AVIC Capital Co Ltd (600705) - Net Assets

Latest as of September 2024: CN¥65.80 Billion CNY ≈ $9.63 Billion USD

Based on the latest financial reports, AVIC Capital Co Ltd (600705) has net assets worth CN¥65.80 Billion CNY (≈ $9.63 Billion USD) 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 ≈ $64.74 Billion USD) and total liabilities (CN¥376.59 Billion ≈ $55.11 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 600705 financial resilience to evaluate the company's liquid asset resilience ratio.

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. Also explore AVIC Capital Co Ltd (600705) total assets for the complete picture of this company's asset base.

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. For live valuation and market cap data, see AVIC Capital Co Ltd (600705) market capitalisation.

Year	Net Assets	Change
2023-12-31	CN¥65.87 Billion ≈ $9.64 Billion	-3.25%
2022-12-31	CN¥68.09 Billion ≈ $9.96 Billion	-2.64%
2021-12-31	CN¥69.93 Billion ≈ $10.23 Billion	+10.80%
2020-12-31	CN¥63.12 Billion ≈ $9.24 Billion	+31.01%
2019-12-31	CN¥48.18 Billion ≈ $7.05 Billion	+16.16%
2018-12-31	CN¥41.48 Billion ≈ $6.07 Billion	+47.89%
2017-12-31	CN¥28.04 Billion ≈ $4.10 Billion	+6.62%
2016-12-31	CN¥26.30 Billion ≈ $3.85 Billion	+6.85%
2015-12-31	CN¥24.62 Billion ≈ $3.60 Billion	+23.92%
2014-12-31	CN¥19.87 Billion ≈ $2.91 Billion	+86.83%
2013-12-31	CN¥10.63 Billion ≈ $1.56 Billion	+4.62%
2012-12-31	CN¥10.16 Billion ≈ $1.49 Billion	+1050.84%
2011-12-31	CN¥883.18 Million ≈ $129.24 Million	-0.15%
2010-12-31	CN¥884.54 Million ≈ $129.44 Million	+60986.74%
2009-12-31	CN¥1.45 Million ≈ $211.89K	+9.37%
2008-12-31	CN¥1.32 Million ≈ $193.74K	-99.41%
2007-12-31	CN¥225.00 Million ≈ $32.92 Million	+240.14%
2006-12-31	CN¥-160.54 Million ≈ $-23.49 Million	-112.12%
2005-12-31	CN¥1.32 Billion ≈ $193.81 Million	-18.15%
2004-12-31	CN¥1.62 Billion ≈ $236.78 Million	-14.03%
2003-12-31	CN¥1.88 Billion ≈ $275.43 Million	+3.54%
2002-12-31	CN¥1.82 Billion ≈ $266.02 Million	+4.56%
2001-12-31	CN¥1.74 Billion ≈ $254.40 Million	+115.25%
2000-12-31	CN¥807.70 Million ≈ $118.19 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
BILFINGER SE UNSP.ADR 1/5 F:GBFU	$4.48 Billion
TaTaTu SpA PA:ALTTU	$4.48 Billion
Moneta Money Bank AS PR:MONET	$4.48 Billion
Dongguan Dingtong Precision Metal Co. Ltd. A SHG:688668	$4.48 Billion
Texas Capital Bancshares Inc NASDAQ:TCBI	$4.48 Billion
Sweco AB (publ) ST:SWEC-B	$4.48 Billion
Zhejiang Kaishan Compressor SHE:300257	$4.47 Billion
Bumrungrad Hospital PCL BK:BH	$4.47 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: $2,566,793,192
Average return on equity (ROE) among peers: 4.55%

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	$4.48 Billion
Jiangsu Financial Leasing Co Ltd Class A (600901)	$3.51 Billion	0.00%	4.27x	$5.85 Billion
Beijing Cuiwei Tower Co Ltd (603123)	$1.63 Billion	9.10%	1.11x	$1.36 Billion

About AVIC Capital Co Ltd

SHG:600705 China Credit Services

Market Cap

$4.48 Billion

CN¥30.61 Billion CNY

Market Cap Rank

#3862 Global

#633 in China

Share Price

CN¥3.47

Change (1 day)

+0.00%

52-Week Range

CN¥3.47 - CN¥3.47

All Time High

CN¥7.79