China Avionics Systems Co Ltd (600372) - Net Assets

Latest as of March 2026: CN¥39.85 Billion CNY ≈ $5.83 Billion USD

Based on the latest financial reports, China Avionics Systems Co Ltd (600372) has net assets worth CN¥39.85 Billion CNY (≈ $5.83 Billion USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥80.58 Billion ≈ $11.79 Billion USD) and total liabilities (CN¥40.73 Billion ≈ $5.96 Billion 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 China Avionics Systems Co Ltd total assets for the complete picture of this company's asset base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥39.85 Billion
% of Total Assets	49.46%
Annual Growth Rate	16.32%
5-Year Change	233.29%
10-Year Change	519.25%
Growth Volatility	498.61

China Avionics Systems Co Ltd - Net Assets Trend (1999–2025)

This chart illustrates how China Avionics Systems Co Ltd's net assets have evolved over time, based on quarterly financial data. Check China Avionics Systems Co Ltd tangible equity quality to evaluate the tangible quality of the company's equity base.

Annual Net Assets for China Avionics Systems Co Ltd (1999–2025)

The table below shows the annual net assets of China Avionics Systems Co Ltd from 1999 to 2025. For live valuation and market cap data, see market cap of China Avionics Systems Co Ltd.

Year	Net Assets	Change
2025-12-31	CN¥38.84 Billion ≈ $5.68 Billion	-0.96%
2024-12-31	CN¥39.21 Billion ≈ $5.74 Billion	+4.03%
2023-12-31	CN¥37.69 Billion ≈ $5.52 Billion	+198.59%
2022-12-31	CN¥12.62 Billion ≈ $1.85 Billion	+8.34%
2021-12-31	CN¥11.65 Billion ≈ $1.71 Billion	+5.66%
2020-12-31	CN¥11.03 Billion ≈ $1.61 Billion	+34.13%
2019-12-31	CN¥8.22 Billion ≈ $1.20 Billion	+3.90%
2018-12-31	CN¥7.91 Billion ≈ $1.16 Billion	+6.38%
2017-12-31	CN¥7.44 Billion ≈ $1.09 Billion	+18.62%
2016-12-31	CN¥6.27 Billion ≈ $917.70 Million	+5.88%
2015-12-31	CN¥5.92 Billion ≈ $866.77 Million	+9.75%
2014-12-31	CN¥5.40 Billion ≈ $789.79 Million	+5.50%
2013-12-31	CN¥5.12 Billion ≈ $748.59 Million	+5.42%
2012-12-31	CN¥4.85 Billion ≈ $710.13 Million	+30.34%
2011-12-31	CN¥3.72 Billion ≈ $544.83 Million	+333.08%
2010-12-31	CN¥859.72 Million ≈ $125.80 Million	+22.79%
2009-12-31	CN¥700.16 Million ≈ $102.46 Million	+2586.49%
2008-12-31	CN¥26.06 Million ≈ $3.81 Million	-94.22%
2007-12-31	CN¥450.94 Million ≈ $65.99 Million	-79.41%
2006-12-31	CN¥2.19 Billion ≈ $320.42 Million	-11.05%
2005-12-31	CN¥2.46 Billion ≈ $360.23 Million	+39.76%
2004-12-31	CN¥1.76 Billion ≈ $257.74 Million	+4.94%
2003-12-31	CN¥1.68 Billion ≈ $245.61 Million	+4.21%
2002-12-31	CN¥1.61 Billion ≈ $235.68 Million	+1.27%
2001-12-31	CN¥1.59 Billion ≈ $232.73 Million	+84.72%
2000-12-31	CN¥861.01 Million ≈ $125.99 Million	+13.07%
1999-12-31	CN¥761.52 Million ≈ $111.43 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 1147026504671.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	CN¥11.46 Billion	30.19%
Common Stock	CN¥4.84 Billion	12.75%
Other Comprehensive Income	CN¥7.34 Billion	19.33%
Other Components	CN¥14.32 Billion	37.73%
Total Equity	CN¥37.96 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
China Minmetals Rare Earth Co Ltd SHE:000831	$8.07 Billion
Compañía de Minas Buenaventura S.A.A F:MBU	$8.08 Billion
Viper Energy Ut NASDAQ:VNOM	$8.08 Billion
Unity Software Inc NYSE:U	$8.09 Billion
ASX Ltd AU:ASX	$8.07 Billion
Hensoldt AG F:HAG	$8.07 Billion
SHIZUOKA FIN. GROUP INC. F:P2U	$8.06 Billion
Beijing Kunlun Tech Co Ltd SHE:300418	$8.06 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 2024 to 2025, total equity changed from 37,454,481,000 to 37,961,671,206, a change of 507,190,206 (1.4%).
Net income of 1,067,323,000 contributed positively to equity growth.
Dividend payments of 446,177,815 reduced retained earnings.
Share repurchases of 199,965,620 reduced equity.
Other comprehensive income increased equity by 7,339,333,229.
Other factors decreased equity by 7,253,322,588.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	CN¥1.07 Billion	+2.81%
Dividends Paid	CN¥446.18 Million	-1.18%
Share Repurchases	CN¥199.97 Million	-0.53%
Other Comprehensive Income	CN¥7.34 Billion	+19.33%
Other Changes	CN¥-7.25 Billion	-19.11%
Total Change	CN¥-	1.35%

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: 1.45x
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 21.58x to 1.45x 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¥11.40	x
2000-12-31	CN¥0.63	CN¥11.40	x
2001-12-31	CN¥1.52	CN¥11.40	x
2002-12-31	CN¥1.54	CN¥11.40	x
2003-12-31	CN¥1.60	CN¥11.40	x
2004-12-31	CN¥1.49	CN¥11.40	x
2005-12-31	CN¥1.50	CN¥11.40	x
2006-12-31	CN¥1.23	CN¥11.40	x
2007-12-31	CN¥0.53	CN¥11.40	x
2008-12-31	CN¥0.03	CN¥11.40	x
2009-12-31	CN¥0.79	CN¥11.40	x
2010-12-31	CN¥0.49	CN¥11.40	x
2011-12-31	CN¥2.04	CN¥11.40	x
2012-12-31	CN¥2.71	CN¥11.40	x
2013-12-31	CN¥2.78	CN¥11.40	x
2014-12-31	CN¥2.92	CN¥11.40	x
2015-12-31	CN¥3.21	CN¥11.40	x
2016-12-31	CN¥3.41	CN¥11.40	x
2017-12-31	CN¥4.03	CN¥11.40	x
2018-12-31	CN¥4.33	CN¥11.40	x
2019-12-31	CN¥4.48	CN¥11.40	x
2020-12-31	CN¥5.90	CN¥11.40	x
2021-12-31	CN¥5.86	CN¥11.40	x
2022-12-31	CN¥3.74	CN¥11.40	x
2023-12-31	CN¥8.36	CN¥11.40	x
2024-12-31	CN¥7.74	CN¥11.40	x
2025-12-31	CN¥7.85	CN¥11.40	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): 2.81%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 4.45%
• Asset Turnover: 0.29x
• Equity Multiplier: 2.19x
Recent ROE (2.81%) is above the historical average (-58.91%), 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
2025	2.81%	4.45%	0.29x	2.19x	CN¥-2.73 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: $1,153,300,042
Average return on equity (ROE) among peers: 13.72%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
China Avionics Systems Co Ltd (600372)	CN¥39.85 Billion	19.03%	1.02x	$8.07 Billion
Shaanxi Ligeance Mineral Resources Co Ltd (000697)	$469.85 Million	28.33%	0.90x	$1.77 Billion
Aecc Aero Engine Control Co Ltd (000738)	$2.36 Billion	-2.28%	0.56x	$3.53 Billion
AVIC Aircraft Co Ltd (000768)	$2.00 Billion	0.91%	0.17x	$8.48 Billion
Sichuan Haite High-tech Co Ltd (002023)	$1.61 Billion	7.89%	0.47x	$1.13 Billion
Aerospace CH UAV Co Ltd (002389)	$1.46 Billion	4.45%	0.22x	$2.73 Billion
Kuang Chi Technologies Co Ltd (002625)	$49.35 Million	34.25%	0.72x	$9.64 Billion
Beijing Emerging Eastern Aviation Equipment Co Ltd Class A (002933)	$764.63 Million	15.24%	0.12x	$458.49 Million
Chengdu Tianjian Technology Co Ltd (002977)	$80.28 Million	23.54%	1.91x	$387.58 Million
Beijing Bei Mo Gao Ke Friction Mate (002985)	$1.13 Billion	18.87%	0.17x	$1.27 Billion
Shaanxi Zhongtian Rocket Technology (003009)	$1.62 Billion	5.94%	0.89x	$1.13 Billion

About China Avionics Systems Co Ltd

SHG:600372 China Aerospace & Defense

Market Cap

$8.07 Billion

CN¥55.16 Billion CNY

Market Cap Rank

#2602 Global

#310 in China

Share Price

CN¥11.40

Change (1 day)

-1.30%

52-Week Range

CN¥10.55 - CN¥16.55

All Time High

CN¥27.52