China Galaxy Securities Co Ltd Class A (601881) - Net Assets

Latest as of December 2025: CN¥147.80 Billion CNY ≈ $21.63 Billion USD

Based on the latest financial reports, China Galaxy Securities Co Ltd Class A (601881) has net assets worth CN¥147.80 Billion CNY (≈ $21.63 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¥855.74 Billion ≈ $125.22 Billion USD) and total liabilities (CN¥707.95 Billion ≈ $103.60 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 601881 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¥147.80 Billion
% of Total Assets	17.27%
Annual Growth Rate	N/A
5-Year Change	49.32%
10-Year Change	153.28%
Growth Volatility	22.82

China Galaxy Securities Co Ltd Class A - Net Assets Trend (2005–2025)

This chart illustrates how China Galaxy Securities Co Ltd Class A's net assets have evolved over time, based on quarterly financial data. See China Galaxy Securities Co Ltd Class A liquidity coverage in days to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for China Galaxy Securities Co Ltd Class A (2005–2025)

The table below shows the annual net assets of China Galaxy Securities Co Ltd Class A from 2005 to 2025. For live valuation and market cap data, see market value of China Galaxy Securities Co Ltd Class A.

Year	Net Assets	Change
2025-12-31	CN¥147.80 Billion ≈ $21.63 Billion	+5.19%
2024-12-31	CN¥140.50 Billion ≈ $20.56 Billion	+7.67%
2023-12-31	CN¥130.49 Billion ≈ $19.10 Billion	+27.17%
2022-12-31	CN¥102.61 Billion ≈ $15.02 Billion	+3.67%
2021-12-31	CN¥98.98 Billion ≈ $14.48 Billion	+20.69%
2020-12-31	CN¥82.01 Billion ≈ $12.00 Billion	+14.02%
2019-12-31	CN¥71.92 Billion ≈ $10.52 Billion	+8.42%
2018-12-31	CN¥66.34 Billion ≈ $9.71 Billion	+2.24%
2017-12-31	CN¥64.89 Billion ≈ $9.49 Billion	+11.19%
2016-12-31	CN¥58.35 Billion ≈ $8.54 Billion	+1.93%
2015-12-31	CN¥57.25 Billion ≈ $8.38 Billion	+95.15%
2014-12-31	CN¥29.34 Billion ≈ $4.29 Billion	+15.40%
2013-12-31	CN¥25.42 Billion ≈ $3.72 Billion	+44.78%
2012-12-31	CN¥17.56 Billion ≈ $2.57 Billion	+8.88%
2011-12-31	CN¥16.13 Billion ≈ $2.36 Billion	+10.58%
2010-12-31	CN¥14.58 Billion ≈ $2.13 Billion	+12.69%
2009-12-31	CN¥12.94 Billion ≈ $1.89 Billion	+33.71%
2008-12-31	CN¥9.68 Billion ≈ $1.42 Billion	-14.76%
2007-12-31	CN¥11.35 Billion ≈ $1.66 Billion	+284.74%
2006-12-31	CN¥-6.15 Billion ≈ $-899.34 Million	+25.24%
2005-12-31	CN¥-8.22 Billion ≈ $-1.20 Billion	--

Equity Component Analysis

This analysis shows how different components contribute to China Galaxy Securities Co Ltd Class A'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 5014477189393.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	CN¥37.70 Billion	25.51%
Other Components	CN¥110.08 Billion	74.49%
Total Equity	CN¥147.78 Billion	100.00%

China Galaxy Securities Co Ltd Class A Competitors by Market Cap

The table below lists competitors of China Galaxy Securities Co Ltd Class A ranked by their market capitalization.

Company	Market Cap
LTIMindtree Limited NSE:LTM	$12.82 Billion
Globe Life Inc NYSE:GL	$12.82 Billion
QXO, Inc. NASDAQ:QXO	$12.83 Billion
ZTO Express (Cayman) Inc F:ZTOA	$12.83 Billion
Sanan Optoelectronics Co Ltd SHG:600703	$12.81 Billion
Tele2 AB (publ) ST:TEL2-B	$12.80 Billion
Smith & Nephew SNATS Inc NYSE:SNN	$12.78 Billion
Puya Semiconductor Shanghai Co Ltd SHG:688766	$12.78 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in China Galaxy Securities Co Ltd Class A's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 140,480,735,000 to 147,780,143,000, a change of 7,299,408,000 (5.2%).
Net income of 12,519,719,000 contributed positively to equity growth.
Dividend payments of 4,999,382,000 reduced retained earnings.
Other comprehensive income decreased equity by 67,954,283,000.
Other factors increased equity by 67,733,354,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	CN¥12.52 Billion	+8.47%
Dividends Paid	CN¥5.00 Billion	-3.38%
Other Comprehensive Income	CN¥-67.95 Billion	-45.98%
Other Changes	CN¥67.73 Billion	+45.83%
Total Change	CN¥-	5.20%

Book Value vs Market Value Analysis

This analysis compares China Galaxy Securities Co Ltd Class A'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: 0.89x
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.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2005-12-31	CN¥-0.69	CN¥12.09	x
2006-12-31	CN¥-0.51	CN¥12.09	x
2007-12-31	CN¥0.95	CN¥12.09	x
2008-12-31	CN¥0.80	CN¥12.09	x
2009-12-31	CN¥1.08	CN¥12.09	x
2010-12-31	CN¥1.21	CN¥12.09	x
2011-12-31	CN¥1.33	CN¥12.09	x
2012-12-31	CN¥1.45	CN¥12.09	x
2013-12-31	CN¥3.65	CN¥12.09	x
2014-12-31	CN¥3.85	CN¥12.09	x
2015-12-31	CN¥6.42	CN¥12.09	x
2016-12-31	CN¥6.08	CN¥12.09	x
2017-12-31	CN¥6.32	CN¥12.09	x
2018-12-31	CN¥6.40	CN¥12.09	x
2019-12-31	CN¥6.99	CN¥12.09	x
2020-12-31	CN¥8.02	CN¥12.09	x
2021-12-31	CN¥9.76	CN¥12.09	x
2022-12-31	CN¥9.55	CN¥12.09	x
2023-12-31	CN¥11.93	CN¥12.09	x
2024-12-31	CN¥12.85	CN¥12.09	x
2025-12-31	CN¥13.52	CN¥12.09	x

Capital Efficiency Dashboard

This dashboard shows how efficiently China Galaxy Securities Co Ltd Class A 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): 8.47%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 44.32%
• Asset Turnover: 0.03x
• Equity Multiplier: 5.79x
Recent ROE (8.47%) is below the historical average (12.04%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2005	0.00%	-56.54%	0.07x	0.00x	CN¥144.20 Million
2006	0.00%	43.68%	0.09x	0.00x	CN¥2.25 Billion
2007	45.14%	35.37%	0.15x	8.32x	CN¥3.99 Billion
2008	21.15%	34.62%	0.09x	6.50x	CN¥1.08 Billion
2009	35.17%	46.31%	0.09x	8.15x	CN¥3.25 Billion
2010	19.15%	33.75%	0.09x	6.51x	CN¥1.33 Billion
2011	9.86%	25.32%	0.11x	3.70x	CN¥-22.28 Million
2012	8.15%	25.57%	0.09x	3.69x	CN¥-323.21 Million
2013	8.48%	28.54%	0.10x	3.11x	CN¥-382.24 Million
2014	12.99%	29.52%	0.07x	6.20x	CN¥868.35 Million
2015	17.28%	29.59%	0.11x	5.28x	CN¥4.14 Billion
2016	8.89%	28.85%	0.07x	4.24x	CN¥-645.31 Million
2017	6.17%	26.46%	0.06x	3.95x	CN¥-2.47 Billion
2018	4.38%	18.93%	0.06x	3.81x	CN¥-3.71 Billion
2019	7.37%	25.89%	0.06x	4.45x	CN¥-1.86 Billion
2020	8.91%	30.16%	0.05x	5.49x	CN¥-881.80 Million
2021	10.54%	33.77%	0.06x	5.66x	CN¥534.66 Million
2022	7.57%	28.26%	0.04x	6.09x	CN¥-2.49 Billion
2023	6.04%	22.77%	0.05x	5.08x	CN¥-5.17 Billion
2024	7.14%	30.56%	0.04x	5.25x	CN¥-4.02 Billion
2025	8.47%	44.32%	0.03x	5.79x	CN¥-2.26 Billion

Industry Comparison

This section compares China Galaxy Securities Co Ltd Class A's net assets metrics with peer companies in the Financial Conglomerates industry.

Industry Context

Industry: Financial Conglomerates
Average net assets among peers: $17,013,301,151
Average return on equity (ROE) among peers: -12.88%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
China Galaxy Securities Co Ltd Class A (601881)	CN¥147.80 Billion	0.00%	4.79x	$12.81 Billion
CNPC Capital Co Ltd (000617)	$835.83 Million	6.31%	1.65x	$13.26 Billion
Guangzhou Friendship Group Co Ltd (000987)	$41.55 Billion	5.79%	3.51x	$5.49 Billion
Rendong Holdings Co Ltd (002647)	$115.11 Million	-187.07%	37.47x	$1.86 Billion
Guosheng Financial Holding Inc (002670)	$11.37 Billion	0.68%	1.76x	$3.22 Billion
Guosen Securities Co Ltd (002736)	$11.46 Billion	61.92%	4.73x	$15.29 Billion
First Capital Securities Co Ltd Class A (002797)	$8.89 Billion	1.40%	2.74x	$3.88 Billion
Minmetals Capital Co Ltd (600390)	$61.77 Billion	0.82%	1.60x	$3.04 Billion
Shanghai Chinafortune Co Ltd (600621)	$110.02 Million	7.11%	1.01x	$1.98 Billion

About China Galaxy Securities Co Ltd Class A

SHG:601881 China Financial Conglomerates

Market Cap

$12.81 Billion

CN¥87.57 Billion CNY

Market Cap Rank

#1865 Global

#207 in China

Share Price

CN¥12.09

Change (1 day)

-4.80%

52-Week Range

CN¥11.86 - CN¥19.00

All Time High

CN¥19.00