Zhongtai Securities Co Ltd (600918) - Net Assets

Latest as of September 2025: CN¥41.01 Billion CNY ≈ $6.00 Billion USD

Based on the latest financial reports, Zhongtai Securities Co Ltd (600918) has net assets worth CN¥41.01 Billion CNY (≈ $6.00 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¥237.57 Billion ≈ $34.76 Billion USD) and total liabilities (CN¥196.56 Billion ≈ $28.76 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. Read 600918 total debt and obligations for a breakdown of total debt and financial obligations.

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. Also explore 600918 asset base for the complete picture of this company's asset base.

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. For live valuation and market cap data, see market cap of Zhongtai Securities Co Ltd.

Year	Net Assets	Change
2024-12-31	CN¥45.26 Billion ≈ $6.62 Billion	+6.92%
2023-12-31	CN¥42.33 Billion ≈ $6.19 Billion	+6.70%
2022-12-31	CN¥39.67 Billion ≈ $5.80 Billion	+6.75%
2021-12-31	CN¥37.16 Billion ≈ $5.44 Billion	+7.93%
2020-12-31	CN¥34.43 Billion ≈ $5.04 Billion	-1.65%
2019-12-31	CN¥35.01 Billion ≈ $5.12 Billion	+6.84%
2018-12-31	CN¥32.76 Billion ≈ $4.79 Billion	-4.02%
2017-12-31	CN¥34.14 Billion ≈ $5.00 Billion	+4.08%
2016-12-31	CN¥32.80 Billion ≈ $4.80 Billion	+1.90%
2015-12-31	CN¥32.19 Billion ≈ $4.71 Billion	+121.50%
2014-12-31	CN¥14.53 Billion ≈ $2.13 Billion	+21.06%
2013-12-31	CN¥12.00 Billion ≈ $1.76 Billion	+3.82%
2012-12-31	CN¥11.56 Billion ≈ $1.69 Billion	+3.98%
2011-12-31	CN¥11.12 Billion ≈ $1.63 Billion	+3.33%
2010-12-31	CN¥10.76 Billion ≈ $1.57 Billion	-2.16%
2009-12-31	CN¥11.00 Billion ≈ $1.61 Billion	+17.98%
2008-12-31	CN¥9.32 Billion ≈ $1.36 Billion	+115.37%
2007-12-31	CN¥4.33 Billion ≈ $633.37 Million	+110.07%
2006-12-31	CN¥2.06 Billion ≈ $301.50 Million	+266.82%
2005-12-31	CN¥561.69 Million ≈ $82.19 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
Shanghai Pharmaceuticals Holding Co Ltd SHG:601607	$6.98 Billion
Konfoong Materials International Co Ltd SHE:300666	$6.98 Billion
Sonic Healthcare Ltd AU:SHL	$6.98 Billion
Kiwoom KO:039490	$6.98 Billion
Schaeffler India Limited NSE:SCHAEFFLER	$6.97 Billion
Molina Healthcare Inc NYSE:MOH	$6.97 Billion
Abivax SA PA:ABVX	$6.97 Billion
New Gold Inc TO:NGD	$6.96 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: 0.98x
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 59.61x to 0.98x 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¥6.02	x
2006-12-31	CN¥0.37	CN¥6.02	x
2007-12-31	CN¥0.77	CN¥6.02	x
2008-12-31	CN¥1.67	CN¥6.02	x
2009-12-31	CN¥1.96	CN¥6.02	x
2010-12-31	CN¥1.93	CN¥6.02	x
2011-12-31	CN¥2.00	CN¥6.02	x
2012-12-31	CN¥2.05	CN¥6.02	x
2013-12-31	CN¥2.13	CN¥6.02	x
2014-12-31	CN¥2.68	CN¥6.02	x
2015-12-31	CN¥5.43	CN¥6.02	x
2016-12-31	CN¥4.25	CN¥6.02	x
2017-12-31	CN¥4.20	CN¥6.02	x
2018-12-31	CN¥3.13	CN¥6.02	x
2019-12-31	CN¥4.87	CN¥6.02	x
2020-12-31	CN¥4.78	CN¥6.02	x
2021-12-31	CN¥5.14	CN¥6.02	x
2022-12-31	CN¥5.48	CN¥6.02	x
2023-12-31	CN¥5.32	CN¥6.02	x
2024-12-31	CN¥6.13	CN¥6.02	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: $12,822,562,853
Average return on equity (ROE) among peers: 7.47%

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	$6.98 Billion
Shenwan Hongyuan Group Co Ltd (000166)	$19.38 Billion	9.72%	2.65x	$15.63 Billion
Northeast Securities Co Ltd (000686)	$19.59 Billion	4.46%	3.55x	$2.97 Billion
Guangdong Golden Dragon Development Inc (000712)	$2.25 Billion	1.05%	0.21x	$1.37 Billion
Guoyuan Securities Co Ltd (000728)	$2.55 Billion	21.64%	2.23x	$4.69 Billion
Sealand Securities Co Ltd (000750)	$22.72 Billion	1.44%	2.07x	$3.65 Billion
GF Securities Co Ltd (000776)	$431.06 Million	6.01%	0.62x	$18.34 Billion
Changjiang Securities Co Ltd (000783)	$9.12 Billion	15.04%	2.88x	$6.47 Billion
Shanxi Securities Co Ltd (002500)	$13.26 Billion	3.08%	2.89x	$2.97 Billion
Western Securities Co Ltd (002673)	$26.11 Billion	4.28%	1.45x	$4.70 Billion
Huaxi Securities Co Ltd Class A (002926)	$12.82 Billion	7.95%	2.94x	$3.35 Billion

About Zhongtai Securities Co Ltd

SHG:600918 China Capital Markets

Market Cap

$6.98 Billion

CN¥47.67 Billion CNY

Market Cap Rank

#2863 Global

#378 in China

Share Price

CN¥6.02

Change (1 day)

+0.33%

52-Week Range

CN¥5.94 - CN¥7.36

All Time High

CN¥21.14