Yongan Futures Co.Ltd. (600927) - Net Assets
Based on the latest financial reports, Yongan Futures Co.Ltd. (600927) has net assets worth CN¥13.15 Billion CNY (≈ $1.92 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¥70.72 Billion ≈ $10.35 Billion USD) and total liabilities (CN¥57.57 Billion ≈ $8.42 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. Check 600927 asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥13.15 Billion |
| % of Total Assets | 18.59% |
| Annual Growth Rate | 21.77% |
| 5-Year Change | 64.23% |
| 10-Year Change | 205.37% |
| Growth Volatility | 36.46 |
Yongan Futures Co.Ltd. - Net Assets Trend (2013–2024)
This chart illustrates how Yongan Futures Co.Ltd.'s net assets have evolved over time, based on quarterly financial data. Also explore Yongan Futures Co.Ltd. assets under control for the complete picture of this company's asset base.
Annual Net Assets for Yongan Futures Co.Ltd. (2013–2024)
The table below shows the annual net assets of Yongan Futures Co.Ltd. from 2013 to 2024. For live valuation and market cap data, see Yongan Futures Co.Ltd. market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥12.81 Billion ≈ $1.87 Billion |
+3.32% |
| 2023-12-31 | CN¥12.39 Billion ≈ $1.81 Billion |
+3.71% |
| 2022-12-31 | CN¥11.95 Billion ≈ $1.75 Billion |
+3.16% |
| 2021-12-31 | CN¥11.59 Billion ≈ $1.70 Billion |
+48.57% |
| 2020-12-31 | CN¥7.80 Billion ≈ $1.14 Billion |
+13.61% |
| 2019-12-31 | CN¥6.86 Billion ≈ $1.00 Billion |
+14.45% |
| 2018-12-31 | CN¥6.00 Billion ≈ $877.63 Million |
+8.22% |
| 2017-12-31 | CN¥5.54 Billion ≈ $810.98 Million |
+16.27% |
| 2016-12-31 | CN¥4.77 Billion ≈ $697.51 Million |
+13.66% |
| 2015-12-31 | CN¥4.19 Billion ≈ $613.68 Million |
+134.25% |
| 2014-12-31 | CN¥1.79 Billion ≈ $261.98 Million |
+22.00% |
| 2013-12-31 | CN¥1.47 Billion ≈ $214.74 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Yongan Futures 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 2062.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥5.92 Billion | 46.22% |
| Common Stock | CN¥1.46 Billion | 11.37% |
| Other Components | CN¥5.43 Billion | 42.41% |
| Total Equity | CN¥12.81 Billion | 100.00% |
Yongan Futures Co.Ltd. Competitors by Market Cap
The table below lists competitors of Yongan Futures Co.Ltd. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Suzhou Recodeal Interconnect System Co Ltd
SHG:688800
|
$3.16 Billion |
|
Titan Wind Energy Suzhou
SHE:002531
|
$3.16 Billion |
|
Anhui Conch Cement Company Limited
F:AQE
|
$3.16 Billion |
|
GoTo Gojek Tokopedia PT
JK:GOTO
|
$3.16 Billion |
|
Turkiye Sise ve Cam Fabrikalari AS
IS:SISE
|
$3.16 Billion |
|
TOMRA SYSTEMS ADR/1 NK 1
F:TMR0
|
$3.15 Billion |
|
Erasca Inc
NASDAQ:ERAS
|
$3.15 Billion |
|
Cheng Shin Rubber Ind. Co Ltd
TW:2105
|
$3.15 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Yongan Futures Co.Ltd.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 12,394,962,351 to 12,806,383,000, a change of 411,420,649 (3.3%).
- Net income of 575,102,455 contributed positively to equity growth.
- Dividend payments of 213,489,329 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥575.10 Million | +4.49% |
| Dividends Paid | CN¥213.49 Million | -1.67% |
| Other Changes | CN¥49.81 Million | +0.39% |
| Total Change | CN¥- | 3.32% |
Book Value vs Market Value Analysis
This analysis compares Yongan Futures 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: 1.66x
- 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 8.95x to 1.66x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-12-31 | CN¥1.66 | CN¥14.82 | x |
| 2014-12-31 | CN¥2.02 | CN¥14.82 | x |
| 2015-12-31 | CN¥4.70 | CN¥14.82 | x |
| 2016-12-31 | CN¥3.60 | CN¥14.82 | x |
| 2017-12-31 | CN¥4.25 | CN¥14.82 | x |
| 2018-12-31 | CN¥4.61 | CN¥14.82 | x |
| 2019-12-31 | CN¥5.21 | CN¥14.82 | x |
| 2020-12-31 | CN¥5.92 | CN¥14.82 | x |
| 2021-12-31 | CN¥8.87 | CN¥14.82 | x |
| 2022-12-31 | CN¥8.18 | CN¥14.82 | x |
| 2023-12-31 | CN¥8.51 | CN¥14.82 | x |
| 2024-12-31 | CN¥8.91 | CN¥14.82 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Yongan Futures 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): 4.49%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.62%
- • Asset Turnover: 0.32x
- • Equity Multiplier: 5.40x
- Recent ROE (4.49%) is below the historical average (12.06%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 15.10% | 24.80% | 0.08x | 8.04x | CN¥73.84 Million |
| 2014 | 17.84% | 12.53% | 0.14x | 10.14x | CN¥137.74 Million |
| 2015 | 11.91% | 10.97% | 0.18x | 6.14x | CN¥76.67 Million |
| 2016 | 12.77% | 8.94% | 0.22x | 6.59x | CN¥131.88 Million |
| 2017 | 16.01% | 9.37% | 0.31x | 5.49x | CN¥333.32 Million |
| 2018 | 14.54% | 5.56% | 0.53x | 4.91x | CN¥272.44 Million |
| 2019 | 14.58% | 4.43% | 0.61x | 5.36x | CN¥314.33 Million |
| 2020 | 14.70% | 4.52% | 0.56x | 5.83x | CN¥366.20 Million |
| 2021 | 11.28% | 3.47% | 0.58x | 5.61x | CN¥147.99 Million |
| 2022 | 5.63% | 1.92% | 0.51x | 5.71x | CN¥-522.68 Million |
| 2023 | 5.88% | 3.01% | 0.34x | 5.68x | CN¥-510.92 Million |
| 2024 | 4.49% | 2.62% | 0.32x | 5.40x | CN¥-705.54 Million |
Industry Comparison
This section compares Yongan Futures Co.Ltd.'s net assets metrics with peer companies in the Capital Markets industry.
Industry Context
- Industry: Capital Markets
- Average net assets among peers: $16,765,796,924
- Average return on equity (ROE) among peers: 4.17%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Yongan Futures Co.Ltd. (600927) | CN¥13.15 Billion | 15.10% | 4.38x | $3.16 Billion |
| Shenwan Hongyuan Group Co Ltd (000166) | $128.79 Billion | 3.58% | 3.93x | $15.63 Billion |
| Northeast Securities Co Ltd (000686) | $368.07 Million | 10.49% | 0.34x | $2.97 Billion |
| Guangdong Golden Dragon Development Inc (000712) | $5.53 Billion | 3.51% | 5.03x | $1.37 Billion |
| Guoyuan Securities Co Ltd (000728) | $915.13 Million | -18.27% | 0.81x | $4.69 Billion |
| Sealand Securities Co Ltd (000750) | $712.94 Million | 0.75% | 0.42x | $3.65 Billion |
| GF Securities Co Ltd (000776) | $54.75 Million | 20.33% | 0.71x | $18.34 Billion |
| Changjiang Securities Co Ltd (000783) | $-660.08 Million | 0.00% | 0.00x | $6.47 Billion |
| Shanxi Securities Co Ltd (002500) | $6.38 Billion | 2.22% | 1.01x | $2.97 Billion |
| Western Securities Co Ltd (002673) | $3.12 Billion | 17.19% | 2.98x | $4.70 Billion |
| Huaxi Securities Co Ltd Class A (002926) | $22.44 Billion | 1.88% | 3.36x | $3.35 Billion |
About Yongan Futures Co.Ltd.
Yongan Futures Co.,Ltd., together with its subsidiaries, provides futures brokerage business in China and internationally. The company is also involved in asset management, securities, fund sales, financial, and lending business. It also provides risk management, including basis trading, over-the-counter derivatives, and market making business. The company was formerly known as Zhejiang Yongan Fu… Read more