AVIC Aircraft Co Ltd (000768) - Net Assets
Based on the latest financial reports, AVIC Aircraft Co Ltd (000768) has net assets worth CN¥22.53 Billion CNY (≈ $3.30 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¥77.26 Billion ≈ $11.31 Billion USD) and total liabilities (CN¥54.73 Billion ≈ $8.01 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 AVIC Aircraft Co Ltd 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¥22.53 Billion |
| % of Total Assets | 29.16% |
| Annual Growth Rate | 16.85% |
| 5-Year Change | 41.08% |
| 10-Year Change | 25.45% |
| Growth Volatility | 65.21 |
AVIC Aircraft Co Ltd - Net Assets Trend (1994–2025)
This chart illustrates how AVIC Aircraft Co Ltd's net assets have evolved over time, based on quarterly financial data. See AVIC Aircraft Co Ltd defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for AVIC Aircraft Co Ltd (1994–2025)
The table below shows the annual net assets of AVIC Aircraft Co Ltd from 1994 to 2025. For live valuation and market cap data, see AVIC Aircraft Co Ltd stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥22.21 Billion ≈ $3.25 Billion |
+5.63% |
| 2024-12-31 | CN¥21.02 Billion ≈ $3.08 Billion |
+7.57% |
| 2023-12-31 | CN¥19.54 Billion ≈ $2.86 Billion |
+21.14% |
| 2022-12-31 | CN¥16.13 Billion ≈ $2.36 Billion |
+2.50% |
| 2021-12-31 | CN¥15.74 Billion ≈ $2.30 Billion |
+2.85% |
| 2020-12-31 | CN¥15.31 Billion ≈ $2.24 Billion |
-12.81% |
| 2019-12-31 | CN¥17.55 Billion ≈ $2.57 Billion |
-9.82% |
| 2018-12-31 | CN¥19.47 Billion ≈ $2.85 Billion |
+10.29% |
| 2017-12-31 | CN¥17.65 Billion ≈ $2.58 Billion |
-0.31% |
| 2016-12-31 | CN¥17.70 Billion ≈ $2.59 Billion |
+4.49% |
| 2015-12-31 | CN¥16.94 Billion ≈ $2.48 Billion |
+31.15% |
| 2014-12-31 | CN¥12.92 Billion ≈ $1.89 Billion |
+4.73% |
| 2013-12-31 | CN¥12.33 Billion ≈ $1.80 Billion |
+1.10% |
| 2012-12-31 | CN¥12.20 Billion ≈ $1.79 Billion |
-1.48% |
| 2011-12-31 | CN¥12.38 Billion ≈ $1.81 Billion |
+24.19% |
| 2010-12-31 | CN¥9.97 Billion ≈ $1.46 Billion |
+2.09% |
| 2009-12-31 | CN¥9.77 Billion ≈ $1.43 Billion |
+3.34% |
| 2008-12-31 | CN¥9.45 Billion ≈ $1.38 Billion |
+318.67% |
| 2007-12-31 | CN¥2.26 Billion ≈ $330.33 Million |
+5.89% |
| 2006-12-31 | CN¥2.13 Billion ≈ $311.96 Million |
+3.67% |
| 2005-12-31 | CN¥2.06 Billion ≈ $300.92 Million |
+1.71% |
| 2004-12-31 | CN¥2.02 Billion ≈ $295.85 Million |
+0.95% |
| 2003-12-31 | CN¥2.00 Billion ≈ $293.06 Million |
-1.11% |
| 2002-12-31 | CN¥2.03 Billion ≈ $296.36 Million |
+2.19% |
| 2001-12-31 | CN¥1.98 Billion ≈ $290.01 Million |
-0.26% |
| 2000-12-31 | CN¥1.99 Billion ≈ $290.76 Million |
+58.24% |
| 1999-12-31 | CN¥1.26 Billion ≈ $183.74 Million |
+74.54% |
| 1998-12-31 | CN¥719.41 Million ≈ $105.27 Million |
+10.75% |
| 1997-12-31 | CN¥649.59 Million ≈ $95.06 Million |
+196.06% |
| 1996-12-31 | CN¥219.41 Million ≈ $32.11 Million |
+17.81% |
| 1995-12-31 | CN¥186.24 Million ≈ $27.25 Million |
+4.85% |
| 1994-12-31 | CN¥177.63 Million ≈ $25.99 Million |
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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 495383244348.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥4.95 Billion | 22.31% |
| Other Components | CN¥17.25 Billion | 77.69% |
| Total Equity | CN¥22.21 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 |
|---|---|
|
Als Ltd
AU:ALQ
|
$8.38 Billion |
|
Piraeus Financial Holdings S.A
AT:TPEIR
|
$8.39 Billion |
|
Figma, Inc.
NYSE:FIG
|
$8.39 Billion |
|
Viper Energy Ut
NASDAQ:VNOM
|
$8.39 Billion |
|
Sunway Bhd
KLSE:5211
|
$8.38 Billion |
|
PayPay Corporation American Depository Shares
NASDAQ:PAYP
|
$8.37 Billion |
|
Hoshine Silicon Ind Co Ltd
SHG:603260
|
$8.37 Billion |
|
Vicinity Centres
AU:VCX
|
$8.37 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 2024 to 2025, total equity changed from 21,024,209,000 to 22,208,329,318, a change of 1,184,120,318 (5.6%).
- Net income of 1,151,240,411 contributed positively to equity growth.
- Dividend payments of 347,936,338 reduced retained earnings.
- Other comprehensive income decreased equity by 5,735,677,000.
- Other factors increased equity by 6,116,493,246.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥1.15 Billion | +5.18% |
| Dividends Paid | CN¥347.94 Million | -1.57% |
| Other Comprehensive Income | CN¥-5.74 Billion | -25.83% |
| Other Changes | CN¥6.12 Billion | +27.54% |
| Total Change | CN¥- | 5.63% |
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: 2.58x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 256.15x to 2.58x 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¥20.59 | x |
| 1995-12-31 | CN¥0.08 | CN¥20.59 | x |
| 1996-12-31 | CN¥0.10 | CN¥20.59 | x |
| 1997-12-31 | CN¥0.40 | CN¥20.59 | x |
| 1998-12-31 | CN¥0.46 | CN¥20.59 | x |
| 1999-12-31 | CN¥0.85 | CN¥20.59 | x |
| 2000-12-31 | CN¥1.38 | CN¥20.59 | x |
| 2001-12-31 | CN¥1.37 | CN¥20.59 | x |
| 2002-12-31 | CN¥1.41 | CN¥20.59 | x |
| 2003-12-31 | CN¥1.39 | CN¥20.59 | x |
| 2004-12-31 | CN¥1.41 | CN¥20.59 | x |
| 2005-12-31 | CN¥1.44 | CN¥20.59 | x |
| 2006-12-31 | CN¥1.49 | CN¥20.59 | x |
| 2007-12-31 | CN¥1.50 | CN¥20.59 | x |
| 2008-12-31 | CN¥3.62 | CN¥20.59 | x |
| 2009-12-31 | CN¥3.68 | CN¥20.59 | x |
| 2010-12-31 | CN¥3.77 | CN¥20.59 | x |
| 2011-12-31 | CN¥4.52 | CN¥20.59 | x |
| 2012-12-31 | CN¥4.10 | CN¥20.59 | x |
| 2013-12-31 | CN¥4.36 | CN¥20.59 | x |
| 2014-12-31 | CN¥4.49 | CN¥20.59 | x |
| 2015-12-31 | CN¥5.65 | CN¥20.59 | x |
| 2016-12-31 | CN¥5.55 | CN¥20.59 | x |
| 2017-12-31 | CN¥5.68 | CN¥20.59 | x |
| 2018-12-31 | CN¥5.85 | CN¥20.59 | x |
| 2019-12-31 | CN¥6.32 | CN¥20.59 | x |
| 2020-12-31 | CN¥5.53 | CN¥20.59 | x |
| 2021-12-31 | CN¥5.69 | CN¥20.59 | x |
| 2022-12-31 | CN¥5.83 | CN¥20.59 | x |
| 2023-12-31 | CN¥7.05 | CN¥20.59 | x |
| 2024-12-31 | CN¥7.59 | CN¥20.59 | x |
| 2025-12-31 | CN¥7.99 | CN¥20.59 | 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): 5.18%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.81%
- • Asset Turnover: 0.53x
- • Equity Multiplier: 3.51x
- Recent ROE (5.18%) is below the historical average (7.11%), 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 | 12.49% | 18.56% | 0.45x | 1.48x | CN¥15.73 Million |
| 1999 | 3.97% | 7.99% | 0.32x | 1.57x | CN¥-70.36 Million |
| 2000 | 3.60% | 8.58% | 0.30x | 1.42x | CN¥-121.52 Million |
| 2001 | 2.42% | 4.97% | 0.35x | 1.37x | CN¥-143.49 Million |
| 2002 | 2.30% | 4.37% | 0.43x | 1.22x | CN¥-149.20 Million |
| 2003 | 0.95% | 2.01% | 0.39x | 1.23x | CN¥-173.31 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 | 3.40% | 3.93% | 0.55x | 1.57x | CN¥-135.72 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 | 0.92% | 0.82% | 0.46x | 2.44x | CN¥-1.06 Billion |
| 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 | 3.44% | 1.67% | 0.70x | 2.97x | CN¥-1.06 Billion |
| 2019 | 6.14% | 3.35% | 0.52x | 3.55x | CN¥-674.52 Million |
| 2020 | 5.08% | 2.32% | 0.57x | 3.82x | CN¥-753.22 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 |
| 2025 | 5.18% | 2.81% | 0.53x | 3.51x | CN¥-1.07 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: $1,540,533,143
- Average return on equity (ROE) among peers: 10.76%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| AVIC Aircraft Co Ltd (000768) | CN¥22.53 Billion | 51.45% | 2.43x | $8.38 Billion |
| Shaanxi Ligeance Mineral Resources Co Ltd (000697) | $738.32 Million | 10.95% | 0.40x | $2.35 Billion |
| Aecc Aero Engine Control Co Ltd (000738) | $469.47 Million | 0.73% | 0.33x | $3.62 Billion |
| Sichuan Haite High-tech Co Ltd (002023) | $1.05 Billion | 7.70% | 0.62x | $1.37 Billion |
| Aerospace CH UAV Co Ltd (002389) | $847.85 Million | 11.95% | 0.17x | $2.68 Billion |
| Kuang Chi Technologies Co Ltd (002625) | $7.59 Billion | 0.93% | 0.08x | $10.77 Billion |
| Beijing Emerging Eastern Aviation Equipment Co Ltd Class A (002933) | $680.95 Million | 16.28% | 0.10x | $501.94 Million |
| Chengdu Tianjian Technology Co Ltd (002977) | $376.04 Million | 25.55% | 0.52x | $430.82 Million |
| Beijing Bei Mo Gao Ke Friction Mate (002985) | $757.88 Million | 13.66% | 0.21x | $1.48 Billion |
| Shaanxi Zhongtian Rocket Technology (003009) | $1.35 Billion | 9.08% | 0.39x | $1.37 Billion |
About AVIC Aircraft Co Ltd
AVIC Xi'an Aircraft Industry Group Company Ltd. researches, develops, manufactures, sells, maintains, and services military aircraft and military and civilian aviation parts in China. It provides large and medium-sized military transport aircrafts, bombers, and special purpose aircrafts. It also offers development of key components such as fuselages and wings for the C909, C919, AG600, and MA ser… Read more