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. Check 688239 goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
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. See Guizhou Aviation Technical Development C defensive interval ratio to measure how many days the company can operate on defensive assets alone.
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. For live valuation and market cap data, see 688239 market cap.
| 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 |
|---|---|
|
Hexing Electrical Co Ltd
SHG:603556
|
$1.65 Billion |
|
Evertec Inc
NYSE:EVTC
|
$1.65 Billion |
|
Essity AB (publ)
ST:ESSITY-A
|
$1.65 Billion |
|
Hainan Haide Industry Co Ltd
SHE:000567
|
$1.65 Billion |
|
Grupo Televisa SAB ADR
NYSE:TV
|
$1.64 Billion |
|
Zhejiang Runtu Co Ltd
SHE:002440
|
$1.64 Billion |
|
PNC Process Systems Co Ltd
SHG:603690
|
$1.64 Billion |
|
Thaifoods Group Public Company Limited
BK:TFG
|
$1.64 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: 5.60x
- 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 15.23x to 5.60x 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¥58.92 | x |
| 2014-12-31 | CN¥4.54 | CN¥58.92 | x |
| 2015-12-31 | CN¥4.42 | CN¥58.92 | x |
| 2016-12-31 | CN¥3.83 | CN¥58.92 | x |
| 2017-12-31 | CN¥4.29 | CN¥58.92 | x |
| 2018-12-31 | CN¥3.09 | CN¥58.92 | x |
| 2019-12-31 | CN¥3.50 | CN¥58.92 | x |
| 2020-12-31 | CN¥4.04 | CN¥58.92 | x |
| 2021-12-31 | CN¥6.51 | CN¥58.92 | x |
| 2022-12-31 | CN¥6.85 | CN¥58.92 | x |
| 2023-12-31 | CN¥9.02 | CN¥58.92 | x |
| 2024-12-31 | CN¥9.58 | CN¥58.92 | x |
| 2025-12-31 | CN¥10.52 | CN¥58.92 | 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: $3,639,675,118
- Average return on equity (ROE) among peers: 5.79%
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 | $1.64 Billion |
| Shaanxi Ligeance Mineral Resources Co Ltd (000697) | $738.32 Million | 10.95% | 0.40x | $2.35 Billion |
| Aecc Aero Engine Control Co Ltd (000738) | $2.36 Billion | -2.28% | 0.56x | $3.62 Billion |
| AVIC Aircraft Co Ltd (000768) | $15.31 Billion | 5.08% | 2.82x | $8.38 Billion |
| Sichuan Haite High-tech Co Ltd (002023) | $4.21 Billion | 0.31% | 0.67x | $1.37 Billion |
| Aerospace CH UAV Co Ltd (002389) | $2.17 Billion | 2.24% | 0.31x | $2.68 Billion |
| Kuang Chi Technologies Co Ltd (002625) | $7.70 Billion | 1.49% | 0.04x | $10.77 Billion |
| Beijing Emerging Eastern Aviation Equipment Co Ltd Class A (002933) | $1.54 Billion | 2.56% | 0.54x | $501.94 Million |
| Chengdu Tianjian Technology Co Ltd (002977) | $1.01 Billion | 10.98% | 0.20x | $430.82 Million |
| Beijing Bei Mo Gao Ke Friction Mate (002985) | $757.88 Million | 13.66% | 0.21x | $1.48 Billion |
| Shaanxi Zhongtian Rocket Technology (003009) | $604.49 Million | 12.90% | 1.10x | $1.37 Billion |
About Guizhou Aviation Technical Development Co Ltd
Guizhou Aviation Technical Development Co., Ltd researches, develops, manufactures, and sells ring forgings in China. The company offers aerospace engine ring forgings. Its products used in aerospace rocket engines, missiles, ship-borne gas turbines, industrial gas turbines, energy, and other high-end equipment fields. Guizhou Aviation Technical Development Co., Ltd was founded in 2006 and is bas… Read more