Tianfeng Securities Co Ltd (601162) - Net Assets
Based on the latest financial reports, Tianfeng Securities Co Ltd (601162) has net assets worth CN¥27.83 Billion CNY (≈ $4.07 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¥94.97 Billion ≈ $13.90 Billion USD) and total liabilities (CN¥67.14 Billion ≈ $9.82 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 Tianfeng Securities Co Ltd tangible equity quality to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥27.83 Billion |
| % of Total Assets | 29.3% |
| Annual Growth Rate | 22.9% |
| 5-Year Change | 7.88% |
| 10-Year Change | 18.64% |
| Growth Volatility | 66.58 |
Tianfeng Securities Co Ltd - Net Assets Trend (2005–2025)
This chart illustrates how Tianfeng Securities Co Ltd's net assets have evolved over time, based on quarterly financial data. See how many days can Tianfeng Securities Co Ltd fund operations to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Tianfeng Securities Co Ltd (2005–2025)
The table below shows the annual net assets of Tianfeng Securities Co Ltd from 2005 to 2025. For live valuation and market cap data, see Tianfeng Securities Co Ltd stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥27.86 Billion ≈ $4.08 Billion |
+15.20% |
| 2024-12-31 | CN¥24.18 Billion ≈ $3.54 Billion |
-1.64% |
| 2023-12-31 | CN¥24.59 Billion ≈ $3.60 Billion |
+3.09% |
| 2022-12-31 | CN¥23.85 Billion ≈ $3.49 Billion |
-7.64% |
| 2021-12-31 | CN¥25.82 Billion ≈ $3.78 Billion |
+16.28% |
| 2020-12-31 | CN¥22.21 Billion ≈ $3.25 Billion |
+26.88% |
| 2019-12-31 | CN¥17.50 Billion ≈ $2.56 Billion |
-5.49% |
| 2018-12-31 | CN¥18.52 Billion ≈ $2.71 Billion |
+1.30% |
| 2017-12-31 | CN¥18.28 Billion ≈ $2.68 Billion |
-22.14% |
| 2016-12-31 | CN¥23.48 Billion ≈ $3.44 Billion |
+80.99% |
| 2015-12-31 | CN¥12.97 Billion ≈ $1.90 Billion |
+246.16% |
| 2014-12-31 | CN¥3.75 Billion ≈ $548.44 Million |
+68.79% |
| 2013-12-31 | CN¥2.22 Billion ≈ $324.92 Million |
+24.63% |
| 2012-12-31 | CN¥1.78 Billion ≈ $260.72 Million |
+61.50% |
| 2011-12-31 | CN¥1.10 Billion ≈ $161.43 Million |
+128.29% |
| 2010-12-31 | CN¥483.25 Million ≈ $70.71 Million |
+2.63% |
| 2009-12-31 | CN¥470.85 Million ≈ $68.90 Million |
+113.87% |
| 2008-12-31 | CN¥220.16 Million ≈ $32.22 Million |
+16.31% |
| 2007-12-31 | CN¥189.29 Million ≈ $27.70 Million |
+64.24% |
| 2006-12-31 | CN¥115.26 Million ≈ $16.87 Million |
-74.43% |
| 2005-12-31 | CN¥450.67 Million ≈ $65.95 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Tianfeng 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 138407369429.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.29 Billion | 4.69% |
| Other Components | CN¥26.11 Billion | 95.31% |
| Total Equity | CN¥27.39 Billion | 100.00% |
Tianfeng Securities Co Ltd Competitors by Market Cap
The table below lists competitors of Tianfeng Securities Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
RTL GROUP UNSP.ADR 10
F:RRTU
|
$4.67 Billion |
|
Petronas Dagangan Bhd
KLSE:5681
|
$4.67 Billion |
|
Perseus Mining Limited
F:P4Q
|
$4.67 Billion |
|
Cathay Biotech Inc
SHG:688065
|
$4.67 Billion |
|
Haci Omer Sabanci Holding AS
IS:SAHOL
|
$4.67 Billion |
|
Luster LightTech Co. Ltd. Cl A
SHG:688400
|
$4.66 Billion |
|
Boot Barn Holdings Inc
NYSE:BOOT
|
$4.66 Billion |
|
Wacker Chemie AG
XETRA:WCH
|
$4.66 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tianfeng Securities Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 23,416,799,759 to 27,392,084,556, a change of 3,975,284,797 (17.0%).
- Net income of 155,831,269 contributed positively to equity growth.
- Dividend payments of 1,910,702,148 reduced retained earnings.
- Other factors increased equity by 5,730,155,675.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥155.83 Million | +0.57% |
| Dividends Paid | CN¥1.91 Billion | -6.98% |
| Other Changes | CN¥5.73 Billion | +20.92% |
| Total Change | CN¥- | 16.98% |
Book Value vs Market Value Analysis
This analysis compares Tianfeng 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: 1.17x
- 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 11.43x to 1.17x 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¥0.28 | CN¥3.17 | x |
| 2006-12-31 | CN¥0.07 | CN¥3.17 | x |
| 2007-12-31 | CN¥0.12 | CN¥3.17 | x |
| 2008-12-31 | CN¥0.12 | CN¥3.17 | x |
| 2009-12-31 | CN¥0.27 | CN¥3.17 | x |
| 2010-12-31 | CN¥0.29 | CN¥3.17 | x |
| 2011-12-31 | CN¥0.67 | CN¥3.17 | x |
| 2012-12-31 | CN¥1.08 | CN¥3.17 | x |
| 2013-12-31 | CN¥0.94 | CN¥3.17 | x |
| 2014-12-31 | CN¥1.32 | CN¥3.17 | x |
| 2015-12-31 | CN¥2.07 | CN¥3.17 | x |
| 2016-12-31 | CN¥2.04 | CN¥3.17 | x |
| 2017-12-31 | CN¥2.13 | CN¥3.17 | x |
| 2018-12-31 | CN¥2.31 | CN¥3.17 | x |
| 2019-12-31 | CN¥2.07 | CN¥3.17 | x |
| 2020-12-31 | CN¥2.68 | CN¥3.17 | x |
| 2021-12-31 | CN¥3.00 | CN¥3.17 | x |
| 2022-12-31 | CN¥2.76 | CN¥3.17 | x |
| 2023-12-31 | CN¥3.08 | CN¥3.17 | x |
| 2024-12-31 | CN¥2.70 | CN¥3.17 | x |
| 2025-12-31 | CN¥2.72 | CN¥3.17 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tianfeng 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): 0.57%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.57%
- • Asset Turnover: 0.03x
- • Equity Multiplier: 3.37x
- Recent ROE (0.57%) is below the historical average (4.90%), 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 | -5.51% | -182.05% | 0.02x | 1.31x | CN¥-69.90 Million |
| 2006 | 0.28% | 0.80% | 0.10x | 3.57x | CN¥-11.20 Million |
| 2007 | 39.11% | 39.53% | 0.19x | 5.19x | CN¥55.11 Million |
| 2008 | 10.79% | 17.96% | 0.12x | 5.05x | CN¥1.52 Million |
| 2009 | 11.85% | 25.20% | 0.11x | 4.19x | CN¥8.24 Million |
| 2010 | 6.55% | 17.29% | 0.09x | 4.32x | CN¥-16.36 Million |
| 2011 | 0.99% | 5.53% | 0.03x | 6.08x | CN¥-98.53 Million |
| 2012 | 1.06% | 5.29% | 0.04x | 4.91x | CN¥-157.36 Million |
| 2013 | 5.47% | 15.08% | 0.13x | 2.79x | CN¥-83.51 Million |
| 2014 | 6.99% | 18.65% | 0.07x | 5.40x | CN¥-89.48 Million |
| 2015 | 10.21% | 29.25% | 0.08x | 4.19x | CN¥19.10 Million |
| 2016 | 6.26% | 22.42% | 0.05x | 5.28x | CN¥-400.95 Million |
| 2017 | 3.66% | 14.21% | 0.06x | 4.60x | CN¥-710.20 Million |
| 2018 | 2.46% | 6.67% | 0.08x | 4.35x | CN¥-930.52 Million |
| 2019 | 2.54% | 5.98% | 0.09x | 4.94x | CN¥-904.16 Million |
| 2020 | 2.61% | 7.75% | 0.07x | 4.69x | CN¥-1.29 Billion |
| 2021 | 2.33% | 8.58% | 0.07x | 3.84x | CN¥-1.93 Billion |
| 2022 | -6.50% | -33.05% | 0.05x | 4.25x | CN¥-3.81 Billion |
| 2023 | 1.30% | 4.97% | 0.06x | 4.21x | CN¥-2.06 Billion |
| 2024 | -0.13% | -0.55% | 0.05x | 4.18x | CN¥-2.37 Billion |
| 2025 | 0.57% | 5.57% | 0.03x | 3.37x | CN¥-2.58 Billion |
Industry Comparison
This section compares Tianfeng 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: $21,120,464,613
- Average return on equity (ROE) among peers: -5.19%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tianfeng Securities Co Ltd (601162) | CN¥27.83 Billion | -5.51% | 2.41x | $4.67 Billion |
| Shenwan Hongyuan Group Co Ltd (000166) | $84.83 Billion | 6.76% | 3.58x | $14.54 Billion |
| Northeast Securities Co Ltd (000686) | $16.15 Billion | 6.24% | 3.22x | $2.67 Billion |
| Guangdong Golden Dragon Development Inc (000712) | $5.01 Billion | 18.25% | 2.97x | $1.19 Billion |
| Guoyuan Securities Co Ltd (000728) | $20.89 Billion | 6.73% | 2.43x | $4.49 Billion |
| Sealand Securities Co Ltd (000750) | $23.44 Billion | 3.27% | 1.94x | $3.36 Billion |
| GF Securities Co Ltd (000776) | $191.66 Million | -112.19% | 1.27x | $17.83 Billion |
| Changjiang Securities Co Ltd (000783) | $30.86 Billion | 4.89% | 4.15x | $6.33 Billion |
| Shanxi Securities Co Ltd (002500) | $6.30 Billion | 3.07% | 1.08x | $2.67 Billion |
| Western Securities Co Ltd (002673) | $17.43 Billion | 1.15% | 2.00x | $4.21 Billion |
| Huaxi Securities Co Ltd Class A (002926) | $6.12 Billion | 9.97% | 1.68x | $3.05 Billion |
About Tianfeng Securities Co Ltd
Tianfeng Securities Co., Ltd. provides financial securities services in China. The company offers industry/listed company research, custom research consulting, and research findings presentation; equity and bond financing; investment consulting, financial product distribution, and margin trading; collective, targeted, and specialized asset management; and investment banks and security brokerage. … Read more