Aerospace Cf
Beijing Aerospace Changfeng Co.,Ltd engages in the high-end medical equipment, military electronics, and public security business in China. The company provides public safety integration and software development services related to public security. It also produces and sells infrared detectors and related products, modular integrated power supplies, and UPS/EPS power supply, and source products. … Read more
Aerospace Cf (600855) - Net Assets
Latest net assets as of September 2025: CN¥1.65 Billion CNY
Based on the latest financial reports, Aerospace Cf (600855) has net assets worth CN¥1.65 Billion CNY as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥3.56 Billion) and total liabilities (CN¥1.91 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¥1.65 Billion |
| % of Total Assets | 46.38% |
| Annual Growth Rate | 7.19% |
| 5-Year Change | -3.99% |
| 10-Year Change | 84.87% |
| Growth Volatility | 107.74 |
Aerospace Cf - Net Assets Trend (1993–2024)
This chart illustrates how Aerospace Cf's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Aerospace Cf (1993–2024)
The table below shows the annual net assets of Aerospace Cf from 1993 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.74 Billion | -13.09% |
| 2023-12-31 | CN¥2.00 Billion | +5.56% |
| 2022-12-31 | CN¥1.89 Billion | +0.81% |
| 2021-12-31 | CN¥1.88 Billion | +3.80% |
| 2020-12-31 | CN¥1.81 Billion | -4.71% |
| 2019-12-31 | CN¥1.90 Billion | +40.57% |
| 2018-12-31 | CN¥1.35 Billion | +39.79% |
| 2017-12-31 | CN¥965.25 Million | -0.53% |
| 2016-12-31 | CN¥970.41 Million | +3.39% |
| 2015-12-31 | CN¥938.61 Million | +2.09% |
| 2014-12-31 | CN¥919.38 Million | +4.10% |
| 2013-12-31 | CN¥883.16 Million | +7.14% |
| 2012-12-31 | CN¥824.32 Million | +4.34% |
| 2011-12-31 | CN¥790.05 Million | +30.02% |
| 2010-12-31 | CN¥607.66 Million | -2.86% |
| 2009-12-31 | CN¥625.53 Million | +2.20% |
| 2008-12-31 | CN¥612.07 Million | -8.96% |
| 2007-12-31 | CN¥672.28 Million | +7.13% |
| 2006-12-31 | CN¥627.52 Million | +3.52% |
| 2005-12-31 | CN¥606.18 Million | +108.79% |
| 2004-12-31 | CN¥290.34 Million | +15.87% |
| 2003-12-31 | CN¥250.58 Million | +14.13% |
| 2002-12-31 | CN¥219.55 Million | +10.29% |
| 2001-12-31 | CN¥199.07 Million | +10.82% |
| 2000-12-31 | CN¥179.64 Million | +590.77% |
| 1999-12-31 | CN¥26.01 Million | -71.63% |
| 1998-12-31 | CN¥91.67 Million | -55.96% |
| 1997-12-31 | CN¥208.15 Million | -22.91% |
| 1996-12-31 | CN¥270.02 Million | -6.25% |
| 1995-12-31 | CN¥288.02 Million | -11.69% |
| 1994-12-31 | CN¥326.14 Million | +61.54% |
| 1993-12-31 | CN¥201.89 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Aerospace Cf'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 5935777300.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥59.36 Million | 3.69% |
| Common Stock | CN¥468.54 Million | 29.11% |
| Other Comprehensive Income | CN¥100.28 Million | 6.23% |
| Other Components | CN¥981.17 Million | 60.97% |
| Total Equity | CN¥1.61 Billion | 100.00% |
Aerospace Cf Competitors by Market Cap
The table below lists competitors of Aerospace Cf ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Xinjiang Xuefeng Sci-Tech
SHG:603227
|
$632.48 Million |
|
Xiangyang Automobile Bearing Co Ltd
SHE:000678
|
$632.55 Million |
|
King-Strong New Material Technology Co Ltd
SHE:300629
|
$632.58 Million |
|
Dah Sing Financial Holdings Limited
PINK:DAHSF
|
$632.73 Million |
|
BES Engineering Co
TW:2515
|
$632.27 Million |
|
Johnson Electric Holdings Limited
PINK:JELCF
|
$632.17 Million |
|
FARM FRESH BERHAD
KLSE:5306
|
$632.08 Million |
|
Conduit Holdings Limited
OTCGREY:CNDHF
|
$631.85 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Aerospace Cf's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,854,813,458 to 1,609,351,070, a change of -245,462,388 (-13.2%).
- Net loss of 245,940,480 reduced equity.
- Dividend payments of 2,487,586 reduced retained earnings.
- Share repurchases of 47,160,966 reduced equity.
- Other comprehensive income increased equity by 100,278,707.
- Other factors decreased equity by 50,152,063.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-245.94 Million | -15.28% |
| Dividends Paid | CN¥2.49 Million | -0.15% |
| Share Repurchases | CN¥47.16 Million | -2.93% |
| Other Comprehensive Income | CN¥100.28 Million | +6.23% |
| Other Changes | CN¥-50.15 Million | -3.12% |
| Total Change | CN¥- | -13.23% |
Book Value vs Market Value Analysis
This analysis compares Aerospace Cf'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: 5.20x
- 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 16.04x to 5.20x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1994-12-31 | CN¥1.11 | CN¥17.88 | x |
| 1995-12-31 | CN¥0.98 | CN¥17.88 | x |
| 1996-12-31 | CN¥0.92 | CN¥17.88 | x |
| 1997-12-31 | CN¥0.71 | CN¥17.88 | x |
| 1998-12-31 | CN¥0.31 | CN¥17.88 | x |
| 1999-12-31 | CN¥0.09 | CN¥17.88 | x |
| 2000-12-31 | CN¥0.61 | CN¥17.88 | x |
| 2001-12-31 | CN¥0.68 | CN¥17.88 | x |
| 2002-12-31 | CN¥0.75 | CN¥17.88 | x |
| 2003-12-31 | CN¥0.82 | CN¥17.88 | x |
| 2004-12-31 | CN¥0.89 | CN¥17.88 | x |
| 2005-12-31 | CN¥1.96 | CN¥17.88 | x |
| 2006-12-31 | CN¥2.03 | CN¥17.88 | x |
| 2007-12-31 | CN¥2.19 | CN¥17.88 | x |
| 2008-12-31 | CN¥1.98 | CN¥17.88 | x |
| 2009-12-31 | CN¥2.02 | CN¥17.88 | x |
| 2010-12-31 | CN¥1.73 | CN¥17.88 | x |
| 2011-12-31 | CN¥2.27 | CN¥17.88 | x |
| 2012-12-31 | CN¥2.34 | CN¥17.88 | x |
| 2013-12-31 | CN¥2.42 | CN¥17.88 | x |
| 2014-12-31 | CN¥2.51 | CN¥17.88 | x |
| 2015-12-31 | CN¥2.58 | CN¥17.88 | x |
| 2016-12-31 | CN¥2.66 | CN¥17.88 | x |
| 2017-12-31 | CN¥2.64 | CN¥17.88 | x |
| 2018-12-31 | CN¥3.03 | CN¥17.88 | x |
| 2019-12-31 | CN¥4.26 | CN¥17.88 | x |
| 2020-12-31 | CN¥3.84 | CN¥17.88 | x |
| 2021-12-31 | CN¥4.03 | CN¥17.88 | x |
| 2022-12-31 | CN¥4.01 | CN¥17.88 | x |
| 2023-12-31 | CN¥3.97 | CN¥17.88 | x |
| 2024-12-31 | CN¥3.44 | CN¥17.88 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Aerospace Cf 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): -15.28%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -21.21%
- • Asset Turnover: 0.31x
- • Equity Multiplier: 2.31x
- Recent ROE (-15.28%) is below the historical average (-8.14%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1994 | 2.53% | 2.84% | 0.57x | 1.56x | CN¥-24.35 Million |
| 1995 | -10.94% | -10.07% | 0.61x | 1.77x | CN¥-60.31 Million |
| 1996 | -6.67% | -9.13% | 0.37x | 1.98x | CN¥-45.00 Million |
| 1997 | -30.15% | -50.25% | 0.26x | 2.35x | CN¥-83.57 Million |
| 1998 | -127.08% | -148.97% | 0.20x | 4.20x | CN¥-125.65 Million |
| 1999 | -226.79% | -77.32% | 0.23x | 12.57x | CN¥-61.58 Million |
| 2000 | 81.18% | 352.95% | 0.14x | 1.67x | CN¥127.76 Million |
| 2001 | 10.02% | 15.13% | 0.44x | 1.51x | CN¥46.05K |
| 2002 | 9.22% | 12.45% | 0.50x | 1.49x | CN¥-1.71 Million |
| 2003 | 8.53% | 11.81% | 0.38x | 1.90x | CN¥-3.51 Million |
| 2004 | 8.83% | 9.67% | 0.52x | 1.75x | CN¥-3.06 Million |
| 2005 | 4.55% | 10.92% | 0.31x | 1.34x | CN¥-31.29 Million |
| 2006 | 3.70% | 6.82% | 0.39x | 1.38x | CN¥-37.48 Million |
| 2007 | 0.48% | 0.81% | 0.43x | 1.35x | CN¥-60.77 Million |
| 2008 | -3.93% | -6.27% | 0.46x | 1.36x | CN¥-80.65 Million |
| 2009 | 0.51% | 0.86% | 0.48x | 1.24x | CN¥-56.29 Million |
| 2010 | -1.10% | -1.19% | 0.69x | 1.34x | CN¥-63.59 Million |
| 2011 | 4.33% | 2.93% | 0.92x | 1.61x | CN¥-42.61 Million |
| 2012 | 2.82% | 2.50% | 0.64x | 1.76x | CN¥-55.73 Million |
| 2013 | 3.92% | 3.21% | 0.63x | 1.94x | CN¥-48.82 Million |
| 2014 | 2.77% | 3.35% | 0.42x | 1.95x | CN¥-60.24 Million |
| 2015 | 3.43% | 3.33% | 0.52x | 1.96x | CN¥-56.11 Million |
| 2016 | 6.54% | 5.10% | 0.66x | 1.95x | CN¥-30.50 Million |
| 2017 | 1.18% | 0.69% | 0.78x | 2.20x | CN¥-77.20 Million |
| 2018 | 6.42% | 3.60% | 0.85x | 2.10x | CN¥-42.39 Million |
| 2019 | 6.11% | 3.99% | 0.75x | 2.04x | CN¥-65.78 Million |
| 2020 | 6.73% | 4.11% | 0.60x | 2.72x | CN¥-55.12 Million |
| 2021 | 6.60% | 4.21% | 0.63x | 2.47x | CN¥-60.45 Million |
| 2022 | 1.83% | 1.79% | 0.45x | 2.29x | CN¥-143.71 Million |
| 2023 | -12.68% | -17.02% | 0.35x | 2.15x | CN¥-420.70 Million |
| 2024 | -15.28% | -21.21% | 0.31x | 2.31x | CN¥-406.88 Million |
Industry Comparison
This section compares Aerospace Cf'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 |
|---|---|---|---|---|
| Aerospace Cf (600855) | CN¥1.65 Billion | 2.53% | 1.16x | $632.31 Million |
| 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 |