China Spacesat Co Ltd (600118) - Net Assets
Based on the latest financial reports, China Spacesat Co Ltd (600118) has net assets worth CN¥8.08 Billion CNY (≈ $1.18 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¥14.31 Billion ≈ $2.09 Billion USD) and total liabilities (CN¥6.23 Billion ≈ $911.29 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 600118 asset liquidity ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥8.08 Billion |
| % of Total Assets | 56.47% |
| Annual Growth Rate | 20.13% |
| 5-Year Change | 4.39% |
| 10-Year Change | 49.4% |
| Growth Volatility | 70.95 |
China Spacesat Co Ltd - Net Assets Trend (1994–2024)
This chart illustrates how China Spacesat Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore China Spacesat Co Ltd asset portfolio for the complete picture of this company's asset base.
Annual Net Assets for China Spacesat Co Ltd (1994–2024)
The table below shows the annual net assets of China Spacesat Co Ltd from 1994 to 2024. For live valuation and market cap data, see China Spacesat Co Ltd market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥8.08 Billion ≈ $1.18 Billion |
-1.34% |
| 2023-12-31 | CN¥8.19 Billion ≈ $1.20 Billion |
+0.59% |
| 2022-12-31 | CN¥8.14 Billion ≈ $1.19 Billion |
+2.62% |
| 2021-12-31 | CN¥7.94 Billion ≈ $1.16 Billion |
+2.50% |
| 2020-12-31 | CN¥7.74 Billion ≈ $1.13 Billion |
+5.45% |
| 2019-12-31 | CN¥7.34 Billion ≈ $1.07 Billion |
+10.67% |
| 2018-12-31 | CN¥6.63 Billion ≈ $970.86 Million |
+4.94% |
| 2017-12-31 | CN¥6.32 Billion ≈ $925.15 Million |
+9.93% |
| 2016-12-31 | CN¥5.75 Billion ≈ $841.59 Million |
+6.31% |
| 2015-12-31 | CN¥5.41 Billion ≈ $791.64 Million |
+9.32% |
| 2014-12-31 | CN¥4.95 Billion ≈ $724.13 Million |
+8.25% |
| 2013-12-31 | CN¥4.57 Billion ≈ $668.92 Million |
+59.54% |
| 2012-12-31 | CN¥2.87 Billion ≈ $419.28 Million |
+27.51% |
| 2011-12-31 | CN¥2.25 Billion ≈ $328.83 Million |
+13.27% |
| 2010-12-31 | CN¥1.98 Billion ≈ $290.30 Million |
+18.73% |
| 2009-12-31 | CN¥1.67 Billion ≈ $244.51 Million |
+10.15% |
| 2008-12-31 | CN¥1.52 Billion ≈ $221.99 Million |
-6.03% |
| 2007-12-31 | CN¥1.61 Billion ≈ $236.24 Million |
+286.49% |
| 2006-12-31 | CN¥417.71 Million ≈ $61.12 Million |
+6.78% |
| 2005-12-31 | CN¥391.20 Million ≈ $57.24 Million |
-12.10% |
| 2004-12-31 | CN¥445.05 Million ≈ $65.12 Million |
+8.67% |
| 2003-12-31 | CN¥409.54 Million ≈ $59.93 Million |
+10.95% |
| 2002-12-31 | CN¥369.12 Million ≈ $54.01 Million |
+24.49% |
| 2001-12-31 | CN¥296.52 Million ≈ $43.39 Million |
-0.67% |
| 2000-12-31 | CN¥298.51 Million ≈ $43.68 Million |
+8.52% |
| 1999-12-31 | CN¥275.08 Million ≈ $40.25 Million |
+12.24% |
| 1998-12-31 | CN¥245.08 Million ≈ $35.86 Million |
+14.08% |
| 1997-12-31 | CN¥214.84 Million ≈ $31.44 Million |
+293.39% |
| 1996-12-31 | CN¥54.61 Million ≈ $7.99 Million |
+52.04% |
| 1995-12-31 | CN¥35.92 Million ≈ $5.26 Million |
+9.06% |
| 1994-12-31 | CN¥32.93 Million ≈ $4.82 Million |
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Equity Component Analysis
This analysis shows how different components contribute to China Spacesat 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 317757682800.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥3.18 Billion | 50.11% |
| Common Stock | CN¥1.18 Billion | 18.65% |
| Other Comprehensive Income | CN¥10.90 Million | 0.17% |
| Other Components | CN¥1.97 Billion | 31.07% |
| Total Equity | CN¥6.34 Billion | 100.00% |
China Spacesat Co Ltd Competitors by Market Cap
The table below lists competitors of China Spacesat Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Banco Bradesco S/A ADR
NYSE:BBDO
|
$18.54 Billion |
|
LyondellBasell Industries NV
NYSE:LYB
|
$18.54 Billion |
|
Mega Financial Holding Co Ltd
TW:2886
|
$18.55 Billion |
|
Knorr-Bremse AG
F:KBX
|
$18.55 Billion |
|
MACOM Technology Solutions Holdings Inc
NASDAQ:MTSI
|
$18.53 Billion |
|
KNORR-BREMS. UNSP.ADRS1/4
F:KBXA
|
$18.50 Billion |
|
Heineken Holding NV
AS:HEIO
|
$18.45 Billion |
|
COCA COLA HBC AG ADRS
F:CCKC
|
$18.44 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in China Spacesat Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 6,336,636,313 to 6,340,935,472, a change of 4,299,159 (0.1%).
- Net income of 27,913,996 contributed positively to equity growth.
- Dividend payments of 56,449,940 reduced retained earnings.
- Other comprehensive income decreased equity by 1,863,022.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥27.91 Million | +0.44% |
| Dividends Paid | CN¥56.45 Million | -0.89% |
| Other Comprehensive Income | CN¥-1.86 Million | -0.03% |
| Other Changes | CN¥34.70 Million | +0.55% |
| Total Change | CN¥- | 0.07% |
Book Value vs Market Value Analysis
This analysis compares China Spacesat 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: 23.57x
- 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 2270.88x to 23.57x 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¥0.05 | CN¥107.10 | x |
| 1995-12-31 | CN¥0.05 | CN¥107.10 | x |
| 1996-12-31 | CN¥0.08 | CN¥107.10 | x |
| 1997-12-31 | CN¥0.31 | CN¥107.10 | x |
| 1998-12-31 | CN¥0.35 | CN¥107.10 | x |
| 1999-12-31 | CN¥0.38 | CN¥107.10 | x |
| 2000-12-31 | CN¥0.40 | CN¥107.10 | x |
| 2001-12-31 | CN¥0.40 | CN¥107.10 | x |
| 2002-12-31 | CN¥0.43 | CN¥107.10 | x |
| 2003-12-31 | CN¥0.46 | CN¥107.10 | x |
| 2004-12-31 | CN¥0.46 | CN¥107.10 | x |
| 2005-12-31 | CN¥0.47 | CN¥107.10 | x |
| 2006-12-31 | CN¥0.56 | CN¥107.10 | x |
| 2007-12-31 | CN¥2.03 | CN¥107.10 | x |
| 2008-12-31 | CN¥1.58 | CN¥107.10 | x |
| 2009-12-31 | CN¥1.80 | CN¥107.10 | x |
| 2010-12-31 | CN¥2.01 | CN¥107.10 | x |
| 2011-12-31 | CN¥1.85 | CN¥107.10 | x |
| 2012-12-31 | CN¥2.31 | CN¥107.10 | x |
| 2013-12-31 | CN¥3.71 | CN¥107.10 | x |
| 2014-12-31 | CN¥3.62 | CN¥107.10 | x |
| 2015-12-31 | CN¥3.83 | CN¥107.10 | x |
| 2016-12-31 | CN¥4.17 | CN¥107.10 | x |
| 2017-12-31 | CN¥4.43 | CN¥107.10 | x |
| 2018-12-31 | CN¥4.59 | CN¥107.10 | x |
| 2019-12-31 | CN¥4.84 | CN¥107.10 | x |
| 2020-12-31 | CN¥4.99 | CN¥107.10 | x |
| 2021-12-31 | CN¥5.10 | CN¥107.10 | x |
| 2022-12-31 | CN¥5.29 | CN¥107.10 | x |
| 2023-12-31 | CN¥5.23 | CN¥107.10 | x |
| 2024-12-31 | CN¥4.54 | CN¥107.10 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently China Spacesat 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): 0.44%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.54%
- • Asset Turnover: 0.39x
- • Equity Multiplier: 2.09x
- Recent ROE (0.44%) is below the historical average (9.90%), 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 | 28.72% | 7.61% | 0.77x | 4.89x | CN¥6.16 Million |
| 1995 | 41.56% | 8.49% | 1.34x | 3.66x | CN¥11.34 Million |
| 1996 | 23.93% | 10.78% | 0.93x | 2.38x | CN¥7.61 Million |
| 1997 | 12.93% | 14.56% | 0.69x | 1.28x | CN¥6.27 Million |
| 1998 | 12.26% | 18.98% | 0.59x | 1.09x | CN¥5.50 Million |
| 1999 | 8.40% | 13.37% | 0.50x | 1.25x | CN¥-4.20 Million |
| 2000 | 5.77% | 5.50% | 0.81x | 1.29x | CN¥-11.85 Million |
| 2001 | 3.71% | 3.67% | 0.80x | 1.26x | CN¥-17.47 Million |
| 2002 | 8.28% | 7.24% | 0.56x | 2.06x | CN¥-5.22 Million |
| 2003 | 7.37% | 5.65% | 0.49x | 2.66x | CN¥-8.37 Million |
| 2004 | 1.05% | 0.98% | 0.30x | 3.51x | CN¥-28.78 Million |
| 2005 | 1.95% | 1.46% | 0.40x | 3.38x | CN¥-26.55 Million |
| 2006 | 16.08% | 6.93% | 0.72x | 3.20x | CN¥23.66 Million |
| 2007 | 5.50% | 8.67% | 0.37x | 1.71x | CN¥-71.96 Million |
| 2008 | 12.04% | 8.80% | 0.70x | 1.96x | CN¥29.76 Million |
| 2009 | 12.07% | 8.05% | 0.69x | 2.19x | CN¥33.60 Million |
| 2010 | 11.55% | 6.91% | 0.75x | 2.22x | CN¥28.09 Million |
| 2011 | 11.53% | 6.44% | 0.78x | 2.29x | CN¥30.88 Million |
| 2012 | 11.27% | 6.35% | 0.76x | 2.35x | CN¥30.49 Million |
| 2013 | 7.55% | 6.37% | 0.61x | 1.95x | CN¥-99.18 Million |
| 2014 | 8.28% | 7.64% | 0.53x | 2.04x | CN¥-73.87 Million |
| 2015 | 8.35% | 7.04% | 0.57x | 2.10x | CN¥-75.87 Million |
| 2016 | 8.15% | 6.28% | 0.58x | 2.23x | CN¥-89.99 Million |
| 2017 | 7.90% | 5.55% | 0.76x | 1.88x | CN¥-108.85 Million |
| 2018 | 7.63% | 5.51% | 0.73x | 1.91x | CN¥-129.59 Million |
| 2019 | 5.86% | 5.19% | 0.56x | 2.03x | CN¥-237.11 Million |
| 2020 | 5.99% | 5.05% | 0.60x | 1.96x | CN¥-236.97 Million |
| 2021 | 3.89% | 3.28% | 0.55x | 2.17x | CN¥-368.70 Million |
| 2022 | 4.56% | 3.46% | 0.60x | 2.20x | CN¥-340.41 Million |
| 2023 | 2.49% | 2.29% | 0.51x | 2.13x | CN¥-476.13 Million |
| 2024 | 0.44% | 0.54% | 0.39x | 2.09x | CN¥-606.18 Million |
Industry Comparison
This section compares China Spacesat Co Ltd's net assets metrics with peer companies in the Aerospace & Defense industry.
Industry Context
- Industry: Aerospace & Defense
- Average net assets among peers: $2,163,451,472
- Average return on equity (ROE) among peers: 7.81%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| China Spacesat Co Ltd (600118) | CN¥8.08 Billion | 28.72% | 0.77x | $18.53 Billion |
| Shaanxi Ligeance Mineral Resources Co Ltd (000697) | $1.48 Billion | -2.56% | 0.10x | $1.37 Billion |
| Aecc Aero Engine Control Co Ltd (000738) | $2.53 Billion | 7.15% | 0.84x | $4.12 Billion |
| AVIC Aircraft Co Ltd (000768) | $1.26 Billion | 3.70% | 0.46x | $9.57 Billion |
| Sichuan Haite High-tech Co Ltd (002023) | $4.00 Billion | 1.91% | 0.77x | $1.39 Billion |
| Aerospace CH UAV Co Ltd (002389) | $126.79 Million | 20.60% | 1.27x | $3.22 Billion |
| Kuang Chi Technologies Co Ltd (002625) | $7.87 Billion | 2.07% | 0.10x | $12.63 Billion |
| Beijing Emerging Eastern Aviation Equipment Co Ltd Class A (002933) | $1.54 Billion | 8.92% | 0.08x | $528.90 Million |
| Chengdu Tianjian Technology Co Ltd (002977) | $1.10 Billion | 4.55% | 0.29x | $475.99 Million |
| Beijing Bei Mo Gao Ke Friction Mate (002985) | $1.13 Billion | 18.87% | 0.17x | $1.75 Billion |
| Shaanxi Zhongtian Rocket Technology (003009) | $604.49 Million | 12.90% | 1.10x | $1.39 Billion |
About China Spacesat Co Ltd
China Spacesat Co.,Ltd. engages in the research and development, design, manufacture, sale, and information servicing of aerospace technology applications and related products. It also manufactures and sells satellite application technology equipment; and provides satellite application services. The company was founded in 1997 and is based in Beijing, China. China Spacesat Co.,Ltd. operates as a … Read more