China Securities Co Ltd (601066) - Net Assets

Latest as of September 2025: CN¥81.88 Billion CNY ≈ $11.98 Billion USD

Based on the latest financial reports, China Securities Co Ltd (601066) has net assets worth CN¥81.88 Billion CNY (≈ $11.98 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¥662.76 Billion ≈ $96.98 Billion USD) and total liabilities (CN¥580.88 Billion ≈ $85.00 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 China Securities Co Ltd asset resilience ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric Value
Current Net Assets CN¥81.88 Billion
% of Total Assets 12.35%
Annual Growth Rate 21.82%
5-Year Change 56.48%
10-Year Change 252.91%
Growth Volatility 24.45

China Securities Co Ltd - Net Assets Trend (2005–2024)

This chart illustrates how China Securities Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore 601066 current and non-current assets for the complete picture of this company's asset base.

Annual Net Assets for China Securities Co Ltd (2005–2024)

The table below shows the annual net assets of China Securities Co Ltd from 2005 to 2024. For live valuation and market cap data, see China Securities Co Ltd (601066) market capitalisation.

Year Net Assets Change
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 3043435662070.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings CN¥30.24 Billion 28.40%
Common Stock CN¥7.76 Billion 7.29%
Other Comprehensive Income CN¥31.34 Billion 29.43%
Other Components CN¥37.14 Billion 34.88%
Total Equity CN¥106.47 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
Omnicom Group Inc
NYSE:OMC
 $21.92 Billion
Yuanta Financial Holdings Co Ltd
TW:2885
 $21.92 Billion
NiSource Inc
NYSE:NI
 $21.94 Billion
Telenor ASA
OL:TEL
 $21.95 Billion
Adani Green Energy Limited
NSE:ADANIGREEN
 $21.86 Billion
POP MART INT.GRP.DL-0001
F:735
 $21.78 Billion
VONOVIA SE ADR 1/2/O.N
F:VNAA
 $21.78 Billion
Coles Group Ltd
AU:COL
 $21.77 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 2023 to 2024, total equity changed from 97,478,047,000 to 106,468,734,000, a change of 8,990,687,000 (9.2%).
  • Net income of 7,223,221,000 contributed positively to equity growth.
  • Dividend payments of 7,901,459,000 reduced retained earnings.
  • Share repurchases of 5,000,000,000 reduced equity.
  • Other comprehensive income increased equity by 8,086,856,208.
  • Other factors increased equity by 6,582,068,792.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income CN¥7.22 Billion +6.78%
Dividends Paid CN¥7.90 Billion -7.42%
Share Repurchases CN¥5.00 Billion -4.7%
Other Comprehensive Income CN¥8.09 Billion +7.6%
Other Changes CN¥6.58 Billion +6.18%
Total Change CN¥- 9.22%

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: 1.68x
  • 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 55.86x to 1.68x 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¥23.00 x
2006-12-31 CN¥0.45 CN¥23.00 x
2007-12-31 CN¥0.88 CN¥23.00 x
2008-12-31 CN¥0.86 CN¥23.00 x
2009-12-31 CN¥1.20 CN¥23.00 x
2010-12-31 CN¥1.55 CN¥23.00 x
2011-12-31 CN¥1.73 CN¥23.00 x
2012-12-31 CN¥1.96 CN¥23.00 x
2013-12-31 CN¥2.15 CN¥23.00 x
2014-12-31 CN¥2.74 CN¥23.00 x
2015-12-31 CN¥4.77 CN¥23.00 x
2016-12-31 CN¥6.32 CN¥23.00 x
2017-12-31 CN¥5.56 CN¥23.00 x
2018-12-31 CN¥5.86 CN¥23.00 x
2019-12-31 CN¥7.40 CN¥23.00 x
2020-12-31 CN¥8.86 CN¥23.00 x
2021-12-31 CN¥10.29 CN¥23.00 x
2022-12-31 CN¥12.02 CN¥23.00 x
2023-12-31 CN¥12.57 CN¥23.00 x
2024-12-31 CN¥13.73 CN¥23.00 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): 6.78%
  • The company has moderate efficiency in generating returns from equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 34.80%
  • • Asset Turnover: 0.04x
  • • Equity Multiplier: 5.32x
  • Recent ROE (6.78%) is below the historical average (15.70%), 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

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: $16,008,750,561
  • Average return on equity (ROE) among peers: 4.19%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
China Securities Co Ltd (601066) CN¥81.88 Billion -7.80% 7.09x $21.86 Billion
Shenwan Hongyuan Group Co Ltd (000166) $71.20 Billion 5.84% 3.88x $15.63 Billion
Northeast Securities Co Ltd (000686) $3.47 Billion 15.20% 4.64x $2.97 Billion
Guangdong Golden Dragon Development Inc (000712) $463.73 Million 2.66% 1.76x $1.37 Billion
Guoyuan Securities Co Ltd (000728) $915.13 Million -18.27% 0.81x $4.69 Billion
Sealand Securities Co Ltd (000750) $395.63 Million 10.27% 0.14x $3.65 Billion
GF Securities Co Ltd (000776) $224.95 Million 6.93% 0.77x $18.34 Billion
Changjiang Securities Co Ltd (000783) $12.69 Billion 7.93% 1.49x $6.47 Billion
Shanxi Securities Co Ltd (002500) $18.15 Billion 3.41% 3.27x $2.97 Billion
Western Securities Co Ltd (002673) $29.02 Billion 4.84% 2.31x $4.70 Billion
Huaxi Securities Co Ltd Class A (002926) $23.56 Billion 3.09% 3.26x $3.35 Billion

About China Securities Co Ltd

SHG:601066 China Capital Markets
Market Cap
$21.86 Billion
CN¥149.40 Billion CNY
Market Cap Rank
#1163 Global
#90 in China
Share Price
CN¥23.00
Change (1 day)
+4.07%
52-Week Range
CN¥20.97 - CN¥28.36
All Time High
CN¥57.11
Categories
Companies in China Capital Markets
About

CSC Financial Co., Ltd., together with its subsidiaries, provides investment banking services in Mainland China and internationally. The company operates through four segments: Investment Banking, Wealth Management, Trading and Institutional Customer Service, and Asset Management. The company offers securities brokerage, securities investment consultancy, financial advisory relating to securities… Read more