AECC Aero Science and Technology Co Ltd (600391) - Net Assets
Based on the latest financial reports, AECC Aero Science and Technology Co Ltd (600391) has net assets worth CN¥2.92 Billion CNY (≈ $427.44 Million 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¥8.00 Billion ≈ $1.17 Billion USD) and total liabilities (CN¥5.08 Billion ≈ $743.00 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 AECC Aero Science and Technology Co Ltd liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥2.92 Billion |
| % of Total Assets | 36.52% |
| Annual Growth Rate | 14.36% |
| 5-Year Change | 36.22% |
| 10-Year Change | 34.67% |
| Growth Volatility | 79.1 |
AECC Aero Science and Technology Co Ltd - Net Assets Trend (1998–2024)
This chart illustrates how AECC Aero Science and Technology Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore 600391 total assets for the complete picture of this company's asset base.
Annual Net Assets for AECC Aero Science and Technology Co Ltd (1998–2024)
The table below shows the annual net assets of AECC Aero Science and Technology Co Ltd from 1998 to 2024. For live valuation and market cap data, see how much is AECC Aero Science and Technology Co Ltd worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥2.65 Billion ≈ $387.91 Million |
+4.69% |
| 2023-12-31 | CN¥2.53 Billion ≈ $370.55 Million |
+15.56% |
| 2022-12-31 | CN¥2.19 Billion ≈ $320.66 Million |
+8.88% |
| 2021-12-31 | CN¥2.01 Billion ≈ $294.50 Million |
+3.42% |
| 2020-12-31 | CN¥1.95 Billion ≈ $284.77 Million |
+1.01% |
| 2019-12-31 | CN¥1.93 Billion ≈ $281.91 Million |
+8.09% |
| 2018-12-31 | CN¥1.78 Billion ≈ $260.81 Million |
-14.15% |
| 2017-12-31 | CN¥2.08 Billion ≈ $303.81 Million |
+3.41% |
| 2016-12-31 | CN¥2.01 Billion ≈ $293.78 Million |
+1.99% |
| 2015-12-31 | CN¥1.97 Billion ≈ $288.05 Million |
+1.23% |
| 2014-12-31 | CN¥1.94 Billion ≈ $284.56 Million |
+0.94% |
| 2013-12-31 | CN¥1.93 Billion ≈ $281.92 Million |
+1.54% |
| 2012-12-31 | CN¥1.90 Billion ≈ $277.65 Million |
+1.53% |
| 2011-12-31 | CN¥1.87 Billion ≈ $273.47 Million |
+368.46% |
| 2010-12-31 | CN¥398.93 Million ≈ $58.38 Million |
-27.58% |
| 2009-12-31 | CN¥550.88 Million ≈ $80.61 Million |
+0.21% |
| 2008-12-31 | CN¥549.75 Million ≈ $80.45 Million |
+6.72% |
| 2007-12-31 | CN¥515.14 Million ≈ $75.38 Million |
+10.90% |
| 2006-12-31 | CN¥464.49 Million ≈ $67.97 Million |
-0.22% |
| 2005-12-31 | CN¥465.52 Million ≈ $68.12 Million |
+4.68% |
| 2004-12-31 | CN¥444.71 Million ≈ $65.08 Million |
-0.02% |
| 2003-12-31 | CN¥444.78 Million ≈ $65.09 Million |
+6.27% |
| 2002-12-31 | CN¥418.56 Million ≈ $61.25 Million |
-0.47% |
| 2001-12-31 | CN¥420.55 Million ≈ $61.54 Million |
+197.39% |
| 2000-12-31 | CN¥141.41 Million ≈ $20.69 Million |
+8.47% |
| 1999-12-31 | CN¥130.37 Million ≈ $19.08 Million |
+61.16% |
| 1998-12-31 | CN¥80.89 Million ≈ $11.84 Million |
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Equity Component Analysis
This analysis shows how different components contribute to AECC Aero Science and Technology 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 18441735900.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥184.42 Million | 11.12% |
| Common Stock | CN¥330.13 Million | 19.90% |
| Other Comprehensive Income | CN¥154.99 Million | 9.34% |
| Other Components | CN¥989.25 Million | 59.64% |
| Total Equity | CN¥1.66 Billion | 100.00% |
AECC Aero Science and Technology Co Ltd Competitors by Market Cap
The table below lists competitors of AECC Aero Science and Technology Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Netac Tech
SHE:300042
|
$1.84 Billion |
|
Cupid Limited
NSE:CUPID
|
$1.84 Billion |
|
Stanley Fertilizer Co Ltd
SHE:002588
|
$1.84 Billion |
|
Henan Lingrui Pharmaceutical Co Ltd
SHG:600285
|
$1.84 Billion |
|
Poongsan
KO:103140
|
$1.84 Billion |
|
Sinomag Technology Co Ltd
SHE:300835
|
$1.84 Billion |
|
LandBridge Company LLC
NYSE:LB
|
$1.84 Billion |
|
Sparebanken Vest
OL:SVEG
|
$1.84 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in AECC Aero Science and Technology Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,595,394,703 to 1,658,786,516, a change of 63,391,813 (4.0%).
- Net income of 68,792,212 contributed positively to equity growth.
- Dividend payments of 49,642,630 reduced retained earnings.
- Other comprehensive income increased equity by 154,993,671.
- Other factors decreased equity by 110,751,440.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥68.79 Million | +4.15% |
| Dividends Paid | CN¥49.64 Million | -2.99% |
| Other Comprehensive Income | CN¥154.99 Million | +9.34% |
| Other Changes | CN¥-110.75 Million | -6.68% |
| Total Change | CN¥- | 3.97% |
Book Value vs Market Value Analysis
This analysis compares AECC Aero Science and Technology 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: 7.51x
- 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 58.39x to 7.51x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1998-12-31 | CN¥0.65 | CN¥38.05 | x |
| 1999-12-31 | CN¥1.05 | CN¥38.05 | x |
| 2000-12-31 | CN¥1.14 | CN¥38.05 | x |
| 2001-12-31 | CN¥3.39 | CN¥38.05 | x |
| 2002-12-31 | CN¥1.80 | CN¥38.05 | x |
| 2003-12-31 | CN¥1.91 | CN¥38.05 | x |
| 2004-12-31 | CN¥1.91 | CN¥38.05 | x |
| 2005-12-31 | CN¥1.93 | CN¥38.05 | x |
| 2006-12-31 | CN¥1.89 | CN¥38.05 | x |
| 2007-12-31 | CN¥2.15 | CN¥38.05 | x |
| 2008-12-31 | CN¥2.28 | CN¥38.05 | x |
| 2009-12-31 | CN¥2.35 | CN¥38.05 | x |
| 2010-12-31 | CN¥3.29 | CN¥38.05 | x |
| 2011-12-31 | CN¥5.36 | CN¥38.05 | x |
| 2012-12-31 | CN¥4.70 | CN¥38.05 | x |
| 2013-12-31 | CN¥5.10 | CN¥38.05 | x |
| 2014-12-31 | CN¥4.99 | CN¥38.05 | x |
| 2015-12-31 | CN¥5.24 | CN¥38.05 | x |
| 2016-12-31 | CN¥5.17 | CN¥38.05 | x |
| 2017-12-31 | CN¥5.20 | CN¥38.05 | x |
| 2018-12-31 | CN¥4.36 | CN¥38.05 | x |
| 2019-12-31 | CN¥4.44 | CN¥38.05 | x |
| 2020-12-31 | CN¥4.42 | CN¥38.05 | x |
| 2021-12-31 | CN¥4.49 | CN¥38.05 | x |
| 2022-12-31 | CN¥4.65 | CN¥38.05 | x |
| 2023-12-31 | CN¥4.97 | CN¥38.05 | x |
| 2024-12-31 | CN¥5.06 | CN¥38.05 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently AECC Aero Science and Technology 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): 4.15%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.79%
- • Asset Turnover: 0.47x
- • Equity Multiplier: 4.94x
- Recent ROE (4.15%) is below the historical average (4.81%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1998 | 11.74% | 8.45% | 0.43x | 3.22x | CN¥1.41 Million |
| 1999 | 10.40% | 9.76% | 0.47x | 2.25x | CN¥519.70K |
| 2000 | 21.34% | 16.79% | 0.48x | 2.66x | CN¥16.03 Million |
| 2001 | 8.35% | 17.18% | 0.31x | 1.58x | CN¥-6.93 Million |
| 2002 | 5.12% | 11.61% | 0.30x | 1.48x | CN¥-20.43 Million |
| 2003 | 5.84% | 11.51% | 0.34x | 1.48x | CN¥-18.51 Million |
| 2004 | 4.66% | 7.26% | 0.42x | 1.52x | CN¥-23.77 Million |
| 2005 | 5.27% | 5.78% | 0.57x | 1.61x | CN¥-21.77 Million |
| 2006 | 8.51% | 6.91% | 0.62x | 1.98x | CN¥-6.87 Million |
| 2007 | 12.91% | 9.70% | 0.51x | 2.59x | CN¥14.73 Million |
| 2008 | 12.45% | 7.49% | 0.59x | 2.81x | CN¥13.14 Million |
| 2009 | 8.76% | 4.63% | 0.64x | 2.96x | CN¥-6.78 Million |
| 2010 | 7.46% | 7.13% | 0.65x | 1.62x | CN¥-27.56 Million |
| 2011 | 2.99% | 2.90% | 0.49x | 2.10x | CN¥-110.62 Million |
| 2012 | 2.34% | 2.38% | 0.44x | 2.24x | CN¥-122.70 Million |
| 2013 | 1.96% | 1.76% | 0.43x | 2.60x | CN¥-130.63 Million |
| 2014 | 1.80% | 1.51% | 0.44x | 2.71x | CN¥-134.56 Million |
| 2015 | 1.91% | 1.56% | 0.40x | 3.02x | CN¥-134.25 Million |
| 2016 | 2.52% | 2.00% | 0.38x | 3.35x | CN¥-126.58 Million |
| 2017 | 2.69% | 2.08% | 0.39x | 3.34x | CN¥-127.38 Million |
| 2018 | -21.11% | -12.82% | 0.40x | 4.10x | CN¥-446.57 Million |
| 2019 | 1.54% | 0.67% | 0.63x | 3.70x | CN¥-123.86 Million |
| 2020 | -1.10% | -0.59% | 0.47x | 3.98x | CN¥-161.85 Million |
| 2021 | 1.44% | 0.61% | 0.56x | 4.24x | CN¥-126.98 Million |
| 2022 | 3.04% | 1.23% | 0.59x | 4.17x | CN¥-106.72 Million |
| 2023 | 3.02% | 1.07% | 0.63x | 4.47x | CN¥-111.38 Million |
| 2024 | 4.15% | 1.79% | 0.47x | 4.94x | CN¥-97.09 Million |
Industry Comparison
This section compares AECC Aero Science and Technology 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 |
|---|---|---|---|---|
| AECC Aero Science and Technology Co Ltd (600391) | CN¥2.92 Billion | 11.74% | 1.74x | $1.84 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 AECC Aero Science and Technology Co Ltd
Aecc Aero Science and Technology Co.,Ltd engages in the research, development, manufacture, sale, and service of aircraft engines and gas turbine parts in China, rest of Asia, the United States, and Europe. The company was formerly known as Sichuan Chengfa Aero-Science & Technology Co,Ltd. and changed its name to Aecc Aero Science and Technology Co.,Ltd in April 2017. Aecc Aero Science and Techno… Read more