Shaanxi Zhongtian Rocket Technology (003009) - Net Assets
Based on the latest financial reports, Shaanxi Zhongtian Rocket Technology (003009) has net assets worth CN¥1.54 Billion CNY (≈ $225.45 Million 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¥2.98 Billion ≈ $435.73 Million USD) and total liabilities (CN¥1.44 Billion ≈ $210.28 Million 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. Also explore 003009 asset base for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.54 Billion |
| % of Total Assets | 51.74% |
| Annual Growth Rate | 18.36% |
| 5-Year Change | 31.74% |
| 10-Year Change | N/A |
| Growth Volatility | 22.47 |
Shaanxi Zhongtian Rocket Technology - Net Assets Trend (2016–2024)
This chart illustrates how Shaanxi Zhongtian Rocket Technology 's net assets have evolved over time, based on quarterly financial data. Check Shaanxi Zhongtian Rocket Technology tangible book value ratio to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Shaanxi Zhongtian Rocket Technology (2016–2024)
The table below shows the annual net assets of Shaanxi Zhongtian Rocket Technology from 2016 to 2024. For live valuation and market cap data, see market cap of Shaanxi Zhongtian Rocket Technology .
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.63 Billion ≈ $237.84 Million |
+0.61% |
| 2023-12-31 | CN¥1.62 Billion ≈ $236.41 Million |
+5.36% |
| 2022-12-31 | CN¥1.53 Billion ≈ $224.37 Million |
+13.76% |
| 2021-12-31 | CN¥1.35 Billion ≈ $197.24 Million |
+9.25% |
| 2020-12-31 | CN¥1.23 Billion ≈ $180.53 Million |
+76.61% |
| 2019-12-31 | CN¥698.57 Million ≈ $102.22 Million |
+15.56% |
| 2018-12-31 | CN¥604.49 Million ≈ $88.46 Million |
+13.88% |
| 2017-12-31 | CN¥530.83 Million ≈ $77.68 Million |
+25.83% |
| 2016-12-31 | CN¥421.86 Million ≈ $61.73 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Shaanxi Zhongtian Rocket Technology '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 532.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥706.29 Million | 43.46% |
| Common Stock | CN¥155.39 Million | 9.56% |
| Other Components | CN¥763.64 Million | 46.98% |
| Total Equity | CN¥1.63 Billion | 100.00% |
Shaanxi Zhongtian Rocket Technology Competitors by Market Cap
The table below lists competitors of Shaanxi Zhongtian Rocket Technology ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Juli Sling Co Ltd
SHE:002342
|
$1.08 Billion |
|
Société de Services de Participations de Direction et d'Elaboration
BR:SPA
|
$1.08 Billion |
|
Loma Negra Compañía Industrial Argentina Sociedad Anónima
F:8LN
|
$1.08 Billion |
|
Marten Transport Ltd
NASDAQ:MRTN
|
$1.08 Billion |
|
Foxsemicon Integrated Technology Inc
TW:3413
|
$1.08 Billion |
|
Three Squirrels
SHE:300783
|
$1.08 Billion |
|
Hitevision Co Ltd
SHE:002955
|
$1.08 Billion |
|
Xiamen Jihong Package Technology Ltd
SHE:002803
|
$1.08 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shaanxi Zhongtian Rocket Technology 's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,615,552,446 to 1,625,328,321, a change of 9,775,875 (0.6%).
- Net income of 19,566,157 contributed positively to equity growth.
- Dividend payments of 19,165,314 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥19.57 Million | +1.2% |
| Dividends Paid | CN¥19.17 Million | -1.18% |
| Other Changes | CN¥9.38 Million | +0.58% |
| Total Change | CN¥- | 0.61% |
Book Value vs Market Value Analysis
This analysis compares Shaanxi Zhongtian Rocket Technology '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: 4.53x
- 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 8.09x to 4.53x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | CN¥5.86 | CN¥47.43 | x |
| 2017-12-31 | CN¥7.30 | CN¥47.43 | x |
| 2018-12-31 | CN¥5.15 | CN¥47.43 | x |
| 2019-12-31 | CN¥6.27 | CN¥47.43 | x |
| 2020-12-31 | CN¥7.94 | CN¥47.43 | x |
| 2021-12-31 | CN¥8.67 | CN¥47.43 | x |
| 2022-12-31 | CN¥9.46 | CN¥47.43 | x |
| 2023-12-31 | CN¥10.43 | CN¥47.43 | x |
| 2024-12-31 | CN¥10.46 | CN¥47.43 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shaanxi Zhongtian Rocket Technology 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): 1.20%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.12%
- • Asset Turnover: 0.30x
- • Equity Multiplier: 1.91x
- Recent ROE (1.20%) is below the historical average (8.93%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 7.68% | 8.35% | 0.41x | 2.25x | CN¥-9.79 Million |
| 2017 | 11.65% | 11.63% | 0.50x | 1.99x | CN¥8.77 Million |
| 2018 | 12.90% | 11.67% | 0.53x | 2.10x | CN¥17.52 Million |
| 2019 | 14.16% | 12.42% | 0.59x | 1.92x | CN¥29.09 Million |
| 2020 | 8.38% | 11.98% | 0.50x | 1.41x | CN¥-19.93 Million |
| 2021 | 9.08% | 12.05% | 0.54x | 1.39x | CN¥-12.44 Million |
| 2022 | 9.41% | 11.67% | 0.42x | 1.94x | CN¥-9.10 Million |
| 2023 | 5.94% | 8.14% | 0.39x | 1.89x | CN¥-65.54 Million |
| 2024 | 1.20% | 2.12% | 0.30x | 1.91x | CN¥-142.97 Million |
Industry Comparison
This section compares Shaanxi Zhongtian Rocket Technology 's net assets metrics with peer companies in the Aerospace & Defense industry.
Industry Context
- Industry: Aerospace & Defense
- Average net assets among peers: $2,050,695,361
- Average return on equity (ROE) among peers: 8.72%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shaanxi Zhongtian Rocket Technology (003009) | CN¥1.54 Billion | 7.68% | 0.93x | $1.08 Billion |
| Shaanxi Ligeance Mineral Resources Co Ltd (000697) | $75.15 Million | 6.84% | 0.91x | $1.71 Billion |
| Aecc Aero Engine Control Co Ltd (000738) | $1.06 Billion | 13.30% | 0.99x | $3.58 Billion |
| AVIC Aircraft Co Ltd (000768) | $219.41 Million | 18.14% | 1.14x | $8.69 Billion |
| Sichuan Haite High-tech Co Ltd (002023) | $3.75 Billion | 1.06% | 0.21x | $1.04 Billion |
| Aerospace CH UAV Co Ltd (002389) | $1.46 Billion | 4.45% | 0.22x | $2.68 Billion |
| Kuang Chi Technologies Co Ltd (002625) | $8.23 Billion | 4.58% | 0.12x | $9.77 Billion |
| Beijing Emerging Eastern Aviation Equipment Co Ltd Class A (002933) | $1.45 Billion | 9.78% | 0.07x | $440.63 Million |
| Chengdu Tianjian Technology Co Ltd (002977) | $1.09 Billion | 1.47% | 0.15x | $375.45 Million |
| Beijing Bei Mo Gao Ke Friction Mate (002985) | $1.13 Billion | 18.87% | 0.17x | $1.28 Billion |
About Shaanxi Zhongtian Rocket Technology
Shaanxi Zhongtian Rocket Technology Co., Ltd engages in the research, development, production, and sale of solid rockets and related products in China. It operates through the Solid Rocket Business, Core Materials and Extended Business, and Measurement and Control Extended Business segments. The company offers rain-enhancing and hail-prevention rockets, sounding and small rockets, guided rockets,… Read more