Guizhou Aviation Technical Development Co Ltd (688239) - Net Assets
Based on the latest financial reports, Guizhou Aviation Technical Development Co Ltd (688239) has net assets worth CN¥2.08 Billion CNY (≈ $304.88 Million 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¥5.19 Billion ≈ $759.02 Million USD) and total liabilities (CN¥3.10 Billion ≈ $454.14 Million 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. See Guizhou Aviation Technical Development C (688239) net asset quality to measure how much of total assets are equity-financed.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥2.08 Billion |
| % of Total Assets | 40.17% |
| Annual Growth Rate | 18.14% |
| 5-Year Change | 94.08% |
| 10-Year Change | 515.94% |
| Growth Volatility | 24.03 |
Guizhou Aviation Technical Development Co Ltd - Net Assets Trend (2013–2025)
This chart illustrates how Guizhou Aviation Technical Development Co Ltd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see market cap of Guizhou Aviation Technical Development C.
Annual Net Assets for Guizhou Aviation Technical Development Co Ltd (2013–2025)
The table below shows the annual net assets of Guizhou Aviation Technical Development Co Ltd from 2013 to 2025. Also explore net asset momentum of Guizhou Aviation Technical Development C to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥2.02 Billion ≈ $295.48 Million |
+8.74% |
| 2024-12-31 | CN¥1.86 Billion ≈ $271.72 Million |
+9.08% |
| 2023-12-31 | CN¥1.70 Billion ≈ $249.11 Million |
+36.57% |
| 2022-12-31 | CN¥1.25 Billion ≈ $182.41 Million |
+19.82% |
| 2021-12-31 | CN¥1.04 Billion ≈ $152.24 Million |
+88.20% |
| 2020-12-31 | CN¥552.82 Million ≈ $80.90 Million |
+15.14% |
| 2019-12-31 | CN¥480.13 Million ≈ $70.26 Million |
+12.64% |
| 2018-12-31 | CN¥426.26 Million ≈ $62.38 Million |
+6.07% |
| 2017-12-31 | CN¥401.85 Million ≈ $58.80 Million |
+22.58% |
| 2016-12-31 | CN¥327.83 Million ≈ $47.97 Million |
-13.16% |
| 2015-12-31 | CN¥377.52 Million ≈ $55.24 Million |
+4.63% |
| 2014-12-31 | CN¥360.83 Million ≈ $52.80 Million |
+32.03% |
| 2013-12-31 | CN¥273.28 Million ≈ $39.99 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Guizhou Aviation Technical Development 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 846.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥712.51 Million | 35.71% |
| Other Components | CN¥1.28 Billion | 64.29% |
| Total Equity | CN¥2.00 Billion | 100.00% |
Guizhou Aviation Technical Development Co Ltd Competitors by Market Cap
The table below lists competitors of Guizhou Aviation Technical Development Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Luoyang Longhua Heat Trans Energy
SHE:300263
|
$1.61 Billion |
|
EMTEK (Shenzhen) Co. Ltd.
SHE:300938
|
$1.61 Billion |
|
Turpaz Industries Ltd
TA:TRPZ
|
$1.61 Billion |
|
Baoding Lucky Innovative Materials Co Ltd
SHE:300446
|
$1.61 Billion |
|
SFL Corporation Ltd
NYSE:SFL
|
$1.61 Billion |
|
Elang Mahkota Teknologi Tbk
JK:EMTK
|
$1.61 Billion |
|
Zhejiang CONBA Pharmaceutical Co Ltd
SHG:600572
|
$1.60 Billion |
|
AeroSpace Technology of Korea
KQ:067390
|
$1.60 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Guizhou Aviation Technical Development Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,834,202,898 to 1,995,452,441, a change of 161,249,543 (8.8%).
- Net income of 185,893,000 contributed positively to equity growth.
- Dividend payments of 52,670,164 reduced retained earnings.
- Other comprehensive income increased equity by 13,991,831.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥185.89 Million | +9.32% |
| Dividends Paid | CN¥52.67 Million | -2.64% |
| Other Comprehensive Income | CN¥13.99 Million | +0.7% |
| Other Changes | CN¥14.03 Million | +0.7% |
| Total Change | CN¥- | 8.79% |
Book Value vs Market Value Analysis
This analysis compares Guizhou Aviation Technical Development 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: 5.46x
- 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 14.85x to 5.46x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-12-31 | CN¥3.87 | CN¥57.48 | x |
| 2014-12-31 | CN¥4.54 | CN¥57.48 | x |
| 2015-12-31 | CN¥4.42 | CN¥57.48 | x |
| 2016-12-31 | CN¥3.83 | CN¥57.48 | x |
| 2017-12-31 | CN¥4.29 | CN¥57.48 | x |
| 2018-12-31 | CN¥3.09 | CN¥57.48 | x |
| 2019-12-31 | CN¥3.50 | CN¥57.48 | x |
| 2020-12-31 | CN¥4.04 | CN¥57.48 | x |
| 2021-12-31 | CN¥6.51 | CN¥57.48 | x |
| 2022-12-31 | CN¥6.85 | CN¥57.48 | x |
| 2023-12-31 | CN¥9.02 | CN¥57.48 | x |
| 2024-12-31 | CN¥9.58 | CN¥57.48 | x |
| 2025-12-31 | CN¥10.52 | CN¥57.48 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Guizhou Aviation Technical Development 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): 9.32%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.14%
- • Asset Turnover: 0.41x
- • Equity Multiplier: 2.48x
- Recent ROE (9.32%) is above the historical average (6.38%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 12.66% | 17.30% | 0.39x | 1.88x | CN¥7.27 Million |
| 2014 | 2.64% | 4.83% | 0.35x | 1.57x | CN¥-26.54 Million |
| 2015 | -1.58% | -2.92% | 0.36x | 1.49x | CN¥-43.73 Million |
| 2016 | -15.16% | -31.83% | 0.30x | 1.59x | CN¥-82.48 Million |
| 2017 | -4.43% | -7.90% | 0.34x | 1.63x | CN¥-58.00 Million |
| 2018 | 5.73% | 7.34% | 0.39x | 1.98x | CN¥-18.22 Million |
| 2019 | 11.22% | 9.15% | 0.51x | 2.38x | CN¥5.85 Million |
| 2020 | 13.15% | 10.84% | 0.47x | 2.58x | CN¥17.41 Million |
| 2021 | 13.35% | 14.48% | 0.44x | 2.11x | CN¥34.90 Million |
| 2022 | 14.71% | 12.61% | 0.49x | 2.40x | CN¥58.71 Million |
| 2023 | 11.00% | 8.82% | 0.62x | 2.02x | CN¥16.84 Million |
| 2024 | 10.28% | 10.45% | 0.42x | 2.34x | CN¥5.19 Million |
| 2025 | 9.32% | 9.14% | 0.41x | 2.48x | CN¥-13.65 Million |
Industry Comparison
This section compares Guizhou Aviation Technical Development Co Ltd's net assets metrics with peer companies in the Aerospace & Defense industry.
Industry Context
- Industry: Aerospace & Defense
- Average net assets among peers: $5,461,859,623
- Average return on equity (ROE) among peers: 8.59%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Guizhou Aviation Technical Development Co Ltd (688239) | CN¥2.08 Billion | 12.66% | 1.49x | $1.61 Billion |
| Shaanxi Ligeance Mineral Resources Co Ltd (000697) | $1.43 Billion | 5.79% | 0.10x | $1.86 Billion |
| Aecc Aero Engine Control Co Ltd (000738) | $12.95 Billion | 5.80% | 0.26x | $3.70 Billion |
| AVIC Aircraft Co Ltd (000768) | $19.54 Billion | 4.41% | 3.14x | $9.29 Billion |
| Sichuan Haite High-tech Co Ltd (002023) | $4.21 Billion | 0.31% | 0.67x | $1.09 Billion |
| Aerospace CH UAV Co Ltd (002389) | $6.13 Billion | 3.05% | 0.23x | $2.73 Billion |
| Kuang Chi Technologies Co Ltd (002625) | $7.70 Billion | 1.49% | 0.04x | $8.65 Billion |
| Beijing Emerging Eastern Aviation Equipment Co Ltd Class A (002933) | $1.45 Billion | 9.78% | 0.07x | $477.38 Million |
| Chengdu Tianjian Technology Co Ltd (002977) | $80.28 Million | 23.54% | 1.91x | $356.64 Million |
| Beijing Bei Mo Gao Ke Friction Mate (002985) | $439.12 Million | 17.60% | 0.20x | $1.36 Billion |
| Shaanxi Zhongtian Rocket Technology (003009) | $698.57 Million | 14.16% | 0.92x | $1.09 Billion |
About Guizhou Aviation Technical Development Co Ltd
Guizhou Aviation Technical Development Co., Ltd researches, develops, manufactures, and sells ring forgings in China and internationally. The company offers aviation, aerospace, gas turbine, other high-end equipment, and other forgings. It also offers technology promotion and application services, sales of metal materials and metal products, and investment management activities. Its products used… Read more