China Securities Co Ltd (601066) - Net Assets

Latest as of March 2026: CN¥126.87 Billion CNY ≈ $18.57 Billion USD

Based on the latest financial reports, China Securities Co Ltd (601066) has net assets worth CN¥126.87 Billion CNY (≈ $18.57 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¥779.61 Billion ≈ $114.08 Billion USD) and total liabilities (CN¥652.74 Billion ≈ $95.52 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 total assets of China Securities Co Ltd for the complete picture of this company's asset base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥126.87 Billion
% of Total Assets	16.27%
Annual Growth Rate	19.13%
5-Year Change	3.75%
10-Year Change	101.16%
Growth Volatility	25.84

China Securities Co Ltd - Net Assets Trend (2005–2025)

This chart illustrates how China Securities Co Ltd's net assets have evolved over time, based on quarterly financial data. Check tangible net worth ratio of China Securities Co Ltd to evaluate the tangible quality of the company's equity base.

Annual Net Assets for China Securities Co Ltd (2005–2025)

The table below shows the annual net assets of China Securities Co Ltd from 2005 to 2025. For live valuation and market cap data, see 601066 market cap overview.

Year	Net Assets	Change
2025-12-31	CN¥83.01 Billion ≈ $12.15 Billion	-22.07%
2024-12-31	CN¥106.52 Billion ≈ $15.59 Billion	+9.22%
2023-12-31	CN¥97.53 Billion ≈ $14.27 Billion	+4.54%
2022-12-31	CN¥93.29 Billion ≈ $13.65 Billion	+16.60%
2021-12-31	CN¥80.01 Billion ≈ $11.71 Billion	+17.53%
2020-12-31	CN¥68.07 Billion ≈ $9.96 Billion	+19.64%
2019-12-31	CN¥56.89 Billion ≈ $8.33 Billion	+18.87%
2018-12-31	CN¥47.86 Billion ≈ $7.00 Billion	+8.78%
2017-12-31	CN¥44.00 Billion ≈ $6.44 Billion	+6.63%
2016-12-31	CN¥41.26 Billion ≈ $6.04 Billion	+36.71%
2015-12-31	CN¥30.18 Billion ≈ $4.42 Billion	+80.43%
2014-12-31	CN¥16.73 Billion ≈ $2.45 Billion	+27.17%
2013-12-31	CN¥13.15 Billion ≈ $1.92 Billion	+10.21%
2012-12-31	CN¥11.94 Billion ≈ $1.75 Billion	+13.67%
2011-12-31	CN¥10.50 Billion ≈ $1.54 Billion	+11.39%
2010-12-31	CN¥9.43 Billion ≈ $1.38 Billion	+28.94%
2009-12-31	CN¥7.31 Billion ≈ $1.07 Billion	+40.21%
2008-12-31	CN¥5.21 Billion ≈ $762.95 Million	-2.81%
2007-12-31	CN¥5.36 Billion ≈ $785.04 Million	+95.14%
2006-12-31	CN¥2.75 Billion ≈ $402.31 Million	+9.71%
2005-12-31	CN¥2.51 Billion ≈ $366.69 Million	--

Equity Component Analysis

This analysis shows how different components contribute to China 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 3376641162070.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	CN¥33.57 Billion	40.47%
Common Stock	CN¥7.76 Billion	9.35%
Other Comprehensive Income	CN¥29.30 Billion	35.32%
Other Components	CN¥12.33 Billion	14.86%
Total Equity	CN¥82.96 Billion	100.00%

China Securities Co Ltd Competitors by Market Cap

The table below lists competitors of China Securities Co Ltd ranked by their market capitalization.

Company	Market Cap
Naturgy Energy Group SA MC:NTGY	$24.77 Billion
A.P. Møller - Mærsk A/S CO:MAERSK-A	$24.80 Billion
SAMPO OYJ (SDR)/1 F:SMP	$24.86 Billion
NRG Energy Inc. NYSE:NRG	$24.92 Billion
Roblox Corp NYSE:RBLX	$24.75 Billion
Coterra Energy Inc NYSE:CTRA	$24.72 Billion
ANTA Sports Products Limited F:AS7	$24.66 Billion
adidas AG F:ADS1	$24.65 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in China Securities Co Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 106,468,734,000 to 82,956,638,000, a change of -23,512,096,000 (-22.1%).
Net income of 9,439,424,000 contributed positively to equity growth.
Dividend payments of 2,559,709,000 reduced retained earnings.
Other comprehensive income decreased equity by 2,035,009,000.
Other factors decreased equity by 28,356,802,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	CN¥9.44 Billion	+11.38%
Dividends Paid	CN¥2.56 Billion	-3.09%
Other Comprehensive Income	CN¥-2.04 Billion	-2.45%
Other Changes	CN¥-28.36 Billion	-34.18%
Total Change	CN¥-	-22.08%

Book Value vs Market Value Analysis

This analysis compares China 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: 2.72x
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 63.24x to 2.72x 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¥0.41	CN¥26.04	x
2006-12-31	CN¥0.45	CN¥26.04	x
2007-12-31	CN¥0.88	CN¥26.04	x
2008-12-31	CN¥0.86	CN¥26.04	x
2009-12-31	CN¥1.20	CN¥26.04	x
2010-12-31	CN¥1.55	CN¥26.04	x
2011-12-31	CN¥1.73	CN¥26.04	x
2012-12-31	CN¥1.96	CN¥26.04	x
2013-12-31	CN¥2.15	CN¥26.04	x
2014-12-31	CN¥2.74	CN¥26.04	x
2015-12-31	CN¥4.77	CN¥26.04	x
2016-12-31	CN¥6.32	CN¥26.04	x
2017-12-31	CN¥5.56	CN¥26.04	x
2018-12-31	CN¥5.86	CN¥26.04	x
2019-12-31	CN¥7.40	CN¥26.04	x
2020-12-31	CN¥8.86	CN¥26.04	x
2021-12-31	CN¥10.29	CN¥26.04	x
2022-12-31	CN¥12.02	CN¥26.04	x
2023-12-31	CN¥12.57	CN¥26.04	x
2024-12-31	CN¥13.73	CN¥26.04	x
2025-12-31	CN¥9.58	CN¥26.04	x

Capital Efficiency Dashboard

This dashboard shows how efficiently China 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): 11.38%
The company shows good efficiency in utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 27.38%
• Asset Turnover: 0.05x
• Equity Multiplier: 8.16x
Recent ROE (11.38%) is below the historical average (15.50%), 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	-7.80%	-502.28%	0.00x	3.69x	CN¥-445.88 Million
2006	11.46%	18.64%	0.07x	8.44x	CN¥40.06 Million
2007	45.67%	31.65%	0.12x	11.89x	CN¥1.91 Billion
2008	33.35%	42.10%	0.12x	6.87x	CN¥1.22 Billion
2009	35.80%	41.63%	0.10x	9.03x	CN¥1.89 Billion
2010	22.92%	37.80%	0.08x	7.23x	CN¥1.22 Billion
2011	11.54%	30.29%	0.08x	4.62x	CN¥161.60 Million
2012	11.25%	30.30%	0.09x	4.18x	CN¥148.66 Million
2013	13.65%	31.63%	0.08x	5.15x	CN¥477.86 Million
2014	20.44%	39.68%	0.07x	7.40x	CN¥1.74 Billion
2015	28.69%	45.44%	0.10x	6.08x	CN¥5.63 Billion
2016	12.81%	39.66%	0.07x	4.42x	CN¥1.15 Billion
2017	9.18%	26.37%	0.07x	4.71x	CN¥-359.98 Million
2018	6.49%	29.22%	0.05x	4.10x	CN¥-1.67 Billion
2019	9.72%	29.93%	0.06x	5.05x	CN¥-156.50 Million
2020	14.04%	38.26%	0.07x	5.48x	CN¥2.74 Billion
2021	12.83%	27.59%	0.08x	5.67x	CN¥2.26 Billion
2022	8.06%	21.67%	0.07x	5.47x	CN¥-1.81 Billion
2023	7.22%	30.45%	0.04x	5.36x	CN¥-2.71 Billion
2024	6.78%	34.80%	0.04x	5.32x	CN¥-3.42 Billion
2025	11.38%	27.38%	0.05x	8.16x	CN¥1.14 Billion

Industry Comparison

This section compares China 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: $29,139,644,476
Average return on equity (ROE) among peers: 7.80%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
China Securities Co Ltd (601066)	CN¥126.87 Billion	-7.80%	5.14x	$24.75 Billion
Shenwan Hongyuan Group Co Ltd (000166)	$15.03 Billion	26.41%	4.76x	$14.97 Billion
Northeast Securities Co Ltd (000686)	$3.47 Billion	15.20%	4.64x	$2.76 Billion
Guangdong Golden Dragon Development Inc (000712)	$5.25 Billion	-2.51%	2.98x	$1.23 Billion
Guoyuan Securities Co Ltd (000728)	$34.60 Billion	5.40%	2.84x	$4.60 Billion
Sealand Securities Co Ltd (000750)	$323.04 Million	-2.76%	1.28x	$3.54 Billion
GF Securities Co Ltd (000776)	$162.46 Billion	8.43%	5.00x	$18.09 Billion
Changjiang Securities Co Ltd (000783)	$2.19 Billion	9.54%	0.30x	$7.32 Billion
Shanxi Securities Co Ltd (002500)	$17.71 Billion	4.54%	3.31x	$2.81 Billion
Western Securities Co Ltd (002673)	$29.02 Billion	4.84%	2.31x	$4.41 Billion
Huaxi Securities Co Ltd Class A (002926)	$21.37 Billion	8.89%	2.62x	$3.17 Billion

About China Securities Co Ltd

SHG:601066 China Capital Markets

Market Cap

$24.75 Billion

CN¥169.15 Billion CNY

Market Cap Rank

#1080 Global

#78 in China

Share Price

CN¥26.04

Change (1 day)

+0.35%

52-Week Range

CN¥20.97 - CN¥30.25

All Time High

CN¥57.11