AVIC Heavy Machinery Co Ltd (600765) - Net Assets

Latest as of March 2026: CN¥16.47 Billion CNY ≈ $2.41 Billion USD

Based on the latest financial reports, AVIC Heavy Machinery Co Ltd (600765) has net assets worth CN¥16.47 Billion CNY (≈ $2.41 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¥31.03 Billion ≈ $4.54 Billion USD) and total liabilities (CN¥14.55 Billion ≈ $2.13 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 600765 tangible net assets ratio to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric Value
Current Net Assets CN¥16.47 Billion
% of Total Assets 53.09%
Annual Growth Rate 23.22%
5-Year Change 64.37%
10-Year Change 300.25%
Growth Volatility 90.66

AVIC Heavy Machinery Co Ltd - Net Assets Trend (1993–2025)

This chart illustrates how AVIC Heavy Machinery Co Ltd's net assets have evolved over time, based on quarterly financial data. See AVIC Heavy Machinery Co Ltd defensive interval ratio to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for AVIC Heavy Machinery Co Ltd (1993–2025)

The table below shows the annual net assets of AVIC Heavy Machinery Co Ltd from 1993 to 2025. For live valuation and market cap data, see 600765 market cap.

Year Net Assets Change
2025-12-31 CN¥16.17 Billion
≈ $2.37 Billion		 +1.75%
2024-12-31 CN¥15.89 Billion
≈ $2.33 Billion		 +29.66%
2023-12-31 CN¥12.26 Billion
≈ $1.79 Billion		 +13.53%
2022-12-31 CN¥10.79 Billion
≈ $1.58 Billion		 +9.75%
2021-12-31 CN¥9.84 Billion
≈ $1.44 Billion		 +37.15%
2020-12-31 CN¥7.17 Billion
≈ $1.05 Billion		 +9.93%
2019-12-31 CN¥6.52 Billion
≈ $954.57 Million		 +41.43%
2018-12-31 CN¥4.61 Billion
≈ $674.94 Million		 +16.06%
2017-12-31 CN¥3.97 Billion
≈ $581.56 Million		 -1.61%
2016-12-31 CN¥4.04 Billion
≈ $591.08 Million		 +5.00%
2015-12-31 CN¥3.85 Billion
≈ $562.94 Million		 -12.96%
2014-12-31 CN¥4.42 Billion
≈ $646.78 Million		 +3.49%
2013-12-31 CN¥4.27 Billion
≈ $625.00 Million		 +3.98%
2012-12-31 CN¥4.11 Billion
≈ $601.09 Million		 +6.60%
2011-12-31 CN¥3.85 Billion
≈ $563.85 Million		 +13.44%
2010-12-31 CN¥3.40 Billion
≈ $497.03 Million		 +28.96%
2009-12-31 CN¥2.63 Billion
≈ $385.43 Million		 +150.79%
2008-12-31 CN¥1.05 Billion
≈ $153.69 Million		 +11.27%
2007-12-31 CN¥943.90 Million
≈ $138.12 Million		 +449.83%
2006-12-31 CN¥171.67 Million
≈ $25.12 Million		 -4.36%
2005-12-31 CN¥179.51 Million
≈ $26.27 Million		 +6.26%
2004-12-31 CN¥168.93 Million
≈ $24.72 Million		 +6.00%
2003-12-31 CN¥159.37 Million
≈ $23.32 Million		 +3.54%
2002-12-31 CN¥153.92 Million
≈ $22.52 Million		 +0.69%
2001-12-31 CN¥152.86 Million
≈ $22.37 Million		 -16.24%
2000-12-31 CN¥182.50 Million
≈ $26.71 Million		 +0.37%
1999-12-31 CN¥181.84 Million
≈ $26.61 Million		 -8.19%
1998-12-31 CN¥198.06 Million
≈ $28.98 Million		 +28.80%
1997-12-31 CN¥153.77 Million
≈ $22.50 Million		 +1.24%
1996-12-31 CN¥151.89 Million
≈ $22.23 Million		 +261.15%
1995-12-31 CN¥42.06 Million
≈ $6.15 Million		 +82.15%
1994-12-31 CN¥23.09 Million
≈ $3.38 Million		 +13.79%
1993-12-31 CN¥20.29 Million
≈ $2.97 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 585578450100.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component Amount Percentage
Retained Earnings CN¥5.86 Billion 41.31%
Common Stock CN¥1.56 Billion 11.03%
Other Comprehensive Income CN¥1.73 Billion 12.18%
Other Components CN¥5.03 Billion 35.47%
Total Equity CN¥14.17 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
Royal Unibrew A/S
CO:RBREW
 $3.16 Billion
Procter & Gamble Hygiene and Health Care Limited
NSE:PGHH
 $3.16 Billion
Vale Indonesia Tbk
JK:INCO
 $3.17 Billion
Puig Brands SA
NYSE:PUGBY
 $3.17 Billion
Tianjin Zhongxin Pharmaceutical Group Corp Ltd
SHG:600329
 $3.16 Billion
Shandong Shida Shenghua Chem
SHG:603026
 $3.16 Billion
COSCO SHIPPING Specialized Carriers Co Ltd
SHG:600428
 $3.16 Billion
TOMRA SYSTEMS ADR/1 NK 1
F:TMR0
 $3.15 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 2024 to 2025, total equity changed from 13,976,306,046 to 14,174,438,194, a change of 198,132,148 (1.4%).
  • Net income of 608,821,603 contributed positively to equity growth.
  • Dividend payments of 221,200,987 reduced retained earnings.
  • Other comprehensive income increased equity by 1,700,893,094.
  • Other factors decreased equity by 1,890,381,562.

Equity Change Factors (2024 to 2025)

Factor Impact Contribution
Net Income CN¥608.82 Million +4.3%
Dividends Paid CN¥221.20 Million -1.56%
Other Comprehensive Income CN¥1.70 Billion +12.0%
Other Changes CN¥-1.89 Billion -13.34%
Total Change CN¥- 1.42%

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: 1.53x
  • 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 226.26x to 1.53x 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¥0.06 CN¥13.90 x
1994-12-31 CN¥0.07 CN¥13.90 x
1995-12-31 CN¥0.13 CN¥13.90 x
1996-12-31 CN¥0.46 CN¥13.90 x
1997-12-31 CN¥0.47 CN¥13.90 x
1998-12-31 CN¥0.60 CN¥13.90 x
1999-12-31 CN¥0.55 CN¥13.90 x
2000-12-31 CN¥0.55 CN¥13.90 x
2001-12-31 CN¥0.46 CN¥13.90 x
2002-12-31 CN¥0.47 CN¥13.90 x
2003-12-31 CN¥0.48 CN¥13.90 x
2009-12-31 CN¥2.40 CN¥13.90 x
2010-12-31 CN¥2.53 CN¥13.90 x
2011-12-31 CN¥2.75 CN¥13.90 x
2012-12-31 CN¥2.95 CN¥13.90 x
2013-12-31 CN¥3.08 CN¥13.90 x
2014-12-31 CN¥3.24 CN¥13.90 x
2015-12-31 CN¥2.98 CN¥13.90 x
2016-12-31 CN¥3.22 CN¥13.90 x
2017-12-31 CN¥3.44 CN¥13.90 x
2018-12-31 CN¥3.90 CN¥13.90 x
2019-12-31 CN¥4.69 CN¥13.90 x
2020-12-31 CN¥5.13 CN¥13.90 x
2021-12-31 CN¥6.68 CN¥13.90 x
2022-12-31 CN¥7.10 CN¥13.90 x
2023-12-31 CN¥7.82 CN¥13.90 x
2024-12-31 CN¥9.50 CN¥13.90 x
2025-12-31 CN¥9.08 CN¥13.90 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): 4.30%
  • The company may be facing challenges in efficiently utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 6.02%
  • • Asset Turnover: 0.33x
  • • Equity Multiplier: 2.19x
  • Recent ROE (4.30%) is below the historical average (11.07%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
1993 59.89% 21.83% 0.84x 3.26x CN¥10.12 Million
1994 54.83% 26.52% 0.42x 4.89x CN¥10.35 Million
1995 31.07% 25.33% 0.37x 3.33x CN¥8.86 Million
1996 10.21% 29.75% 0.23x 1.51x CN¥317.56K
1997 11.20% 33.64% 0.22x 1.52x CN¥1.84 Million
1998 3.35% 14.89% 0.17x 1.32x CN¥-13.17 Million
1999 -4.10% -20.24% 0.15x 1.33x CN¥-25.64 Million
2000 0.17% 0.71% 0.18x 1.30x CN¥-17.94 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 3.10% 5.75% 0.37x 1.44x CN¥-11.00 Million
2004 7.27% 11.27% 0.47x 1.38x CN¥-4.54 Million
2005 5.10% 7.18% 0.50x 1.43x CN¥-8.69 Million
2006 45.92% 7.84% 3.94x 1.49x CN¥60.91 Million
2007 12.17% 7.67% 0.64x 2.47x CN¥19.18 Million
2008 22.85% 12.39% 0.54x 3.42x CN¥122.84 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% 2.69% 0.44x 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 11.55% 11.36% 0.50x 2.03x CN¥160.92 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
2025 4.30% 6.02% 0.33x 2.19x CN¥-808.62 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: $2,053,540,271
  • Average return on equity (ROE) among peers: 4.45%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
AVIC Heavy Machinery Co Ltd (600765) CN¥16.47 Billion 59.89% 0.88x $3.16 Billion
Huayi Compressor Co Ltd (000404) $2.70 Billion 6.94% 1.45x $768.94 Million
Shenyang Machine Tool Co Ltd (000410) $1.11 Billion 8.63% 3.77x $1.98 Billion
North Industries Group Red Arrow Co Ltd (000519) $9.75 Billion 8.40% 0.54x $4.14 Billion
Bingshan Refrigeration & Heat Transfer Technologies Co Ltd (000530) $657.04 Million 17.35% 0.68x $478.11 Million
Changchai Co Ltd (000570) $2.06 Billion 3.02% 0.72x $409.83 Million
Jiangsu Youli Investment Holding Co Ltd (000584) $437.03 Million 6.41% 1.13x $32.29 Million
Baota Industry Co Ltd (000595) $356.47 Million -22.08% 1.87x $1.07 Billion
SUFA Technology Industry Co Ltd CNNC (000777) $303.55 Million 4.59% 0.79x $1.10 Billion
J.S. Corrugating Machinery Co Ltd (000821) $2.36 Billion 2.28% 1.62x $788.41 Million
Qinchuan Machine Tool & Tool Group Share Co Ltd (000837) $803.92 Million 9.00% 0.67x $1.83 Billion

About AVIC Heavy Machinery Co Ltd

SHG:600765 China Specialty Industrial Machinery
Market Cap
$3.16 Billion
CN¥21.58 Billion CNY
Market Cap Rank
#4859 Global
#885 in China
Share Price
CN¥13.90
Change (1 day)
-0.57%
52-Week Range
CN¥13.21 - CN¥21.62
All Time High
CN¥35.78
Categories
Companies in China Specialty Industrial Machinery
About

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 still … Read more