AECC Aviation Power Co Ltd
AECC Aviation Power Co.,Ltd researches, develops, manufactures, and sells large and medium-sized aircraft engines and gas turbine power units in China. The company offers aircraft engines, gas turbine complete machines, components, maintenance and support services, and aircraft engine parts, as well as export subcontracting services; and non-aviation and other products. It severs its products and… Read more
AECC Aviation Power Co Ltd (600893) - Net Assets
Latest net assets as of September 2025: CN¥47.63 Billion CNY
Based on the latest financial reports, AECC Aviation Power Co Ltd (600893) has net assets worth CN¥47.63 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¥127.36 Billion) and total liabilities (CN¥79.73 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¥47.63 Billion |
| % of Total Assets | 37.4% |
| Annual Growth Rate | 19.17% |
| 5-Year Change | 21.36% |
| 10-Year Change | 149.71% |
| Growth Volatility | 54.45 |
AECC Aviation Power Co Ltd - Net Assets Trend (1994–2024)
This chart illustrates how AECC Aviation Power 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 AECC Aviation Power Co Ltd (1994–2024)
The table below shows the annual net assets of AECC Aviation Power Co Ltd from 1994 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥45.51 Billion | +13.28% |
| 2023-12-31 | CN¥40.18 Billion | -2.69% |
| 2022-12-31 | CN¥41.29 Billion | +3.38% |
| 2021-12-31 | CN¥39.94 Billion | +6.50% |
| 2020-12-31 | CN¥37.50 Billion | +2.61% |
| 2019-12-31 | CN¥36.55 Billion | +19.67% |
| 2018-12-31 | CN¥30.54 Billion | +2.32% |
| 2017-12-31 | CN¥29.85 Billion | +58.09% |
| 2016-12-31 | CN¥18.88 Billion | +3.60% |
| 2015-12-31 | CN¥18.22 Billion | +16.66% |
| 2014-12-31 | CN¥15.62 Billion | +240.54% |
| 2013-12-31 | CN¥4.59 Billion | +6.13% |
| 2012-12-31 | CN¥4.32 Billion | +5.50% |
| 2011-12-31 | CN¥4.10 Billion | +5.32% |
| 2010-12-31 | CN¥3.89 Billion | +4.73% |
| 2009-12-31 | CN¥3.71 Billion | +134.15% |
| 2008-12-31 | CN¥1.59 Billion | +89.79% |
| 2007-12-31 | CN¥835.86 Million | +7.83% |
| 2006-12-31 | CN¥775.17 Million | -1.47% |
| 2005-12-31 | CN¥786.77 Million | +3.64% |
| 2004-12-31 | CN¥759.12 Million | +2.76% |
| 2003-12-31 | CN¥738.70 Million | +6.62% |
| 2002-12-31 | CN¥692.81 Million | +10.32% |
| 2001-12-31 | CN¥627.99 Million | -23.63% |
| 2000-12-31 | CN¥822.25 Million | -2.65% |
| 1999-12-31 | CN¥844.65 Million | -9.35% |
| 1998-12-31 | CN¥931.76 Million | +19.30% |
| 1997-12-31 | CN¥781.05 Million | +22.63% |
| 1996-12-31 | CN¥636.89 Million | +141.21% |
| 1995-12-31 | CN¥264.04 Million | +11.94% |
| 1994-12-31 | CN¥235.87 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to AECC Aviation Power 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 924658600000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥9.25 Billion | 23.19% |
| Common Stock | CN¥2.67 Billion | 6.68% |
| Other Components | CN¥27.96 Billion | 70.13% |
| Total Equity | CN¥39.88 Billion | 100.00% |
AECC Aviation Power Co Ltd Competitors by Market Cap
The table below lists competitors of AECC Aviation Power Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Advanced Drainage Systems Inc
NYSE:WMS
|
$9.97 Billion |
|
SPX Corp
NYSE:SPXC
|
$9.97 Billion |
|
Zillow Group Inc
NASDAQ:ZG
|
$9.98 Billion |
|
Rambus Inc
NASDAQ:RMBS
|
$10.00 Billion |
|
HF Sinclair Corp
NYSE:DINO
|
$9.96 Billion |
|
TTM Technologies Inc
NASDAQ:TTMI
|
$9.93 Billion |
|
Telia Company AB
ST:TELIA
|
$9.90 Billion |
|
Fisher & Paykel Healthcare Corporation Limited
PINK:FSPKF
|
$9.88 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in AECC Aviation Power Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 39,455,041,956 to 39,876,344,000, a change of 421,302,044 (1.1%).
- Net income of 860,291,117 contributed positively to equity growth.
- Dividend payments of 868,362,000 reduced retained earnings.
- Other factors increased equity by 429,372,927.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥860.29 Million | +2.16% |
| Dividends Paid | CN¥868.36 Million | -2.18% |
| Other Changes | CN¥429.37 Million | +1.08% |
| Total Change | CN¥- | 1.07% |
Book Value vs Market Value Analysis
This analysis compares AECC Aviation Power 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: 3.63x
- 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 133.83x to 3.63x 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¥0.40 | CN¥53.88 | x |
| 1995-12-31 | CN¥0.43 | CN¥53.88 | x |
| 1996-12-31 | CN¥1.13 | CN¥53.88 | x |
| 1997-12-31 | CN¥1.24 | CN¥53.88 | x |
| 1998-12-31 | CN¥1.55 | CN¥53.88 | x |
| 1999-12-31 | CN¥1.39 | CN¥53.88 | x |
| 2000-12-31 | CN¥1.33 | CN¥53.88 | x |
| 2001-12-31 | CN¥1.00 | CN¥53.88 | x |
| 2002-12-31 | CN¥1.11 | CN¥53.88 | x |
| 2003-12-31 | CN¥1.17 | CN¥53.88 | x |
| 2004-12-31 | CN¥1.20 | CN¥53.88 | x |
| 2005-12-31 | CN¥1.20 | CN¥53.88 | x |
| 2006-12-31 | CN¥1.22 | CN¥53.88 | x |
| 2007-12-31 | CN¥1.40 | CN¥53.88 | x |
| 2008-12-31 | CN¥2.37 | CN¥53.88 | x |
| 2009-12-31 | CN¥4.10 | CN¥53.88 | x |
| 2010-12-31 | CN¥3.45 | CN¥53.88 | x |
| 2011-12-31 | CN¥3.70 | CN¥53.88 | x |
| 2012-12-31 | CN¥3.91 | CN¥53.88 | x |
| 2013-12-31 | CN¥2.52 | CN¥53.88 | x |
| 2014-12-31 | CN¥7.61 | CN¥53.88 | x |
| 2015-12-31 | CN¥7.72 | CN¥53.88 | x |
| 2016-12-31 | CN¥8.06 | CN¥53.88 | x |
| 2017-12-31 | CN¥12.63 | CN¥53.88 | x |
| 2018-12-31 | CN¥11.75 | CN¥53.88 | x |
| 2019-12-31 | CN¥12.75 | CN¥53.88 | x |
| 2020-12-31 | CN¥15.44 | CN¥53.88 | x |
| 2021-12-31 | CN¥14.19 | CN¥53.88 | x |
| 2022-12-31 | CN¥14.54 | CN¥53.88 | x |
| 2023-12-31 | CN¥14.71 | CN¥53.88 | x |
| 2024-12-31 | CN¥14.83 | CN¥53.88 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently AECC Aviation Power 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): 2.16%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.80%
- • Asset Turnover: 0.41x
- • Equity Multiplier: 2.91x
- Recent ROE (2.16%) is below the historical average (5.11%), 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 | 15.41% | 8.83% | 0.45x | 3.89x | CN¥10.77 Million |
| 1995 | 33.24% | 11.98% | 0.57x | 4.83x | CN¥49.85 Million |
| 1996 | 13.47% | 12.30% | 0.42x | 2.63x | CN¥19.33 Million |
| 1997 | 9.55% | 8.46% | 0.40x | 2.80x | CN¥-2.76 Million |
| 1998 | 1.77% | 1.77% | 0.42x | 2.36x | CN¥-62.93 Million |
| 1999 | 0.73% | 0.68% | 0.39x | 2.76x | CN¥-63.48 Million |
| 2000 | -1.70% | -1.08% | 0.56x | 2.80x | CN¥-76.81 Million |
| 2001 | -28.53% | -16.13% | 0.56x | 3.15x | CN¥-190.58 Million |
| 2002 | 6.27% | 3.53% | 0.79x | 2.24x | CN¥-20.54 Million |
| 2003 | 5.27% | 3.37% | 0.77x | 2.04x | CN¥-27.42 Million |
| 2004 | 1.81% | 1.00% | 0.81x | 2.24x | CN¥-48.58 Million |
| 2005 | 0.37% | 0.21% | 0.83x | 2.16x | CN¥-57.10 Million |
| 2006 | 1.33% | 0.68% | 0.98x | 2.00x | CN¥-52.18 Million |
| 2007 | 4.13% | 2.05% | 0.97x | 2.07x | CN¥-38.75 Million |
| 2008 | 7.81% | 2.83% | 0.60x | 4.57x | CN¥-33.01 Million |
| 2009 | 4.27% | 3.02% | 0.54x | 2.62x | CN¥-208.09 Million |
| 2010 | 5.51% | 3.44% | 0.75x | 2.15x | CN¥-170.27 Million |
| 2011 | 6.49% | 3.81% | 0.81x | 2.11x | CN¥-140.39 Million |
| 2012 | 6.91% | 4.11% | 0.84x | 2.01x | CN¥-130.40 Million |
| 2013 | 18.22% | 3.17% | 2.88x | 1.99x | CN¥368.77 Million |
| 2014 | 6.57% | 3.50% | 0.61x | 3.09x | CN¥-488.56 Million |
| 2015 | 6.86% | 4.40% | 0.49x | 3.16x | CN¥-472.72 Million |
| 2016 | 5.71% | 4.01% | 0.45x | 3.16x | CN¥-670.49 Million |
| 2017 | 3.72% | 4.26% | 0.44x | 2.00x | CN¥-1.62 Billion |
| 2018 | 4.03% | 4.61% | 0.43x | 2.02x | CN¥-1.58 Billion |
| 2019 | 3.76% | 4.27% | 0.40x | 2.20x | CN¥-1.79 Billion |
| 2020 | 3.17% | 4.00% | 0.44x | 1.78x | CN¥-2.46 Billion |
| 2021 | 3.17% | 3.48% | 0.38x | 2.42x | CN¥-2.56 Billion |
| 2022 | 3.30% | 3.42% | 0.41x | 2.34x | CN¥-2.57 Billion |
| 2023 | 3.60% | 3.25% | 0.44x | 2.53x | CN¥-2.52 Billion |
| 2024 | 2.16% | 1.80% | 0.41x | 2.91x | CN¥-3.13 Billion |
Industry Comparison
This section compares AECC Aviation Power 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 |
|---|---|---|---|---|
| AECC Aviation Power Co Ltd (600893) | CN¥47.63 Billion | 15.41% | 1.67x | $9.96 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 |