Huatai Securities Co Ltd (601688) - Net Assets
Based on the latest financial reports, Huatai Securities Co Ltd (601688) has net assets worth CN¥172.17 Billion CNY as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥1.03 Trillion) and total liabilities (CN¥853.68 Billion). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥172.17 Billion |
| % of Total Assets | 16.78% |
| Annual Growth Rate | 24.32% |
| 5-Year Change | 45.03% |
| 10-Year Change | 135.37% |
| Growth Volatility | 47.89 |
Huatai Securities Co Ltd - Net Assets Trend (2006–2024)
This chart illustrates how Huatai Securities Co Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Huatai Securities Co Ltd (2006–2024)
The table below shows the annual net assets of Huatai Securities Co Ltd from 2006 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥191.89 Billion | +5.31% |
| 2023-12-31 | CN¥182.22 Billion | +8.56% |
| 2022-12-31 | CN¥167.85 Billion | +10.40% |
| 2021-12-31 | CN¥152.04 Billion | +14.91% |
| 2020-12-31 | CN¥132.31 Billion | +5.30% |
| 2019-12-31 | CN¥125.65 Billion | +19.96% |
| 2018-12-31 | CN¥104.75 Billion | +18.24% |
| 2017-12-31 | CN¥88.59 Billion | +3.42% |
| 2016-12-31 | CN¥85.66 Billion | +5.07% |
| 2015-12-31 | CN¥81.53 Billion | +94.37% |
| 2014-12-31 | CN¥41.94 Billion | +15.47% |
| 2013-12-31 | CN¥36.33 Billion | +4.87% |
| 2012-12-31 | CN¥34.64 Billion | +3.04% |
| 2011-12-31 | CN¥33.62 Billion | +1.13% |
| 2010-12-31 | CN¥33.24 Billion | +135.17% |
| 2009-12-31 | CN¥14.13 Billion | +42.24% |
| 2008-12-31 | CN¥9.94 Billion | -2.15% |
| 2007-12-31 | CN¥10.16 Billion | +166.51% |
| 2006-12-31 | CN¥3.81 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Huatai 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 6987.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥48.69 Billion | 25.40% |
| Common Stock | CN¥9.03 Billion | 4.71% |
| Other Components | CN¥133.95 Billion | 69.89% |
| Total Equity | CN¥191.67 Billion | 100.00% |
Huatai Securities Co Ltd Competitors by Market Cap
The table below lists competitors of Huatai Securities Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Principal Financial Group Inc
NASDAQ:PFG
|
$20.43 Billion |
|
First Solar Inc
NASDAQ:FSLR
|
$20.44 Billion |
|
Nanya Technology Corp
TW:2408
|
$20.50 Billion |
|
Lundin Gold Inc
TO:LUG
|
$20.53 Billion |
|
Cellnex Telecom SA
MC:CLNX
|
$20.38 Billion |
|
MongoDB
NASDAQ:MDB
|
$20.37 Billion |
|
GLOBALFOUNDR. INC. DL-02
F:76J
|
$20.35 Billion |
|
CLP Holdings Limited
F:CLP
|
$20.34 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Huatai Securities Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 179,108,366,852 to 191,673,902,000, a change of 12,565,535,148 (7.0%).
- Net income of 15,351,162,321 contributed positively to equity growth.
- Dividend payments of 12,833,054,000 reduced retained earnings.
- Share repurchases of 15,348,000 reduced equity.
- Other factors increased equity by 10,062,774,827.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥15.35 Billion | +8.01% |
| Dividends Paid | CN¥12.83 Billion | -6.7% |
| Share Repurchases | CN¥15.35 Million | -0.01% |
| Other Changes | CN¥10.06 Billion | +5.25% |
| Total Change | CN¥- | 7.02% |
Book Value vs Market Value Analysis
This analysis compares Huatai 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 24.25x 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 |
|---|---|---|---|
| 2006-12-31 | CN¥0.79 | CN¥19.07 | x |
| 2007-12-31 | CN¥2.04 | CN¥19.07 | x |
| 2008-12-31 | CN¥2.02 | CN¥19.07 | x |
| 2009-12-31 | CN¥3.01 | CN¥19.07 | x |
| 2010-12-31 | CN¥6.01 | CN¥19.07 | x |
| 2011-12-31 | CN¥5.93 | CN¥19.07 | x |
| 2012-12-31 | CN¥6.10 | CN¥19.07 | x |
| 2013-12-31 | CN¥6.38 | CN¥19.07 | x |
| 2014-12-31 | CN¥7.37 | CN¥19.07 | x |
| 2015-12-31 | CN¥12.42 | CN¥19.07 | x |
| 2016-12-31 | CN¥11.78 | CN¥19.07 | x |
| 2017-12-31 | CN¥12.24 | CN¥19.07 | x |
| 2018-12-31 | CN¥13.56 | CN¥19.07 | x |
| 2019-12-31 | CN¥14.11 | CN¥19.07 | x |
| 2020-12-31 | CN¥14.30 | CN¥19.07 | x |
| 2021-12-31 | CN¥16.52 | CN¥19.07 | x |
| 2022-12-31 | CN¥18.37 | CN¥19.07 | x |
| 2023-12-31 | CN¥19.89 | CN¥19.07 | x |
| 2024-12-31 | CN¥20.23 | CN¥19.07 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Huatai 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): 8.01%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 38.11%
- • Asset Turnover: 0.05x
- • Equity Multiplier: 4.25x
- Recent ROE (8.01%) is below the historical average (12.82%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 21.02% | 28.30% | 0.09x | 7.83x | CN¥390.01 Million |
| 2007 | 61.15% | 44.44% | 0.16x | 8.46x | CN¥4.71 Billion |
| 2008 | 13.81% | 21.36% | 0.11x | 5.72x | CN¥346.01 Million |
| 2009 | 27.26% | 41.13% | 0.09x | 7.10x | CN¥2.40 Billion |
| 2010 | 10.42% | 39.60% | 0.08x | 3.45x | CN¥136.87 Million |
| 2011 | 5.37% | 29.58% | 0.07x | 2.58x | CN¥-1.54 Billion |
| 2012 | 4.73% | 27.46% | 0.07x | 2.32x | CN¥-1.80 Billion |
| 2013 | 6.22% | 30.87% | 0.07x | 2.75x | CN¥-1.35 Billion |
| 2014 | 10.86% | 37.20% | 0.04x | 6.59x | CN¥356.42 Million |
| 2015 | 13.24% | 41.41% | 0.06x | 5.60x | CN¥2.62 Billion |
| 2016 | 7.43% | 37.03% | 0.04x | 4.76x | CN¥-2.17 Billion |
| 2017 | 10.62% | 44.19% | 0.06x | 4.37x | CN¥542.93 Million |
| 2018 | 4.87% | 31.75% | 0.04x | 3.57x | CN¥-5.31 Billion |
| 2019 | 7.35% | 36.80% | 0.04x | 4.59x | CN¥-3.25 Billion |
| 2020 | 8.38% | 33.20% | 0.05x | 5.55x | CN¥-2.08 Billion |
| 2021 | 8.99% | 32.63% | 0.05x | 5.43x | CN¥-1.50 Billion |
| 2022 | 6.70% | 36.93% | 0.04x | 5.13x | CN¥-5.45 Billion |
| 2023 | 7.12% | 36.49% | 0.04x | 5.06x | CN¥-5.16 Billion |
| 2024 | 8.01% | 38.11% | 0.05x | 4.25x | CN¥-3.82 Billion |
Industry Comparison
This section compares Huatai 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: $25,364,890,868
- Average return on equity (ROE) among peers: 20.72%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Huatai Securities Co Ltd (601688) | CN¥172.17 Billion | 21.02% | 4.96x | $20.39 Billion |
| Shenwan Hongyuan Group Co Ltd (000166) | $133.35 Billion | 3.91% | 4.23x | $15.63 Billion |
| Northeast Securities Co Ltd (000686) | $64.65 Million | 33.27% | 1.60x | $2.84 Billion |
| Guangdong Golden Dragon Development Inc (000712) | $5.53 Billion | 3.51% | 5.03x | $1.39 Billion |
| Sealand Securities Co Ltd (000750) | $377.05 Million | 10.45% | 0.41x | $3.63 Billion |
| Holly Futures Co. Ltd. A (001236) | $1.68 Billion | 4.77% | 3.81x | $1.03 Billion |
| Western Securities Co Ltd (002673) | $17.66 Billion | 4.26% | 1.90x | $4.81 Billion |
| Huaxi Securities Co Ltd Class A (002926) | $19.69 Billion | 7.27% | 2.44x | $3.30 Billion |
| China Great Wall Securities Co Ltd Class A (002939) | $403.08 Million | 115.37% | 9.46x | $5.43 Billion |
| Ruida Futures (002961) | $2.93 Billion | 13.05% | 4.47x | $1.67 Billion |
| East Money Information Co Ltd (300059) | $71.96 Billion | 11.39% | 2.33x | $46.35 Billion |
About Huatai Securities Co Ltd
Huatai Securities Co., Ltd., together with its subsidiaries, provides securities and financial services for individual, enterprise, and institutional clients in Mainland China and internationally. It operates through Wealth Management, Institutional Services, Investment Management, International Business, and Other segments. The company offers wealth management services, including securities, fut… Read more