China Avionics Systems Co Ltd

SHG:600372 China Aerospace & Defense
Market Cap
$9.36 Billion
CN¥68.71 Billion CNY
Market Cap Rank
#3160 Global
#232 in China
Share Price
CN¥14.20
Change (1 day)
-2.61%
52-Week Range
CN¥10.17 - CN¥16.55
All Time High
CN¥27.52
Categories
Companies in China Aerospace & Defense
About

AVIC Airborne Systems Co., Ltd. provides aviation airborne system products in China. The company offers airborne avionics systems, flight control systems, and radar systems; mechanical electronics, avionics, automatic control, inertial navigation, electronic information, radar and fire in the fields of aviation, aerospace, ships, weapons, etc.; control systems, electronic countermeasures, air tra… Read more

China Avionics Systems Co Ltd (600372) - Net Assets

Latest net assets as of September 2025: CN¥40.14 Billion CNY

Based on the latest financial reports, China Avionics Systems Co Ltd (600372) has net assets worth CN¥40.14 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¥81.30 Billion) and total liabilities (CN¥41.16 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¥40.14 Billion
% of Total Assets 49.37%
Annual Growth Rate 17.08%
5-Year Change 255.56%
10-Year Change 562.0%
Growth Volatility 507.84

China Avionics Systems Co Ltd - Net Assets Trend (1999–2024)

This chart illustrates how China Avionics Systems Co Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.

Annual Net Assets for China Avionics Systems Co Ltd (1999–2024)

The table below shows the annual net assets of China Avionics Systems Co Ltd from 1999 to 2024.

Year Net Assets Change
2024-12-31 CN¥39.21 Billion +4.03%
2023-12-31 CN¥37.69 Billion +198.59%
2022-12-31 CN¥12.62 Billion +8.34%
2021-12-31 CN¥11.65 Billion +5.66%
2020-12-31 CN¥11.03 Billion +34.13%
2019-12-31 CN¥8.22 Billion +3.90%
2018-12-31 CN¥7.91 Billion +6.38%
2017-12-31 CN¥7.44 Billion +18.62%
2016-12-31 CN¥6.27 Billion +5.88%
2015-12-31 CN¥5.92 Billion +9.75%
2014-12-31 CN¥5.40 Billion +5.50%
2013-12-31 CN¥5.12 Billion +5.42%
2012-12-31 CN¥4.85 Billion +30.34%
2011-12-31 CN¥3.72 Billion +333.08%
2010-12-31 CN¥859.72 Million +22.79%
2009-12-31 CN¥700.16 Million +2586.49%
2008-12-31 CN¥26.06 Million -94.22%
2007-12-31 CN¥450.94 Million -79.41%
2006-12-31 CN¥2.19 Billion -11.05%
2005-12-31 CN¥2.46 Billion +39.76%
2004-12-31 CN¥1.76 Billion +4.94%
2003-12-31 CN¥1.68 Billion +4.21%
2002-12-31 CN¥1.61 Billion +1.27%
2001-12-31 CN¥1.59 Billion +84.72%
2000-12-31 CN¥861.01 Million +13.07%
1999-12-31 CN¥761.52 Million --

Equity Component Analysis

This analysis shows how different components contribute to China Avionics Systems 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 1091081003771.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings CN¥10.90 Billion 29.10%
Common Stock CN¥4.84 Billion 12.92%
Other Components CN¥21.72 Billion 57.98%
Total Equity CN¥37.45 Billion 100.00%

China Avionics Systems Co Ltd Competitors by Market Cap

The table below lists competitors of China Avionics Systems Co Ltd ranked by their market capitalization.

Company Market Cap
Hubei Dinglong Chemical
SHE:300054
 		$4.19 Billion
Qube Holdings Limited
PINK:QUBHF
 		$4.20 Billion
Duolingo Inc
NASDAQ:DUOL
 		$4.20 Billion
EPR Properties
NYSE:EPR
 		$4.20 Billion
RadNet Inc
NASDAQ:RDNT
 		$4.18 Billion
Yang Ming Marine Transport Corp
TW:2609
 		$4.18 Billion
PHILLIPS EDISON DL -01
F:9R4
 		$4.18 Billion
CommScope Holding Co Inc
NASDAQ:COMM
 		$4.18 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in China Avionics Systems Co Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 36,083,478,691 to 37,454,481,000, a change of 1,371,002,309 (3.8%).
  • Net income of 1,040,725,760 contributed positively to equity growth.
  • Dividend payments of 874,839,950 reduced retained earnings.
  • Other factors increased equity by 1,205,116,499.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income CN¥1.04 Billion +2.78%
Dividends Paid CN¥874.84 Million -2.34%
Other Changes CN¥1.21 Billion +3.22%
Total Change CN¥- 3.80%

Book Value vs Market Value Analysis

This analysis compares China Avionics Systems 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: 1.83x
  • 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 26.89x to 1.83x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
1999-12-31 CN¥0.53 CN¥14.20 x
2000-12-31 CN¥0.63 CN¥14.20 x
2001-12-31 CN¥1.52 CN¥14.20 x
2002-12-31 CN¥1.54 CN¥14.20 x
2003-12-31 CN¥1.60 CN¥14.20 x
2004-12-31 CN¥1.49 CN¥14.20 x
2005-12-31 CN¥1.50 CN¥14.20 x
2006-12-31 CN¥1.23 CN¥14.20 x
2007-12-31 CN¥0.53 CN¥14.20 x
2008-12-31 CN¥0.03 CN¥14.20 x
2009-12-31 CN¥0.79 CN¥14.20 x
2010-12-31 CN¥0.49 CN¥14.20 x
2011-12-31 CN¥2.04 CN¥14.20 x
2012-12-31 CN¥2.71 CN¥14.20 x
2013-12-31 CN¥2.78 CN¥14.20 x
2014-12-31 CN¥2.92 CN¥14.20 x
2015-12-31 CN¥3.21 CN¥14.20 x
2016-12-31 CN¥3.41 CN¥14.20 x
2017-12-31 CN¥4.03 CN¥14.20 x
2018-12-31 CN¥4.33 CN¥14.20 x
2019-12-31 CN¥4.48 CN¥14.20 x
2020-12-31 CN¥5.90 CN¥14.20 x
2021-12-31 CN¥5.86 CN¥14.20 x
2022-12-31 CN¥3.74 CN¥14.20 x
2023-12-31 CN¥8.36 CN¥14.20 x
2024-12-31 CN¥7.74 CN¥14.20 x

Capital Efficiency Dashboard

This dashboard shows how efficiently China Avionics Systems 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): 2.78%
  • The company may be facing challenges in efficiently utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 4.36%
  • • Asset Turnover: 0.31x
  • • Equity Multiplier: 2.09x
  • Recent ROE (2.78%) is above the historical average (-61.28%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
1999 19.03% 2.90% 1.39x 4.72x CN¥40.39 Million
2000 16.81% 3.20% 1.36x 3.85x CN¥36.61 Million
2001 6.75% 2.61% 1.01x 2.55x CN¥-41.92 Million
2002 6.51% 1.94% 1.13x 2.97x CN¥-45.55 Million
2003 3.74% 1.22% 1.07x 2.87x CN¥-84.72 Million
2004 -3.79% -1.53% 0.86x 2.87x CN¥-174.55 Million
2005 1.31% 0.49% 0.58x 4.57x CN¥-110.61 Million
2006 -21.59% -5.12% 0.77x 5.46x CN¥-330.14 Million
2007 -130.31% -47.16% 0.50x 5.52x CN¥-632.69 Million
2008 -1630.21% -23.51% 0.80x 86.30x CN¥-427.48 Million
2009 3.67% 2.13% 1.26x 1.37x CN¥-43.98 Million
2010 16.24% 15.42% 0.73x 1.45x CN¥51.73 Million
2011 11.80% 11.21% 0.52x 2.03x CN¥62.57 Million
2012 12.94% 10.87% 0.64x 1.86x CN¥136.81 Million
2013 12.83% 10.46% 0.45x 2.71x CN¥138.29 Million
2014 11.64% 9.09% 0.46x 2.81x CN¥84.82 Million
2015 8.44% 7.01% 0.42x 2.87x CN¥-88.23 Million
2016 7.67% 6.62% 0.40x 2.92x CN¥-140.06 Million
2017 7.64% 7.72% 0.33x 2.98x CN¥-167.60 Million
2018 6.34% 6.27% 0.35x 2.86x CN¥-276.84 Million
2019 7.09% 6.66% 0.37x 2.89x CN¥-228.02 Million
2020 5.94% 7.21% 0.35x 2.33x CN¥-431.86 Million
2021 7.11% 8.12% 0.37x 2.34x CN¥-324.99 Million
2022 11.09% 4.87% 0.98x 2.33x CN¥132.57 Million
2023 5.23% 6.50% 0.39x 2.04x CN¥-1.72 Billion
2024 2.78% 4.36% 0.31x 2.09x CN¥-2.70 Billion

Industry Comparison

This section compares China Avionics Systems Co Ltd'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
China Avionics Systems Co Ltd (600372) CN¥40.14 Billion 19.03% 1.03x $4.19 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