Polaris Bay Group Co Ltd (600155) - Net Assets
Based on the latest financial reports, Polaris Bay Group Co Ltd (600155) has net assets worth CN¥21.17 Billion CNY (≈ $3.10 Billion USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥60.00 Billion ≈ $8.78 Billion USD) and total liabilities (CN¥38.83 Billion ≈ $5.68 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check 600155 asset liquidity ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥21.17 Billion |
| % of Total Assets | 35.28% |
| Annual Growth Rate | 19.33% |
| 5-Year Change | 38.45% |
| 10-Year Change | 5672.94% |
| Growth Volatility | 902.88 |
Polaris Bay Group Co Ltd - Net Assets Trend (1995–2024)
This chart illustrates how Polaris Bay Group Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Polaris Bay Group Co Ltd balance sheet assets for the complete picture of this company's asset base.
Annual Net Assets for Polaris Bay Group Co Ltd (1995–2024)
The table below shows the annual net assets of Polaris Bay Group Co Ltd from 1995 to 2024. For live valuation and market cap data, see 600155 market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥21.11 Billion ≈ $3.09 Billion |
+6.38% |
| 2023-12-31 | CN¥19.84 Billion ≈ $2.90 Billion |
+1.21% |
| 2022-12-31 | CN¥19.60 Billion ≈ $2.87 Billion |
+20.40% |
| 2021-12-31 | CN¥16.28 Billion ≈ $2.38 Billion |
+6.81% |
| 2020-12-31 | CN¥15.24 Billion ≈ $2.23 Billion |
+1.51% |
| 2019-12-31 | CN¥15.02 Billion ≈ $2.20 Billion |
-1.32% |
| 2018-12-31 | CN¥15.22 Billion ≈ $2.23 Billion |
-0.10% |
| 2017-12-31 | CN¥15.23 Billion ≈ $2.23 Billion |
+0.43% |
| 2016-12-31 | CN¥15.17 Billion ≈ $2.22 Billion |
+4048.81% |
| 2015-12-31 | CN¥365.61 Million ≈ $53.50 Million |
+146.15% |
| 2014-12-31 | CN¥148.53 Million ≈ $21.73 Million |
+41.25% |
| 2013-12-31 | CN¥105.15 Million ≈ $15.39 Million |
+117.15% |
| 2012-12-31 | CN¥-613.24 Million ≈ $-89.74 Million |
-29.19% |
| 2011-12-31 | CN¥-474.67 Million ≈ $-69.46 Million |
+82.00% |
| 2010-12-31 | CN¥-2.64 Billion ≈ $-385.93 Million |
+0.18% |
| 2009-12-31 | CN¥-2.64 Billion ≈ $-386.62 Million |
-12.76% |
| 2008-12-31 | CN¥-2.34 Billion ≈ $-342.87 Million |
-51.26% |
| 2007-12-31 | CN¥-1.55 Billion ≈ $-226.68 Million |
+0.50% |
| 2006-12-31 | CN¥-1.56 Billion ≈ $-227.82 Million |
-1382.55% |
| 2005-12-31 | CN¥121.39 Million ≈ $17.76 Million |
-88.04% |
| 2004-12-31 | CN¥1.02 Billion ≈ $148.56 Million |
+3.90% |
| 2003-12-31 | CN¥977.11 Million ≈ $142.98 Million |
-8.98% |
| 2002-12-31 | CN¥1.07 Billion ≈ $157.09 Million |
+4.55% |
| 2001-12-31 | CN¥1.03 Billion ≈ $150.25 Million |
+8.84% |
| 2000-12-31 | CN¥943.36 Million ≈ $138.04 Million |
+26.01% |
| 1999-12-31 | CN¥748.66 Million ≈ $109.55 Million |
+20.86% |
| 1998-12-31 | CN¥619.42 Million ≈ $90.64 Million |
+180.66% |
| 1997-12-31 | CN¥220.70 Million ≈ $32.29 Million |
+41.30% |
| 1996-12-31 | CN¥156.19 Million ≈ $22.86 Million |
+24.35% |
| 1995-12-31 | CN¥125.61 Million ≈ $18.38 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Polaris Bay Group Co Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 108597700000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.09 Billion | 5.49% |
| Common Stock | CN¥2.22 Billion | 11.24% |
| Other Comprehensive Income | CN¥-16.48 Million | -0.08% |
| Other Components | CN¥16.49 Billion | 83.35% |
| Total Equity | CN¥19.79 Billion | 100.00% |
Polaris Bay Group Co Ltd Competitors by Market Cap
The table below lists competitors of Polaris Bay Group Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Sino Geophysical
SHE:300191
|
$2.03 Billion |
|
SIRIUSPOINT LTD. DL-10
F:3XPA
|
$2.03 Billion |
|
Nanjing Gaoke Co Ltd
SHG:600064
|
$2.03 Billion |
|
Huizhou Speed Wireless Technology Co Ltd
SHE:300322
|
$2.03 Billion |
|
Jiugui Liquor Co Ltd
SHE:000799
|
$2.03 Billion |
|
Schiehallion Fund Ltd
LSE:MNTN
|
$2.03 Billion |
|
Alamo Group Inc
NYSE:ALG
|
$2.03 Billion |
|
Capri Global Capital Limited
NSE:CGCL
|
$2.03 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Polaris Bay Group Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 19,758,502,088 to 19,787,937,000, a change of 29,434,912 (0.1%).
- Net income of 61,758,528 contributed positively to equity growth.
- Dividend payments of 469,477,507 reduced retained earnings.
- Share repurchases of 23,538,374 reduced equity.
- Other comprehensive income decreased equity by 16,480,000.
- Other factors increased equity by 477,172,265.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥61.76 Million | +0.31% |
| Dividends Paid | CN¥469.48 Million | -2.37% |
| Share Repurchases | CN¥23.54 Million | -0.12% |
| Other Comprehensive Income | CN¥-16.48 Million | -0.08% |
| Other Changes | CN¥477.17 Million | +2.41% |
| Total Change | CN¥- | 0.15% |
Book Value vs Market Value Analysis
This analysis compares Polaris Bay Group Co Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.65x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 4.61x to 0.65x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1995-12-31 | CN¥1.36 | CN¥6.27 | x |
| 1996-12-31 | CN¥1.71 | CN¥6.27 | x |
| 1997-12-31 | CN¥2.45 | CN¥6.27 | x |
| 1998-12-31 | CN¥5.94 | CN¥6.27 | x |
| 1999-12-31 | CN¥6.94 | CN¥6.27 | x |
| 2000-12-31 | CN¥8.84 | CN¥6.27 | x |
| 2001-12-31 | CN¥9.19 | CN¥6.27 | x |
| 2002-12-31 | CN¥9.91 | CN¥6.27 | x |
| 2003-12-31 | CN¥10.33 | CN¥6.27 | x |
| 2004-12-31 | CN¥10.64 | CN¥6.27 | x |
| 2005-12-31 | CN¥0.14 | CN¥6.27 | x |
| 2006-12-31 | CN¥-4.00 | CN¥6.27 | x |
| 2007-12-31 | CN¥-3.87 | CN¥6.27 | x |
| 2008-12-31 | CN¥-5.70 | CN¥6.27 | x |
| 2009-12-31 | CN¥-6.39 | CN¥6.27 | x |
| 2010-12-31 | CN¥-6.35 | CN¥6.27 | x |
| 2011-12-31 | CN¥-1.15 | CN¥6.27 | x |
| 2012-12-31 | CN¥-1.51 | CN¥6.27 | x |
| 2013-12-31 | CN¥0.19 | CN¥6.27 | x |
| 2014-12-31 | CN¥0.31 | CN¥6.27 | x |
| 2015-12-31 | CN¥0.74 | CN¥6.27 | x |
| 2016-12-31 | CN¥22.95 | CN¥6.27 | x |
| 2017-12-31 | CN¥9.11 | CN¥6.27 | x |
| 2018-12-31 | CN¥8.96 | CN¥6.27 | x |
| 2019-12-31 | CN¥8.62 | CN¥6.27 | x |
| 2020-12-31 | CN¥8.76 | CN¥6.27 | x |
| 2021-12-31 | CN¥9.54 | CN¥6.27 | x |
| 2022-12-31 | CN¥11.36 | CN¥6.27 | x |
| 2023-12-31 | CN¥8.98 | CN¥6.27 | x |
| 2024-12-31 | CN¥9.61 | CN¥6.27 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Polaris Bay Group Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 0.31%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.44%
- • Asset Turnover: 0.07x
- • Equity Multiplier: 2.96x
- Recent ROE (0.31%) is above the historical average (-51.10%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1995 | 24.62% | 10.18% | 0.86x | 2.80x | CN¥17.06 Million |
| 1996 | 19.32% | 8.46% | 0.72x | 3.18x | CN¥13.65 Million |
| 1997 | 26.53% | 11.23% | 0.93x | 2.55x | CN¥34.77 Million |
| 1998 | 11.08% | 10.21% | 0.51x | 2.11x | CN¥5.49 Million |
| 1999 | 14.39% | 9.91% | 0.62x | 2.36x | CN¥26.12 Million |
| 2000 | 8.17% | 5.89% | 0.61x | 2.27x | CN¥-13.87 Million |
| 2001 | 9.15% | 6.47% | 0.54x | 2.61x | CN¥-6.74 Million |
| 2002 | 7.30% | 5.17% | 0.53x | 2.69x | CN¥-22.94 Million |
| 2003 | 6.95% | 4.05% | 0.69x | 2.48x | CN¥-27.05 Million |
| 2004 | 6.79% | 3.12% | 0.79x | 2.76x | CN¥-29.30 Million |
| 2005 | -2497.88% | -16.54% | 0.46x | 328.44x | CN¥-299.06 Million |
| 2006 | 0.00% | -110.58% | 0.66x | 0.00x | CN¥-1.50 Billion |
| 2007 | 0.00% | 1.27% | 0.72x | 0.00x | CN¥183.88 Million |
| 2008 | 0.00% | -58.88% | 1.25x | 0.00x | CN¥-482.56 Million |
| 2009 | 0.00% | -38.95% | 0.99x | 0.00x | CN¥-29.42 Million |
| 2010 | 0.00% | 0.58% | 1.20x | 0.00x | CN¥269.62 Million |
| 2011 | 0.00% | 201.98% | 1.39x | 0.00x | CN¥2.21 Billion |
| 2012 | 0.00% | -36.51% | 0.55x | 0.00x | CN¥-77.02 Million |
| 2013 | 864.22% | 967.41% | 0.04x | 22.40x | CN¥685.61 Million |
| 2014 | -114.96% | -35.97% | 0.22x | 14.79x | CN¥-160.11 Million |
| 2015 | 63.79% | 64.77% | 0.52x | 1.91x | CN¥190.33 Million |
| 2016 | -0.96% | -12.74% | 0.04x | 2.02x | CN¥-1.62 Billion |
| 2017 | 0.88% | 6.23% | 0.05x | 2.57x | CN¥-1.36 Billion |
| 2018 | 1.00% | 8.05% | 0.05x | 2.71x | CN¥-1.34 Billion |
| 2019 | 1.74% | 10.52% | 0.06x | 2.98x | CN¥-1.24 Billion |
| 2020 | 4.34% | 20.28% | 0.07x | 3.20x | CN¥-859.29 Million |
| 2021 | 5.97% | 19.69% | 0.10x | 3.19x | CN¥-652.40 Million |
| 2022 | 1.94% | 10.63% | 0.07x | 2.70x | CN¥-1.57 Billion |
| 2023 | 2.34% | 11.44% | 0.08x | 2.62x | CN¥-1.51 Billion |
| 2024 | 0.31% | 1.44% | 0.07x | 2.96x | CN¥-1.92 Billion |
Industry Comparison
This section compares Polaris Bay Group Co Ltd's net assets metrics with peer companies in the Capital Markets industry.
Industry Context
- Industry: Capital Markets
- Average net assets among peers: $16,765,796,924
- Average return on equity (ROE) among peers: 4.17%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Polaris Bay Group Co Ltd (600155) | CN¥21.17 Billion | 24.62% | 1.83x | $2.03 Billion |
| Shenwan Hongyuan Group Co Ltd (000166) | $128.79 Billion | 3.58% | 3.93x | $15.63 Billion |
| Northeast Securities Co Ltd (000686) | $368.07 Million | 10.49% | 0.34x | $2.97 Billion |
| Guangdong Golden Dragon Development Inc (000712) | $5.53 Billion | 3.51% | 5.03x | $1.37 Billion |
| Guoyuan Securities Co Ltd (000728) | $915.13 Million | -18.27% | 0.81x | $4.69 Billion |
| Sealand Securities Co Ltd (000750) | $712.94 Million | 0.75% | 0.42x | $3.65 Billion |
| GF Securities Co Ltd (000776) | $54.75 Million | 20.33% | 0.71x | $18.34 Billion |
| Changjiang Securities Co Ltd (000783) | $-660.08 Million | 0.00% | 0.00x | $6.47 Billion |
| Shanxi Securities Co Ltd (002500) | $6.38 Billion | 2.22% | 1.01x | $2.97 Billion |
| Western Securities Co Ltd (002673) | $3.12 Billion | 17.19% | 2.98x | $4.70 Billion |
| Huaxi Securities Co Ltd Class A (002926) | $22.44 Billion | 1.88% | 3.36x | $3.35 Billion |
About Polaris Bay Group Co Ltd
Huachuang Yunxin Digital Technology Co., Ltd. engages in the securities businesses in China. The company offers securities and futures brokerage, fund distribution, securities and derivatives investment and consulting, securities underwriting and sponsorship; and credit transaction business comprising margin financing and securities lending, financial advice for securities trading and investment,… Read more