Caida Securities Co Ltd (600906) - Net Assets
Based on the latest financial reports, Caida Securities Co Ltd (600906) has net assets worth CN¥12.52 Billion CNY (≈ $1.83 Billion USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥61.06 Billion ≈ $8.93 Billion USD) and total liabilities (CN¥48.54 Billion ≈ $7.10 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. Also explore 600906 current and non-current assets for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥12.52 Billion |
| % of Total Assets | 20.5% |
| Annual Growth Rate | 23.73% |
| 5-Year Change | 9.86% |
| 10-Year Change | 43.44% |
| Growth Volatility | 64.19 |
Caida Securities Co Ltd - Net Assets Trend (2005–2025)
This chart illustrates how Caida Securities Co Ltd's net assets have evolved over time, based on quarterly financial data. Check Caida Securities Co Ltd (600906) tangible equity ratio to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Caida Securities Co Ltd (2005–2025)
The table below shows the annual net assets of Caida Securities Co Ltd from 2005 to 2025. For live valuation and market cap data, see 600906 market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥12.26 Billion ≈ $1.79 Billion |
+2.67% |
| 2024-12-31 | CN¥11.95 Billion ≈ $1.75 Billion |
+3.10% |
| 2023-12-31 | CN¥11.59 Billion ≈ $1.70 Billion |
+3.98% |
| 2022-12-31 | CN¥11.14 Billion ≈ $1.63 Billion |
-0.19% |
| 2021-12-31 | CN¥11.16 Billion ≈ $1.63 Billion |
+25.04% |
| 2020-12-31 | CN¥8.93 Billion ≈ $1.31 Billion |
+2.97% |
| 2019-12-31 | CN¥8.67 Billion ≈ $1.27 Billion |
+2.45% |
| 2018-12-31 | CN¥8.46 Billion ≈ $1.24 Billion |
-4.22% |
| 2017-12-31 | CN¥8.84 Billion ≈ $1.29 Billion |
+3.35% |
| 2016-12-31 | CN¥8.55 Billion ≈ $1.25 Billion |
+8.37% |
| 2015-12-31 | CN¥7.89 Billion ≈ $1.15 Billion |
+11.76% |
| 2014-12-31 | CN¥7.06 Billion ≈ $1.03 Billion |
+49.00% |
| 2013-12-31 | CN¥4.74 Billion ≈ $693.28 Million |
+53.48% |
| 2012-12-31 | CN¥3.09 Billion ≈ $451.70 Million |
+0.72% |
| 2011-12-31 | CN¥3.06 Billion ≈ $448.46 Million |
+0.02% |
| 2010-12-31 | CN¥3.06 Billion ≈ $448.38 Million |
+4.75% |
| 2009-12-31 | CN¥2.93 Billion ≈ $428.02 Million |
+30.59% |
| 2008-12-31 | CN¥2.24 Billion ≈ $327.75 Million |
+47.83% |
| 2007-12-31 | CN¥1.52 Billion ≈ $221.70 Million |
+131.35% |
| 2006-12-31 | CN¥654.87 Million ≈ $95.83 Million |
+277.83% |
| 2005-12-31 | CN¥173.33 Million ≈ $25.36 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Caida 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 146200726349.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.40 Billion | 11.46% |
| Other Components | CN¥10.85 Billion | 88.54% |
| Total Equity | CN¥12.26 Billion | 100.00% |
Caida Securities Co Ltd Competitors by Market Cap
The table below lists competitors of Caida Securities Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Orion Corp
KO:271560
|
$3.43 Billion |
|
Viohalco S.A
BR:VIO
|
$3.43 Billion |
|
Enaex S.A
SN:ENAEX
|
$3.43 Billion |
|
Avista Corporation
NYSE:AVA
|
$3.43 Billion |
|
Luxi Chemical Group Co Ltd
SHE:000830
|
$3.43 Billion |
|
SEIKO EPSON CORP.ADR 1/2
F:SE7S
|
$3.43 Billion |
|
Sandstorm Gold Ltd N
TO:SSL
|
$3.42 Billion |
|
Samsung Card Co. Ltd.
KO:029780
|
$3.42 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Caida Securities Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 11,940,916,705 to 12,259,489,432, a change of 318,572,727 (2.7%).
- Net income of 747,083,879 contributed positively to equity growth.
- Dividend payments of 743,576,027 reduced retained earnings.
- Other factors increased equity by 315,064,875.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥747.08 Million | +6.09% |
| Dividends Paid | CN¥743.58 Million | -6.07% |
| Other Changes | CN¥315.06 Million | +2.57% |
| Total Change | CN¥- | 2.67% |
Book Value vs Market Value Analysis
This analysis compares Caida 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: 1.91x
- 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 113.95x to 1.91x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-12-31 | CN¥0.06 | CN¥7.22 | x |
| 2006-12-31 | CN¥0.24 | CN¥7.22 | x |
| 2007-12-31 | CN¥0.55 | CN¥7.22 | x |
| 2008-12-31 | CN¥0.82 | CN¥7.22 | x |
| 2009-12-31 | CN¥1.07 | CN¥7.22 | x |
| 2010-12-31 | CN¥1.11 | CN¥7.22 | x |
| 2011-12-31 | CN¥1.12 | CN¥7.22 | x |
| 2012-12-31 | CN¥1.13 | CN¥7.22 | x |
| 2013-12-31 | CN¥1.73 | CN¥7.22 | x |
| 2014-12-31 | CN¥2.58 | CN¥7.22 | x |
| 2015-12-31 | CN¥2.88 | CN¥7.22 | x |
| 2016-12-31 | CN¥3.12 | CN¥7.22 | x |
| 2017-12-31 | CN¥3.27 | CN¥7.22 | x |
| 2018-12-31 | CN¥3.45 | CN¥7.22 | x |
| 2019-12-31 | CN¥2.67 | CN¥7.22 | x |
| 2020-12-31 | CN¥2.75 | CN¥7.22 | x |
| 2021-12-31 | CN¥3.44 | CN¥7.22 | x |
| 2022-12-31 | CN¥3.43 | CN¥7.22 | x |
| 2023-12-31 | CN¥3.63 | CN¥7.22 | x |
| 2024-12-31 | CN¥3.65 | CN¥7.22 | x |
| 2025-12-31 | CN¥3.78 | CN¥7.22 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Caida 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): 6.09%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 27.67%
- • Asset Turnover: 0.05x
- • Equity Multiplier: 4.46x
- Recent ROE (6.09%) is below the historical average (11.74%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | -10.83% | -28.29% | 0.09x | 4.16x | CN¥-36.10 Million |
| 2006 | 5.62% | 26.13% | 0.06x | 3.33x | CN¥-28.66 Million |
| 2007 | 56.78% | 48.86% | 0.13x | 8.90x | CN¥708.69 Million |
| 2008 | 25.38% | 46.08% | 0.12x | 4.41x | CN¥344.39 Million |
| 2009 | 37.03% | 51.63% | 0.12x | 5.78x | CN¥790.59 Million |
| 2010 | 23.52% | 44.25% | 0.11x | 5.05x | CN¥409.90 Million |
| 2011 | 11.08% | 31.37% | 0.10x | 3.51x | CN¥33.13 Million |
| 2012 | 4.40% | 15.80% | 0.08x | 3.65x | CN¥-172.65 Million |
| 2013 | 4.89% | 21.82% | 0.09x | 2.37x | CN¥-241.90 Million |
| 2014 | 11.79% | 41.21% | 0.09x | 3.27x | CN¥126.42 Million |
| 2015 | 25.93% | 52.41% | 0.11x | 4.53x | CN¥1.26 Billion |
| 2016 | 7.77% | 36.17% | 0.06x | 3.85x | CN¥-190.83 Million |
| 2017 | 3.50% | 20.87% | 0.05x | 3.13x | CN¥-574.15 Million |
| 2018 | 0.87% | 3.71% | 0.06x | 3.92x | CN¥-772.29 Million |
| 2019 | 7.03% | 25.30% | 0.07x | 3.95x | CN¥-257.50 Million |
| 2020 | 5.96% | 19.16% | 0.07x | 4.39x | CN¥-360.49 Million |
| 2021 | 6.10% | 21.14% | 0.07x | 4.06x | CN¥-435.47 Million |
| 2022 | 2.72% | 13.09% | 0.05x | 3.94x | CN¥-811.06 Million |
| 2023 | 5.23% | 20.42% | 0.06x | 4.03x | CN¥-552.35 Million |
| 2024 | 5.75% | 22.78% | 0.06x | 4.38x | CN¥-507.55 Million |
| 2025 | 6.09% | 27.67% | 0.05x | 4.46x | CN¥-478.87 Million |
Industry Comparison
This section compares Caida 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: $10,859,333,516
- Average return on equity (ROE) among peers: 5.45%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Caida Securities Co Ltd (600906) | CN¥12.52 Billion | -10.83% | 3.88x | $3.43 Billion |
| Shenwan Hongyuan Group Co Ltd (000166) | $18.14 Billion | 7.76% | 2.22x | $15.43 Billion |
| Northeast Securities Co Ltd (000686) | $19.59 Billion | 4.46% | 3.55x | $2.77 Billion |
| Guangdong Golden Dragon Development Inc (000712) | $4.48 Billion | -1.99% | 4.29x | $1.12 Billion |
| Guoyuan Securities Co Ltd (000728) | $990.06 Million | 9.39% | 0.84x | $4.74 Billion |
| Sealand Securities Co Ltd (000750) | $3.01 Billion | 4.43% | 2.79x | $3.62 Billion |
| GF Securities Co Ltd (000776) | $249.48 Million | 4.49% | 0.66x | $19.75 Billion |
| Changjiang Securities Co Ltd (000783) | $26.57 Billion | 0.97% | 2.73x | $6.96 Billion |
| Shanxi Securities Co Ltd (002500) | $2.43 Billion | 11.40% | 2.25x | $2.84 Billion |
| Western Securities Co Ltd (002673) | $26.11 Billion | 4.28% | 1.45x | $4.38 Billion |
| Huaxi Securities Co Ltd Class A (002926) | $7.05 Billion | 9.29% | 1.88x | $3.33 Billion |
About Caida Securities Co Ltd
Caida Securities Co., Ltd. provides investment banking services in China. Its services include securities brokerage; securities investment consulting; securities underwriting and sponsorship; securities proprietary trading; securities asset management; margin trading; agency sales of securities investment funds; financial consulting related to securities trading and securities investment activiti… Read more