Avary Holding Shenzhen Co Ltd Class A (002938) - Net Assets
Based on the latest financial reports, Avary Holding Shenzhen Co Ltd Class A (002938) has net assets worth CN¥32.87 Billion CNY (≈ $4.81 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¥47.93 Billion ≈ $7.01 Billion USD) and total liabilities (CN¥15.06 Billion ≈ $2.20 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 how resilient are Avary Holding Shenzhen Co Ltd Class A's assets to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥32.87 Billion |
| % of Total Assets | 68.58% |
| Annual Growth Rate | 14.25% |
| 5-Year Change | 49.92% |
| 10-Year Change | 213.6% |
| Growth Volatility | 12.07 |
Avary Holding Shenzhen Co Ltd Class A - Net Assets Trend (2014–2024)
This chart illustrates how Avary Holding Shenzhen Co Ltd Class A's net assets have evolved over time, based on quarterly financial data. Also explore Avary Holding Shenzhen Co Ltd Class A total assets for the complete picture of this company's asset base.
Annual Net Assets for Avary Holding Shenzhen Co Ltd Class A (2014–2024)
The table below shows the annual net assets of Avary Holding Shenzhen Co Ltd Class A from 2014 to 2024. For live valuation and market cap data, see market value of Avary Holding Shenzhen Co Ltd Class A.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥32.32 Billion ≈ $4.73 Billion |
+8.92% |
| 2023-12-31 | CN¥29.68 Billion ≈ $4.34 Billion |
+6.22% |
| 2022-12-31 | CN¥27.94 Billion ≈ $4.09 Billion |
+17.32% |
| 2021-12-31 | CN¥23.81 Billion ≈ $3.48 Billion |
+10.45% |
| 2020-12-31 | CN¥21.56 Billion ≈ $3.15 Billion |
+8.72% |
| 2019-12-31 | CN¥19.83 Billion ≈ $2.90 Billion |
+10.85% |
| 2018-12-31 | CN¥17.89 Billion ≈ $2.62 Billion |
+45.63% |
| 2017-12-31 | CN¥12.28 Billion ≈ $1.80 Billion |
+20.48% |
| 2016-12-31 | CN¥10.20 Billion ≈ $1.49 Billion |
-1.08% |
| 2015-12-31 | CN¥10.31 Billion ≈ $1.51 Billion |
+20.89% |
| 2014-12-31 | CN¥8.53 Billion ≈ $1.25 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to Avary Holding Shenzhen 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 339.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥15.96 Billion | 49.70% |
| Common Stock | CN¥2.32 Billion | 7.22% |
| Other Comprehensive Income | CN¥2.18 Billion | 6.80% |
| Other Components | CN¥11.65 Billion | 36.27% |
| Total Equity | CN¥32.11 Billion | 100.00% |
Avary Holding Shenzhen Co Ltd Class A Competitors by Market Cap
The table below lists competitors of Avary Holding Shenzhen Co Ltd Class A ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
United Microelectronics
NYSE:UMC
|
$24.46 Billion |
|
Jabil Circuit Inc
NYSE:JBL
|
$24.48 Billion |
|
Partners Group Holding AG
SW:PGHN
|
$24.50 Billion |
|
Cathay Financial Holding Co Ltd Pref A
TW:2882A
|
$24.53 Billion |
|
Swiss Life Holding AG
SW:SLHN
|
$24.44 Billion |
|
Hyundai Electric & Energy Systems Co Ltd
KO:267260
|
$24.39 Billion |
|
Alfa Laval AB
ST:ALFA
|
$24.38 Billion |
|
Willis Towers Watson PLC
NASDAQ:WTW
|
$24.37 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Avary Holding Shenzhen Co Ltd Class A's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 29,650,687,131 to 32,109,843,557, a change of 2,459,156,426 (8.3%).
- Net income of 3,620,351,399 contributed positively to equity growth.
- Dividend payments of 1,277,219,417 reduced retained earnings.
- Share repurchases of 30,329,040 reduced equity.
- Other comprehensive income decreased equity by 6,649,507.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥3.62 Billion | +11.27% |
| Dividends Paid | CN¥1.28 Billion | -3.98% |
| Share Repurchases | CN¥30.33 Million | -0.09% |
| Other Comprehensive Income | CN¥-6.65 Million | -0.02% |
| Other Changes | CN¥153.00 Million | +0.48% |
| Total Change | CN¥- | 8.29% |
Book Value vs Market Value Analysis
This analysis compares Avary Holding Shenzhen 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: 5.21x
- 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 14.33x to 5.21x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2014-12-31 | CN¥5.03 | CN¥72.05 | x |
| 2015-12-31 | CN¥6.08 | CN¥72.05 | x |
| 2016-12-31 | CN¥5.99 | CN¥72.05 | x |
| 2017-12-31 | CN¥6.25 | CN¥72.05 | x |
| 2018-12-31 | CN¥8.39 | CN¥72.05 | x |
| 2019-12-31 | CN¥8.58 | CN¥72.05 | x |
| 2020-12-31 | CN¥9.33 | CN¥72.05 | x |
| 2021-12-31 | CN¥10.27 | CN¥72.05 | x |
| 2022-12-31 | CN¥12.08 | CN¥72.05 | x |
| 2023-12-31 | CN¥12.81 | CN¥72.05 | x |
| 2024-12-31 | CN¥13.84 | CN¥72.05 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Avary Holding Shenzhen 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): 11.27%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.30%
- • Asset Turnover: 0.79x
- • Equity Multiplier: 1.39x
- Recent ROE (11.27%) is below the historical average (13.98%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 16.59% | 9.18% | 1.00x | 1.81x | CN¥561.61 Million |
| 2015 | 14.81% | 8.93% | 0.94x | 1.76x | CN¥495.38 Million |
| 2016 | 9.85% | 5.86% | 0.93x | 1.81x | CN¥-15.52 Million |
| 2017 | 14.88% | 7.64% | 1.03x | 1.89x | CN¥599.02 Million |
| 2018 | 15.49% | 10.72% | 0.95x | 1.53x | CN¥982.46 Million |
| 2019 | 14.75% | 10.99% | 0.92x | 1.46x | CN¥941.69 Million |
| 2020 | 13.18% | 9.52% | 0.90x | 1.54x | CN¥685.67 Million |
| 2021 | 13.93% | 9.96% | 0.94x | 1.49x | CN¥935.98 Million |
| 2022 | 17.94% | 13.84% | 0.93x | 1.39x | CN¥2.22 Billion |
| 2023 | 11.09% | 10.25% | 0.76x | 1.43x | CN¥321.88 Million |
| 2024 | 11.27% | 10.30% | 0.79x | 1.39x | CN¥409.37 Million |
Industry Comparison
This section compares Avary Holding Shenzhen Co Ltd Class A's net assets metrics with peer companies in the Electronic Components industry.
Industry Context
- Industry: Electronic Components
- Average net assets among peers: $11,609,504,595
- Average return on equity (ROE) among peers: 1.01%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Avary Holding Shenzhen Co Ltd Class A (002938) | CN¥32.87 Billion | 16.59% | 0.46x | $24.44 Billion |
| Shenzhen Zhongheng Huafa Co Ltd Class A (000020) | $323.97 Million | 1.02% | 0.90x | $423.10 Million |
| Shenzhen Desay Battery Technology Co Ltd (000049) | $203.29 Million | 0.52% | 1.32x | $1.63 Billion |
| Shenzhen Huakong Seg Co Ltd (000068) | $778.27 Million | -23.01% | 3.77x | $483.17 Million |
| CPT Technology Group Co Ltd (000536) | $12.84 Billion | 1.60% | 0.64x | $1.59 Billion |
| Guangdong Fenghua Advanced Technology Holding Co Ltd (000636) | $2.08 Billion | 2.04% | 0.58x | $4.25 Billion |
| Xiamen Xindeco Ltd (000701) | $3.04 Billion | 0.36% | 4.90x | $586.43 Million |
| BOE Technology Group Co Ltd (000725) | $76.96 Billion | 3.33% | 0.77x | $21.70 Billion |
| China Zhenhua Group Science & Technology Co Ltd (000733) | $14.75 Billion | 6.58% | 0.22x | $3.46 Billion |
| Beijing Zhong Ke San Huan High-Tech Co Ltd (000970) | $1.45 Billion | 6.74% | 0.70x | $2.15 Billion |
| Guizhou Space Appliance Co Ltd (002025) | $3.68 Billion | 10.94% | 0.52x | $4.88 Billion |
About Avary Holding Shenzhen Co Ltd Class A
Avary Holding(Shenzhen)Co., Limited engages in the research, design, development, manufacture, and sale of printed circuit boards in China, the United States, rest of Asia, and Europe. Its products are used in communication, consumer electronics, computer, and automotive electronics, as well as in industrial control industries. The company was founded in 1999 and is based in Shenzhen, China. Avar… Read more