AVIC Heavy Machinery Co Ltd
AVIC Heavy Machinery Co., Ltd. engages in forging, casting, hydraulic environmental control and other business in China. The company is involved in the production of die, free, isothermal, and ring forging, which consist of aircraft beams; frames; joints; hangings; landing gear and other structural parts; aircraft engines and gas turbine discs; rotating parts, such as discs and shafts; and statio… Read more
AVIC Heavy Machinery Co Ltd (600765) - Net Assets
Latest net assets as of June 2025: CN¥16.26 Billion CNY
Based on the latest financial reports, AVIC Heavy Machinery Co Ltd (600765) has net assets worth CN¥16.26 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¥31.11 Billion) and total liabilities (CN¥14.85 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¥16.26 Billion |
| % of Total Assets | 52.26% |
| Annual Growth Rate | 20.46% |
| 5-Year Change | 121.57% |
| 10-Year Change | 313.04% |
| Growth Volatility | 92.19 |
AVIC Heavy Machinery Co Ltd - Net Assets Trend (2000–2024)
This chart illustrates how AVIC Heavy Machinery 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 Heavy Machinery Co Ltd (2000–2024)
The table below shows the annual net assets of AVIC Heavy Machinery Co Ltd from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥15.89 Billion | +29.66% |
| 2023-12-31 | CN¥12.26 Billion | +13.53% |
| 2022-12-31 | CN¥10.79 Billion | +9.75% |
| 2021-12-31 | CN¥9.84 Billion | +37.15% |
| 2020-12-31 | CN¥7.17 Billion | +9.93% |
| 2019-12-31 | CN¥6.52 Billion | +41.43% |
| 2018-12-31 | CN¥4.61 Billion | +16.06% |
| 2017-12-31 | CN¥3.97 Billion | -1.61% |
| 2016-12-31 | CN¥4.04 Billion | +5.00% |
| 2015-12-31 | CN¥3.85 Billion | -12.96% |
| 2014-12-31 | CN¥4.42 Billion | +3.49% |
| 2013-12-31 | CN¥4.27 Billion | +3.98% |
| 2012-12-31 | CN¥4.11 Billion | +6.60% |
| 2011-12-31 | CN¥3.85 Billion | +13.44% |
| 2010-12-31 | CN¥3.40 Billion | +28.96% |
| 2009-12-31 | CN¥2.63 Billion | +150.79% |
| 2008-12-31 | CN¥1.05 Billion | +11.27% |
| 2007-12-31 | CN¥943.90 Million | +449.82% |
| 2006-12-31 | CN¥171.67 Million | -4.36% |
| 2005-12-31 | CN¥179.51 Million | +6.26% |
| 2004-12-31 | CN¥168.93 Million | +6.00% |
| 2003-12-31 | CN¥159.37 Million | +3.54% |
| 2002-12-31 | CN¥153.91 Million | +0.69% |
| 2001-12-31 | CN¥152.86 Million | -16.24% |
| 2000-12-31 | CN¥182.50 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to AVIC Heavy Machinery 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 546816229109.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥5.47 Billion | 39.12% |
| Other Components | CN¥8.51 Billion | 60.88% |
| Total Equity | CN¥13.98 Billion | 100.00% |
AVIC Heavy Machinery Co Ltd Competitors by Market Cap
The table below lists competitors of AVIC Heavy Machinery Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Supernus Pharmaceuticals Inc
NASDAQ:SUPN
|
$2.63 Billion |
|
Veracyte Inc
NASDAQ:VCYT
|
$2.63 Billion |
|
Silergy Corp
TW:6415
|
$2.63 Billion |
|
Tibet Huayu Mining Co Ltd
SHG:601020
|
$2.63 Billion |
|
Ellington Financial Inc.
NYSE:EFC-PD
|
$2.63 Billion |
|
Plug Power Inc
NASDAQ:PLUG
|
$2.63 Billion |
|
Wonik Ips Co. Ltd
KQ:240810
|
$2.63 Billion |
|
GENTING SG LTD. DL -10
F:36T
|
$2.63 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in AVIC Heavy Machinery Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 11,488,100,576 to 13,976,306,047, a change of 2,488,205,471 (21.7%).
- Net income of 639,730,786 contributed positively to equity growth.
- Dividend payments of 455,621,627 reduced retained earnings.
- Other factors increased equity by 2,304,096,312.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥639.73 Million | +4.58% |
| Dividends Paid | CN¥455.62 Million | -3.26% |
| Other Changes | CN¥2.30 Billion | +16.49% |
| Total Change | CN¥- | 21.66% |
Book Value vs Market Value Analysis
This analysis compares AVIC Heavy Machinery 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: 1.88x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 3.68x to 1.88x 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¥4.81 | CN¥17.71 | x |
| 2018-12-31 | CN¥5.46 | CN¥17.71 | x |
| 2019-12-31 | CN¥6.56 | CN¥17.71 | x |
| 2020-12-31 | CN¥7.14 | CN¥17.71 | x |
| 2021-12-31 | CN¥8.90 | CN¥17.71 | x |
| 2022-12-31 | CN¥7.06 | CN¥17.71 | x |
| 2023-12-31 | CN¥7.81 | CN¥17.71 | x |
| 2024-12-31 | CN¥9.43 | CN¥17.71 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently AVIC Heavy Machinery 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): 4.58%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.18%
- • Asset Turnover: 0.34x
- • Equity Multiplier: 2.17x
- Recent ROE (4.58%) is below the historical average (6.03%), 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 | 0.22% | 0.93% | 0.18x | 1.30x | CN¥-17.84 Million |
| 2001 | 0.75% | 2.22% | 0.24x | 1.39x | CN¥-14.14 Million |
| 2002 | 0.98% | 2.46% | 0.28x | 1.44x | CN¥-13.88 Million |
| 2003 | 3.25% | 6.03% | 0.37x | 1.44x | CN¥-10.76 Million |
| 2004 | 6.76% | 10.48% | 0.47x | 1.38x | CN¥-5.39 Million |
| 2005 | 5.10% | 7.18% | 0.50x | 1.43x | CN¥-8.69 Million |
| 2006 | 7.48% | 8.70% | 0.58x | 1.49x | CN¥-4.28 Million |
| 2007 | 12.17% | 7.54% | 0.65x | 2.47x | CN¥19.18 Million |
| 2008 | 17.90% | 9.46% | 0.55x | 3.42x | CN¥75.53 Million |
| 2009 | 10.52% | 9.12% | 0.49x | 2.34x | CN¥12.97 Million |
| 2010 | 8.34% | 5.49% | 0.53x | 2.86x | CN¥-45.65 Million |
| 2011 | 4.88% | 2.66% | 0.57x | 3.22x | CN¥-153.42 Million |
| 2012 | 6.64% | 3.97% | 0.50x | 3.35x | CN¥-108.02 Million |
| 2013 | 4.57% | 2.40% | 0.53x | 3.62x | CN¥-182.07 Million |
| 2014 | 4.44% | 2.74% | 0.43x | 3.75x | CN¥-196.34 Million |
| 2015 | -9.24% | -5.11% | 0.45x | 4.06x | CN¥-624.80 Million |
| 2016 | 6.92% | 4.52% | 0.38x | 3.98x | CN¥-107.87 Million |
| 2017 | 4.39% | 2.91% | 0.45x | 3.36x | CN¥-209.87 Million |
| 2018 | 7.84% | 6.12% | 0.45x | 2.84x | CN¥-91.88 Million |
| 2019 | 4.49% | 4.60% | 0.42x | 2.35x | CN¥-337.65 Million |
| 2020 | 5.12% | 5.13% | 0.43x | 2.33x | CN¥-327.36 Million |
| 2021 | 9.52% | 10.13% | 0.45x | 2.10x | CN¥-45.32 Million |
| 2022 | 11.56% | 11.37% | 0.50x | 2.03x | CN¥162.49 Million |
| 2023 | 11.65% | 11.56% | 0.46x | 2.21x | CN¥189.37 Million |
| 2024 | 4.58% | 6.18% | 0.34x | 2.17x | CN¥-757.90 Million |
Industry Comparison
This section compares AVIC Heavy Machinery Co Ltd's net assets metrics with peer companies in the Specialty Industrial Machinery industry.
Industry Context
- Industry: Specialty Industrial Machinery
- Average net assets among peers: $1,242,592,243
- Average return on equity (ROE) among peers: 0.43%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| AVIC Heavy Machinery Co Ltd (600765) | CN¥16.26 Billion | 0.22% | 0.91x | $2.63 Billion |
| Huayi Compressor Co Ltd (000404) | $83.42 Million | 0.00% | 1.93x | $437.73 Million |
| Shenyang Machine Tool Co Ltd (000410) | $973.75 Million | 2.65% | 2.70x | $1.49 Billion |
| North Industries Group Red Arrow Co Ltd (000519) | $351.55 Million | 1.05% | 0.46x | $1.93 Billion |
| Changchai Co Ltd (000570) | $1.42 Billion | 15.77% | 1.09x | $381.98 Million |
| Jiangsu Youli Investment Holding Co Ltd (000584) | $654.39 Million | 0.62% | 0.63x | $25.43 Million |
| Baota Industry Co Ltd (000595) | $374.06 Million | -44.66% | 1.53x | $540.37 Million |
| SUFA Technology Industry Co Ltd CNNC (000777) | $2.16 Billion | 10.62% | 0.70x | $970.60 Million |
| J.S. Corrugating Machinery Co Ltd (000821) | $1.86 Billion | 4.58% | 0.58x | $763.60 Million |
| Qinchuan Machine Tool & Tool Group Share Co Ltd (000837) | $316.88 Million | 9.87% | 0.41x | $876.35 Million |
| Ning Xia Yin Xing Energy Co Ltd (000862) | $4.23 Billion | 3.79% | 1.25x | $459.10 Million |