Zhongtai Securities Co Ltd
Zhongtai Securities Co., Ltd. provides securities brokerage services in China. It offers investment banking services, including stock sponsorship and underwriting, bond underwriting, asset securitization, NEEQ recommendation and listing, merger, and acquisition reorganization services; wealth management services that consist of securities brokerage, investment advisory, product configuration, and… Read more
Zhongtai Securities Co Ltd (600918) - Net Assets
Latest net assets as of September 2025: CN¥41.01 Billion CNY
Based on the latest financial reports, Zhongtai Securities Co Ltd (600918) has net assets worth CN¥41.01 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¥237.57 Billion) and total liabilities (CN¥196.56 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¥41.01 Billion |
| % of Total Assets | 17.26% |
| Annual Growth Rate | 25.99% |
| 5-Year Change | 31.45% |
| 10-Year Change | 40.61% |
| Growth Volatility | 67.63 |
Zhongtai Securities Co Ltd - Net Assets Trend (2005–2024)
This chart illustrates how Zhongtai 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 Zhongtai Securities Co Ltd (2005–2024)
The table below shows the annual net assets of Zhongtai Securities Co Ltd from 2005 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥45.26 Billion | +6.92% |
| 2023-12-31 | CN¥42.33 Billion | +6.70% |
| 2022-12-31 | CN¥39.67 Billion | +6.75% |
| 2021-12-31 | CN¥37.16 Billion | +7.93% |
| 2020-12-31 | CN¥34.43 Billion | -1.65% |
| 2019-12-31 | CN¥35.01 Billion | +6.84% |
| 2018-12-31 | CN¥32.76 Billion | -4.02% |
| 2017-12-31 | CN¥34.14 Billion | +4.08% |
| 2016-12-31 | CN¥32.80 Billion | +1.90% |
| 2015-12-31 | CN¥32.19 Billion | +121.50% |
| 2014-12-31 | CN¥14.53 Billion | +21.06% |
| 2013-12-31 | CN¥12.00 Billion | +3.82% |
| 2012-12-31 | CN¥11.56 Billion | +3.98% |
| 2011-12-31 | CN¥11.12 Billion | +3.33% |
| 2010-12-31 | CN¥10.76 Billion | -2.16% |
| 2009-12-31 | CN¥11.00 Billion | +17.98% |
| 2008-12-31 | CN¥9.32 Billion | +115.37% |
| 2007-12-31 | CN¥4.33 Billion | +110.07% |
| 2006-12-31 | CN¥2.06 Billion | +266.82% |
| 2005-12-31 | CN¥561.69 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Zhongtai 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 876489941942.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥8.48 Billion | 19.86% |
| Common Stock | CN¥6.97 Billion | 16.31% |
| Other Comprehensive Income | CN¥4.42 Billion | 10.34% |
| Other Components | CN¥22.85 Billion | 53.49% |
| Total Equity | CN¥42.72 Billion | 100.00% |
Zhongtai Securities Co Ltd Competitors by Market Cap
The table below lists competitors of Zhongtai Securities Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
AUTO1 Group SE
PINK:ATOGF
|
$2.48 Billion |
|
ESR Cayman Limited
PINK:ESRCF
|
$2.48 Billion |
|
Perpetua Resources Corp
NASDAQ:PPTA
|
$2.48 Billion |
|
Taichung Commercial Bank Co Ltd
TW:2812
|
$2.48 Billion |
|
MEG Energy Corp
PINK:MEGEF
|
$2.47 Billion |
|
Derwent London PLC
PINK:DWVYF
|
$2.47 Billion |
|
MAG Silver Corp
NYSE MKT:MAG
|
$2.47 Billion |
|
STRIDE INC. DL -0001
F:0AJ
|
$2.47 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Zhongtai Securities Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 39,930,255,000 to 42,721,649,000, a change of 2,791,394,000 (7.0%).
- Net income of 937,290,131 contributed positively to equity growth.
- Dividend payments of 2,412,856,382 reduced retained earnings.
- Other comprehensive income increased equity by 2,343,192,000.
- Other factors increased equity by 1,923,768,251.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥937.29 Million | +2.19% |
| Dividends Paid | CN¥2.41 Billion | -5.65% |
| Other Comprehensive Income | CN¥2.34 Billion | +5.48% |
| Other Changes | CN¥1.92 Billion | +4.5% |
| Total Change | CN¥- | 6.99% |
Book Value vs Market Value Analysis
This analysis compares Zhongtai 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: 1.02x
- 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 61.79x to 1.02x 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¥0.10 | CN¥6.24 | x |
| 2006-12-31 | CN¥0.37 | CN¥6.24 | x |
| 2007-12-31 | CN¥0.77 | CN¥6.24 | x |
| 2008-12-31 | CN¥1.67 | CN¥6.24 | x |
| 2009-12-31 | CN¥1.96 | CN¥6.24 | x |
| 2010-12-31 | CN¥1.93 | CN¥6.24 | x |
| 2011-12-31 | CN¥2.00 | CN¥6.24 | x |
| 2012-12-31 | CN¥2.05 | CN¥6.24 | x |
| 2013-12-31 | CN¥2.13 | CN¥6.24 | x |
| 2014-12-31 | CN¥2.68 | CN¥6.24 | x |
| 2015-12-31 | CN¥5.43 | CN¥6.24 | x |
| 2016-12-31 | CN¥4.25 | CN¥6.24 | x |
| 2017-12-31 | CN¥4.20 | CN¥6.24 | x |
| 2018-12-31 | CN¥3.13 | CN¥6.24 | x |
| 2019-12-31 | CN¥4.87 | CN¥6.24 | x |
| 2020-12-31 | CN¥4.78 | CN¥6.24 | x |
| 2021-12-31 | CN¥5.14 | CN¥6.24 | x |
| 2022-12-31 | CN¥5.48 | CN¥6.24 | x |
| 2023-12-31 | CN¥5.32 | CN¥6.24 | x |
| 2024-12-31 | CN¥6.13 | CN¥6.24 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Zhongtai 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): 2.19%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.77%
- • Asset Turnover: 0.06x
- • Equity Multiplier: 5.26x
- Recent ROE (2.19%) is below the historical average (9.34%), 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 | -3.46% | -21.44% | 0.06x | 2.61x | CN¥-75.60 Million |
| 2006 | 2.09% | 14.41% | 0.07x | 2.20x | CN¥-161.34 Million |
| 2007 | 49.13% | 40.91% | 0.16x | 7.69x | CN¥1.68 Billion |
| 2008 | 8.81% | 30.40% | 0.11x | 2.67x | CN¥-110.50 Million |
| 2009 | 21.29% | 41.07% | 0.13x | 4.12x | CN¥1.23 Billion |
| 2010 | 13.53% | 31.98% | 0.11x | 3.95x | CN¥379.61 Million |
| 2011 | 3.91% | 14.27% | 0.09x | 3.02x | CN¥-676.62 Million |
| 2012 | 3.98% | 15.19% | 0.09x | 2.93x | CN¥-687.90 Million |
| 2013 | 7.33% | 21.43% | 0.11x | 3.20x | CN¥-316.52 Million |
| 2014 | 13.06% | 32.01% | 0.07x | 5.87x | CN¥438.45 Million |
| 2015 | 19.34% | 40.35% | 0.11x | 4.34x | CN¥2.93 Billion |
| 2016 | 7.77% | 29.47% | 0.07x | 3.90x | CN¥-704.10 Million |
| 2017 | 5.48% | 22.18% | 0.06x | 4.04x | CN¥-1.48 Billion |
| 2018 | 3.19% | 9.82% | 0.08x | 4.30x | CN¥-2.15 Billion |
| 2019 | 6.63% | 17.51% | 0.09x | 4.32x | CN¥-1.14 Billion |
| 2020 | 7.59% | 19.42% | 0.07x | 5.24x | CN¥-802.53 Million |
| 2021 | 8.94% | 19.74% | 0.08x | 5.72x | CN¥-378.98 Million |
| 2022 | 1.55% | 4.72% | 0.06x | 5.21x | CN¥-3.23 Billion |
| 2023 | 4.51% | 11.31% | 0.08x | 4.90x | CN¥-2.19 Billion |
| 2024 | 2.19% | 6.77% | 0.06x | 5.26x | CN¥-3.33 Billion |
Industry Comparison
This section compares Zhongtai 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 |
|---|---|---|---|---|
| Zhongtai Securities Co Ltd (600918) | CN¥41.01 Billion | -3.46% | 4.79x | $2.47 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 |