Aerosun Corp (600501) - Net Assets
Based on the latest financial reports, Aerosun Corp (600501) has net assets worth CN¥1.93 Billion CNY (≈ $281.78 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¥4.83 Billion ≈ $706.13 Million USD) and total liabilities (CN¥2.90 Billion ≈ $424.35 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 600501 asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.93 Billion |
| % of Total Assets | 39.9% |
| Annual Growth Rate | 11.84% |
| 5-Year Change | -12.04% |
| 10-Year Change | -12.17% |
| Growth Volatility | 36.69 |
Aerosun Corp - Net Assets Trend (1998–2024)
This chart illustrates how Aerosun Corp's net assets have evolved over time, based on quarterly financial data. Also explore how large is Aerosun Corp's balance sheet for the complete picture of this company's asset base.
Annual Net Assets for Aerosun Corp (1998–2024)
The table below shows the annual net assets of Aerosun Corp from 1998 to 2024. For live valuation and market cap data, see Aerosun Corp market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥2.06 Billion ≈ $301.13 Million |
-17.80% |
| 2023-12-31 | CN¥2.50 Billion ≈ $366.33 Million |
+0.88% |
| 2022-12-31 | CN¥2.48 Billion ≈ $363.15 Million |
+3.21% |
| 2021-12-31 | CN¥2.40 Billion ≈ $351.87 Million |
+2.78% |
| 2020-12-31 | CN¥2.34 Billion ≈ $342.36 Million |
+2.94% |
| 2019-12-31 | CN¥2.27 Billion ≈ $332.60 Million |
+0.59% |
| 2018-12-31 | CN¥2.26 Billion ≈ $330.66 Million |
-6.47% |
| 2017-12-31 | CN¥2.42 Billion ≈ $353.52 Million |
+0.64% |
| 2016-12-31 | CN¥2.40 Billion ≈ $351.28 Million |
+2.46% |
| 2015-12-31 | CN¥2.34 Billion ≈ $342.86 Million |
+61.06% |
| 2014-12-31 | CN¥1.45 Billion ≈ $212.87 Million |
+5.78% |
| 2013-12-31 | CN¥1.38 Billion ≈ $201.25 Million |
+3.34% |
| 2012-12-31 | CN¥1.33 Billion ≈ $194.74 Million |
+0.87% |
| 2011-12-31 | CN¥1.32 Billion ≈ $193.05 Million |
+7.99% |
| 2010-12-31 | CN¥1.22 Billion ≈ $178.77 Million |
+3.43% |
| 2009-12-31 | CN¥1.18 Billion ≈ $172.84 Million |
+4.88% |
| 2008-12-31 | CN¥1.13 Billion ≈ $164.80 Million |
-0.31% |
| 2007-12-31 | CN¥1.13 Billion ≈ $165.31 Million |
+83.67% |
| 2006-12-31 | CN¥615.05 Million ≈ $90.00 Million |
+4.13% |
| 2005-12-31 | CN¥590.65 Million ≈ $86.43 Million |
+7.16% |
| 2004-12-31 | CN¥551.21 Million ≈ $80.66 Million |
+7.02% |
| 2003-12-31 | CN¥515.08 Million ≈ $75.37 Million |
+5.04% |
| 2002-12-31 | CN¥490.38 Million ≈ $71.76 Million |
+2.65% |
| 2001-12-31 | CN¥477.70 Million ≈ $69.90 Million |
+168.49% |
| 2000-12-31 | CN¥177.92 Million ≈ $26.04 Million |
+16.67% |
| 1999-12-31 | CN¥152.50 Million ≈ $22.32 Million |
+35.99% |
| 1998-12-31 | CN¥112.14 Million ≈ $16.41 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Aerosun Corp'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 decreased by 6344806500.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CN¥431.21 Million | 23.52% |
| Other Components | CN¥1.47 Billion | 79.94% |
| Total Equity | CN¥1.83 Billion | 100.00% |
Aerosun Corp Competitors by Market Cap
The table below lists competitors of Aerosun Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Henan Thinker Automation
SHG:603508
|
$1.49 Billion |
|
Faraday Technology Corp
TW:3035
|
$1.49 Billion |
|
Resilient Property Income Fund Ltd
JSE:RES
|
$1.49 Billion |
|
Fila Holdings Corp
KO:081660
|
$1.49 Billion |
|
Baosheng
SHG:600973
|
$1.49 Billion |
|
Trisura Group Ltd
TO:TSU
|
$1.49 Billion |
|
Collective Mining Ltd.
NYSE:CNL
|
$1.49 Billion |
|
Molymet
SN:MOLYMET
|
$1.49 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Aerosun Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,259,912,371 to 1,833,039,157, a change of -426,873,214 (-18.9%).
- Net loss of 379,032,202 reduced equity.
- Dividend payments of 30,844,771 reduced retained earnings.
- Share repurchases of 3,039,411 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-379.03 Million | -20.68% |
| Dividends Paid | CN¥30.84 Million | -1.68% |
| Share Repurchases | CN¥3.04 Million | -0.17% |
| Other Changes | CN¥-13.96 Million | -0.76% |
| Total Change | CN¥- | -18.89% |
Book Value vs Market Value Analysis
This analysis compares Aerosun Corp'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: 5.72x
- 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 91.04x to 5.72x 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¥0.26 | CN¥23.79 | x |
| 1999-12-31 | CN¥0.38 | CN¥23.79 | x |
| 2000-12-31 | CN¥0.44 | CN¥23.79 | x |
| 2001-12-31 | CN¥1.26 | CN¥23.79 | x |
| 2002-12-31 | CN¥1.27 | CN¥23.79 | x |
| 2003-12-31 | CN¥1.29 | CN¥23.79 | x |
| 2004-12-31 | CN¥1.39 | CN¥23.79 | x |
| 2005-12-31 | CN¥1.51 | CN¥23.79 | x |
| 2006-12-31 | CN¥1.57 | CN¥23.79 | x |
| 2007-12-31 | CN¥2.74 | CN¥23.79 | x |
| 2008-12-31 | CN¥2.51 | CN¥23.79 | x |
| 2009-12-31 | CN¥2.74 | CN¥23.79 | x |
| 2010-12-31 | CN¥2.75 | CN¥23.79 | x |
| 2011-12-31 | CN¥2.99 | CN¥23.79 | x |
| 2012-12-31 | CN¥2.86 | CN¥23.79 | x |
| 2013-12-31 | CN¥3.09 | CN¥23.79 | x |
| 2014-12-31 | CN¥3.23 | CN¥23.79 | x |
| 2015-12-31 | CN¥5.69 | CN¥23.79 | x |
| 2016-12-31 | CN¥4.52 | CN¥23.79 | x |
| 2017-12-31 | CN¥5.66 | CN¥23.79 | x |
| 2018-12-31 | CN¥4.84 | CN¥23.79 | x |
| 2019-12-31 | CN¥5.04 | CN¥23.79 | x |
| 2020-12-31 | CN¥5.05 | CN¥23.79 | x |
| 2021-12-31 | CN¥5.18 | CN¥23.79 | x |
| 2022-12-31 | CN¥5.34 | CN¥23.79 | x |
| 2023-12-31 | CN¥5.34 | CN¥23.79 | x |
| 2024-12-31 | CN¥4.16 | CN¥23.79 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Aerosun Corp 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): -20.68%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -15.66%
- • Asset Turnover: 0.47x
- • Equity Multiplier: 2.81x
- Recent ROE (-20.68%) is below the historical average (4.67%), 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 | 29.40% | 9.33% | 0.74x | 4.23x | CN¥18.13 Million |
| 1999 | 14.20% | 6.63% | 0.75x | 2.88x | CN¥5.64 Million |
| 2000 | 13.98% | 6.16% | 0.85x | 2.68x | CN¥6.31 Million |
| 2001 | 7.34% | 7.48% | 0.56x | 1.76x | CN¥-11.97 Million |
| 2002 | 7.24% | 5.79% | 0.61x | 2.05x | CN¥-12.52 Million |
| 2003 | 1.78% | 1.11% | 0.70x | 2.29x | CN¥-37.98 Million |
| 2004 | 7.02% | 4.36% | 0.54x | 2.96x | CN¥-14.81 Million |
| 2005 | 9.83% | 4.82% | 0.66x | 3.07x | CN¥-945.26K |
| 2006 | 10.60% | 4.97% | 0.62x | 3.42x | CN¥3.35 Million |
| 2007 | 3.85% | 2.74% | 0.59x | 2.38x | CN¥-64.28 Million |
| 2008 | 3.65% | 1.96% | 0.63x | 2.96x | CN¥-64.51 Million |
| 2009 | 4.56% | 2.16% | 0.69x | 3.05x | CN¥-56.30 Million |
| 2010 | 6.56% | 2.66% | 0.76x | 3.25x | CN¥-36.99 Million |
| 2011 | 6.69% | 2.21% | 0.87x | 3.48x | CN¥-37.79 Million |
| 2012 | 2.80% | 0.81% | 0.99x | 3.51x | CN¥-83.15 Million |
| 2013 | 3.23% | 1.01% | 0.93x | 3.42x | CN¥-79.83 Million |
| 2014 | 6.81% | 2.35% | 0.88x | 3.28x | CN¥-39.95 Million |
| 2015 | 0.88% | 0.59% | 0.67x | 2.21x | CN¥-195.61 Million |
| 2016 | 0.66% | 0.46% | 0.68x | 2.14x | CN¥-205.62 Million |
| 2017 | 0.53% | 0.44% | 0.56x | 2.14x | CN¥-209.20 Million |
| 2018 | -8.06% | -6.26% | 0.58x | 2.21x | CN¥-369.20 Million |
| 2019 | 1.65% | 1.16% | 0.63x | 2.23x | CN¥-177.19 Million |
| 2020 | 2.09% | 1.20% | 0.71x | 2.43x | CN¥-168.34 Million |
| 2021 | 3.05% | 1.63% | 0.69x | 2.71x | CN¥-151.68 Million |
| 2022 | 3.37% | 1.83% | 0.66x | 2.80x | CN¥-149.24 Million |
| 2023 | 3.18% | 1.88% | 0.67x | 2.54x | CN¥-154.05 Million |
| 2024 | -20.68% | -15.66% | 0.47x | 2.81x | CN¥-562.34 Million |
Industry Comparison
This section compares Aerosun Corp's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $2,881,043,646
- Average return on equity (ROE) among peers: 9.48%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Aerosun Corp (600501) | CN¥1.93 Billion | 29.40% | 1.51x | $1.49 Billion |
| FAWER Automotive Parts Ltd Co (000030) | $149.16 Million | 41.73% | 4.63x | $1.25 Billion |
| Wanxiang Qianchao Co Ltd (000559) | $8.78 Billion | 7.81% | 0.91x | $8.06 Billion |
| Weifu High-Technology Group Co Ltd (000581) | $15.35 Billion | 16.75% | 0.32x | $2.30 Billion |
| Gui Zhou Tyre Co Ltd (000589) | $36.86 Million | 0.00% | 2.57x | $1.14 Billion |
| Qingdao Doublestar Co Ltd (000599) | $2.50 Billion | 2.32% | 1.02x | $718.30 Million |
| Hengli Industrial Development Group Co Ltd (000622) | $214.90 Million | 5.52% | 0.47x | $9.33 Million |
| Xiangyang Automobile Bearing Co Ltd (000678) | $319.83 Million | -26.00% | 1.36x | $793.62 Million |
| Jiangnan Mould & Plastic Technology Co Ltd (000700) | $436.87 Million | 11.97% | 0.48x | $1.66 Billion |
| Sichuan Haowu Electromechanical Co Ltd (000757) | $498.43 Million | 3.21% | 1.20x | $381.97 Million |
| Anhui Zhongding Sealing Parts Co Ltd (000887) | $515.59 Million | 31.51% | 1.08x | $3.42 Billion |
About Aerosun Corp
Aerosun Corporation manufactures and sells special vehicles in China and internationally. The company offers special vehicle products, such as refueling truck, and aircraft refueling truck; aerial work vehicle, power supply car, engineering rescue vehicle, refrigerated trucks, flammable liquid tank truck, sludge dump truck, telemetry products, inertial navigation products, and satellite communica… Read more