China Aerospace Times Electronics Co Ltd

SHG:600879 China Aerospace & Defense
Market Cap
$10.49 Billion
CN¥76.94 Billion CNY
Market Cap Rank
#2007 Global
#112 in China
Share Price
CN¥23.32
Change (1 day)
-6.68%
52-Week Range
CN¥8.14 - CN¥31.56
All Time High
CN¥31.56
Categories
Companies in China Aerospace & Defense
About

China Aerospace Times Electronics CO., LTD., together with its subsidiaries, manufactures, produces and sells aerospace electronics, unmanned system equipment, and wire and cable products in China. The company offers military and civilian unmanned aerial vehicle systems, precision-guided weapon systems, and Internet of Things application systems; and system-level products, such as measurement and… Read more

China Aerospace Times Electronics Co Ltd (600879) - Net Assets

Latest net assets as of September 2025: CN¥24.30 Billion CNY

Based on the latest financial reports, China Aerospace Times Electronics Co Ltd (600879) has net assets worth CN¥24.30 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¥48.60 Billion) and total liabilities (CN¥24.29 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¥24.30 Billion
% of Total Assets 50.01%
Annual Growth Rate 20.9%
5-Year Change 80.64%
10-Year Change 324.69%
Growth Volatility 27.21

China Aerospace Times Electronics Co Ltd - Net Assets Trend (1995–2024)

This chart illustrates how China Aerospace Times Electronics 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 China Aerospace Times Electronics Co Ltd (1995–2024)

The table below shows the annual net assets of China Aerospace Times Electronics Co Ltd from 1995 to 2024.

Year Net Assets Change
2024-12-31 CN¥24.13 Billion +2.04%
2023-12-31 CN¥23.64 Billion +23.26%
2022-12-31 CN¥19.18 Billion +35.90%
2021-12-31 CN¥14.12 Billion +5.69%
2020-12-31 CN¥13.36 Billion +2.82%
2019-12-31 CN¥12.99 Billion +4.23%
2018-12-31 CN¥12.46 Billion +7.51%
2017-12-31 CN¥11.59 Billion +31.46%
2016-12-31 CN¥8.82 Billion +55.22%
2015-12-31 CN¥5.68 Billion +5.62%
2014-12-31 CN¥5.38 Billion +4.84%
2013-12-31 CN¥5.13 Billion +41.76%
2012-12-31 CN¥3.62 Billion +8.61%
2011-12-31 CN¥3.33 Billion +6.21%
2010-12-31 CN¥3.14 Billion +2.61%
2009-12-31 CN¥3.06 Billion +6.89%
2008-12-31 CN¥2.86 Billion +8.66%
2007-12-31 CN¥2.63 Billion +90.95%
2006-12-31 CN¥1.38 Billion +13.52%
2005-12-31 CN¥1.21 Billion +13.60%
2004-12-31 CN¥1.07 Billion +6.73%
2003-12-31 CN¥1.00 Billion +20.54%
2002-12-31 CN¥830.89 Million +10.87%
2001-12-31 CN¥749.45 Million +111.98%
2000-12-31 CN¥353.55 Million +29.66%
1999-12-31 CN¥272.66 Million +11.56%
1998-12-31 CN¥244.42 Million +74.52%
1997-12-31 CN¥140.05 Million +11.78%
1996-12-31 CN¥125.29 Million +27.74%
1995-12-31 CN¥98.09 Million --

Equity Component Analysis

This analysis shows how different components contribute to China Aerospace Times Electronics 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 136662.1% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings CN¥6.75 Billion 32.63%
Common Stock CN¥3.30 Billion 15.95%
Other Comprehensive Income CN¥3.84 Billion 18.57%
Other Components CN¥6.79 Billion 32.84%
Total Equity CN¥20.68 Billion 100.00%

China Aerospace Times Electronics Co Ltd Competitors by Market Cap

The table below lists competitors of China Aerospace Times Electronics Co Ltd ranked by their market capitalization.

Company Market Cap
First Industrial Realty Trust Inc
NYSE:FR
 		$7.81 Billion
China International Capital Corporation Limited
PINK:CNICF
 		$7.81 Billion
WH Group Ltd
F:0WH
 		$7.82 Billion
Banca Transilvania S.A.
RO:TLV
 		$7.82 Billion
The Weir Group PLC
PINK:WEIGF
 		$7.80 Billion
Inner Mongolia BaoTou Steel Union Co Ltd
SHG:600010
 		$7.79 Billion
Sitime Corporation
NASDAQ:SITM
 		$7.79 Billion
Brixmor Property Group Inc
F:BXR
 		$7.79 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in China Aerospace Times Electronics Co Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 20,260,350,179 to 20,679,161,000, a change of 418,810,821 (2.1%).
  • Net income of 548,020,393 contributed positively to equity growth.
  • Dividend payments of 333,854,409 reduced retained earnings.
  • Other comprehensive income increased equity by 3,840,397,000.
  • Other factors decreased equity by 3,635,752,163.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income CN¥548.02 Million +2.65%
Dividends Paid CN¥333.85 Million -1.61%
Other Comprehensive Income CN¥3.84 Billion +18.57%
Other Changes CN¥-3.64 Billion -17.58%
Total Change CN¥- 2.07%

Book Value vs Market Value Analysis

This analysis compares China Aerospace Times Electronics 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: 3.72x
  • 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 364.55x to 3.72x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
1995-12-31 CN¥0.06 CN¥23.32 x
1996-12-31 CN¥0.08 CN¥23.32 x
1997-12-31 CN¥0.09 CN¥23.32 x
1998-12-31 CN¥0.16 CN¥23.32 x
1999-12-31 CN¥0.18 CN¥23.32 x
2000-12-31 CN¥0.22 CN¥23.32 x
2001-12-31 CN¥0.49 CN¥23.32 x
2002-12-31 CN¥0.54 CN¥23.32 x
2003-12-31 CN¥0.62 CN¥23.32 x
2004-12-31 CN¥0.66 CN¥23.32 x
2005-12-31 CN¥0.75 CN¥23.32 x
2006-12-31 CN¥0.90 CN¥23.32 x
2007-12-31 CN¥1.64 CN¥23.32 x
2008-12-31 CN¥2.58 CN¥23.32 x
2009-12-31 CN¥1.85 CN¥23.32 x
2010-12-31 CN¥1.90 CN¥23.32 x
2011-12-31 CN¥2.04 CN¥23.32 x
2012-12-31 CN¥2.13 CN¥23.32 x
2013-12-31 CN¥2.69 CN¥23.32 x
2014-12-31 CN¥2.54 CN¥23.32 x
2015-12-31 CN¥2.38 CN¥23.32 x
2016-12-31 CN¥3.57 CN¥23.32 x
2017-12-31 CN¥4.23 CN¥23.32 x
2018-12-31 CN¥4.37 CN¥23.32 x
2019-12-31 CN¥4.55 CN¥23.32 x
2020-12-31 CN¥4.66 CN¥23.32 x
2021-12-31 CN¥4.88 CN¥23.32 x
2022-12-31 CN¥5.75 CN¥23.32 x
2023-12-31 CN¥6.83 CN¥23.32 x
2024-12-31 CN¥6.27 CN¥23.32 x

Capital Efficiency Dashboard

This dashboard shows how efficiently China Aerospace Times Electronics 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): 2.65%
  • The company may be facing challenges in efficiently utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 3.84%
  • • Asset Turnover: 0.31x
  • • Equity Multiplier: 2.24x
  • Recent ROE (2.65%) is below the historical average (8.46%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
1995 10.65% 9.68% 0.35x 3.13x CN¥641.18K
1996 12.66% 14.39% 0.28x 3.12x CN¥3.31 Million
1997 10.61% 13.35% 0.26x 3.04x CN¥849.10K
1998 8.71% 11.93% 0.27x 2.72x CN¥-3.16 Million
1999 11.87% 12.15% 0.42x 2.31x CN¥5.10 Million
2000 19.03% 15.28% 0.48x 2.62x CN¥30.48 Million
2001 14.83% 23.56% 0.38x 1.66x CN¥35.94 Million
2002 14.36% 21.13% 0.39x 1.74x CN¥36.07 Million
2003 12.24% 19.17% 0.34x 1.85x CN¥21.28 Million
2004 13.19% 18.19% 0.39x 1.86x CN¥32.31 Million
2005 15.05% 17.10% 0.45x 1.94x CN¥58.40 Million
2006 16.67% 16.06% 0.55x 1.89x CN¥88.02 Million
2007 10.77% 15.30% 0.40x 1.75x CN¥19.66 Million
2008 8.93% 10.73% 0.45x 1.87x CN¥-30.10 Million
2009 6.74% 8.02% 0.44x 1.92x CN¥-97.98 Million
2010 5.26% 5.48% 0.46x 2.07x CN¥-146.30 Million
2011 5.15% 4.80% 0.52x 2.08x CN¥-158.48 Million
2012 5.94% 5.53% 0.48x 2.22x CN¥-140.16 Million
2013 4.65% 5.61% 0.48x 1.73x CN¥-265.23 Million
2014 4.72% 5.03% 0.50x 1.88x CN¥-275.20 Million
2015 6.95% 3.47% 1.03x 1.94x CN¥-167.94 Million
2016 5.55% 4.14% 0.59x 2.27x CN¥-383.63 Million
2017 4.61% 4.02% 0.58x 1.96x CN¥-614.13 Million
2018 3.85% 3.38% 0.52x 2.18x CN¥-730.83 Million
2019 3.70% 3.34% 0.47x 2.36x CN¥-779.05 Million
2020 3.78% 3.42% 0.45x 2.46x CN¥-788.92 Million
2021 4.14% 3.43% 0.48x 2.53x CN¥-776.63 Million
2022 3.92% 3.51% 0.40x 2.83x CN¥-951.66 Million
2023 2.59% 2.80% 0.40x 2.29x CN¥-1.50 Billion
2024 2.65% 3.84% 0.31x 2.24x CN¥-1.52 Billion

Industry Comparison

This section compares China Aerospace Times Electronics 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
China Aerospace Times Electronics Co Ltd (600879) CN¥24.30 Billion 10.65% 1.00x $7.81 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