Nanhua Futures Co Ltd
Nanhua Futures Co., Ltd. provides future brokerage, wealth management, risk management, financial, and future investment consulting services in China and internationally. The company offers future brokerage services, including commodity and financial future services; and wealth management services, such as asset management, public fund, and securities investment fund agency services. It also prov… Read more
Nanhua Futures Co Ltd (603093) - Net Assets
Latest net assets as of September 2025: CN¥4.40 Billion CNY
Based on the latest financial reports, Nanhua Futures Co Ltd (603093) has net assets worth CN¥4.40 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¥64.08 Billion) and total liabilities (CN¥59.67 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¥4.40 Billion |
| % of Total Assets | 6.87% |
| Annual Growth Rate | 11.02% |
| 5-Year Change | 66.6% |
| 10-Year Change | 156.29% |
| Growth Volatility | 5.29 |
Nanhua Futures Co Ltd - Net Assets Trend (2012–2024)
This chart illustrates how Nanhua Futures 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 Nanhua Futures Co Ltd (2012–2024)
The table below shows the annual net assets of Nanhua Futures Co Ltd from 2012 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥4.12 Billion | +11.09% |
| 2023-12-31 | CN¥3.71 Billion | +11.67% |
| 2022-12-31 | CN¥3.33 Billion | +8.82% |
| 2021-12-31 | CN¥3.06 Billion | +23.41% |
| 2020-12-31 | CN¥2.48 Billion | +1.45% |
| 2019-12-31 | CN¥2.44 Billion | +18.18% |
| 2018-12-31 | CN¥2.07 Billion | +7.68% |
| 2017-12-31 | CN¥1.92 Billion | +8.22% |
| 2016-12-31 | CN¥1.77 Billion | +10.11% |
| 2015-12-31 | CN¥1.61 Billion | +13.90% |
| 2014-12-31 | CN¥1.41 Billion | +8.51% |
| 2013-12-31 | CN¥1.30 Billion | +10.66% |
| 2012-12-31 | CN¥1.18 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Nanhua Futures 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 2669.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.95 Billion | 47.31% |
| Common Stock | CN¥610.07 Million | 14.82% |
| Other Components | CN¥1.56 Billion | 37.87% |
| Total Equity | CN¥4.12 Billion | 100.00% |
Nanhua Futures Co Ltd Competitors by Market Cap
The table below lists competitors of Nanhua Futures Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Guizhou Qianyuan Power Co Ltd
SHE:002039
|
$583.25 Million |
|
Sekerbank TAS
IS:SKBNK
|
$583.53 Million |
|
DATATEC LTD RC-01
F:DTT
|
$583.61 Million |
|
The Jammu & Kashmir Bank Limited
NSE:J&KBANK
|
$583.64 Million |
|
Muangthai Capital Public Company Limited
BK:MTC
|
$582.89 Million |
|
Hong Ri Da Technology Co. Ltd. A
SHE:301285
|
$582.88 Million |
|
Titagarh Rail Systems Limited
NSE:TITAGARH
|
$582.75 Million |
|
Huadian Heavy Industries Co
SHG:601226
|
$582.64 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Nanhua Futures Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,703,377,667 to 4,115,254,867, a change of 411,877,200 (11.1%).
- Net income of 457,972,343 contributed positively to equity growth.
- Dividend payments of 81,820,401 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥457.97 Million | +11.13% |
| Dividends Paid | CN¥81.82 Million | -1.99% |
| Other Changes | CN¥35.73 Million | +0.87% |
| Total Change | CN¥- | 11.12% |
Book Value vs Market Value Analysis
This analysis compares Nanhua Futures 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: 3.12x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 8.02x to 3.12x 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¥2.65 | CN¥21.24 | x |
| 2013-12-31 | CN¥2.57 | CN¥21.24 | x |
| 2014-12-31 | CN¥2.76 | CN¥21.24 | x |
| 2015-12-31 | CN¥3.07 | CN¥21.24 | x |
| 2016-12-31 | CN¥3.43 | CN¥21.24 | x |
| 2017-12-31 | CN¥3.73 | CN¥21.24 | x |
| 2018-12-31 | CN¥3.98 | CN¥21.24 | x |
| 2019-12-31 | CN¥4.19 | CN¥21.24 | x |
| 2020-12-31 | CN¥4.24 | CN¥21.24 | x |
| 2021-12-31 | CN¥4.99 | CN¥21.24 | x |
| 2022-12-31 | CN¥5.44 | CN¥21.24 | x |
| 2023-12-31 | CN¥6.07 | CN¥21.24 | x |
| 2024-12-31 | CN¥6.81 | CN¥21.24 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Nanhua Futures 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): 11.13%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.96%
- • Asset Turnover: 0.12x
- • Equity Multiplier: 11.87x
- Recent ROE (11.13%) is above the historical average (7.80%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 9.82% | 23.55% | 0.08x | 5.24x | CN¥-2.14 Million |
| 2013 | 10.12% | 17.18% | 0.11x | 5.33x | CN¥1.57 Million |
| 2014 | 7.60% | 9.79% | 0.11x | 6.83x | CN¥-33.95 Million |
| 2015 | 5.22% | 9.31% | 0.07x | 8.54x | CN¥-75.87 Million |
| 2016 | 8.75% | 19.83% | 0.05x | 9.21x | CN¥-22.03 Million |
| 2017 | 9.38% | 8.76% | 0.16x | 6.69x | CN¥-11.78 Million |
| 2018 | 6.04% | 2.68% | 0.41x | 5.51x | CN¥-81.32 Million |
| 2019 | 3.27% | 0.83% | 0.68x | 5.79x | CN¥-163.24 Million |
| 2020 | 3.83% | 0.95% | 0.45x | 9.09x | CN¥-151.49 Million |
| 2021 | 8.02% | 2.31% | 0.35x | 9.90x | CN¥-60.16 Million |
| 2022 | 7.42% | 3.61% | 0.20x | 10.31x | CN¥-85.60 Million |
| 2023 | 10.85% | 6.45% | 0.17x | 9.81x | CN¥31.52 Million |
| 2024 | 11.13% | 7.96% | 0.12x | 11.87x | CN¥46.45 Million |
Industry Comparison
This section compares Nanhua Futures Co Ltd's net assets metrics with peer companies in the Capital Markets industry.
Industry Context
- Industry: Capital Markets
- Average net assets among peers: $20,268,438,570
- Average return on equity (ROE) among peers: 7.56%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Nanhua Futures Co Ltd (603093) | CN¥4.40 Billion | 9.82% | 13.55x | $583.05 Million |
| Shenwan Hongyuan Group Co Ltd (000166) | $16.07 Billion | 18.21% | 3.12x | $10.62 Billion |
| Northeast Securities Co Ltd (000686) | $78.26 Million | 20.27% | 1.28x | $1.48 Billion |
| Guangdong Golden Dragon Development Inc (000712) | $892.70 Million | 2.45% | 0.50x | $913.07 Million |
| Sealand Securities Co Ltd (000750) | $7.16 Billion | 9.64% | 2.69x | $2.84 Billion |
| GF Securities Co Ltd (000776) | $94.14 Billion | 8.01% | 3.19x | $10.71 Billion |
| Changjiang Securities Co Ltd (000783) | $26.77 Billion | 5.77% | 3.23x | $3.30 Billion |
| Holly Futures Co. Ltd. A (001236) | $1.68 Billion | 4.77% | 3.81x | $591.25 Million |
| Shanxi Securities Co Ltd (002500) | $6.30 Billion | 3.07% | 1.08x | $1.47 Billion |
| Western Securities Co Ltd (002673) | $27.16 Billion | 1.59% | 2.52x | $2.22 Billion |
| Huaxi Securities Co Ltd Class A (002926) | $22.44 Billion | 1.88% | 3.36x | $1.41 Billion |