Haitong Securities Co Ltd
Haitong Securities Co., Ltd. operates as a securities company primarily in Mainland China, Hong Kong, and Europe. It operates through six segments: Wealth Management, Investment Banking, Asset Management, Trading and Institution, Finance Lease, and Others. The Wealth Management segment offers securities and futures brokering and dealing, investment consulting, and wealth management services; and … Read more
Haitong Securities Co Ltd (600837) - Net Assets
Latest net assets as of September 2024: CN¥169.49 Billion CNY
Based on the latest financial reports, Haitong Securities Co Ltd (600837) has net assets worth CN¥169.49 Billion CNY as of September 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥693.24 Billion) and total liabilities (CN¥523.75 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¥169.49 Billion |
| % of Total Assets | 24.45% |
| Annual Growth Rate | N/A |
| 5-Year Change | 23.87% |
| 10-Year Change | 141.89% |
| Growth Volatility | 829.09 |
Haitong Securities Co Ltd - Net Assets Trend (2000–2023)
This chart illustrates how Haitong 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 Haitong Securities Co Ltd (2000–2023)
The table below shows the annual net assets of Haitong Securities Co Ltd from 2000 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | CN¥174.80 Billion | -1.59% |
| 2022-12-31 | CN¥177.62 Billion | -0.07% |
| 2021-12-31 | CN¥177.75 Billion | +5.73% |
| 2020-12-31 | CN¥168.13 Billion | +19.14% |
| 2019-12-31 | CN¥141.12 Billion | +8.40% |
| 2018-12-31 | CN¥130.19 Billion | +0.38% |
| 2017-12-31 | CN¥129.69 Billion | +6.34% |
| 2016-12-31 | CN¥121.96 Billion | +4.30% |
| 2015-12-31 | CN¥116.93 Billion | +61.81% |
| 2014-12-31 | CN¥72.26 Billion | +12.73% |
| 2013-12-31 | CN¥64.11 Billion | +6.08% |
| 2012-12-31 | CN¥60.43 Billion | +29.65% |
| 2011-12-31 | CN¥46.61 Billion | +2.18% |
| 2010-12-31 | CN¥45.62 Billion | +2.47% |
| 2009-12-31 | CN¥44.52 Billion | +15.22% |
| 2008-12-31 | CN¥38.64 Billion | +4.75% |
| 2007-12-31 | CN¥36.88 Billion | +3994.98% |
| 2006-12-31 | CN¥900.70 Million | +27.10% |
| 2005-12-31 | CN¥708.67 Million | +28.47% |
| 2004-12-31 | CN¥551.64 Million | +53.66% |
| 2003-12-31 | CN¥359.01 Million | +25.56% |
| 2002-12-31 | CN¥285.92 Million | +12.70% |
| 2001-12-31 | CN¥253.70 Million | +144.66% |
| 2000-12-31 | CN¥-568.02 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Haitong 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 110436.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥42.34 Billion | 25.93% |
| Other Components | CN¥120.91 Billion | 74.07% |
| Total Equity | CN¥163.24 Billion | 100.00% |
Haitong Securities Co Ltd Competitors by Market Cap
The table below lists competitors of Haitong Securities Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
News Corp B
NASDAQ:NWS
|
$13.44 Billion |
|
ENEOS Holdings Inc
PINK:JXHGF
|
$13.45 Billion |
|
Tata Steel Limited
PINK:TATLY
|
$13.46 Billion |
|
Euronext N.V
PINK:EUXTF
|
$13.46 Billion |
|
The Clorox Company
NYSE:CLX
|
$13.42 Billion |
|
Reinsurance Group of America
NYSE:RGA
|
$13.41 Billion |
|
People's Insurance of China Ltd
SHG:601319
|
$13.41 Billion |
|
Nan Ya Plastics Corp
TW:1303
|
$13.36 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Haitong Securities Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 164,591,956,430 to 163,243,990,487, a change of -1,347,965,943 (-0.8%).
- Net income of 1,008,406,316 contributed positively to equity growth.
- Dividend payments of 12,956,322,577 reduced retained earnings.
- Other factors increased equity by 10,599,950,317.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥1.01 Billion | +0.62% |
| Dividends Paid | CN¥12.96 Billion | -7.94% |
| Other Changes | CN¥10.60 Billion | +6.49% |
| Total Change | CN¥- | -0.82% |
Book Value vs Market Value Analysis
This analysis compares Haitong 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: 0.83x
- 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 1.02x to 0.83x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | CN¥10.24 | CN¥10.41 | x |
| 2018-12-31 | CN¥10.25 | CN¥10.41 | x |
| 2019-12-31 | CN¥10.96 | CN¥10.41 | x |
| 2020-12-31 | CN¥11.75 | CN¥10.41 | x |
| 2021-12-31 | CN¥12.49 | CN¥10.41 | x |
| 2022-12-31 | CN¥12.60 | CN¥10.41 | x |
| 2023-12-31 | CN¥12.50 | CN¥10.41 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Haitong 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): 0.62%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.51%
- • Asset Turnover: 0.03x
- • Equity Multiplier: 4.62x
- Recent ROE (0.62%) is below the historical average (12.42%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2001 | 11.31% | 11.17% | 0.50x | 2.03x | CN¥3.08 Million |
| 2002 | 9.36% | 13.87% | 0.36x | 1.86x | CN¥-1.67 Million |
| 2003 | 19.54% | 27.98% | 0.39x | 1.79x | CN¥31.05 Million |
| 2004 | 34.25% | 45.87% | 0.47x | 1.60x | CN¥117.64 Million |
| 2005 | 22.29% | 32.09% | 0.47x | 1.48x | CN¥76.16 Million |
| 2006 | 55.91% | 71.64% | 0.51x | 1.54x | CN¥355.82 Million |
| 2007 | 14.90% | 47.10% | 0.12x | 2.60x | CN¥1.79 Billion |
| 2008 | 8.61% | 45.43% | 0.10x | 1.95x | CN¥-534.55 Million |
| 2009 | 10.48% | 44.77% | 0.08x | 2.78x | CN¥206.83 Million |
| 2010 | 8.29% | 36.70% | 0.09x | 2.60x | CN¥-760.47 Million |
| 2011 | 6.89% | 33.82% | 0.09x | 2.20x | CN¥-1.40 Billion |
| 2012 | 5.15% | 33.97% | 0.07x | 2.15x | CN¥-2.85 Billion |
| 2013 | 6.56% | 33.65% | 0.07x | 2.75x | CN¥-2.12 Billion |
| 2014 | 11.28% | 34.60% | 0.06x | 5.16x | CN¥874.18 Million |
| 2015 | 14.71% | 42.65% | 0.06x | 5.35x | CN¥5.07 Billion |
| 2016 | 7.30% | 28.92% | 0.05x | 5.09x | CN¥-2.97 Billion |
| 2017 | 7.32% | 31.32% | 0.05x | 4.54x | CN¥-3.16 Billion |
| 2018 | 4.42% | 21.95% | 0.04x | 4.88x | CN¥-6.57 Billion |
| 2019 | 7.55% | 27.76% | 0.05x | 5.05x | CN¥-3.09 Billion |
| 2020 | 7.09% | 28.86% | 0.05x | 4.52x | CN¥-4.47 Billion |
| 2021 | 7.86% | 30.88% | 0.06x | 4.57x | CN¥-3.49 Billion |
| 2022 | 3.98% | 26.00% | 0.03x | 4.58x | CN¥-9.91 Billion |
| 2023 | 0.62% | 4.51% | 0.03x | 4.62x | CN¥-15.32 Billion |
Industry Comparison
This section compares Haitong 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 |
|---|---|---|---|---|
| Haitong Securities Co Ltd (600837) | CN¥169.49 Billion | 11.31% | 3.09x | $13.43 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 |