Industrial Securities Co Ltd (601377) - Net Assets
Based on the latest financial reports, Industrial Securities Co Ltd (601377) has net assets worth CN¥61.59 Billion CNY (≈ $9.01 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¥316.61 Billion ≈ $46.33 Billion USD) and total liabilities (CN¥255.02 Billion ≈ $37.32 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 financial resilience of Industrial Securities Co Ltd to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥61.59 Billion |
| % of Total Assets | 19.45% |
| Annual Growth Rate | 17.63% |
| 5-Year Change | 54.08% |
| 10-Year Change | 226.21% |
| Growth Volatility | 22.43 |
Industrial Securities Co Ltd - Net Assets Trend (2007–2024)
This chart illustrates how Industrial Securities Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Industrial Securities Co Ltd (601377) total assets for the complete picture of this company's asset base.
Annual Net Assets for Industrial Securities Co Ltd (2007–2024)
The table below shows the annual net assets of Industrial Securities Co Ltd from 2007 to 2024. For live valuation and market cap data, see how much is Industrial Securities Co Ltd worth.
| Year | Net Assets | Change |
|---|---|---|
| 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 955.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥11.85 Billion | 20.50% |
| Common Stock | CN¥8.64 Billion | 14.94% |
| Other Components | CN¥37.33 Billion | 64.56% |
| Total Equity | CN¥57.82 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 |
|---|---|
|
SHIMANO INC. UNSP.ADR/10
F:SHM1
|
$7.68 Billion |
|
Voestalpine AG
VI:VOE
|
$7.68 Billion |
|
China Natl Chem Engineering Co
SHG:601117
|
$7.68 Billion |
|
MITSU.CH.GRP ADR/5
F:M3C0
|
$7.69 Billion |
|
Commerce Bancshares Inc
NASDAQ:CBSH
|
$7.67 Billion |
|
Als Ltd
AU:ALQ
|
$7.67 Billion |
|
AptarGroup Inc
NYSE:ATR
|
$7.66 Billion |
|
Shenzhen Kedali Industry Co Ltd
SHE:002850
|
$7.66 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 2023 to 2024, total equity changed from 56,371,569,789 to 57,815,007,739, a change of 1,443,437,950 (2.6%).
- Net income of 2,164,048,119 contributed positively to equity growth.
- Dividend payments of 3,334,034,828 reduced retained earnings.
- Other factors increased equity by 2,613,424,659.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥2.16 Billion | +3.74% |
| Dividends Paid | CN¥3.33 Billion | -5.77% |
| Other Changes | CN¥2.61 Billion | +4.52% |
| Total Change | CN¥- | 2.56% |
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: 0.95x
- 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 6.64x to 0.95x 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¥6.07 | x |
| 2008-12-31 | CN¥0.96 | CN¥6.07 | x |
| 2009-12-31 | CN¥1.19 | CN¥6.07 | x |
| 2010-12-31 | CN¥1.88 | CN¥6.07 | x |
| 2011-12-31 | CN¥1.75 | CN¥6.07 | x |
| 2012-12-31 | CN¥1.82 | CN¥6.07 | x |
| 2013-12-31 | CN¥2.45 | CN¥6.07 | x |
| 2014-12-31 | CN¥2.53 | CN¥6.07 | x |
| 2015-12-31 | CN¥3.20 | CN¥6.07 | x |
| 2016-12-31 | CN¥4.61 | CN¥6.07 | x |
| 2017-12-31 | CN¥4.77 | CN¥6.07 | x |
| 2018-12-31 | CN¥4.63 | CN¥6.07 | x |
| 2019-12-31 | CN¥4.93 | CN¥6.07 | x |
| 2020-12-31 | CN¥5.41 | CN¥6.07 | x |
| 2021-12-31 | CN¥5.90 | CN¥6.07 | x |
| 2022-12-31 | CN¥6.94 | CN¥6.07 | x |
| 2023-12-31 | CN¥6.53 | CN¥6.07 | x |
| 2024-12-31 | CN¥6.41 | CN¥6.07 | 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): 3.74%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 13.59%
- • Asset Turnover: 0.05x
- • Equity Multiplier: 5.21x
- Recent ROE (3.74%) is below the historical average (10.85%), 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 |
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: $12,822,562,853
- Average return on equity (ROE) among peers: 7.47%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Industrial Securities Co Ltd (601377) | CN¥61.59 Billion | 52.82% | 4.14x | $7.67 Billion |
| Shenwan Hongyuan Group Co Ltd (000166) | $19.38 Billion | 9.72% | 2.65x | $15.63 Billion |
| Northeast Securities Co Ltd (000686) | $19.59 Billion | 4.46% | 3.55x | $2.97 Billion |
| Guangdong Golden Dragon Development Inc (000712) | $2.25 Billion | 1.05% | 0.21x | $1.37 Billion |
| Guoyuan Securities Co Ltd (000728) | $2.55 Billion | 21.64% | 2.23x | $4.69 Billion |
| Sealand Securities Co Ltd (000750) | $22.72 Billion | 1.44% | 2.07x | $3.65 Billion |
| GF Securities Co Ltd (000776) | $431.06 Million | 6.01% | 0.62x | $18.34 Billion |
| Changjiang Securities Co Ltd (000783) | $9.12 Billion | 15.04% | 2.88x | $6.47 Billion |
| Shanxi Securities Co Ltd (002500) | $13.26 Billion | 3.08% | 2.89x | $2.97 Billion |
| Western Securities Co Ltd (002673) | $26.11 Billion | 4.28% | 1.45x | $4.70 Billion |
| Huaxi Securities Co Ltd Class A (002926) | $12.82 Billion | 7.95% | 2.94x | $3.35 Billion |
About Industrial Securities Co Ltd
Industrial Securities Co.,Ltd. operates as a securities company in China and internationally. The company provides securities and futures brokerage, underwriting and sponsorship, investment consulting, securities proprietary trading, financial consulting, margin financing and securities lending, agency sales of funds and financial products, securities proprietary operation, financial advisory, ma… Read more