Avicopter PLC

SHG:600038 China Aerospace & Defense
Market Cap
$4.00 Billion
CN¥29.32 Billion CNY
Market Cap Rank
#5755 Global
#785 in China
Share Price
CN¥35.76
Change (1 day)
-1.27%
52-Week Range
CN¥33.86 - CN¥40.79
All Time High
CN¥80.52
Categories
Companies in China Aerospace & Defense
About

Avicopter Plc manufactures and sells helicopters in China and internationally. It offers unmanned and civil helicopters; helicopters parts; new energy and general aircraft; and aviation parts and services, as well as aviation subcontracting production and customized services. The company was formerly known as Hafei Aviation Industry Co., Ltd. and changed its name to Avicopter Plc in December 2014… Read more

Avicopter PLC (600038) - Net Assets

Latest net assets as of September 2025: CN¥17.36 Billion CNY

Based on the latest financial reports, Avicopter PLC (600038) has net assets worth CN¥17.36 Billion CNY as of September 2025.

Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥52.98 Billion) and total liabilities (CN¥35.62 Billion). 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.

Key Net Assets Metrics

Metric Value
Current Net Assets CN¥17.36 Billion
% of Total Assets 32.77%
Annual Growth Rate 22.17%
5-Year Change 78.75%
10-Year Change 149.68%
Growth Volatility 81.44

Avicopter PLC - Net Assets Trend (1997–2024)

This chart illustrates how Avicopter PLC's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.

Annual Net Assets for Avicopter PLC (1997–2024)

The table below shows the annual net assets of Avicopter PLC from 1997 to 2024.

Year Net Assets Change
2024-12-31 CN¥16.39 Billion +60.41%
2023-12-31 CN¥10.22 Billion +1.60%
2022-12-31 CN¥10.06 Billion +1.29%
2021-12-31 CN¥9.93 Billion +8.29%
2020-12-31 CN¥9.17 Billion +8.18%
2019-12-31 CN¥8.48 Billion +5.71%
2018-12-31 CN¥8.02 Billion +6.63%
2017-12-31 CN¥7.52 Billion +6.29%
2016-12-31 CN¥7.07 Billion +7.78%
2015-12-31 CN¥6.56 Billion +6.06%
2014-12-31 CN¥6.19 Billion +4.77%
2013-12-31 CN¥5.91 Billion +270.01%
2012-12-31 CN¥1.60 Billion +6.04%
2011-12-31 CN¥1.51 Billion +5.32%
2010-12-31 CN¥1.43 Billion +6.40%
2009-12-31 CN¥1.34 Billion +3.60%
2008-12-31 CN¥1.30 Billion +5.26%
2007-12-31 CN¥1.23 Billion +7.95%
2006-12-31 CN¥1.14 Billion -1.79%
2005-12-31 CN¥1.16 Billion +4.37%
2004-12-31 CN¥1.11 Billion +4.89%
2003-12-31 CN¥1.06 Billion +45.31%
2002-12-31 CN¥730.45 Million +9.05%
2001-12-31 CN¥669.86 Million +5.02%
2000-12-31 CN¥637.84 Million +351.57%
1999-12-31 CN¥141.25 Million +91.01%
1998-12-31 CN¥73.95 Million +0.61%
1997-12-31 CN¥73.50 Million --

Equity Component Analysis

This analysis shows how different components contribute to Avicopter PLC'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 374432200000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings CN¥3.74 Billion 23.07%
Common Stock CN¥819.89 Million 5.05%
Other Comprehensive Income CN¥2.13 Billion 13.11%
Other Components CN¥9.54 Billion 58.77%
Total Equity CN¥16.23 Billion 100.00%

Avicopter PLC Competitors by Market Cap

The table below lists competitors of Avicopter PLC ranked by their market capitalization.

Company Market Cap
KENON HLDGS LTD
F:76N
 		$1.53 Billion
Calibre Mining Corp
OTCQX:CXBMF
 		$1.53 Billion
HLA GROUP CORP LTD
SHG:600398
 		$1.54 Billion
PACS Group, Inc.
NYSE:PACS
 		$1.54 Billion
Netwealth Group Ltd
AU:NWL
 		$1.53 Billion
Skshu Paint Co Ltd
SHG:603737
 		$1.53 Billion
Stellar Bancorp, Inc.
NYSE:STEL
 		$1.53 Billion
Zhongrun Resources Investment
SHE:000506
 		$1.53 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Avicopter PLC's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 10,006,676,272 to 16,231,828,000, a change of 6,225,151,728 (62.2%).
  • Net income of 555,872,550 contributed positively to equity growth.
  • Dividend payments of 241,789,204 reduced retained earnings.
  • Other comprehensive income increased equity by 2,128,710,000.
  • Other factors increased equity by 3,782,358,382.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income CN¥555.87 Million +3.42%
Dividends Paid CN¥241.79 Million -1.49%
Other Comprehensive Income CN¥2.13 Billion +13.11%
Other Changes CN¥3.78 Billion +23.3%
Total Change CN¥- 62.21%

Book Value vs Market Value Analysis

This analysis compares Avicopter PLC'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: 1.49x
  • 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 164.16x to 1.49x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
1997-12-31 CN¥0.22 CN¥35.76 x
1998-12-31 CN¥0.22 CN¥35.76 x
1999-12-31 CN¥0.42 CN¥35.76 x
2000-12-31 CN¥1.89 CN¥35.76 x
2001-12-31 CN¥1.99 CN¥35.76 x
2002-12-31 CN¥2.16 CN¥35.76 x
2003-12-31 CN¥3.15 CN¥35.76 x
2004-12-31 CN¥3.30 CN¥35.76 x
2005-12-31 CN¥3.44 CN¥35.76 x
2006-12-31 CN¥3.38 CN¥35.76 x
2007-12-31 CN¥3.65 CN¥35.76 x
2008-12-31 CN¥3.84 CN¥35.76 x
2009-12-31 CN¥4.73 CN¥35.76 x
2010-12-31 CN¥4.24 CN¥35.76 x
2011-12-31 CN¥4.46 CN¥35.76 x
2012-12-31 CN¥3.28 CN¥35.76 x
2013-12-31 CN¥11.72 CN¥35.76 x
2014-12-31 CN¥10.47 CN¥35.76 x
2015-12-31 CN¥11.11 CN¥35.76 x
2016-12-31 CN¥11.63 CN¥35.76 x
2017-12-31 CN¥12.25 CN¥35.76 x
2018-12-31 CN¥13.09 CN¥35.76 x
2019-12-31 CN¥13.87 CN¥35.76 x
2020-12-31 CN¥15.04 CN¥35.76 x
2021-12-31 CN¥16.33 CN¥35.76 x
2022-12-31 CN¥16.54 CN¥35.76 x
2023-12-31 CN¥16.98 CN¥35.76 x
2024-12-31 CN¥23.95 CN¥35.76 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Avicopter PLC 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): 3.42%
  • The company may be facing challenges in efficiently utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 1.87%
  • • Asset Turnover: 0.57x
  • • Equity Multiplier: 3.22x
  • Recent ROE (3.42%) is below the historical average (8.56%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
1997 10.62% 6.33% 0.52x 3.25x CN¥453.05K
1998 27.98% 10.57% 0.87x 3.04x CN¥13.30 Million
1999 23.74% 17.46% 0.53x 2.54x CN¥19.41 Million
2000 5.34% 14.34% 0.31x 1.22x CN¥-29.75 Million
2001 8.14% 17.05% 0.35x 1.38x CN¥-12.47 Million
2002 8.30% 11.35% 0.50x 1.47x CN¥-12.45 Million
2003 6.44% 8.32% 0.59x 1.31x CN¥-37.80 Million
2004 6.99% 7.94% 0.58x 1.51x CN¥-33.48 Million
2005 7.09% 5.59% 0.84x 1.52x CN¥-33.85 Million
2006 8.47% 4.82% 0.93x 1.88x CN¥-17.48 Million
2007 7.91% 4.54% 0.88x 1.97x CN¥-25.80 Million
2008 7.60% 4.45% 0.77x 2.21x CN¥-31.08 Million
2009 5.99% 3.84% 0.77x 2.02x CN¥-53.90 Million
2010 8.37% 5.27% 0.82x 1.95x CN¥-23.28 Million
2011 7.29% 3.97% 0.88x 2.08x CN¥-40.73 Million
2012 15.16% 2.74% 1.77x 3.12x CN¥82.41 Million
2013 4.20% 2.28% 0.52x 3.52x CN¥-341.97 Million
2014 5.38% 2.66% 0.61x 3.30x CN¥-285.53 Million
2015 6.67% 3.48% 0.55x 3.47x CN¥-217.82 Million
2016 6.40% 3.51% 0.63x 2.89x CN¥-246.70 Million
2017 6.31% 3.78% 0.54x 3.12x CN¥-266.53 Million
2018 6.61% 3.91% 0.54x 3.11x CN¥-261.45 Million
2019 7.20% 3.72% 0.60x 3.22x CN¥-229.28 Million
2020 8.54% 3.85% 0.75x 2.97x CN¥-129.02 Million
2021 9.49% 4.19% 0.81x 2.81x CN¥-49.36 Million
2022 3.98% 1.99% 0.70x 2.84x CN¥-587.28 Million
2023 6.04% 2.27% 0.96x 2.78x CN¥-396.61 Million
2024 3.42% 1.87% 0.57x 3.22x CN¥-1.07 Billion

Industry Comparison

This section compares Avicopter PLC's net assets metrics with peer companies in the Aerospace & Defense industry.

Industry Context

  • Industry: Aerospace & Defense
  • Average net assets among peers: $1,905,739,972
  • Average return on equity (ROE) among peers: 11.22%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Avicopter PLC (600038) CN¥17.36 Billion 10.62% 2.05x $1.53 Billion
Shaanxi Ligeance Mineral Resources Co Ltd (000697) $102.23 Million 20.95% 1.61x $576.57 Million
Aecc Aero Engine Control Co Ltd (000738) $5.67 Billion 4.58% 0.28x $1.93 Billion
Zhejiang XiaSha Precision (001316) $476.25 Million 27.15% 0.22x $218.15 Million
Sichuan Haite High-tech Co Ltd (002023) $175.19 Million 19.07% 0.67x $850.82 Million
Aerospace CH UAV Co Ltd (002389) $6.37 Billion 3.80% 0.25x $1.81 Billion
Kuang Chi Technologies Co Ltd (002625) $602.65 Million 10.94% 0.23x $8.62 Billion
Beijing Emerging Eastern Aviation Equipment Co Ltd Class A (002933) $1.43 Billion -4.03% 0.22x $429.19 Million
Beijing Bei Mo Gao Ke Friction Mate (002985) $910.30 Million 16.48% 0.19x $833.21 Million
Shaanxi Zhongtian Rocket Technology  (003009) $421.86 Million 7.68% 1.25x $416.06 Million
Bestway Marine & Energy Technology Co Ltd (300008) $2.90 Billion 5.59% 0.31x $1.63 Billion