AVIC Capital Co Ltd

SHG:600705 China Credit Services
Market Cap
$4.17 Billion
CN¥30.61 Billion CNY
Market Cap Rank
#5024 Global
#596 in China
Share Price
CN¥3.47
Change (1 day)
+0.00%
52-Week Range
CN¥3.40 - CN¥3.64
All Time High
CN¥7.79
Categories
Companies in China Credit Services Banking & Financial
About

AVIC Industry-Finance Holdings Co., Ltd., through its subsidiaries, engages in industrial investment, equity investment, and investment consulting business in China. The company offers centralized fund management, settlement, credit, investment, financial advisory, financial consulting, insurance agency, foreign exchange settlement and sales business, and foreign exchange business and electronic … Read more

AVIC Capital Co Ltd (600705) - Net Assets

Latest net assets as of September 2024: CN¥65.80 Billion CNY

Based on the latest financial reports, AVIC Capital Co Ltd (600705) has net assets worth CN¥65.80 Billion CNY as of September 2024.

Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥442.39 Billion) and total liabilities (CN¥376.59 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¥65.80 Billion
% of Total Assets 14.87%
Annual Growth Rate 21.09%
5-Year Change 36.73%
10-Year Change 231.59%
Growth Volatility 12693.83

AVIC Capital Co Ltd - Net Assets Trend (2000–2023)

This chart illustrates how AVIC Capital 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 AVIC Capital Co Ltd (2000–2023)

The table below shows the annual net assets of AVIC Capital Co Ltd from 2000 to 2023.

Year Net Assets Change
2023-12-31 CN¥65.87 Billion -3.25%
2022-12-31 CN¥68.09 Billion -2.64%
2021-12-31 CN¥69.93 Billion +10.80%
2020-12-31 CN¥63.12 Billion +31.01%
2019-12-31 CN¥48.18 Billion +16.16%
2018-12-31 CN¥41.48 Billion +47.89%
2017-12-31 CN¥28.04 Billion +6.62%
2016-12-31 CN¥26.30 Billion +6.85%
2015-12-31 CN¥24.62 Billion +23.92%
2014-12-31 CN¥19.87 Billion +86.83%
2013-12-31 CN¥10.63 Billion +4.62%
2012-12-31 CN¥10.16 Billion +1050.84%
2011-12-31 CN¥883.18 Million -0.15%
2010-12-31 CN¥884.54 Million +60986.74%
2009-12-31 CN¥1.45 Million +9.37%
2008-12-31 CN¥1.32 Million -99.41%
2007-12-31 CN¥225.00 Million +240.14%
2006-12-31 CN¥-160.54 Million -112.12%
2005-12-31 CN¥1.32 Billion -18.15%
2004-12-31 CN¥1.62 Billion -14.03%
2003-12-31 CN¥1.88 Billion +3.54%
2002-12-31 CN¥1.82 Billion +4.56%
2001-12-31 CN¥1.74 Billion +115.25%
2000-12-31 CN¥807.70 Million --

Equity Component Analysis

This analysis shows how different components contribute to AVIC Capital 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 6388.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2023)

Component Amount Percentage
Retained Earnings CN¥15.55 Billion 41.01%
Other Components CN¥22.36 Billion 58.99%
Total Equity CN¥37.91 Billion 100.00%

AVIC Capital Co Ltd Competitors by Market Cap

The table below lists competitors of AVIC Capital Co Ltd ranked by their market capitalization.

Company Market Cap
Zhejiang Weiming Environment Protection Co Ltd
SHG:603568
 		$1.97 Billion
Banner Corporation
NASDAQ:BANR
 		$1.97 Billion
BUDIMEX A ZY 5
F:FBF
 		$1.97 Billion
Cathay Biotech Inc
SHG:688065
 		$1.97 Billion
P/F Bakkafrost
PINK:BKFKF
 		$1.97 Billion
Circuit Fabology Microelectronics Equipment Co. Ltd. A
SHG:688630
 		$1.97 Billion
Randstad NV
AS:RAND
 		$1.97 Billion
Japan Petroleum Exploration Co. Ltd
F:JP9
 		$1.96 Billion

Equity Growth Attribution

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

Equity Growth Insights

  • From 2022 to 2023, total equity changed from 39,886,516,982 to 37,912,999,185, a change of -1,973,517,797 (-4.9%).
  • Net income of 290,187,302 contributed positively to equity growth.
  • Dividend payments of 9,702,287,659 reduced retained earnings.
  • Other factors increased equity by 7,438,582,560.

Equity Change Factors (2022 to 2023)

Factor Impact Contribution
Net Income CN¥290.19 Million +0.77%
Dividends Paid CN¥9.70 Billion -25.59%
Other Changes CN¥7.44 Billion +19.62%
Total Change CN¥- -4.95%

Book Value vs Market Value Analysis

This analysis compares AVIC Capital 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: 0.81x
  • The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
  • The price-to-book ratio has decreased from 1.34x to 0.81x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2017-12-31 CN¥2.59 CN¥3.47 x
2018-12-31 CN¥3.09 CN¥3.47 x
2019-12-31 CN¥3.33 CN¥3.47 x
2020-12-31 CN¥4.47 CN¥3.47 x
2021-12-31 CN¥4.66 CN¥3.47 x
2022-12-31 CN¥4.52 CN¥3.47 x
2023-12-31 CN¥4.30 CN¥3.47 x

Capital Efficiency Dashboard

This dashboard shows how efficiently AVIC Capital 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): 0.77%
  • The company may be facing challenges in efficiently utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 1.71%
  • • Asset Turnover: 0.03x
  • • Equity Multiplier: 13.36x
  • Recent ROE (0.77%) is below the historical average (20.10%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2000 12.54% 30.12% 0.23x 1.83x CN¥20.42 Million
2001 4.42% 14.13% 0.22x 1.42x CN¥-95.13 Million
2002 6.04% 4.69% 0.62x 2.08x CN¥-70.51 Million
2003 3.09% 2.21% 0.51x 2.75x CN¥-126.93 Million
2007 158.47% 194.68% 0.14x 5.74x CN¥304.10 Million
2008 5.59% 7400.00% 0.00x 5.33x CN¥-58.40K
2009 8.56% 12400.00% 0.00x 8.62x CN¥-20.80K
2010 99.84% 0.00% 0.00x 1.53x CN¥794.57 Million
2011 0.50% 6.19% 0.08x 1.03x CN¥-83.92 Million
2012 13.61% 14.91% 0.07x 12.27x CN¥191.75 Million
2013 16.91% 14.82% 0.07x 17.02x CN¥344.97 Million
2014 13.46% 22.36% 0.07x 8.06x CN¥465.13 Million
2015 11.06% 30.91% 0.05x 7.29x CN¥220.79 Million
2016 10.45% 55.34% 0.03x 7.19x CN¥100.44 Million
2017 11.97% 48.78% 0.02x 10.08x CN¥457.26 Million
2018 11.43% 42.50% 0.02x 10.84x CN¥395.02 Million
2019 10.25% 29.34% 0.03x 11.43x CN¥75.25 Million
2020 8.22% 24.47% 0.04x 9.53x CN¥-711.11 Million
2021 10.75% 26.60% 0.04x 10.99x CN¥313.23 Million
2022 4.21% 9.26% 0.04x 12.25x CN¥-2.31 Billion
2023 0.77% 1.71% 0.03x 13.36x CN¥-3.50 Billion

Industry Comparison

This section compares AVIC Capital Co Ltd's net assets metrics with peer companies in the Credit Services industry.

Industry Context

  • Industry: Credit Services
  • Average net assets among peers: $2,848,365,795
  • Average return on equity (ROE) among peers: 23.66%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
AVIC Capital Co Ltd (600705) CN¥65.80 Billion 12.54% 5.72x $1.97 Billion
Jiangsu Financial Leasing Co Ltd Class A (600901) $5.39 Billion 15.25% 6.75x $1.86 Billion
Beijing Cuiwei Tower Co Ltd (603123) $307.13 Million 32.06% 4.11x $619.29 Million