Guolian Securities Co Ltd (601456) - Net Assets
Based on the latest financial reports, Guolian Securities Co Ltd (601456) has net assets worth CN¥52.87 Billion CNY (≈ $7.74 Billion USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥203.22 Billion ≈ $29.74 Billion USD) and total liabilities (CN¥150.35 Billion ≈ $22.00 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 601456 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¥52.87 Billion |
| % of Total Assets | 26.02% |
| Annual Growth Rate | 23.93% |
| 5-Year Change | 222.77% |
| 10-Year Change | 569.6% |
| Growth Volatility | 49.52 |
Guolian Securities Co Ltd - Net Assets Trend (2012–2025)
This chart illustrates how Guolian Securities Co Ltd's net assets have evolved over time, based on quarterly financial data. See Guolian Securities Co Ltd defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Guolian Securities Co Ltd (2012–2025)
The table below shows the annual net assets of Guolian Securities Co Ltd from 2012 to 2025. For live valuation and market cap data, see 601456 stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥52.87 Billion ≈ $7.74 Billion |
+179.04% |
| 2024-12-31 | CN¥18.95 Billion ≈ $2.77 Billion |
+4.55% |
| 2023-12-31 | CN¥18.12 Billion ≈ $2.65 Billion |
+8.13% |
| 2022-12-31 | CN¥16.76 Billion ≈ $2.45 Billion |
+2.32% |
| 2021-12-31 | CN¥16.38 Billion ≈ $2.40 Billion |
+54.62% |
| 2020-12-31 | CN¥10.59 Billion ≈ $1.55 Billion |
+31.32% |
| 2019-12-31 | CN¥8.07 Billion ≈ $1.18 Billion |
+5.47% |
| 2018-12-31 | CN¥7.65 Billion ≈ $1.12 Billion |
+0.75% |
| 2017-12-31 | CN¥7.59 Billion ≈ $1.11 Billion |
-3.84% |
| 2016-12-31 | CN¥7.90 Billion ≈ $1.16 Billion |
-1.65% |
| 2015-12-31 | CN¥8.03 Billion ≈ $1.17 Billion |
+84.63% |
| 2014-12-31 | CN¥4.35 Billion ≈ $636.34 Million |
+25.66% |
| 2013-12-31 | CN¥3.46 Billion ≈ $506.38 Million |
+6.40% |
| 2012-12-31 | CN¥3.25 Billion ≈ $475.93 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Guolian 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 246.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥4.56 Billion | 8.69% |
| Common Stock | CN¥5.68 Billion | 10.82% |
| Other Comprehensive Income | CN¥5.50 Billion | 10.47% |
| Other Components | CN¥36.76 Billion | 70.02% |
| Total Equity | CN¥52.49 Billion | 100.00% |
Guolian Securities Co Ltd Competitors by Market Cap
The table below lists competitors of Guolian Securities Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Stockland
AU:SGP
|
$7.33 Billion |
|
Sunny Optical Technology (Group) Company Limited
F:SXC
|
$7.33 Billion |
|
Bank of Maharashtra
NSE:MAHABANK
|
$7.34 Billion |
|
BKW AG
SW:BKW
|
$7.34 Billion |
|
Tingyi (Cayman Islands) Holding Corp
F:TYG
|
$7.33 Billion |
|
Silicon Motion Technology Corporation
F:S9M
|
$7.32 Billion |
|
Andritz AG
VI:ANDR
|
$7.32 Billion |
|
Korean Air Lines Co
KO:003490
|
$7.31 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Guolian Securities Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 18,584,334,000 to 52,490,296,000, a change of 33,905,962,000 (182.4%).
- Net income of 2,008,916,000 contributed positively to equity growth.
- Dividend payments of 318,113,000 reduced retained earnings.
- New share issuances of 1,923,128,000 increased equity.
- Other comprehensive income increased equity by 1,320,120,000.
- Other factors increased equity by 28,971,911,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥2.01 Billion | +3.83% |
| Dividends Paid | CN¥318.11 Million | -0.61% |
| Share Issuances | CN¥1.92 Billion | +3.66% |
| Other Comprehensive Income | CN¥1.32 Billion | +2.51% |
| Other Changes | CN¥28.97 Billion | +55.19% |
| Total Change | CN¥- | 182.44% |
Book Value vs Market Value Analysis
This analysis compares Guolian 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: 1.02x
- 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 4.85x to 1.02x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | CN¥1.97 | CN¥9.56 | x |
| 2013-12-31 | CN¥2.14 | CN¥9.56 | x |
| 2014-12-31 | CN¥2.72 | CN¥9.56 | x |
| 2015-12-31 | CN¥4.64 | CN¥9.56 | x |
| 2016-12-31 | CN¥3.98 | CN¥9.56 | x |
| 2017-12-31 | CN¥3.99 | CN¥9.56 | x |
| 2018-12-31 | CN¥4.02 | CN¥9.56 | x |
| 2019-12-31 | CN¥3.39 | CN¥9.56 | x |
| 2020-12-31 | CN¥5.05 | CN¥9.56 | x |
| 2021-12-31 | CN¥5.78 | CN¥9.56 | x |
| 2022-12-31 | CN¥5.92 | CN¥9.56 | x |
| 2023-12-31 | CN¥6.27 | CN¥9.56 | x |
| 2024-12-31 | CN¥6.56 | CN¥9.56 | x |
| 2025-12-31 | CN¥9.34 | CN¥9.56 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Guolian 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): 3.83%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 19.00%
- • Asset Turnover: 0.05x
- • Equity Multiplier: 3.87x
- Recent ROE (3.83%) is below the historical average (6.56%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 1.64% | 6.92% | 0.08x | 3.14x | CN¥-247.32 Million |
| 2013 | 8.41% | 27.92% | 0.08x | 3.72x | CN¥-51.17 Million |
| 2014 | 17.51% | 37.29% | 0.09x | 5.01x | CN¥306.75 Million |
| 2015 | 19.02% | 43.95% | 0.11x | 4.03x | CN¥697.91 Million |
| 2016 | 8.06% | 30.06% | 0.08x | 3.17x | CN¥-146.85 Million |
| 2017 | 4.76% | 23.91% | 0.06x | 3.17x | CN¥-397.77 Million |
| 2018 | 0.66% | 4.65% | 0.05x | 2.78x | CN¥-714.33 Million |
| 2019 | 6.46% | 29.70% | 0.06x | 3.52x | CN¥-285.39 Million |
| 2020 | 5.55% | 28.12% | 0.05x | 4.36x | CN¥-471.55 Million |
| 2021 | 5.42% | 27.09% | 0.05x | 4.03x | CN¥-749.47 Million |
| 2022 | 4.58% | 27.05% | 0.04x | 4.44x | CN¥-908.77 Million |
| 2023 | 3.78% | 21.42% | 0.04x | 4.90x | CN¥-1.11 Billion |
| 2024 | 2.14% | 13.79% | 0.03x | 5.23x | CN¥-1.46 Billion |
| 2025 | 3.83% | 19.00% | 0.05x | 3.87x | CN¥-3.24 Billion |
Industry Comparison
This section compares Guolian 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: $22,262,101,846
- Average return on equity (ROE) among peers: 6.71%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Guolian Securities Co Ltd (601456) | CN¥52.87 Billion | 1.64% | 2.84x | $7.33 Billion |
| Shenwan Hongyuan Group Co Ltd (000166) | $15.03 Billion | 26.41% | 4.76x | $15.17 Billion |
| Northeast Securities Co Ltd (000686) | $457.76 Million | 3.28% | 0.18x | $2.78 Billion |
| Guangdong Golden Dragon Development Inc (000712) | $4.48 Billion | -1.99% | 4.29x | $1.25 Billion |
| Guoyuan Securities Co Ltd (000728) | $37.06 Billion | 6.06% | 3.64x | $4.61 Billion |
| Sealand Securities Co Ltd (000750) | $323.04 Million | -2.76% | 1.28x | $3.49 Billion |
| GF Securities Co Ltd (000776) | $94.14 Billion | 8.01% | 3.19x | $18.57 Billion |
| Changjiang Securities Co Ltd (000783) | $12.12 Billion | 5.64% | 1.58x | $6.45 Billion |
| Shanxi Securities Co Ltd (002500) | $13.22 Billion | 10.88% | 2.64x | $2.75 Billion |
| Western Securities Co Ltd (002673) | $26.11 Billion | 4.28% | 1.45x | $4.32 Billion |
| Huaxi Securities Co Ltd Class A (002926) | $19.69 Billion | 7.27% | 2.44x | $3.17 Billion |
About Guolian Securities Co Ltd
Guolian Minsheng Securities Co., Ltd., together with its subsidiaries, provides various financial products and services in the People's Republic of China. It operates through Brokerage and Wealth Management; Credit Transaction; Investment Banking Operations; Proprietary trading; Asset Management and Investment; and Others segments. The company is engages in providing securities and futures tradin… Read more