Huatai Securities Co Ltd (601688) - Net Assets
Based on the latest financial reports, Huatai Securities Co Ltd (601688) has net assets worth CN¥211.47 Billion CNY (≈ $30.95 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¥1.23 Trillion ≈ $179.32 Billion USD) and total liabilities (CN¥1.01 Trillion ≈ $148.37 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 Huatai Securities Co Ltd (601688) strategic investment index to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥211.47 Billion |
| % of Total Assets | 17.26% |
| Annual Growth Rate | 23.4% |
| 5-Year Change | 36.15% |
| 10-Year Change | 141.65% |
| Growth Volatility | 46.89 |
Huatai Securities Co Ltd - Net Assets Trend (2006–2025)
This chart illustrates how Huatai Securities Co Ltd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see how much is Huatai Securities Co Ltd worth.
Annual Net Assets for Huatai Securities Co Ltd (2006–2025)
The table below shows the annual net assets of Huatai Securities Co Ltd from 2006 to 2025. Also explore 601688 year-over-year net asset growth to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥207.00 Billion ≈ $30.29 Billion |
+7.87% |
| 2024-12-31 | CN¥191.89 Billion ≈ $28.08 Billion |
+5.31% |
| 2023-12-31 | CN¥182.22 Billion ≈ $26.66 Billion |
+8.56% |
| 2022-12-31 | CN¥167.85 Billion ≈ $24.56 Billion |
+10.40% |
| 2021-12-31 | CN¥152.04 Billion ≈ $22.25 Billion |
+14.91% |
| 2020-12-31 | CN¥132.31 Billion ≈ $19.36 Billion |
+5.30% |
| 2019-12-31 | CN¥125.65 Billion ≈ $18.39 Billion |
+19.96% |
| 2018-12-31 | CN¥104.75 Billion ≈ $15.33 Billion |
+18.24% |
| 2017-12-31 | CN¥88.59 Billion ≈ $12.96 Billion |
+3.42% |
| 2016-12-31 | CN¥85.66 Billion ≈ $12.53 Billion |
+5.07% |
| 2015-12-31 | CN¥81.53 Billion ≈ $11.93 Billion |
+94.37% |
| 2014-12-31 | CN¥41.94 Billion ≈ $6.14 Billion |
+15.47% |
| 2013-12-31 | CN¥36.33 Billion ≈ $5.32 Billion |
+4.87% |
| 2012-12-31 | CN¥34.64 Billion ≈ $5.07 Billion |
+3.04% |
| 2011-12-31 | CN¥33.62 Billion ≈ $4.92 Billion |
+1.13% |
| 2010-12-31 | CN¥33.24 Billion ≈ $4.86 Billion |
+135.17% |
| 2009-12-31 | CN¥14.13 Billion ≈ $2.07 Billion |
+42.24% |
| 2008-12-31 | CN¥9.94 Billion ≈ $1.45 Billion |
-2.15% |
| 2007-12-31 | CN¥10.16 Billion ≈ $1.49 Billion |
+166.51% |
| 2006-12-31 | CN¥3.81 Billion ≈ $557.57 Million |
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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 8032.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥55.87 Billion | 27.00% |
| Other Components | CN¥151.07 Billion | 73.00% |
| Total Equity | CN¥206.94 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 |
|---|---|
|
Valterra Platinum Limited
JSE:VAL
|
$19.89 Billion |
|
Equifax Inc
NYSE:EFX
|
$19.89 Billion |
|
Lundin Mining Corporation
TO:LUN
|
$19.90 Billion |
|
Telia Company AB
ST:TELIA
|
$19.91 Billion |
|
Fubon Financial Holding Co Ltd Pref
TW:2881A
|
$19.86 Billion |
|
Entegris Inc
NASDAQ:ENTG
|
$19.81 Billion |
|
EXACT Sciences Corporation
NASDAQ:EXAS
|
$19.80 Billion |
|
Merck KGaA
XETRA:MRK
|
$19.78 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 2024 to 2025, total equity changed from 191,673,902,000 to 206,939,469,711, a change of 15,265,567,711 (8.0%).
- Net income of 16,383,497,118 contributed positively to equity growth.
- Dividend payments of 10,869,055,991 reduced retained earnings.
- Other factors increased equity by 9,751,126,584.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥16.38 Billion | +7.92% |
| Dividends Paid | CN¥10.87 Billion | -5.25% |
| Other Changes | CN¥9.75 Billion | +4.71% |
| Total Change | CN¥- | 7.96% |
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: 0.81x
- 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 23.64x to 0.81x 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¥18.59 | x |
| 2007-12-31 | CN¥2.04 | CN¥18.59 | x |
| 2008-12-31 | CN¥2.02 | CN¥18.59 | x |
| 2009-12-31 | CN¥3.01 | CN¥18.59 | x |
| 2010-12-31 | CN¥6.01 | CN¥18.59 | x |
| 2011-12-31 | CN¥5.93 | CN¥18.59 | x |
| 2012-12-31 | CN¥6.10 | CN¥18.59 | x |
| 2013-12-31 | CN¥6.38 | CN¥18.59 | x |
| 2014-12-31 | CN¥7.37 | CN¥18.59 | x |
| 2015-12-31 | CN¥12.42 | CN¥18.59 | x |
| 2016-12-31 | CN¥11.78 | CN¥18.59 | x |
| 2017-12-31 | CN¥12.24 | CN¥18.59 | x |
| 2018-12-31 | CN¥13.56 | CN¥18.59 | x |
| 2019-12-31 | CN¥14.11 | CN¥18.59 | x |
| 2020-12-31 | CN¥14.30 | CN¥18.59 | x |
| 2021-12-31 | CN¥16.52 | CN¥18.59 | x |
| 2022-12-31 | CN¥18.37 | CN¥18.59 | x |
| 2023-12-31 | CN¥19.89 | CN¥18.59 | x |
| 2024-12-31 | CN¥20.23 | CN¥18.59 | x |
| 2025-12-31 | CN¥22.92 | CN¥18.59 | 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): 7.92%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 50.49%
- • Asset Turnover: 0.03x
- • Equity Multiplier: 5.21x
- Recent ROE (7.92%) is below the historical average (12.57%), 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 |
| 2025 | 7.92% | 50.49% | 0.03x | 5.21x | CN¥-4.31 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: $24,245,565,253
- Average return on equity (ROE) among peers: 7.64%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Huatai Securities Co Ltd (601688) | CN¥211.47 Billion | 21.02% | 4.79x | $19.88 Billion |
| Shenwan Hongyuan Group Co Ltd (000166) | $116.68 Billion | 2.39% | 4.25x | $14.54 Billion |
| Northeast Securities Co Ltd (000686) | $16.81 Billion | 3.97% | 2.57x | $2.63 Billion |
| Guangdong Golden Dragon Development Inc (000712) | $5.04 Billion | -7.78% | 3.48x | $1.28 Billion |
| Guoyuan Securities Co Ltd (000728) | $966.19 Million | 4.83% | 0.52x | $4.78 Billion |
| Sealand Securities Co Ltd (000750) | $7.16 Billion | 9.64% | 2.69x | $3.41 Billion |
| GF Securities Co Ltd (000776) | $33.06 Billion | 6.63% | 1.72x | $17.55 Billion |
| Changjiang Securities Co Ltd (000783) | $12.69 Billion | 7.93% | 1.49x | $6.72 Billion |
| Shanxi Securities Co Ltd (002500) | $2.23 Billion | 37.41% | 3.97x | $2.75 Billion |
| Western Securities Co Ltd (002673) | $28.12 Billion | 4.14% | 2.42x | $4.38 Billion |
| Huaxi Securities Co Ltd Class A (002926) | $19.69 Billion | 7.27% | 2.44x | $3.15 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