AVIC Aircraft Co Ltd

SHE:000768 China Aerospace & Defense
Market Cap
$10.20 Billion
CN¥74.87 Billion CNY
Market Cap Rank
#2923 Global
#218 in China
Share Price
CN¥26.92
Change (1 day)
+0.15%
52-Week Range
CN¥21.70 - CN¥31.27
All Time High
CN¥39.38
Categories
Companies in China Aerospace & Defense
About

AVIC Xi'an Aircraft Industry Group Company Ltd. researches, develops, manufactures, sells, maintains, and services aircraft, military and civil aviation components in China. The company offers large and medium-sized military transport aircrafts, bombers, and special aircrafts. It also provides vertical tails, Boeing 747 aircraft assemblies, Airbus A320/A321 series aircraft wings, and fuselages an… Read more

AVIC Aircraft Co Ltd (000768) - Net Assets

Latest net assets as of September 2025: CN¥21.80 Billion CNY

Based on the latest financial reports, AVIC Aircraft Co Ltd (000768) has net assets worth CN¥21.80 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¥74.11 Billion) and total liabilities (CN¥52.31 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¥21.80 Billion
% of Total Assets 29.42%
Annual Growth Rate 17.25%
5-Year Change 37.36%
10-Year Change 24.1%
Growth Volatility 66.13

AVIC Aircraft Co Ltd - Net Assets Trend (1994–2024)

This chart illustrates how AVIC Aircraft 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 AVIC Aircraft Co Ltd (1994–2024)

The table below shows the annual net assets of AVIC Aircraft Co Ltd from 1994 to 2024.

Year Net Assets Change
2024-12-31 CN¥21.02 Billion +7.57%
2023-12-31 CN¥19.54 Billion +21.14%
2022-12-31 CN¥16.13 Billion +2.49%
2021-12-31 CN¥15.74 Billion +2.85%
2020-12-31 CN¥15.31 Billion -7.81%
2019-12-31 CN¥16.60 Billion -14.04%
2018-12-31 CN¥19.31 Billion +9.43%
2017-12-31 CN¥17.65 Billion -0.31%
2016-12-31 CN¥17.70 Billion +4.49%
2015-12-31 CN¥16.94 Billion +31.15%
2014-12-31 CN¥12.92 Billion +4.73%
2013-12-31 CN¥12.33 Billion +1.10%
2012-12-31 CN¥12.20 Billion +20.77%
2011-12-31 CN¥10.10 Billion +1.30%
2010-12-31 CN¥9.97 Billion +2.09%
2009-12-31 CN¥9.77 Billion +3.34%
2008-12-31 CN¥9.45 Billion +318.67%
2007-12-31 CN¥2.26 Billion +6.10%
2006-12-31 CN¥2.13 Billion +3.46%
2005-12-31 CN¥2.06 Billion +1.71%
2004-12-31 CN¥2.02 Billion +0.20%
2003-12-31 CN¥2.02 Billion +1.59%
2002-12-31 CN¥1.99 Billion +0.21%
2001-12-31 CN¥1.98 Billion -0.39%
2000-12-31 CN¥1.99 Billion +58.46%
1999-12-31 CN¥1.26 Billion +73.75%
1998-12-31 CN¥722.68 Million +11.25%
1997-12-31 CN¥649.59 Million +196.06%
1996-12-31 CN¥219.41 Million +17.81%
1995-12-31 CN¥186.24 Million +4.85%
1994-12-31 CN¥177.63 Million --

Equity Component Analysis

This analysis shows how different components contribute to AVIC Aircraft 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 425604900000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings CN¥4.26 Billion 20.24%
Common Stock CN¥2.78 Billion 13.23%
Other Comprehensive Income CN¥5.74 Billion 27.28%
Other Components CN¥8.25 Billion 39.24%
Total Equity CN¥21.02 Billion 100.00%

AVIC Aircraft Co Ltd Competitors by Market Cap

The table below lists competitors of AVIC Aircraft Co Ltd ranked by their market capitalization.

Company Market Cap
Banco de Credito e Inversiones
SN:BCI
 		$4.63 Billion
Crispr Therapeutics AG
NASDAQ:CRSP
 		$4.63 Billion
Silicon Motion Technology
NASDAQ:SIMO
 		$4.63 Billion
Charter Hall Group
PINK:CTOUF
 		$4.63 Billion
Loral Space & Communications Inc
TO:LORL
 		$4.62 Billion
Tokyo Electric Power Co
PINK:TKECY
 		$4.62 Billion
Yunnan Tin Co Ltd
SHE:000960
 		$4.62 Billion
Gap Inc.
LSE:0ITS
 		$4.62 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in AVIC Aircraft Co Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 19,544,801,510 to 21,024,209,000, a change of 1,479,407,490 (7.6%).
  • Net income of 1,023,435,527 contributed positively to equity growth.
  • Dividend payments of 317,495,578 reduced retained earnings.
  • Other comprehensive income increased equity by 796,817,098.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income CN¥1.02 Billion +4.87%
Dividends Paid CN¥317.50 Million -1.51%
Other Comprehensive Income CN¥796.82 Million +3.79%
Other Changes CN¥-23.35 Million -0.11%
Total Change CN¥- 7.57%

Book Value vs Market Value Analysis

This analysis compares AVIC Aircraft 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: 3.55x
  • 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 334.90x to 3.55x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
1994-12-31 CN¥0.08 CN¥26.92 x
1995-12-31 CN¥0.08 CN¥26.92 x
1996-12-31 CN¥0.10 CN¥26.92 x
1997-12-31 CN¥0.40 CN¥26.92 x
1998-12-31 CN¥0.46 CN¥26.92 x
1999-12-31 CN¥0.85 CN¥26.92 x
2000-12-31 CN¥1.38 CN¥26.92 x
2001-12-31 CN¥1.37 CN¥26.92 x
2002-12-31 CN¥1.38 CN¥26.92 x
2003-12-31 CN¥1.40 CN¥26.92 x
2004-12-31 CN¥1.41 CN¥26.92 x
2005-12-31 CN¥1.44 CN¥26.92 x
2006-12-31 CN¥1.48 CN¥26.92 x
2007-12-31 CN¥1.50 CN¥26.92 x
2008-12-31 CN¥3.62 CN¥26.92 x
2009-12-31 CN¥3.68 CN¥26.92 x
2010-12-31 CN¥3.77 CN¥26.92 x
2011-12-31 CN¥3.65 CN¥26.92 x
2012-12-31 CN¥4.10 CN¥26.92 x
2013-12-31 CN¥4.36 CN¥26.92 x
2014-12-31 CN¥4.49 CN¥26.92 x
2015-12-31 CN¥5.65 CN¥26.92 x
2016-12-31 CN¥5.55 CN¥26.92 x
2017-12-31 CN¥5.68 CN¥26.92 x
2018-12-31 CN¥5.80 CN¥26.92 x
2019-12-31 CN¥5.98 CN¥26.92 x
2020-12-31 CN¥5.53 CN¥26.92 x
2021-12-31 CN¥5.69 CN¥26.92 x
2022-12-31 CN¥5.83 CN¥26.92 x
2023-12-31 CN¥7.05 CN¥26.92 x
2024-12-31 CN¥7.59 CN¥26.92 x

Capital Efficiency Dashboard

This dashboard shows how efficiently AVIC Aircraft 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): 4.87%
  • The company may be facing challenges in efficiently utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 2.37%
  • • Asset Turnover: 0.59x
  • • Equity Multiplier: 3.51x
  • Recent ROE (4.87%) is below the historical average (7.20%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
1994 51.45% 24.05% 0.77x 2.76x CN¥45.92 Million
1995 32.64% 12.05% 0.80x 3.38x CN¥25.87 Million
1996 29.60% 11.69% 0.73x 3.49x CN¥26.36 Million
1997 11.55% 16.35% 0.46x 1.55x CN¥8.61 Million
1998 12.43% 18.56% 0.45x 1.48x CN¥15.44 Million
1999 3.97% 7.99% 0.32x 1.57x CN¥-70.36 Million
2000 3.62% 8.63% 0.30x 1.42x CN¥-121.43 Million
2001 2.42% 4.97% 0.35x 1.37x CN¥-143.49 Million
2002 2.34% 4.37% 0.43x 1.24x CN¥-145.28 Million
2003 1.65% 3.52% 0.38x 1.22x CN¥-161.00 Million
2004 1.19% 2.29% 0.38x 1.36x CN¥-170.96 Million
2005 2.02% 3.39% 0.43x 1.38x CN¥-158.04 Million
2006 3.09% 3.54% 0.56x 1.57x CN¥-141.20 Million
2007 4.43% 4.23% 0.60x 1.73x CN¥-115.36 Million
2008 4.42% 4.16% 0.67x 1.58x CN¥-491.82 Million
2009 3.46% 3.84% 0.48x 1.87x CN¥-596.81 Million
2010 3.72% 3.28% 0.52x 2.17x CN¥-584.40 Million
2011 1.15% 1.22% 0.42x 2.25x CN¥-832.87 Million
2012 2.20% 1.62% 0.53x 2.56x CN¥-895.28 Million
2013 3.03% 2.03% 0.54x 2.77x CN¥-806.80 Million
2014 2.95% 1.66% 0.62x 2.86x CN¥-840.16 Million
2015 2.62% 1.66% 0.64x 2.46x CN¥-1.13 Billion
2016 2.69% 1.58% 0.67x 2.55x CN¥-1.12 Billion
2017 3.00% 1.52% 0.76x 2.59x CN¥-1.10 Billion
2018 3.48% 1.67% 0.70x 2.98x CN¥-1.05 Billion
2019 6.49% 3.35% 0.66x 2.95x CN¥-580.41 Million
2020 5.08% 2.32% 0.57x 3.82x CN¥-753.21 Million
2021 4.15% 2.00% 0.45x 4.57x CN¥-921.26 Million
2022 3.25% 1.39% 0.46x 5.09x CN¥-1.09 Billion
2023 4.41% 2.14% 0.50x 4.14x CN¥-1.09 Billion
2024 4.87% 2.37% 0.59x 3.51x CN¥-1.08 Billion

Industry Comparison

This section compares AVIC Aircraft Co Ltd's net assets metrics with peer companies in the Aerospace & Defense industry.

Industry Context

  • Industry: Aerospace & Defense
  • Average net assets among peers: $2,579,596,967
  • Average return on equity (ROE) among peers: 5.74%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
AVIC Aircraft Co Ltd (000768) CN¥21.80 Billion 51.45% 2.40x $4.62 Billion
Shaanxi Ligeance Mineral Resources Co Ltd (000697) $1.51 Billion 3.95% 0.11x $590.11 Million
Aecc Aero Engine Control Co Ltd (000738) $1.20 Billion 2.25% 0.68x $1.98 Billion
Zhejiang XiaSha Precision (001316) $1.05 Billion 7.55% 0.08x $223.64 Million
Sichuan Haite High-tech Co Ltd (002023) $4.13 Billion 0.99% 0.43x $873.11 Million
Aerospace CH UAV Co Ltd (002389) $8.20 Billion 1.87% 0.30x $1.90 Billion
Kuang Chi Technologies Co Ltd (002625) $602.65 Million 10.94% 0.23x $8.72 Billion
Beijing Emerging Eastern Aviation Equipment Co Ltd Class A (002933) $1.60 Billion 6.16% 0.09x $431.82 Million
Beijing Bei Mo Gao Ke Friction Mate (002985) $3.57 Billion 8.82% 0.17x $857.34 Million
Shaanxi Zhongtian Rocket Technology  (003009) $1.35 Billion 9.08% 0.39x $427.08 Million