XiAn Tian He Defense Technology Co Ltd (300397) - Net Assets
Based on the latest financial reports, XiAn Tian He Defense Technology Co Ltd (300397) has net assets worth CN¥1.39 Billion CNY (≈ $203.28 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¥2.57 Billion ≈ $376.49 Million USD) and total liabilities (CN¥1.18 Billion ≈ $173.20 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. Check XiAn Tian He Defense Technology Co Ltd (300397) liquid assets ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.39 Billion |
| % of Total Assets | 53.99% |
| Annual Growth Rate | 15.56% |
| 5-Year Change | -0.5% |
| 10-Year Change | 18.57% |
| Growth Volatility | 35.21 |
XiAn Tian He Defense Technology Co Ltd - Net Assets Trend (2009–2024)
This chart illustrates how XiAn Tian He Defense Technology Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore 300397 current and non-current assets for the complete picture of this company's asset base.
Annual Net Assets for XiAn Tian He Defense Technology Co Ltd (2009–2024)
The table below shows the annual net assets of XiAn Tian He Defense Technology Co Ltd from 2009 to 2024. For live valuation and market cap data, see XiAn Tian He Defense Technology Co Ltd stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.48 Billion ≈ $216.02 Million |
-8.26% |
| 2023-12-31 | CN¥1.61 Billion ≈ $235.46 Million |
-12.15% |
| 2022-12-31 | CN¥1.83 Billion ≈ $268.01 Million |
-7.66% |
| 2021-12-31 | CN¥1.98 Billion ≈ $290.25 Million |
+33.69% |
| 2020-12-31 | CN¥1.48 Billion ≈ $217.10 Million |
+17.31% |
| 2019-12-31 | CN¥1.26 Billion ≈ $185.07 Million |
+13.03% |
| 2018-12-31 | CN¥1.12 Billion ≈ $163.74 Million |
-13.81% |
| 2017-12-31 | CN¥1.30 Billion ≈ $189.98 Million |
+6.74% |
| 2016-12-31 | CN¥1.22 Billion ≈ $177.98 Million |
-2.31% |
| 2015-12-31 | CN¥1.24 Billion ≈ $182.18 Million |
-3.87% |
| 2014-12-31 | CN¥1.30 Billion ≈ $189.52 Million |
+124.50% |
| 2013-12-31 | CN¥576.91 Million ≈ $84.42 Million |
+8.50% |
| 2012-12-31 | CN¥531.73 Million ≈ $77.81 Million |
+44.09% |
| 2011-12-31 | CN¥369.03 Million ≈ $54.00 Million |
+56.90% |
| 2010-12-31 | CN¥235.20 Million ≈ $34.42 Million |
+39.52% |
| 2009-12-31 | CN¥168.57 Million ≈ $24.67 Million |
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Equity Component Analysis
This analysis shows how different components contribute to XiAn Tian He Defense Technology 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 decreased by 266.1% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CN¥517.64 Million | 34.02% |
| Other Comprehensive Income | CN¥66.93 Million | 4.40% |
| Other Components | CN¥1.05 Billion | 68.72% |
| Total Equity | CN¥1.52 Billion | 100.00% |
XiAn Tian He Defense Technology Co Ltd Competitors by Market Cap
The table below lists competitors of XiAn Tian He Defense Technology Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Jiangsu Fasten Co Ltd
SHE:000890
|
$961.31 Million |
|
Nordic American Tankers Limited
NYSE:NAT
|
$961.35 Million |
|
Shanghai Baosteel Packaging
SHG:601968
|
$961.44 Million |
|
Jiangmen iDear-Hanyu Electrical Joint-Stock Co Ltd
SHE:300403
|
$961.79 Million |
|
Catalyst Metals Ltd
AU:CYL
|
$961.10 Million |
|
Daktronics Inc
NASDAQ:DAKT
|
$960.33 Million |
|
Fujian Guanfu Modern Household Wares Co Ltd
SHE:002102
|
$959.99 Million |
|
Hartalega Holdings Bhd
KLSE:5168
|
$959.79 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in XiAn Tian He Defense Technology Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,639,061,000 to 1,521,376,547, a change of -117,684,453 (-7.2%).
- Net loss of 105,368,684 reduced equity.
- Dividend payments of 16,522,921 reduced retained earnings.
- Other comprehensive income increased equity by 65,285,213.
- Other factors decreased equity by 61,078,061.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-105.37 Million | -6.93% |
| Dividends Paid | CN¥16.52 Million | -1.09% |
| Other Comprehensive Income | CN¥65.29 Million | +4.29% |
| Other Changes | CN¥-61.08 Million | -4.01% |
| Total Change | CN¥- | -7.18% |
Book Value vs Market Value Analysis
This analysis compares XiAn Tian He Defense Technology 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: 4.39x
- 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 24.58x to 4.39x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2009-12-31 | CN¥0.52 | CN¥12.69 | x |
| 2010-12-31 | CN¥0.73 | CN¥12.69 | x |
| 2011-12-31 | CN¥1.14 | CN¥12.69 | x |
| 2012-12-31 | CN¥1.64 | CN¥12.69 | x |
| 2013-12-31 | CN¥1.78 | CN¥12.69 | x |
| 2014-12-31 | CN¥3.68 | CN¥12.69 | x |
| 2015-12-31 | CN¥2.83 | CN¥12.69 | x |
| 2016-12-31 | CN¥2.63 | CN¥12.69 | x |
| 2017-12-31 | CN¥2.81 | CN¥12.69 | x |
| 2018-12-31 | CN¥2.43 | CN¥12.69 | x |
| 2019-12-31 | CN¥2.62 | CN¥12.69 | x |
| 2020-12-31 | CN¥2.89 | CN¥12.69 | x |
| 2021-12-31 | CN¥4.11 | CN¥12.69 | x |
| 2022-12-31 | CN¥3.52 | CN¥12.69 | x |
| 2023-12-31 | CN¥3.18 | CN¥12.69 | x |
| 2024-12-31 | CN¥2.89 | CN¥12.69 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently XiAn Tian He Defense Technology 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): -6.93%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -26.19%
- • Asset Turnover: 0.16x
- • Equity Multiplier: 1.61x
- Recent ROE (-6.93%) is below the historical average (7.18%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | 3.77% | 9.84% | 0.19x | 2.02x | CN¥-9.78 Million |
| 2010 | 49.03% | 38.83% | 0.79x | 1.59x | CN¥91.80 Million |
| 2011 | 36.27% | 43.71% | 0.63x | 1.31x | CN¥96.93 Million |
| 2012 | 30.60% | 46.73% | 0.52x | 1.25x | CN¥109.53 Million |
| 2013 | 25.38% | 48.26% | 0.41x | 1.29x | CN¥88.74 Million |
| 2014 | 5.81% | 33.76% | 0.15x | 1.16x | CN¥-54.23 Million |
| 2015 | -4.52% | -71.05% | 0.05x | 1.32x | CN¥-177.78 Million |
| 2016 | -6.13% | -32.42% | 0.13x | 1.42x | CN¥-186.08 Million |
| 2017 | 5.73% | 19.79% | 0.22x | 1.31x | CN¥-52.30 Million |
| 2018 | -16.21% | -64.48% | 0.19x | 1.33x | CN¥-275.24 Million |
| 2019 | 7.64% | 10.00% | 0.48x | 1.58x | CN¥-26.84 Million |
| 2020 | 8.29% | 8.42% | 0.65x | 1.52x | CN¥-21.15 Million |
| 2021 | -3.65% | -12.91% | 0.22x | 1.29x | CN¥-269.86 Million |
| 2022 | -8.24% | -30.13% | 0.20x | 1.39x | CN¥-334.71 Million |
| 2023 | -11.95% | -55.84% | 0.14x | 1.55x | CN¥-359.72 Million |
| 2024 | -6.93% | -26.19% | 0.16x | 1.61x | CN¥-257.51 Million |
Industry Comparison
This section compares XiAn Tian He Defense Technology Co Ltd's net assets metrics with peer companies in the Aerospace & Defense industry.
Industry Context
- Industry: Aerospace & Defense
- Average net assets among peers: $3,620,814,038
- Average return on equity (ROE) among peers: 5.63%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| XiAn Tian He Defense Technology Co Ltd (300397) | CN¥1.39 Billion | 3.77% | 0.85x | $961.22 Million |
| Shaanxi Ligeance Mineral Resources Co Ltd (000697) | $760.88 Million | 1.58% | 0.73x | $1.30 Billion |
| Aecc Aero Engine Control Co Ltd (000738) | $673.02 Million | 0.79% | 0.67x | $3.99 Billion |
| AVIC Aircraft Co Ltd (000768) | $9.77 Billion | 3.23% | 0.74x | $9.56 Billion |
| Sichuan Haite High-tech Co Ltd (002023) | $4.21 Billion | 0.31% | 0.67x | $1.37 Billion |
| Aerospace CH UAV Co Ltd (002389) | $8.22 Billion | 1.07% | 0.33x | $3.17 Billion |
| Kuang Chi Technologies Co Ltd (002625) | $8.14 Billion | 3.33% | 0.10x | $12.35 Billion |
| Beijing Emerging Eastern Aviation Equipment Co Ltd Class A (002933) | $680.95 Million | 16.28% | 0.10x | $527.52 Million |
| Chengdu Tianjian Technology Co Ltd (002977) | $1.09 Billion | 1.47% | 0.15x | $476.52 Million |
| Beijing Bei Mo Gao Ke Friction Mate (002985) | $1.13 Billion | 18.87% | 0.17x | $1.73 Billion |
| Shaanxi Zhongtian Rocket Technology (003009) | $1.53 Billion | 9.41% | 0.94x | $1.37 Billion |
About XiAn Tian He Defense Technology Co Ltd
Xi'an Tianhe Defense Technology Co., Ltd., together with its subsidiaries, engages in military equipment, intelligent security, integrated electronics, communication electronics, and intelligent coastal defense businesses in China and internationally. The company offers short-range low-altitude three-dimensional defense equipment, digital system solutions, battlefield environment awareness and ap… Read more