Caitong Securities Co Ltd (601108) - Net Assets

Latest as of March 2026: CN¥38.62 Billion CNY ≈ $5.65 Billion USD

Based on the latest financial reports, Caitong Securities Co Ltd (601108) has net assets worth CN¥38.62 Billion CNY (≈ $5.65 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¥177.42 Billion ≈ $25.96 Billion USD) and total liabilities (CN¥138.80 Billion ≈ $20.31 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 601108 tangible net worth ratio to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥38.62 Billion
% of Total Assets	21.77%
Annual Growth Rate	26.27%
5-Year Change	50.08%
10-Year Change	146.74%
Growth Volatility	39.43

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

This chart illustrates how Caitong Securities Co Ltd's net assets have evolved over time, based on quarterly financial data. See 601108 defensive interval ratio to measure how many days the company can operate on defensive assets alone.

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

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

Year	Net Assets	Change
2025-12-31	CN¥37.85 Billion ≈ $5.54 Billion	+3.89%
2024-12-31	CN¥36.43 Billion ≈ $5.33 Billion	+5.20%
2023-12-31	CN¥34.63 Billion ≈ $5.07 Billion	+5.01%
2022-12-31	CN¥32.97 Billion ≈ $4.83 Billion	+30.76%
2021-12-31	CN¥25.22 Billion ≈ $3.69 Billion	+7.50%
2020-12-31	CN¥23.46 Billion ≈ $3.43 Billion	+9.88%
2019-12-31	CN¥21.35 Billion ≈ $3.12 Billion	+8.50%
2018-12-31	CN¥19.68 Billion ≈ $2.88 Billion	-5.45%
2017-12-31	CN¥20.81 Billion ≈ $3.05 Billion	+35.68%
2016-12-31	CN¥15.34 Billion ≈ $2.24 Billion	+19.81%
2015-12-31	CN¥12.80 Billion ≈ $1.87 Billion	+24.77%
2014-12-31	CN¥10.26 Billion ≈ $1.50 Billion	+93.27%
2013-12-31	CN¥5.31 Billion ≈ $776.88 Million	+8.48%
2012-12-31	CN¥4.89 Billion ≈ $716.14 Million	+4.18%
2011-12-31	CN¥4.70 Billion ≈ $687.39 Million	+19.26%
2010-12-31	CN¥3.94 Billion ≈ $576.40 Million	+10.60%
2009-12-31	CN¥3.56 Billion ≈ $521.17 Million	+21.18%
2008-12-31	CN¥2.94 Billion ≈ $430.08 Million	+85.77%
2007-12-31	CN¥1.58 Billion ≈ $231.52 Million	+155.13%
2006-12-31	CN¥620.12 Million ≈ $90.74 Million	+73.87%
2005-12-31	CN¥356.66 Million ≈ $52.19 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 1085306793786.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	CN¥10.71 Billion	28.30%
Other Components	CN¥27.14 Billion	71.70%
Total Equity	CN¥37.85 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
TPG Telecom Ltd AU:TPG	$5.11 Billion
Vista Oil Gas ADR NYSE:VIST	$5.11 Billion
Century Aluminum Company NASDAQ:CENX	$5.12 Billion
Phillips Edison & Co Inc NASDAQ:PECO	$5.12 Billion
Rithm Capital Corp. NYSE:RITM	$5.11 Billion
3SBio Inc F:83B	$5.11 Billion
MINTH GRP LTD UNSP.ADR/20 F:M3I0	$5.10 Billion
Louisiana-Pacific Corporation NYSE:LPX	$5.10 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 2024 to 2025, total equity changed from 36,405,288,000 to 37,845,178,044, a change of 1,439,890,044 (4.0%).
Net income of 2,632,256,997 contributed positively to equity growth.
Dividend payments of 1,877,410,576 reduced retained earnings.
Other comprehensive income decreased equity by 7,764,688,000.
Other factors increased equity by 8,449,731,623.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	CN¥2.63 Billion	+6.96%
Dividends Paid	CN¥1.88 Billion	-4.96%
Other Comprehensive Income	CN¥-7.76 Billion	-20.52%
Other Changes	CN¥8.45 Billion	+22.33%
Total Change	CN¥-	3.96%

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: 0.92x
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 38.24x to 0.92x 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¥7.52	x
2006-12-31	CN¥0.34	CN¥7.52	x
2007-12-31	CN¥0.79	CN¥7.52	x
2008-12-31	CN¥1.52	CN¥7.52	x
2009-12-31	CN¥1.83	CN¥7.52	x
2010-12-31	CN¥1.92	CN¥7.52	x
2011-12-31	CN¥2.28	CN¥7.52	x
2012-12-31	CN¥2.33	CN¥7.52	x
2013-12-31	CN¥1.29	CN¥7.52	x
2014-12-31	CN¥2.68	CN¥7.52	x
2015-12-31	CN¥3.81	CN¥7.52	x
2016-12-31	CN¥4.48	CN¥7.52	x
2017-12-31	CN¥5.94	CN¥7.52	x
2018-12-31	CN¥5.04	CN¥7.52	x
2019-12-31	CN¥5.67	CN¥7.52	x
2020-12-31	CN¥6.23	CN¥7.52	x
2021-12-31	CN¥6.37	CN¥7.52	x
2022-12-31	CN¥7.38	CN¥7.52	x
2023-12-31	CN¥7.22	CN¥7.52	x
2024-12-31	CN¥7.62	CN¥7.52	x
2025-12-31	CN¥8.15	CN¥7.52	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): 6.96%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 41.04%
• Asset Turnover: 0.04x
• Equity Multiplier: 4.27x
Recent ROE (6.96%) is below the historical average (9.54%), 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
2025	6.96%	41.04%	0.04x	4.27x	CN¥-1.15 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: $2,265,915,433
Average return on equity (ROE) among peers: 7.36%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Caitong Securities Co Ltd (601108)	CN¥38.62 Billion	-19.42%	3.59x	$5.11 Billion
Zhuhai Huajin Capital Co Ltd (000532)	$982.51 Million	2.68%	0.26x	$590.67 Million
Shaanxi International Trust Co Ltd (000563)	$7.73 Billion	6.67%	0.23x	$2.14 Billion
Hainan Haide Industry Co Ltd (000567)	$4.14 Billion	2.91%	0.22x	$1.65 Billion
Sichuan Shuangma Cement Co Ltd (000935)	$149.91 Million	19.92%	1.09x	$2.90 Billion
Kunwu Jiuding Investment Holdings Co Ltd (600053)	$764.86 Million	0.85%	2.40x	$501.18 Million
Sinolink Securities Co Ltd (600109)	$236.40 Million	0.45%	1.31x	$4.58 Billion
Anhui Xinli Finance Co Ltd (600318)	$596.68 Million	5.77%	0.68x	$467.43 Million
Shanghai AJ Group Co Ltd (600643)	$5.16 Billion	9.93%	0.58x	$923.20 Million
Anxin Trust Co Ltd (600816)	$630.57 Million	17.08%	0.51x	$3.76 Billion

About Caitong Securities Co Ltd

SHG:601108 China Asset Management

Market Cap

$5.11 Billion

CN¥34.92 Billion CNY

Market Cap Rank

#3565 Global

#527 in China

Share Price

CN¥7.52

Change (1 day)

-4.57%

52-Week Range

CN¥7.33 - CN¥9.46

All Time High

CN¥22.32