China Pacific Insurance Group Co Ltd (601601) - Net Assets
Based on the latest financial reports, China Pacific Insurance Group Co Ltd (601601) has net assets worth CN¥315.71 Billion CNY (≈ $46.20 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¥3.08 Trillion ≈ $450.36 Billion USD) and total liabilities (CN¥2.76 Trillion ≈ $404.16 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 601601 financial resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥315.71 Billion |
| % of Total Assets | 10.26% |
| Annual Growth Rate | 27.03% |
| 5-Year Change | 44.22% |
| 10-Year Change | 134.73% |
| Growth Volatility | 87.24 |
China Pacific Insurance Group Co Ltd - Net Assets Trend (2004–2024)
This chart illustrates how China Pacific Insurance Group Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore China Pacific Insurance Group Co Ltd assets under control for the complete picture of this company's asset base.
Annual Net Assets for China Pacific Insurance Group Co Ltd (2004–2024)
The table below shows the annual net assets of China Pacific Insurance Group Co Ltd from 2004 to 2024. For live valuation and market cap data, see how much is China Pacific Insurance Group Co Ltd worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥318.48 Billion ≈ $46.60 Billion |
+18.97% |
| 2023-12-31 | CN¥267.70 Billion ≈ $39.17 Billion |
+14.34% |
| 2022-12-31 | CN¥234.13 Billion ≈ $34.26 Billion |
+0.74% |
| 2021-12-31 | CN¥232.41 Billion ≈ $34.01 Billion |
+5.24% |
| 2020-12-31 | CN¥220.84 Billion ≈ $32.32 Billion |
+20.46% |
| 2019-12-31 | CN¥183.32 Billion ≈ $26.83 Billion |
+19.00% |
| 2018-12-31 | CN¥154.05 Billion ≈ $22.54 Billion |
+9.16% |
| 2017-12-31 | CN¥141.12 Billion ≈ $20.65 Billion |
+4.72% |
| 2016-12-31 | CN¥134.76 Billion ≈ $19.72 Billion |
-0.68% |
| 2015-12-31 | CN¥135.68 Billion ≈ $19.85 Billion |
+13.83% |
| 2014-12-31 | CN¥119.19 Billion ≈ $17.44 Billion |
+18.74% |
| 2013-12-31 | CN¥100.39 Billion ≈ $14.69 Billion |
+2.89% |
| 2012-12-31 | CN¥97.57 Billion ≈ $14.28 Billion |
+25.00% |
| 2011-12-31 | CN¥78.06 Billion ≈ $11.42 Billion |
-4.29% |
| 2010-12-31 | CN¥81.55 Billion ≈ $11.93 Billion |
+7.77% |
| 2009-12-31 | CN¥75.67 Billion ≈ $11.07 Billion |
+53.72% |
| 2008-12-31 | CN¥49.23 Billion ≈ $7.20 Billion |
-22.26% |
| 2007-12-31 | CN¥63.32 Billion ≈ $9.27 Billion |
+377.32% |
| 2006-12-31 | CN¥13.27 Billion ≈ $1.94 Billion |
+80.88% |
| 2005-12-31 | CN¥7.33 Billion ≈ $1.07 Billion |
+175.82% |
| 2004-12-31 | CN¥2.66 Billion ≈ $389.10 Million |
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Equity Component Analysis
This analysis shows how different components contribute to China Pacific Insurance Group 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 15720400000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥151.89 Billion | 52.12% |
| Common Stock | CN¥9.62 Billion | 3.30% |
| Other Components | CN¥129.91 Billion | 44.58% |
| Total Equity | CN¥291.42 Billion | 100.00% |
China Pacific Insurance Group Co Ltd Competitors by Market Cap
The table below lists competitors of China Pacific Insurance Group Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
People's Insurance of China Ltd
SHG:601319
|
$37.30 Billion |
|
EQT AB (publ)
ST:EQT
|
$37.38 Billion |
|
Gold Fields Ltd ADR
NYSE:GFI
|
$37.40 Billion |
|
Constellation Software Inc.
TO:CSU
|
$37.43 Billion |
|
KOMATSU LTD. SPONS. ADR 1
F:KOMA
|
$37.13 Billion |
|
Shaanxi Coal Industry Co Ltd
SHG:601225
|
$37.07 Billion |
|
Galderma Group N
SW:GALD
|
$37.01 Billion |
|
WEG S.A
SA:WEGE3
|
$36.93 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in China Pacific Insurance Group Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 249,586,000,000 to 291,417,000,000, a change of 41,831,000,000 (16.8%).
- Net income of 44,960,000,000 contributed positively to equity growth.
- Dividend payments of 13,014,000,000 reduced retained earnings.
- Other comprehensive income decreased equity by 87,942,000,000.
- Other factors increased equity by 97,827,000,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥44.96 Billion | +15.43% |
| Dividends Paid | CN¥13.01 Billion | -4.47% |
| Other Comprehensive Income | CN¥-87.94 Billion | -30.18% |
| Other Changes | CN¥97.83 Billion | +33.57% |
| Total Change | CN¥- | 16.76% |
Book Value vs Market Value Analysis
This analysis compares China Pacific Insurance Group 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: 1.23x
- 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 110.39x to 1.23x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-12-31 | CN¥0.34 | CN¥37.23 | x |
| 2005-12-31 | CN¥0.86 | CN¥37.23 | x |
| 2006-12-31 | CN¥1.45 | CN¥37.23 | x |
| 2007-12-31 | CN¥10.18 | CN¥37.23 | x |
| 2008-12-31 | CN¥6.33 | CN¥37.23 | x |
| 2009-12-31 | CN¥9.64 | CN¥37.23 | x |
| 2010-12-31 | CN¥9.34 | CN¥37.23 | x |
| 2011-12-31 | CN¥8.93 | CN¥37.23 | x |
| 2012-12-31 | CN¥10.61 | CN¥37.23 | x |
| 2013-12-31 | CN¥10.92 | CN¥37.23 | x |
| 2014-12-31 | CN¥12.93 | CN¥37.23 | x |
| 2015-12-31 | CN¥14.71 | CN¥37.23 | x |
| 2016-12-31 | CN¥14.54 | CN¥37.23 | x |
| 2017-12-31 | CN¥15.17 | CN¥37.23 | x |
| 2018-12-31 | CN¥16.51 | CN¥37.23 | x |
| 2019-12-31 | CN¥19.69 | CN¥37.23 | x |
| 2020-12-31 | CN¥23.01 | CN¥37.23 | x |
| 2021-12-31 | CN¥23.57 | CN¥37.23 | x |
| 2022-12-31 | CN¥20.42 | CN¥37.23 | x |
| 2023-12-31 | CN¥25.94 | CN¥37.23 | x |
| 2024-12-31 | CN¥30.29 | CN¥37.23 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently China Pacific Insurance Group 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): 15.43%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 14.35%
- • Asset Turnover: 0.11x
- • Equity Multiplier: 9.73x
- Recent ROE (15.43%) is above the historical average (8.79%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | -42.59% | -2.52% | 0.36x | 46.81x | CN¥-1.37 Billion |
| 2005 | 17.12% | 2.19% | 0.32x | 24.42x | CN¥470.40 Million |
| 2006 | 9.04% | 1.75% | 0.28x | 18.21x | CN¥-107.30 Million |
| 2007 | 10.97% | 7.41% | 0.30x | 4.92x | CN¥612.30 Million |
| 2008 | 5.27% | 3.20% | 0.25x | 6.55x | CN¥-2.31 Billion |
| 2009 | 9.85% | 7.08% | 0.26x | 5.32x | CN¥-109.10 Million |
| 2010 | 10.66% | 6.06% | 0.30x | 5.92x | CN¥527.30 Million |
| 2011 | 10.82% | 5.29% | 0.28x | 7.43x | CN¥633.40 Million |
| 2012 | 5.28% | 3.04% | 0.25x | 7.09x | CN¥-4.54 Billion |
| 2013 | 9.36% | 4.82% | 0.27x | 7.31x | CN¥-635.80 Million |
| 2014 | 9.43% | 5.11% | 0.26x | 7.04x | CN¥-664.10 Million |
| 2015 | 13.30% | 7.18% | 0.27x | 6.93x | CN¥4.39 Billion |
| 2016 | 9.15% | 4.53% | 0.26x | 7.75x | CN¥-1.12 Billion |
| 2017 | 10.66% | 4.60% | 0.27x | 8.52x | CN¥912.20 Million |
| 2018 | 12.05% | 5.10% | 0.26x | 8.93x | CN¥3.06 Billion |
| 2019 | 15.55% | 7.24% | 0.25x | 8.57x | CN¥9.90 Billion |
| 2020 | 11.42% | 5.86% | 0.24x | 8.23x | CN¥3.06 Billion |
| 2021 | 11.83% | 6.14% | 0.22x | 8.58x | CN¥4.16 Billion |
| 2022 | 19.03% | 13.65% | 0.13x | 11.08x | CN¥17.73 Billion |
| 2023 | 10.92% | 9.86% | 0.12x | 9.39x | CN¥2.30 Billion |
| 2024 | 15.43% | 14.35% | 0.11x | 9.73x | CN¥15.82 Billion |
Industry Comparison
This section compares China Pacific Insurance Group Co Ltd's net assets metrics with peer companies in the Insurance - Life industry.
Industry Context
- Industry: Insurance - Life
- Average net assets among peers: $137,231,667,909
- Average return on equity (ROE) among peers: 10.97%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| China Pacific Insurance Group Co Ltd (601601) | CN¥315.71 Billion | -42.59% | 8.75x | $37.29 Billion |
| Hubei Biocause Pharmaceutical (000627) | $34.59 Billion | 1.68% | 5.92x | $1.13 Billion |
| COFCO Capital Holdings Co Ltd (002423) | $1.01 Billion | 13.37% | 0.84x | $3.45 Billion |
| Ping An Insurance Group Co of China Ltd (601318) | $67.16 Billion | 2.11% | 9.49x | $92.61 Billion |
| New China Life Insurance Co Ltd (601336) | $96.27 Billion | 27.25% | 16.58x | $19.65 Billion |
| China Life Insurance Co Ltd A (601628) | $487.13 Billion | 10.42% | 9.04x | $111.74 Billion |
About China Pacific Insurance Group Co Ltd
China Pacific Insurance (Group) Co., Ltd., together with its subsidiaries, provides insurance products to individual and institutional customers in the People's Republic of China. It operates through Life and Health Insurance, Property and Casualty Insurance, Asset Management, and Other Business segments. The company offers life, health, automobile, liability, agricultural, property and casualty,… Read more