Avic Shenyang Aircraft Co Ltd (600760) - Net Assets
Based on the latest financial reports, Avic Shenyang Aircraft Co Ltd (600760) has net assets worth CN¥25.90 Billion CNY (≈ $3.79 Billion USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥73.17 Billion ≈ $10.71 Billion USD) and total liabilities (CN¥47.28 Billion ≈ $6.92 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 how tangible is Avic Shenyang Aircraft Co Ltd's equity to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥25.90 Billion |
| % of Total Assets | 35.39% |
| Annual Growth Rate | 18.82% |
| 5-Year Change | 108.67% |
| 10-Year Change | 4384.31% |
| Growth Volatility | 207.18 |
Avic Shenyang Aircraft Co Ltd - Net Assets Trend (1993–2025)
This chart illustrates how Avic Shenyang Aircraft Co Ltd's net assets have evolved over time, based on quarterly financial data. See defensive interval ratio of Avic Shenyang Aircraft Co Ltd to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Avic Shenyang Aircraft Co Ltd (1993–2025)
The table below shows the annual net assets of Avic Shenyang Aircraft Co Ltd from 1993 to 2025. For live valuation and market cap data, see 600760 stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥25.67 Billion ≈ $3.76 Billion |
+34.73% |
| 2024-12-31 | CN¥19.05 Billion ≈ $2.79 Billion |
+17.18% |
| 2023-12-31 | CN¥16.26 Billion ≈ $2.38 Billion |
+17.69% |
| 2022-12-31 | CN¥13.81 Billion ≈ $2.02 Billion |
+12.30% |
| 2021-12-31 | CN¥12.30 Billion ≈ $1.80 Billion |
+13.52% |
| 2020-12-31 | CN¥10.84 Billion ≈ $1.59 Billion |
+16.23% |
| 2019-12-31 | CN¥9.32 Billion ≈ $1.36 Billion |
+13.64% |
| 2018-12-31 | CN¥8.20 Billion ≈ $1.20 Billion |
+12.27% |
| 2017-12-31 | CN¥7.31 Billion ≈ $1.07 Billion |
+1176.64% |
| 2016-12-31 | CN¥572.37 Million ≈ $83.76 Million |
+12.07% |
| 2015-12-31 | CN¥510.73 Million ≈ $74.74 Million |
-34.69% |
| 2014-12-31 | CN¥782.05 Million ≈ $114.44 Million |
-20.58% |
| 2013-12-31 | CN¥984.69 Million ≈ $144.09 Million |
+4.44% |
| 2012-12-31 | CN¥942.79 Million ≈ $137.96 Million |
-4.38% |
| 2011-12-31 | CN¥985.96 Million ≈ $144.28 Million |
-18.41% |
| 2010-12-31 | CN¥1.21 Billion ≈ $176.83 Million |
+154.21% |
| 2009-12-31 | CN¥475.35 Million ≈ $69.56 Million |
+9.21% |
| 2008-12-31 | CN¥435.25 Million ≈ $63.69 Million |
-3.72% |
| 2007-12-31 | CN¥452.05 Million ≈ $66.15 Million |
+4.30% |
| 2006-12-31 | CN¥433.41 Million ≈ $63.42 Million |
-7.99% |
| 2005-12-31 | CN¥471.06 Million ≈ $68.93 Million |
+0.49% |
| 2004-12-31 | CN¥468.78 Million ≈ $68.60 Million |
-9.58% |
| 2003-12-31 | CN¥518.46 Million ≈ $75.87 Million |
+1.22% |
| 2002-12-31 | CN¥512.19 Million ≈ $74.95 Million |
-30.95% |
| 2001-12-31 | CN¥741.71 Million ≈ $108.54 Million |
-8.08% |
| 2000-12-31 | CN¥806.92 Million ≈ $118.08 Million |
+1.51% |
| 1999-12-31 | CN¥794.93 Million ≈ $116.32 Million |
+0.70% |
| 1998-12-31 | CN¥789.45 Million ≈ $115.52 Million |
+53.68% |
| 1997-12-31 | CN¥513.70 Million ≈ $75.17 Million |
+32.54% |
| 1996-12-31 | CN¥387.57 Million ≈ $56.71 Million |
+207.32% |
| 1995-12-31 | CN¥126.11 Million ≈ $18.45 Million |
+19.65% |
| 1994-12-31 | CN¥105.40 Million ≈ $15.42 Million |
+2.44% |
| 1993-12-31 | CN¥102.89 Million ≈ $15.06 Million |
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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 129860.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥11.29 Billion | 47.94% |
| Other Components | CN¥12.26 Billion | 52.06% |
| Total Equity | CN¥23.55 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 |
|---|---|
|
Nextracker Inc. Class A Common Stock
NASDAQ:NXT
|
$17.18 Billion |
|
Brookfield Infrastructure Partners LP
NYSE:BIP
|
$17.19 Billion |
|
Lattice Semiconductor Corporation
NASDAQ:LSCC
|
$17.22 Billion |
|
WSP Global Inc
TO:WSP
|
$17.23 Billion |
|
Lenovo Group Limited
F:LHL1
|
$17.12 Billion |
|
MERCK KGAA NAM.SP.ADR
F:MRKC
|
$17.07 Billion |
|
Tourmaline Oil Corp.
TO:TOU
|
$17.05 Billion |
|
China Three Gorges New Energy Group Co Ltd
SHG:600905
|
$17.03 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 2024 to 2025, total equity changed from 17,076,523,000 to 23,552,232,508, a change of 6,475,709,508 (37.9%).
- Net income of 3,517,760,110 contributed positively to equity growth.
- Dividend payments of 1,102,244,433 reduced retained earnings.
- Other comprehensive income increased equity by 180,144,000.
- Other factors increased equity by 3,880,049,831.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥3.52 Billion | +14.94% |
| Dividends Paid | CN¥1.10 Billion | -4.68% |
| Other Comprehensive Income | CN¥180.14 Million | +0.76% |
| Other Changes | CN¥3.88 Billion | +16.47% |
| Total Change | CN¥- | 37.92% |
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: 4.97x
- 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 151.15x to 4.97x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1993-12-31 | CN¥0.27 | CN¥41.27 | x |
| 1994-12-31 | CN¥0.28 | CN¥41.27 | x |
| 1995-12-31 | CN¥0.33 | CN¥41.27 | x |
| 1996-12-31 | CN¥1.03 | CN¥41.27 | x |
| 1997-12-31 | CN¥1.36 | CN¥41.27 | x |
| 1998-12-31 | CN¥2.09 | CN¥41.27 | x |
| 1999-12-31 | CN¥2.11 | CN¥41.27 | x |
| 2000-12-31 | CN¥2.14 | CN¥41.27 | x |
| 2001-12-31 | CN¥1.97 | CN¥41.27 | x |
| 2002-12-31 | CN¥1.88 | CN¥41.27 | x |
| 2003-12-31 | CN¥1.90 | CN¥41.27 | x |
| 2004-12-31 | CN¥1.72 | CN¥41.27 | x |
| 2005-12-31 | CN¥1.73 | CN¥41.27 | x |
| 2006-12-31 | CN¥0.81 | CN¥41.27 | x |
| 2007-12-31 | CN¥1.66 | CN¥41.27 | x |
| 2008-12-31 | CN¥1.14 | CN¥41.27 | x |
| 2009-12-31 | CN¥1.24 | CN¥41.27 | x |
| 2010-12-31 | CN¥1.69 | CN¥41.27 | x |
| 2011-12-31 | CN¥1.58 | CN¥41.27 | x |
| 2012-12-31 | CN¥1.08 | CN¥41.27 | x |
| 2013-12-31 | CN¥1.08 | CN¥41.27 | x |
| 2014-12-31 | CN¥0.90 | CN¥41.27 | x |
| 2015-12-31 | CN¥0.58 | CN¥41.27 | x |
| 2016-12-31 | CN¥0.65 | CN¥41.27 | x |
| 2017-12-31 | CN¥2.63 | CN¥41.27 | x |
| 2018-12-31 | CN¥2.86 | CN¥41.27 | x |
| 2019-12-31 | CN¥3.18 | CN¥41.27 | x |
| 2020-12-31 | CN¥3.72 | CN¥41.27 | x |
| 2021-12-31 | CN¥4.14 | CN¥41.27 | x |
| 2022-12-31 | CN¥4.68 | CN¥41.27 | x |
| 2023-12-31 | CN¥5.47 | CN¥41.27 | x |
| 2024-12-31 | CN¥6.19 | CN¥41.27 | x |
| 2025-12-31 | CN¥8.31 | CN¥41.27 | 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): 14.94%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.88%
- • Asset Turnover: 0.58x
- • Equity Multiplier: 3.29x
- Recent ROE (14.94%) is above the historical average (9.30%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1993 | 8.44% | 4.04% | 1.15x | 1.82x | CN¥-1.60 Million |
| 1994 | 47.21% | 12.84% | 1.54x | 2.38x | CN¥39.22 Million |
| 1995 | 60.38% | 15.14% | 1.46x | 2.73x | CN¥63.54 Million |
| 1996 | 25.10% | 24.91% | 0.69x | 1.47x | CN¥58.53 Million |
| 1997 | 24.63% | 24.88% | 0.75x | 1.33x | CN¥75.15 Million |
| 1998 | 11.18% | 21.85% | 0.40x | 1.28x | CN¥9.30 Million |
| 1999 | 6.21% | 13.19% | 0.35x | 1.33x | CN¥-30.10 Million |
| 2000 | 3.18% | 8.75% | 0.29x | 1.27x | CN¥-55.06 Million |
| 2001 | -7.01% | -18.39% | 0.29x | 1.29x | CN¥-126.16 Million |
| 2002 | -14.17% | -33.56% | 0.31x | 1.34x | CN¥-123.78 Million |
| 2003 | 0.93% | 2.40% | 0.30x | 1.30x | CN¥-47.04 Million |
| 2004 | -10.81% | -15.98% | 0.51x | 1.34x | CN¥-97.55 Million |
| 2005 | 0.31% | 0.28% | 0.70x | 1.59x | CN¥-45.65 Million |
| 2006 | -14.23% | -10.87% | 0.72x | 1.82x | CN¥-105.01 Million |
| 2007 | 4.76% | 3.10% | 0.81x | 1.90x | CN¥-23.67 Million |
| 2008 | -3.86% | -2.10% | 0.90x | 2.05x | CN¥-60.33 Million |
| 2009 | 8.44% | 2.80% | 1.22x | 2.46x | CN¥-7.43 Million |
| 2010 | 3.92% | 1.23% | 0.96x | 3.34x | CN¥-58.64 Million |
| 2011 | -25.70% | -5.33% | 1.05x | 4.59x | CN¥-273.98 Million |
| 2012 | -4.93% | -1.20% | 0.92x | 4.46x | CN¥-109.21 Million |
| 2013 | 2.36% | 0.55% | 0.90x | 4.73x | CN¥-57.23 Million |
| 2014 | -23.16% | -5.56% | 0.82x | 5.09x | CN¥-201.39 Million |
| 2015 | -56.11% | -13.01% | 0.67x | 6.48x | CN¥-260.14 Million |
| 2016 | 128.14% | 3.15% | 10.53x | 3.87x | CN¥518.90 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 | 15.01% | 4.94% | 0.55x | 5.50x | CN¥571.76 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 |
| 2025 | 14.94% | 7.88% | 0.58x | 3.29x | CN¥1.16 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: $3,639,675,118
- Average return on equity (ROE) among peers: 5.79%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Avic Shenyang Aircraft Co Ltd (600760) | CN¥25.90 Billion | 8.44% | 1.83x | $17.12 Billion |
| Shaanxi Ligeance Mineral Resources Co Ltd (000697) | $738.32 Million | 10.95% | 0.40x | $2.35 Billion |
| Aecc Aero Engine Control Co Ltd (000738) | $2.36 Billion | -2.28% | 0.56x | $3.62 Billion |
| AVIC Aircraft Co Ltd (000768) | $15.31 Billion | 5.08% | 2.82x | $8.38 Billion |
| Sichuan Haite High-tech Co Ltd (002023) | $4.21 Billion | 0.31% | 0.67x | $1.37 Billion |
| Aerospace CH UAV Co Ltd (002389) | $2.17 Billion | 2.24% | 0.31x | $2.68 Billion |
| Kuang Chi Technologies Co Ltd (002625) | $7.70 Billion | 1.49% | 0.04x | $10.77 Billion |
| Beijing Emerging Eastern Aviation Equipment Co Ltd Class A (002933) | $1.54 Billion | 2.56% | 0.54x | $501.94 Million |
| Chengdu Tianjian Technology Co Ltd (002977) | $1.01 Billion | 10.98% | 0.20x | $430.82 Million |
| Beijing Bei Mo Gao Ke Friction Mate (002985) | $757.88 Million | 13.66% | 0.21x | $1.48 Billion |
| Shaanxi Zhongtian Rocket Technology (003009) | $604.49 Million | 12.90% | 1.10x | $1.37 Billion |
About Avic Shenyang Aircraft Co Ltd
AVIC Shenyang Aircraft Company Limited manufactures and markets aviation products in China. It offers aviation defense equipment, military aircraft, 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 Aircraft Company Limi… Read more