Caitong Securities Co Ltd
Caitong Securities Co.,Ltd., together with its subsidiaries, provides securities brokerage services in China and internationally. The company is involved in securities investment consulting, self-operation, underwriting and sponsorship, trading, and lending services; financial advisors related to securities trading and securities investment activities; agency sales of securities investment funds … Read more
Caitong Securities Co Ltd (601108) - Net Assets
Latest net assets as of September 2025: CN¥36.93 Billion CNY
Based on the latest financial reports, Caitong Securities Co Ltd (601108) has net assets worth CN¥36.93 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¥148.35 Billion) and total liabilities (CN¥111.42 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¥36.93 Billion |
| % of Total Assets | 24.89% |
| Annual Growth Rate | 27.57% |
| 5-Year Change | 55.29% |
| 10-Year Change | 184.55% |
| Growth Volatility | 39.95 |
Caitong Securities Co Ltd - Net Assets Trend (2005–2024)
This chart illustrates how Caitong 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 Caitong Securities Co Ltd (2005–2024)
The table below shows the annual net assets of Caitong Securities Co Ltd from 2005 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥36.43 Billion | +5.20% |
| 2023-12-31 | CN¥34.63 Billion | +5.01% |
| 2022-12-31 | CN¥32.97 Billion | +30.76% |
| 2021-12-31 | CN¥25.22 Billion | +7.50% |
| 2020-12-31 | CN¥23.46 Billion | +9.88% |
| 2019-12-31 | CN¥21.35 Billion | +8.50% |
| 2018-12-31 | CN¥19.68 Billion | -5.45% |
| 2017-12-31 | CN¥20.81 Billion | +35.68% |
| 2016-12-31 | CN¥15.34 Billion | +19.81% |
| 2015-12-31 | CN¥12.80 Billion | +24.77% |
| 2014-12-31 | CN¥10.26 Billion | +93.27% |
| 2013-12-31 | CN¥5.31 Billion | +8.48% |
| 2012-12-31 | CN¥4.89 Billion | +4.18% |
| 2011-12-31 | CN¥4.70 Billion | +19.26% |
| 2010-12-31 | CN¥3.94 Billion | +10.60% |
| 2009-12-31 | CN¥3.56 Billion | +21.18% |
| 2008-12-31 | CN¥2.94 Billion | +85.77% |
| 2007-12-31 | CN¥1.58 Billion | +155.13% |
| 2006-12-31 | CN¥620.12 Million | +73.87% |
| 2005-12-31 | CN¥356.66 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Caitong 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 978487110084.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥9.64 Billion | 26.48% |
| Common Stock | CN¥4.64 Billion | 12.76% |
| Other Comprehensive Income | CN¥7.76 Billion | 21.33% |
| Other Components | CN¥14.36 Billion | 39.43% |
| Total Equity | CN¥36.41 Billion | 100.00% |
Caitong Securities Co Ltd Competitors by Market Cap
The table below lists competitors of Caitong Securities Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
CNPC Capital Co Ltd
SHE:000617
|
$3.22 Billion |
|
Elis S.A.
LSE:0RA8
|
$3.22 Billion |
|
Americold Realty Trust
NYSE:COLD
|
$3.22 Billion |
|
Loongson Technology Corp. Ltd. A
SHG:688047
|
$3.23 Billion |
|
Axfood AB
ST:AXFO
|
$3.22 Billion |
|
Fuchs Petrolub AG Pfd. NV
LSE:0LCR
|
$3.22 Billion |
|
Lundin Gold Inc
OTCQX:LUGDF
|
$3.22 Billion |
|
Plaza S.A
SN:MALLPLAZA
|
$3.22 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Caitong Securities Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 34,604,875,000 to 36,405,288,000, a change of 1,800,413,000 (5.2%).
- Net income of 2,339,779,520 contributed positively to equity growth.
- Dividend payments of 1,700,579,935 reduced retained earnings.
- Other comprehensive income increased equity by 803,460,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥2.34 Billion | +6.43% |
| Dividends Paid | CN¥1.70 Billion | -4.67% |
| Other Comprehensive Income | CN¥803.46 Million | +2.21% |
| Other Changes | CN¥357.75 Million | +0.98% |
| Total Change | CN¥- | 5.20% |
Book Value vs Market Value Analysis
This analysis compares Caitong 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: 1.09x
- 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 42.20x to 1.09x 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¥0.20 | CN¥8.30 | x |
| 2006-12-31 | CN¥0.34 | CN¥8.30 | x |
| 2007-12-31 | CN¥0.79 | CN¥8.30 | x |
| 2008-12-31 | CN¥1.52 | CN¥8.30 | x |
| 2009-12-31 | CN¥1.83 | CN¥8.30 | x |
| 2010-12-31 | CN¥1.92 | CN¥8.30 | x |
| 2011-12-31 | CN¥2.28 | CN¥8.30 | x |
| 2012-12-31 | CN¥2.33 | CN¥8.30 | x |
| 2013-12-31 | CN¥1.29 | CN¥8.30 | x |
| 2014-12-31 | CN¥2.68 | CN¥8.30 | x |
| 2015-12-31 | CN¥3.81 | CN¥8.30 | x |
| 2016-12-31 | CN¥4.48 | CN¥8.30 | x |
| 2017-12-31 | CN¥5.94 | CN¥8.30 | x |
| 2018-12-31 | CN¥5.04 | CN¥8.30 | x |
| 2019-12-31 | CN¥5.67 | CN¥8.30 | x |
| 2020-12-31 | CN¥6.23 | CN¥8.30 | x |
| 2021-12-31 | CN¥6.37 | CN¥8.30 | x |
| 2022-12-31 | CN¥7.38 | CN¥8.30 | x |
| 2023-12-31 | CN¥7.22 | CN¥8.30 | x |
| 2024-12-31 | CN¥7.62 | CN¥8.30 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Caitong 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): 6.43%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 30.60%
- • Asset Turnover: 0.05x
- • Equity Multiplier: 3.97x
- Recent ROE (6.43%) is below the historical average (9.67%), 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 | -19.42% | -137.65% | 0.07x | 2.04x | CN¥-104.95 Million |
| 2006 | 11.88% | 36.20% | 0.05x | 6.64x | CN¥11.64 Million |
| 2007 | 49.94% | 43.67% | 0.15x | 7.69x | CN¥570.08 Million |
| 2008 | 17.20% | 42.85% | 0.11x | 3.67x | CN¥198.00 Million |
| 2009 | 17.99% | 34.97% | 0.09x | 5.73x | CN¥265.57 Million |
| 2010 | 2.43% | 4.72% | 0.08x | 6.83x | CN¥-263.88 Million |
| 2011 | 1.08% | 3.65% | 0.07x | 4.29x | CN¥-368.07 Million |
| 2012 | 2.33% | 7.02% | 0.08x | 4.22x | CN¥-323.60 Million |
| 2013 | 7.20% | 14.60% | 0.09x | 5.35x | CN¥-126.66 Million |
| 2014 | 9.14% | 19.32% | 0.09x | 5.53x | CN¥-80.84 Million |
| 2015 | 24.30% | 30.46% | 0.16x | 5.07x | CN¥1.81 Billion |
| 2016 | 11.71% | 46.47% | 0.07x | 3.59x | CN¥261.27 Million |
| 2017 | 7.23% | 42.70% | 0.06x | 2.78x | CN¥-575.09 Million |
| 2018 | 4.16% | 20.11% | 0.07x | 2.98x | CN¥-1.15 Billion |
| 2019 | 8.78% | 34.03% | 0.08x | 3.05x | CN¥-260.88 Million |
| 2020 | 9.77% | 31.84% | 0.07x | 4.12x | CN¥-53.18 Million |
| 2021 | 10.18% | 34.84% | 0.07x | 4.38x | CN¥45.67 Million |
| 2022 | 4.60% | 26.39% | 0.05x | 3.81x | CN¥-1.78 Billion |
| 2023 | 6.51% | 28.78% | 0.06x | 3.87x | CN¥-1.21 Billion |
| 2024 | 6.43% | 30.60% | 0.05x | 3.97x | CN¥-1.30 Billion |
Industry Comparison
This section compares Caitong Securities Co Ltd's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $3,043,707,470
- Average return on equity (ROE) among peers: 5.51%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Caitong Securities Co Ltd (601108) | CN¥36.93 Billion | -19.42% | 3.02x | $3.22 Billion |
| Zhuhai Huajin Capital Co Ltd (000532) | $668.28 Million | 7.19% | 0.33x | $345.30 Million |
| Shaanxi International Trust Co Ltd (000563) | $11.80 Billion | 5.81% | 0.40x | $1.38 Billion |
| Sichuan Shuangma Cement Co Ltd (000935) | $7.55 Billion | 4.10% | 0.19x | $1.32 Billion |
| Kunwu Jiuding Investment Holdings Co Ltd (600053) | $2.78 Billion | 2.23% | 0.19x | $258.87 Million |
| Sinolink Securities Co Ltd (600109) | $199.28 Million | 6.33% | 0.72x | $3.03 Billion |
| Anhui Xinli Finance Co Ltd (600318) | $2.10 Billion | 1.36% | 0.96x | $434.82 Million |
| Shanghai AJ Group Co Ltd (600643) | $1.25 Billion | 8.42% | 0.47x | $499.52 Million |
| Shanghai Guijiu Co Ltd (600696) | $864.83 Million | 10.07% | 1.64x | $26.88 Million |
| Anxin Trust Co Ltd (600816) | $188.32 Million | 4.08% | 1.68x | $1.81 Billion |