Industrial Securities Co Ltd (601377) - Net Assets
Based on the latest financial reports, Industrial Securities Co Ltd (601377) has net assets worth CN¥67.59 Billion CNY (≈ $9.89 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¥365.52 Billion ≈ $53.49 Billion USD) and total liabilities (CN¥297.93 Billion ≈ $43.60 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 601377 tangible net assets ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥67.59 Billion |
| % of Total Assets | 18.49% |
| Annual Growth Rate | 16.37% |
| 5-Year Change | 34.47% |
| 10-Year Change | 77.82% |
| Growth Volatility | 22.4 |
Industrial Securities Co Ltd - Net Assets Trend (2007–2025)
This chart illustrates how Industrial Securities Co Ltd's net assets have evolved over time, based on quarterly financial data. See Industrial Securities Co Ltd liquidity coverage in days to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Industrial Securities Co Ltd (2007–2025)
The table below shows the annual net assets of Industrial Securities Co Ltd from 2007 to 2025. For live valuation and market cap data, see how much is Industrial Securities Co Ltd worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥60.99 Billion ≈ $8.92 Billion |
-3.07% |
| 2024-12-31 | CN¥62.92 Billion ≈ $9.21 Billion |
+3.20% |
| 2023-12-31 | CN¥60.97 Billion ≈ $8.92 Billion |
+7.27% |
| 2022-12-31 | CN¥56.84 Billion ≈ $8.32 Billion |
+25.32% |
| 2021-12-31 | CN¥45.36 Billion ≈ $6.64 Billion |
+11.07% |
| 2020-12-31 | CN¥40.84 Billion ≈ $5.98 Billion |
+10.30% |
| 2019-12-31 | CN¥37.02 Billion ≈ $5.42 Billion |
+4.46% |
| 2018-12-31 | CN¥35.44 Billion ≈ $5.19 Billion |
-1.21% |
| 2017-12-31 | CN¥35.88 Billion ≈ $5.25 Billion |
+4.61% |
| 2016-12-31 | CN¥34.30 Billion ≈ $5.02 Billion |
+77.82% |
| 2015-12-31 | CN¥19.29 Billion ≈ $2.82 Billion |
+26.68% |
| 2014-12-31 | CN¥15.23 Billion ≈ $2.23 Billion |
+13.34% |
| 2013-12-31 | CN¥13.43 Billion ≈ $1.97 Billion |
+48.08% |
| 2012-12-31 | CN¥9.07 Billion ≈ $1.33 Billion |
+3.49% |
| 2011-12-31 | CN¥8.77 Billion ≈ $1.28 Billion |
+0.21% |
| 2010-12-31 | CN¥8.75 Billion ≈ $1.28 Billion |
+63.57% |
| 2009-12-31 | CN¥5.35 Billion ≈ $782.52 Million |
+25.52% |
| 2008-12-31 | CN¥4.26 Billion ≈ $623.44 Million |
+7.00% |
| 2007-12-31 | CN¥3.98 Billion ≈ $582.64 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Industrial 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 991.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥12.26 Billion | 21.91% |
| Common Stock | CN¥8.64 Billion | 15.44% |
| Other Comprehensive Income | CN¥12.43 Billion | 22.23% |
| Other Components | CN¥22.61 Billion | 40.42% |
| Total Equity | CN¥55.94 Billion | 100.00% |
Industrial Securities Co Ltd Competitors by Market Cap
The table below lists competitors of Industrial Securities Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Oil India Limited
NSE:OIL
|
$7.36 Billion |
|
FirstCash Inc
NASDAQ:FCFS
|
$7.36 Billion |
|
Valley National Bancorp
NASDAQ:VLY
|
$7.36 Billion |
|
Aurubis AG
XETRA:NDA
|
$7.37 Billion |
|
BKW AG
SW:BKW
|
$7.34 Billion |
|
Sunny Optical Technology (Group) Company Limited
F:SXC
|
$7.33 Billion |
|
IDFC First Bank Limited
NSE:IDFCFIRSTB
|
$7.32 Billion |
|
Silicon Motion Technology Corporation
F:S9M
|
$7.32 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Industrial Securities Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 57,815,007,739 to 55,937,873,000, a change of -1,877,134,739 (-3.2%).
- Net income of 2,870,360,000 contributed positively to equity growth.
- Dividend payments of 1,295,398,000 reduced retained earnings.
- Other comprehensive income increased equity by 12,432,847,000.
- Other factors decreased equity by 15,884,943,739.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥2.87 Billion | +5.13% |
| Dividends Paid | CN¥1.30 Billion | -2.32% |
| Other Comprehensive Income | CN¥12.43 Billion | +22.23% |
| Other Changes | CN¥-15.88 Billion | -28.4% |
| Total Change | CN¥- | -3.25% |
Book Value vs Market Value Analysis
This analysis compares Industrial 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: 0.94x
- 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 6.36x to 0.94x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2007-12-31 | CN¥0.91 | CN¥5.82 | x |
| 2008-12-31 | CN¥0.96 | CN¥5.82 | x |
| 2009-12-31 | CN¥1.19 | CN¥5.82 | x |
| 2010-12-31 | CN¥1.88 | CN¥5.82 | x |
| 2011-12-31 | CN¥1.75 | CN¥5.82 | x |
| 2012-12-31 | CN¥1.82 | CN¥5.82 | x |
| 2013-12-31 | CN¥2.45 | CN¥5.82 | x |
| 2014-12-31 | CN¥2.53 | CN¥5.82 | x |
| 2015-12-31 | CN¥3.20 | CN¥5.82 | x |
| 2016-12-31 | CN¥4.61 | CN¥5.82 | x |
| 2017-12-31 | CN¥4.77 | CN¥5.82 | x |
| 2018-12-31 | CN¥4.63 | CN¥5.82 | x |
| 2019-12-31 | CN¥4.93 | CN¥5.82 | x |
| 2020-12-31 | CN¥5.41 | CN¥5.82 | x |
| 2021-12-31 | CN¥5.90 | CN¥5.82 | x |
| 2022-12-31 | CN¥6.94 | CN¥5.82 | x |
| 2023-12-31 | CN¥6.53 | CN¥5.82 | x |
| 2024-12-31 | CN¥6.41 | CN¥5.82 | x |
| 2025-12-31 | CN¥6.16 | CN¥5.82 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Industrial 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): 5.13%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 15.81%
- • Asset Turnover: 0.05x
- • Equity Multiplier: 6.17x
- Recent ROE (5.13%) is below the historical average (10.55%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | 52.82% | 42.64% | 0.23x | 5.41x | CN¥1.65 Billion |
| 2008 | 6.60% | 19.95% | 0.10x | 3.27x | CN¥-137.04 Million |
| 2009 | 22.83% | 36.64% | 0.12x | 5.02x | CN¥649.24 Million |
| 2010 | 9.38% | 27.83% | 0.09x | 3.64x | CN¥-52.38 Million |
| 2011 | 5.17% | 18.80% | 0.11x | 2.60x | CN¥-407.30 Million |
| 2012 | 5.47% | 17.69% | 0.12x | 2.61x | CN¥-394.60 Million |
| 2013 | 5.15% | 21.61% | 0.09x | 2.79x | CN¥-630.72 Million |
| 2014 | 12.13% | 31.75% | 0.08x | 5.01x | CN¥313.33 Million |
| 2015 | 22.51% | 36.12% | 0.10x | 6.15x | CN¥2.32 Billion |
| 2016 | 6.46% | 27.00% | 0.06x | 4.31x | CN¥-1.12 Billion |
| 2017 | 6.84% | 18.90% | 0.08x | 4.58x | CN¥-1.06 Billion |
| 2018 | 0.41% | 1.29% | 0.07x | 4.76x | CN¥-3.13 Billion |
| 2019 | 5.12% | 10.01% | 0.10x | 4.96x | CN¥-1.68 Billion |
| 2020 | 10.61% | 19.42% | 0.11x | 4.82x | CN¥229.46 Million |
| 2021 | 11.52% | 21.66% | 0.10x | 5.28x | CN¥624.13 Million |
| 2022 | 5.05% | 19.41% | 0.06x | 4.70x | CN¥-2.59 Billion |
| 2023 | 3.48% | 14.05% | 0.05x | 4.85x | CN¥-3.67 Billion |
| 2024 | 3.74% | 13.59% | 0.05x | 5.21x | CN¥-3.62 Billion |
| 2025 | 5.13% | 15.81% | 0.05x | 6.17x | CN¥-2.72 Billion |
Industry Comparison
This section compares Industrial 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: $19,065,823,524
- Average return on equity (ROE) among peers: 13.59%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Industrial Securities Co Ltd (601377) | CN¥67.59 Billion | 52.82% | 4.41x | $7.35 Billion |
| Shenwan Hongyuan Group Co Ltd (000166) | $3.11 Billion | 47.71% | 10.17x | $14.54 Billion |
| Northeast Securities Co Ltd (000686) | $11.83 Billion | 22.24% | 5.26x | $2.67 Billion |
| Guangdong Golden Dragon Development Inc (000712) | $448.61 Million | 5.25% | 0.60x | $1.19 Billion |
| Guoyuan Securities Co Ltd (000728) | $32.31 Billion | 5.91% | 2.55x | $4.49 Billion |
| Sealand Securities Co Ltd (000750) | $3.01 Billion | 4.43% | 2.79x | $3.36 Billion |
| GF Securities Co Ltd (000776) | $88.63 Billion | 9.70% | 3.03x | $17.83 Billion |
| Changjiang Securities Co Ltd (000783) | $1.64 Billion | 3.11% | 0.57x | $6.33 Billion |
| Shanxi Securities Co Ltd (002500) | $18.15 Billion | 3.41% | 3.27x | $2.67 Billion |
| Western Securities Co Ltd (002673) | $28.12 Billion | 4.14% | 2.42x | $4.21 Billion |
| Huaxi Securities Co Ltd Class A (002926) | $3.42 Billion | 30.03% | 4.88x | $3.05 Billion |
About Industrial Securities Co Ltd
Industrial Securities Co.,Ltd. operates as a securities company in China and internationally. It operates through Wealth Management Business, Institutional Services Business, and Proprietary Investment Business segments. The company provides securities and futures brokerage services, such as buying and selling stocks, funds, bonds, futures, options; sales of financial products; fund investment ad… Read more