China Aerospace Times Electronics Co Ltd (600879) - Net Assets
Based on the latest financial reports, China Aerospace Times Electronics Co Ltd (600879) has net assets worth CN¥24.30 Billion CNY (≈ $3.56 Billion USD) 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 ≈ $7.11 Billion USD) and total liabilities (CN¥24.29 Billion ≈ $3.55 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 600879 asset resilience ratio to evaluate the company's liquid asset resilience ratio.
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. Also explore China Aerospace Times Electronics Co Ltd total assets for the complete picture of this company's asset base.
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. For live valuation and market cap data, see China Aerospace Times Electronics Co Ltd market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥24.13 Billion ≈ $3.53 Billion |
+2.04% |
| 2023-12-31 | CN¥23.64 Billion ≈ $3.46 Billion |
+23.26% |
| 2022-12-31 | CN¥19.18 Billion ≈ $2.81 Billion |
+35.90% |
| 2021-12-31 | CN¥14.12 Billion ≈ $2.07 Billion |
+5.69% |
| 2020-12-31 | CN¥13.36 Billion ≈ $1.95 Billion |
+2.82% |
| 2019-12-31 | CN¥12.99 Billion ≈ $1.90 Billion |
+4.23% |
| 2018-12-31 | CN¥12.46 Billion ≈ $1.82 Billion |
+7.51% |
| 2017-12-31 | CN¥11.59 Billion ≈ $1.70 Billion |
+31.46% |
| 2016-12-31 | CN¥8.82 Billion ≈ $1.29 Billion |
+55.22% |
| 2015-12-31 | CN¥5.68 Billion ≈ $831.33 Million |
+5.62% |
| 2014-12-31 | CN¥5.38 Billion ≈ $787.11 Million |
+4.84% |
| 2013-12-31 | CN¥5.13 Billion ≈ $750.75 Million |
+41.76% |
| 2012-12-31 | CN¥3.62 Billion ≈ $529.58 Million |
+8.61% |
| 2011-12-31 | CN¥3.33 Billion ≈ $487.60 Million |
+6.21% |
| 2010-12-31 | CN¥3.14 Billion ≈ $459.07 Million |
+2.61% |
| 2009-12-31 | CN¥3.06 Billion ≈ $447.42 Million |
+6.89% |
| 2008-12-31 | CN¥2.86 Billion ≈ $418.57 Million |
+8.66% |
| 2007-12-31 | CN¥2.63 Billion ≈ $385.19 Million |
+90.95% |
| 2006-12-31 | CN¥1.38 Billion ≈ $201.72 Million |
+13.52% |
| 2005-12-31 | CN¥1.21 Billion ≈ $177.70 Million |
+13.60% |
| 2004-12-31 | CN¥1.07 Billion ≈ $156.43 Million |
+6.73% |
| 2003-12-31 | CN¥1.00 Billion ≈ $146.56 Million |
+20.54% |
| 2002-12-31 | CN¥830.89 Million ≈ $121.59 Million |
+10.87% |
| 2001-12-31 | CN¥749.45 Million ≈ $109.67 Million |
+111.98% |
| 2000-12-31 | CN¥353.55 Million ≈ $51.73 Million |
+29.66% |
| 1999-12-31 | CN¥272.66 Million ≈ $39.90 Million |
+11.56% |
| 1998-12-31 | CN¥244.42 Million ≈ $35.77 Million |
+74.52% |
| 1997-12-31 | CN¥140.05 Million ≈ $20.49 Million |
+11.78% |
| 1996-12-31 | CN¥125.29 Million ≈ $18.33 Million |
+27.74% |
| 1995-12-31 | CN¥98.09 Million ≈ $14.35 Million |
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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 |
|---|---|
|
Fresenius Medical Care AG & Co. KGaA
F:FMEA
|
$11.58 Billion |
|
GAIL (India) Limited
NSE:GAIL
|
$11.61 Billion |
|
CENTRICA ADR NEW 2004/4
F:CENN
|
$11.61 Billion |
|
Guangxi Guiguan Electric Power Co Ltd
SHG:600236
|
$11.64 Billion |
|
Solventum Corp.
NYSE:SOLV
|
$11.56 Billion |
|
Hyundai Glovis
KO:086280
|
$11.54 Billion |
|
Chongqing Changan Automobile Co Ltd
SHE:000625
|
$11.53 Billion |
|
Eurofins Scientific SE
PA:ERF
|
$11.53 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: 3.82x
- 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 374.71x to 3.82x 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¥23.97 | x |
| 1996-12-31 | CN¥0.08 | CN¥23.97 | x |
| 1997-12-31 | CN¥0.09 | CN¥23.97 | x |
| 1998-12-31 | CN¥0.16 | CN¥23.97 | x |
| 1999-12-31 | CN¥0.18 | CN¥23.97 | x |
| 2000-12-31 | CN¥0.22 | CN¥23.97 | x |
| 2001-12-31 | CN¥0.49 | CN¥23.97 | x |
| 2002-12-31 | CN¥0.54 | CN¥23.97 | x |
| 2003-12-31 | CN¥0.62 | CN¥23.97 | x |
| 2004-12-31 | CN¥0.66 | CN¥23.97 | x |
| 2005-12-31 | CN¥0.75 | CN¥23.97 | x |
| 2006-12-31 | CN¥0.90 | CN¥23.97 | x |
| 2007-12-31 | CN¥1.64 | CN¥23.97 | x |
| 2008-12-31 | CN¥2.58 | CN¥23.97 | x |
| 2009-12-31 | CN¥1.85 | CN¥23.97 | x |
| 2010-12-31 | CN¥1.90 | CN¥23.97 | x |
| 2011-12-31 | CN¥2.04 | CN¥23.97 | x |
| 2012-12-31 | CN¥2.13 | CN¥23.97 | x |
| 2013-12-31 | CN¥2.69 | CN¥23.97 | x |
| 2014-12-31 | CN¥2.54 | CN¥23.97 | x |
| 2015-12-31 | CN¥2.38 | CN¥23.97 | x |
| 2016-12-31 | CN¥3.57 | CN¥23.97 | x |
| 2017-12-31 | CN¥4.23 | CN¥23.97 | x |
| 2018-12-31 | CN¥4.37 | CN¥23.97 | x |
| 2019-12-31 | CN¥4.55 | CN¥23.97 | x |
| 2020-12-31 | CN¥4.66 | CN¥23.97 | x |
| 2021-12-31 | CN¥4.88 | CN¥23.97 | x |
| 2022-12-31 | CN¥5.75 | CN¥23.97 | x |
| 2023-12-31 | CN¥6.83 | CN¥23.97 | x |
| 2024-12-31 | CN¥6.27 | CN¥23.97 | 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: $3,902,939,037
- Average return on equity (ROE) among peers: 1.85%
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 | $11.57 Billion |
| Shaanxi Ligeance Mineral Resources Co Ltd (000697) | $738.32 Million | 10.95% | 0.40x | $1.30 Billion |
| Aecc Aero Engine Control Co Ltd (000738) | $431.62 Million | -51.07% | 1.07x | $3.99 Billion |
| AVIC Aircraft Co Ltd (000768) | $21.02 Billion | 4.87% | 2.51x | $9.56 Billion |
| Sichuan Haite High-tech Co Ltd (002023) | $133.27 Million | 20.72% | 0.75x | $1.37 Billion |
| Aerospace CH UAV Co Ltd (002389) | $3.39 Billion | 2.95% | 0.09x | $3.17 Billion |
| Kuang Chi Technologies Co Ltd (002625) | $8.23 Billion | 4.58% | 0.12x | $12.35 Billion |
| Beijing Emerging Eastern Aviation Equipment Co Ltd Class A (002933) | $1.48 Billion | 0.96% | 0.66x | $527.52 Million |
| Chengdu Tianjian Technology Co Ltd (002977) | $1.07 Billion | 6.83% | 0.26x | $476.52 Million |
| Beijing Bei Mo Gao Ke Friction Mate (002985) | $910.30 Million | 16.48% | 0.19x | $1.73 Billion |
| Shaanxi Zhongtian Rocket Technology (003009) | $1.63 Billion | 1.20% | 0.91x | $1.37 Billion |
About China Aerospace Times Electronics Co Ltd
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