AVIC Aircraft Co Ltd (000768) - Net Assets
Based on the latest financial reports, AVIC Aircraft Co Ltd (000768) has net assets worth CN¥21.80 Billion CNY (≈ $3.19 Billion USD) 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 ≈ $10.84 Billion USD) and total liabilities (CN¥52.31 Billion ≈ $7.65 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 asset resilience ratio of AVIC Aircraft Co Ltd to evaluate the company's liquid asset resilience ratio.
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. Also explore AVIC Aircraft Co Ltd balance sheet assets for the complete picture of this company's asset base.
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. For live valuation and market cap data, see AVIC Aircraft Co Ltd stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 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 |
+2.49% |
| 2021-12-31 | CN¥15.74 Billion ≈ $2.30 Billion |
+2.85% |
| 2020-12-31 | CN¥15.31 Billion ≈ $2.24 Billion |
-7.81% |
| 2019-12-31 | CN¥16.60 Billion ≈ $2.43 Billion |
-14.04% |
| 2018-12-31 | CN¥19.31 Billion ≈ $2.83 Billion |
+9.43% |
| 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 |
+20.77% |
| 2011-12-31 | CN¥10.10 Billion ≈ $1.48 Billion |
+1.30% |
| 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 |
+6.10% |
| 2006-12-31 | CN¥2.13 Billion ≈ $311.33 Million |
+3.46% |
| 2005-12-31 | CN¥2.06 Billion ≈ $300.92 Million |
+1.71% |
| 2004-12-31 | CN¥2.02 Billion ≈ $295.85 Million |
+0.20% |
| 2003-12-31 | CN¥2.02 Billion ≈ $295.25 Million |
+1.59% |
| 2002-12-31 | CN¥1.99 Billion ≈ $290.63 Million |
+0.21% |
| 2001-12-31 | CN¥1.98 Billion ≈ $290.01 Million |
-0.39% |
| 2000-12-31 | CN¥1.99 Billion ≈ $291.15 Million |
+58.46% |
| 1999-12-31 | CN¥1.26 Billion ≈ $183.74 Million |
+73.75% |
| 1998-12-31 | CN¥722.68 Million ≈ $105.75 Million |
+11.25% |
| 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 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 |
|---|---|
|
Klepierre SA
PA:LI
|
$9.57 Billion |
|
Epiroc AB (publ)
ST:EPI-B
|
$9.58 Billion |
|
Sinomine Resource Exploration Co Ltd
SHE:002738
|
$9.59 Billion |
|
Xizang Haisco Pharmaceutical Group Co Ltd
SHE:002653
|
$9.59 Billion |
|
Popular Inc
NASDAQ:BPOP
|
$9.56 Billion |
|
MOWI ASA SP.ADR
F:PNDA
|
$9.54 Billion |
|
Weichai Power Co. Ltd
F:WI4
|
$9.54 Billion |
|
Renault SA
PA:RNO
|
$9.51 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: 3.09x
- 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 292.35x to 3.09x 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¥23.50 | x |
| 1995-12-31 | CN¥0.08 | CN¥23.50 | x |
| 1996-12-31 | CN¥0.10 | CN¥23.50 | x |
| 1997-12-31 | CN¥0.40 | CN¥23.50 | x |
| 1998-12-31 | CN¥0.46 | CN¥23.50 | x |
| 1999-12-31 | CN¥0.85 | CN¥23.50 | x |
| 2000-12-31 | CN¥1.38 | CN¥23.50 | x |
| 2001-12-31 | CN¥1.37 | CN¥23.50 | x |
| 2002-12-31 | CN¥1.38 | CN¥23.50 | x |
| 2003-12-31 | CN¥1.40 | CN¥23.50 | x |
| 2004-12-31 | CN¥1.41 | CN¥23.50 | x |
| 2005-12-31 | CN¥1.44 | CN¥23.50 | x |
| 2006-12-31 | CN¥1.48 | CN¥23.50 | x |
| 2007-12-31 | CN¥1.50 | CN¥23.50 | x |
| 2008-12-31 | CN¥3.62 | CN¥23.50 | x |
| 2009-12-31 | CN¥3.68 | CN¥23.50 | x |
| 2010-12-31 | CN¥3.77 | CN¥23.50 | x |
| 2011-12-31 | CN¥3.65 | CN¥23.50 | x |
| 2012-12-31 | CN¥4.10 | CN¥23.50 | x |
| 2013-12-31 | CN¥4.36 | CN¥23.50 | x |
| 2014-12-31 | CN¥4.49 | CN¥23.50 | x |
| 2015-12-31 | CN¥5.65 | CN¥23.50 | x |
| 2016-12-31 | CN¥5.55 | CN¥23.50 | x |
| 2017-12-31 | CN¥5.68 | CN¥23.50 | x |
| 2018-12-31 | CN¥5.80 | CN¥23.50 | x |
| 2019-12-31 | CN¥5.98 | CN¥23.50 | x |
| 2020-12-31 | CN¥5.53 | CN¥23.50 | x |
| 2021-12-31 | CN¥5.69 | CN¥23.50 | x |
| 2022-12-31 | CN¥5.83 | CN¥23.50 | x |
| 2023-12-31 | CN¥7.05 | CN¥23.50 | x |
| 2024-12-31 | CN¥7.59 | CN¥23.50 | 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: $2,000,575,708
- Average return on equity (ROE) among peers: 1.51%
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 | $9.56 Billion |
| Shaanxi Ligeance Mineral Resources Co Ltd (000697) | $738.32 Million | 10.95% | 0.40x | $1.30 Billion |
| Aecc Aero Engine Control Co Ltd (000738) | $431.62 Million | -51.07% | 1.07x | $3.99 Billion |
| Sichuan Haite High-tech Co Ltd (002023) | $133.27 Million | 20.72% | 0.75x | $1.37 Billion |
| Aerospace CH UAV Co Ltd (002389) | $3.39 Billion | 2.95% | 0.09x | $3.17 Billion |
| Kuang Chi Technologies Co Ltd (002625) | $8.23 Billion | 4.58% | 0.12x | $12.35 Billion |
| Beijing Emerging Eastern Aviation Equipment Co Ltd Class A (002933) | $1.48 Billion | 0.96% | 0.66x | $527.52 Million |
| Chengdu Tianjian Technology Co Ltd (002977) | $1.07 Billion | 6.83% | 0.26x | $476.52 Million |
| Beijing Bei Mo Gao Ke Friction Mate (002985) | $910.30 Million | 16.48% | 0.19x | $1.73 Billion |
| Shaanxi Zhongtian Rocket Technology (003009) | $1.63 Billion | 1.20% | 0.91x | $1.37 Billion |
About AVIC Aircraft Co Ltd
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