Avic Shenyang Aircraft Co Ltd
AVIC Shenyang Aircraft Company Limited engages in the manufacture and sale of aviation products in China. It offers aviation defense equipment, military aviation, and civil aviation products; and aircraft maintenance services. The company was formerly known as Zhonghangheibao Co.,Ltd. AVIC Shenyang Aircraft Company Limited was founded in 1993 and is based in Shenyang, China. AVIC Shenyang Aircraf… Read more
Avic Shenyang Aircraft Co Ltd (600760) - Net Assets
Latest net assets as of June 2025: CN¥19.62 Billion CNY
Based on the latest financial reports, Avic Shenyang Aircraft Co Ltd (600760) has net assets worth CN¥19.62 Billion CNY as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥64.18 Billion) and total liabilities (CN¥44.56 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¥19.62 Billion |
| % of Total Assets | 30.57% |
| Annual Growth Rate | 14.08% |
| 5-Year Change | 75.82% |
| 10-Year Change | 3630.15% |
| Growth Volatility | 228.78 |
Avic Shenyang Aircraft Co Ltd - Net Assets Trend (2000–2024)
This chart illustrates how Avic Shenyang Aircraft 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 Shenyang Aircraft Co Ltd (2000–2024)
The table below shows the annual net assets of Avic Shenyang Aircraft Co Ltd from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥19.05 Billion | +17.18% |
| 2023-12-31 | CN¥16.26 Billion | +17.69% |
| 2022-12-31 | CN¥13.81 Billion | +12.30% |
| 2021-12-31 | CN¥12.30 Billion | +13.52% |
| 2020-12-31 | CN¥10.84 Billion | +16.23% |
| 2019-12-31 | CN¥9.32 Billion | +13.64% |
| 2018-12-31 | CN¥8.20 Billion | +12.27% |
| 2017-12-31 | CN¥7.31 Billion | +1141.14% |
| 2016-12-31 | CN¥588.74 Million | +15.28% |
| 2015-12-31 | CN¥510.73 Million | -34.69% |
| 2014-12-31 | CN¥782.04 Million | -20.58% |
| 2013-12-31 | CN¥984.69 Million | +4.44% |
| 2012-12-31 | CN¥942.79 Million | -4.38% |
| 2011-12-31 | CN¥985.96 Million | -10.85% |
| 2010-12-31 | CN¥1.11 Billion | +132.66% |
| 2009-12-31 | CN¥475.35 Million | +9.21% |
| 2008-12-31 | CN¥435.25 Million | -3.72% |
| 2007-12-31 | CN¥452.05 Million | +4.30% |
| 2006-12-31 | CN¥433.41 Million | -7.99% |
| 2005-12-31 | CN¥471.06 Million | +0.49% |
| 2004-12-31 | CN¥468.78 Million | -9.58% |
| 2003-12-31 | CN¥518.46 Million | -19.68% |
| 2002-12-31 | CN¥645.51 Million | -12.97% |
| 2001-12-31 | CN¥741.71 Million | -8.08% |
| 2000-12-31 | CN¥806.92 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Avic Shenyang Aircraft 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 4074.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥9.02 Billion | 52.83% |
| Other Components | CN¥8.05 Billion | 47.17% |
| Total Equity | CN¥17.08 Billion | 100.00% |
Avic Shenyang Aircraft Co Ltd Competitors by Market Cap
The table below lists competitors of Avic Shenyang Aircraft Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Qorvo Inc
NASDAQ:QRVO
|
$6.58 Billion |
|
DCI Indonesia Tbk PT
JK:DCII
|
$6.58 Billion |
|
Unisplendour Corp Ltd
SHE:000938
|
$6.59 Billion |
|
Osisko Gold Royalties Ltd.
LSE:0VBE
|
$6.59 Billion |
|
Zoomlion Heavy Industry Science and Technology Co. Ltd
F:8CZ
|
$6.57 Billion |
|
First American Corporation
NYSE:FAF
|
$6.55 Billion |
|
Corebridge Financial Inc.
NYSE:CRBG
|
$6.55 Billion |
|
Tryg A/S
CO:TRYG
|
$6.54 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Avic Shenyang Aircraft Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 15,095,011,019 to 17,076,522,944, a change of 1,981,511,925 (13.1%).
- Net income of 3,393,966,061 contributed positively to equity growth.
- Dividend payments of 1,101,773,697 reduced retained earnings.
- Other factors decreased equity by 310,680,439.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥3.39 Billion | +19.88% |
| Dividends Paid | CN¥1.10 Billion | -6.45% |
| Other Changes | CN¥-310.68 Million | -1.82% |
| Total Change | CN¥- | 13.13% |
Book Value vs Market Value Analysis
This analysis compares Avic Shenyang Aircraft 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: 8.34x
- 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 10.12x to 8.34x 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¥5.11 | CN¥51.66 | x |
| 2018-12-31 | CN¥5.61 | CN¥51.66 | x |
| 2019-12-31 | CN¥6.20 | CN¥51.66 | x |
| 2020-12-31 | CN¥7.25 | CN¥51.66 | x |
| 2021-12-31 | CN¥5.82 | CN¥51.66 | x |
| 2022-12-31 | CN¥6.55 | CN¥51.66 | x |
| 2023-12-31 | CN¥5.48 | CN¥51.66 | x |
| 2024-12-31 | CN¥6.20 | CN¥51.66 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Avic Shenyang Aircraft 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): 19.88%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.92%
- • Asset Turnover: 0.70x
- • Equity Multiplier: 3.61x
- Recent ROE (19.88%) is above the historical average (5.47%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 3.18% | 8.75% | 0.29x | 1.27x | CN¥-55.06 Million |
| 2003 | 0.93% | 2.40% | 0.30x | 1.30x | CN¥-47.04 Million |
| 2005 | 0.31% | 0.28% | 0.70x | 1.59x | CN¥-45.65 Million |
| 2007 | 4.76% | 3.10% | 0.81x | 1.90x | CN¥-23.67 Million |
| 2009 | 8.44% | 2.80% | 1.22x | 2.46x | CN¥-7.43 Million |
| 2010 | 4.39% | 1.23% | 0.99x | 3.62x | CN¥-48.39 Million |
| 2013 | 2.36% | 0.55% | 0.90x | 4.73x | CN¥-57.23 Million |
| 2015 | -56.11% | -13.01% | 0.67x | 6.48x | CN¥-260.14 Million |
| 2016 | 8.07% | 3.08% | 0.69x | 3.80x | CN¥-8.64 Million |
| 2017 | 9.91% | 3.63% | 0.74x | 3.70x | CN¥-6.51 Million |
| 2018 | 9.45% | 3.69% | 0.71x | 3.62x | CN¥-43.04 Million |
| 2019 | 10.10% | 3.69% | 0.81x | 3.36x | CN¥8.97 Million |
| 2020 | 14.59% | 5.42% | 0.83x | 3.24x | CN¥465.35 Million |
| 2021 | 14.86% | 4.97% | 0.54x | 5.50x | CN¥554.47 Million |
| 2022 | 17.95% | 5.54% | 0.71x | 4.58x | CN¥1.02 Billion |
| 2023 | 19.92% | 6.50% | 0.83x | 3.67x | CN¥1.50 Billion |
| 2024 | 19.88% | 7.92% | 0.70x | 3.61x | CN¥1.69 Billion |
Industry Comparison
This section compares Avic Shenyang Aircraft Co Ltd's net assets metrics with peer companies in the Aerospace & Defense industry.
Industry Context
- Industry: Aerospace & Defense
- Average net assets among peers: $1,905,739,972
- Average return on equity (ROE) among peers: 11.22%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Avic Shenyang Aircraft Co Ltd (600760) | CN¥19.62 Billion | 3.18% | 2.27x | $6.57 Billion |
| Shaanxi Ligeance Mineral Resources Co Ltd (000697) | $102.23 Million | 20.95% | 1.61x | $576.57 Million |
| Aecc Aero Engine Control Co Ltd (000738) | $5.67 Billion | 4.58% | 0.28x | $1.93 Billion |
| Zhejiang XiaSha Precision (001316) | $476.25 Million | 27.15% | 0.22x | $218.15 Million |
| Sichuan Haite High-tech Co Ltd (002023) | $175.19 Million | 19.07% | 0.67x | $850.82 Million |
| Aerospace CH UAV Co Ltd (002389) | $6.37 Billion | 3.80% | 0.25x | $1.81 Billion |
| Kuang Chi Technologies Co Ltd (002625) | $602.65 Million | 10.94% | 0.23x | $8.62 Billion |
| Beijing Emerging Eastern Aviation Equipment Co Ltd Class A (002933) | $1.43 Billion | -4.03% | 0.22x | $429.19 Million |
| Beijing Bei Mo Gao Ke Friction Mate (002985) | $910.30 Million | 16.48% | 0.19x | $833.21 Million |
| Shaanxi Zhongtian Rocket Technology (003009) | $421.86 Million | 7.68% | 1.25x | $416.06 Million |
| Bestway Marine & Energy Technology Co Ltd (300008) | $2.90 Billion | 5.59% | 0.31x | $1.63 Billion |