Southwest Securities Co Ltd

SHG:600369 China Capital Markets
Market Cap
$3.95 Billion
CN¥28.97 Billion CNY
Market Cap Rank
#5291 Global
#664 in China
Share Price
CN¥4.36
Change (1 day)
-0.91%
52-Week Range
CN¥3.92 - CN¥5.05
All Time High
CN¥9.83
Categories
Companies in China Capital Markets
About

Southwest Securities Co., Ltd. operates as a securities company in China. The company operates through Brokerage Business, Investment Banking, Asset Management, and Securities Investment segments. It offers equity and debt financing, fixed income assets, equity assets, and derivative products. In addition, the company offers financial advisory services. The company was founded in 1993 and is base… Read more

Southwest Securities Co Ltd (600369) - Net Assets

Latest net assets as of September 2025: CN¥25.93 Billion CNY

Based on the latest financial reports, Southwest Securities Co Ltd (600369) has net assets worth CN¥25.93 Billion CNY as of September 2025.

Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥96.53 Billion) and total liabilities (CN¥70.60 Billion). 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.

Key Net Assets Metrics

Metric Value
Current Net Assets CN¥25.93 Billion
% of Total Assets 26.86%
Annual Growth Rate 21.51%
5-Year Change 2.93%
10-Year Change 31.76%
Growth Volatility 62.17

Southwest Securities Co Ltd - Net Assets Trend (1997–2024)

This chart illustrates how Southwest Securities Co Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.

Annual Net Assets for Southwest Securities Co Ltd (1997–2024)

The table below shows the annual net assets of Southwest Securities Co Ltd from 1997 to 2024.

Year Net Assets Change
2024-12-31 CN¥25.81 Billion +1.61%
2023-12-31 CN¥25.40 Billion +1.87%
2022-12-31 CN¥24.94 Billion -1.37%
2021-12-31 CN¥25.28 Billion +0.82%
2020-12-31 CN¥25.08 Billion +28.22%
2019-12-31 CN¥19.56 Billion +2.86%
2018-12-31 CN¥19.01 Billion -5.16%
2017-12-31 CN¥20.05 Billion +1.94%
2016-12-31 CN¥19.67 Billion +0.40%
2015-12-31 CN¥19.59 Billion +13.76%
2014-12-31 CN¥17.22 Billion +57.64%
2013-12-31 CN¥10.92 Billion +4.99%
2012-12-31 CN¥10.40 Billion +5.11%
2011-12-31 CN¥9.90 Billion -11.00%
2010-12-31 CN¥11.12 Billion +137.79%
2009-12-31 CN¥4.68 Billion +41.07%
2008-12-31 CN¥3.32 Billion +725729.51%
2007-12-31 CN¥-456.97K -100.61%
2006-12-31 CN¥75.07 Million -62.16%
2005-12-31 CN¥198.36 Million -55.04%
2004-12-31 CN¥441.15 Million -19.41%
2003-12-31 CN¥547.38 Million -6.91%
2002-12-31 CN¥588.03 Million +4.27%
2001-12-31 CN¥563.93 Million +2.97%
2000-12-31 CN¥547.68 Million +247.63%
1999-12-31 CN¥157.55 Million +6.66%
1998-12-31 CN¥147.71 Million +10.17%
1997-12-31 CN¥134.07 Million --

Equity Component Analysis

This analysis shows how different components contribute to Southwest Securities 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 64293.6% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings CN¥3.14 Billion 12.16%
Common Stock CN¥6.65 Billion 25.74%
Other Components CN¥16.03 Billion 62.09%
Total Equity CN¥25.81 Billion 100.00%

Southwest Securities Co Ltd Competitors by Market Cap

The table below lists competitors of Southwest Securities Co Ltd ranked by their market capitalization.

Company Market Cap
EMEIS SA
PA:EMEIS
 		$1.79 Billion
Caixa Seguridade Participações S.A
SA:CXSE3
 		$1.79 Billion
TOKYO CENTURY CORP.
F:59O
 		$1.79 Billion
Softcat plc
F:SF5
 		$1.79 Billion
Xinjiang Zhongtai Chemical Co Ltd
SHE:002092
 		$1.79 Billion
Stewart Information Services Corp
NYSE:STC
 		$1.79 Billion
Harbin Electric
F:HP6H
 		$1.78 Billion
IJM Corporation Bhd
KLSE:3336
 		$1.78 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Southwest Securities Co Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 25,410,020,799 to 25,811,324,673, a change of 401,303,874 (1.6%).
  • Net income of 699,394,005 contributed positively to equity growth.
  • Dividend payments of 901,126,956 reduced retained earnings.
  • Other factors increased equity by 603,036,825.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income CN¥699.39 Million +2.71%
Dividends Paid CN¥901.13 Million -3.49%
Other Changes CN¥603.04 Million +2.34%
Total Change CN¥- 1.58%

Book Value vs Market Value Analysis

This analysis compares Southwest Securities 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: 1.07x
  • The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
  • The price-to-book ratio has decreased from 15.92x to 1.07x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
1997-12-31 CN¥0.27 CN¥4.36 x
1998-12-31 CN¥0.30 CN¥4.36 x
1999-12-31 CN¥0.32 CN¥4.36 x
2000-12-31 CN¥1.12 CN¥4.36 x
2001-12-31 CN¥1.14 CN¥4.36 x
2002-12-31 CN¥1.60 CN¥4.36 x
2003-12-31 CN¥1.39 CN¥4.36 x
2004-12-31 CN¥1.11 CN¥4.36 x
2005-12-31 CN¥0.47 CN¥4.36 x
2006-12-31 CN¥0.10 CN¥4.36 x
2007-12-31 CN¥-0.04 CN¥4.36 x
2008-12-31 CN¥1.05 CN¥4.36 x
2009-12-31 CN¥1.25 CN¥4.36 x
2010-12-31 CN¥2.69 CN¥4.36 x
2011-12-31 CN¥2.07 CN¥4.36 x
2012-12-31 CN¥2.28 CN¥4.36 x
2013-12-31 CN¥2.32 CN¥4.36 x
2014-12-31 CN¥3.00 CN¥4.36 x
2015-12-31 CN¥3.37 CN¥4.36 x
2016-12-31 CN¥3.31 CN¥4.36 x
2017-12-31 CN¥3.48 CN¥4.36 x
2018-12-31 CN¥3.28 CN¥4.36 x
2019-12-31 CN¥3.38 CN¥4.36 x
2020-12-31 CN¥4.15 CN¥4.36 x
2021-12-31 CN¥3.82 CN¥4.36 x
2022-12-31 CN¥3.75 CN¥4.36 x
2023-12-31 CN¥3.80 CN¥4.36 x
2024-12-31 CN¥4.06 CN¥4.36 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Southwest Securities 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): 2.71%
  • The company may be facing challenges in efficiently utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 21.30%
  • • Asset Turnover: 0.04x
  • • Equity Multiplier: 3.23x
  • Recent ROE (2.71%) is above the historical average (-4.50%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
1997 15.57% 16.96% 0.39x 2.36x CN¥7.47 Million
1998 9.23% 12.96% 0.31x 2.27x CN¥-1.13 Million
1999 19.23% 21.25% 0.37x 2.46x CN¥14.54 Million
2000 3.87% 13.61% 0.19x 1.50x CN¥-33.49 Million
2001 2.91% 14.66% 0.10x 1.90x CN¥-39.69 Million
2002 3.23% 12.01% 0.12x 2.28x CN¥-39.14 Million
2003 -14.96% -91.03% 0.06x 2.73x CN¥-125.53 Million
2004 -27.98% -144.02% 0.07x 2.89x CN¥-151.74 Million
2005 3.19% 12.38% 0.05x 5.54x CN¥-11.49 Million
2006 -241.46% -209.80% 0.07x 15.37x CN¥-127.47 Million
2007 0.00% 55.47% 2.43x 0.00x CN¥975.01 Million
2008 4.28% 22.21% 0.08x 2.42x CN¥-189.53 Million
2009 21.53% 51.15% 0.13x 3.20x CN¥539.39 Million
2010 7.24% 43.81% 0.08x 2.05x CN¥-307.05 Million
2011 2.65% 25.28% 0.06x 1.79x CN¥-727.26 Million
2012 3.29% 28.18% 0.07x 1.66x CN¥-698.07 Million
2013 5.83% 34.67% 0.06x 2.77x CN¥-451.59 Million
2014 7.99% 38.08% 0.06x 3.47x CN¥-336.00 Million
2015 18.69% 43.17% 0.11x 3.77x CN¥1.65 Billion
2016 4.83% 26.37% 0.05x 3.74x CN¥-982.55 Million
2017 3.45% 23.32% 0.05x 3.29x CN¥-1.27 Billion
2018 1.22% 5.32% 0.07x 3.43x CN¥-1.63 Billion
2019 5.32% 21.65% 0.07x 3.36x CN¥-917.36 Million
2020 4.34% 26.35% 0.05x 3.16x CN¥-1.42 Billion
2021 4.09% 25.82% 0.05x 3.24x CN¥-1.50 Billion
2022 1.24% 11.68% 0.03x 3.25x CN¥-2.18 Billion
2023 2.37% 18.41% 0.04x 3.33x CN¥-1.94 Billion
2024 2.71% 21.30% 0.04x 3.23x CN¥-1.88 Billion

Industry Comparison

This section compares Southwest Securities Co Ltd's net assets metrics with peer companies in the Capital Markets industry.

Industry Context

  • Industry: Capital Markets
  • Average net assets among peers: $20,268,438,570
  • Average return on equity (ROE) among peers: 7.56%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Southwest Securities Co Ltd (600369) CN¥25.93 Billion 15.57% 2.72x $1.79 Billion
Shenwan Hongyuan Group Co Ltd (000166) $16.07 Billion 18.21% 3.12x $10.62 Billion
Northeast Securities Co Ltd (000686) $78.26 Million 20.27% 1.28x $1.48 Billion
Guangdong Golden Dragon Development Inc (000712) $892.70 Million 2.45% 0.50x $913.07 Million
Sealand Securities Co Ltd (000750) $7.16 Billion 9.64% 2.69x $2.84 Billion
GF Securities Co Ltd (000776) $94.14 Billion 8.01% 3.19x $10.71 Billion
Changjiang Securities Co Ltd (000783) $26.77 Billion 5.77% 3.23x $3.30 Billion
Holly Futures Co. Ltd. A (001236) $1.68 Billion 4.77% 3.81x $591.25 Million
Shanxi Securities Co Ltd (002500) $6.30 Billion 3.07% 1.08x $1.47 Billion
Western Securities Co Ltd (002673) $27.16 Billion 1.59% 2.52x $2.22 Billion
Huaxi Securities Co Ltd Class A (002926) $22.44 Billion 1.88% 3.36x $1.41 Billion