China Avionics Systems Co Ltd (600372) - Net Assets
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. Check China Avionics Systems Co Ltd tangible book value ratio to evaluate the tangible quality of the company's equity 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. See China Avionics Systems Co Ltd liquidity coverage in days to measure how many days the company can operate on defensive assets alone.
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 600372 market cap.
| 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 |
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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 |
|---|---|
|
AXIS Capital Holdings Ltd
NYSE:AXS
|
$7.78 Billion |
|
DUFRY AG UNSP.ADR/010
F:D2JA
|
$7.78 Billion |
|
Charter Hall Group
AU:CHC
|
$7.79 Billion |
|
Voestalpine AG
VI:VOE
|
$7.79 Billion |
|
Turkiye Vakiflar Bankasi TAO
IS:VAKBN
|
$7.77 Billion |
|
Zurn Elkay Water Solutions Corporation
NYSE:ZWS
|
$7.76 Billion |
|
NEXTDC Ltd
AU:NXT
|
$7.76 Billion |
|
GAZTR.TECHNI.U.ADR1/5EO01
F:9TG0
|
$7.76 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: 1.40x
- 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 20.79x to 1.40x 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¥10.98 | x |
| 2000-12-31 | CN¥0.63 | CN¥10.98 | x |
| 2001-12-31 | CN¥1.52 | CN¥10.98 | x |
| 2002-12-31 | CN¥1.54 | CN¥10.98 | x |
| 2003-12-31 | CN¥1.60 | CN¥10.98 | x |
| 2004-12-31 | CN¥1.49 | CN¥10.98 | x |
| 2005-12-31 | CN¥1.50 | CN¥10.98 | x |
| 2006-12-31 | CN¥1.23 | CN¥10.98 | x |
| 2007-12-31 | CN¥0.53 | CN¥10.98 | x |
| 2008-12-31 | CN¥0.03 | CN¥10.98 | x |
| 2009-12-31 | CN¥0.79 | CN¥10.98 | x |
| 2010-12-31 | CN¥0.49 | CN¥10.98 | x |
| 2011-12-31 | CN¥2.04 | CN¥10.98 | x |
| 2012-12-31 | CN¥2.71 | CN¥10.98 | x |
| 2013-12-31 | CN¥2.78 | CN¥10.98 | x |
| 2014-12-31 | CN¥2.92 | CN¥10.98 | x |
| 2015-12-31 | CN¥3.21 | CN¥10.98 | x |
| 2016-12-31 | CN¥3.41 | CN¥10.98 | x |
| 2017-12-31 | CN¥4.03 | CN¥10.98 | x |
| 2018-12-31 | CN¥4.33 | CN¥10.98 | x |
| 2019-12-31 | CN¥4.48 | CN¥10.98 | x |
| 2020-12-31 | CN¥5.90 | CN¥10.98 | x |
| 2021-12-31 | CN¥5.86 | CN¥10.98 | x |
| 2022-12-31 | CN¥3.74 | CN¥10.98 | x |
| 2023-12-31 | CN¥8.36 | CN¥10.98 | x |
| 2024-12-31 | CN¥7.74 | CN¥10.98 | x |
| 2025-12-31 | CN¥7.85 | CN¥10.98 | 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: $4,639,006,345
- Average return on equity (ROE) among peers: 2.72%
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 | $7.77 Billion |
| Shaanxi Ligeance Mineral Resources Co Ltd (000697) | $75.15 Million | 6.84% | 0.91x | $2.35 Billion |
| Aecc Aero Engine Control Co Ltd (000738) | $469.47 Million | 0.73% | 0.33x | $3.62 Billion |
| AVIC Aircraft Co Ltd (000768) | $21.02 Billion | 4.87% | 2.51x | $8.38 Billion |
| Sichuan Haite High-tech Co Ltd (002023) | $3.95 Billion | 0.80% | 0.85x | $1.37 Billion |
| Aerospace CH UAV Co Ltd (002389) | $8.20 Billion | 1.87% | 0.30x | $2.68 Billion |
| Kuang Chi Technologies Co Ltd (002625) | $8.93 Billion | 7.30% | 0.11x | $10.77 Billion |
| Beijing Emerging Eastern Aviation Equipment Co Ltd Class A (002933) | $1.60 Billion | 6.16% | 0.09x | $501.94 Million |
| Chengdu Tianjian Technology Co Ltd (002977) | $846.63 Million | -26.66% | 0.11x | $430.82 Million |
| Beijing Bei Mo Gao Ke Friction Mate (002985) | $757.88 Million | 13.66% | 0.21x | $1.48 Billion |
| Shaanxi Zhongtian Rocket Technology (003009) | $530.83 Million | 11.65% | 0.99x | $1.37 Billion |
About China Avionics Systems Co Ltd
AVIC Airborne Systems Co., Ltd. Manufactures aviation products in China. The company offers avionics systems, flight control systems, and electromechanical systems; mechanical and electronic engineering, avionics, in the fields of aviation, aerospace, shipbuilding, and weapons; automatic control, inertial navigation, electronic information, radar and fire control systems, electronic countermeasur… Read more