Apple Flavor&Fragrance Grp (603020) — Net Asset Quality Index
Apple Flavor&Fragrance Grp (603020) has a Net Asset Quality Index of 94.1% as of March 2026. This metric measures the proportion of total assets financed by shareholders' equity — total assets of CN¥3.68 Billion minus total liabilities of CN¥216.12 Million yields net assets of CN¥3.47 Billion. A higher index indicates a stronger, lower-leverage balance sheet. Read 603020 current and long-term liabilities for a breakdown of total debt and financial obligations.
Quality Index
Net Assets
Total Assets
Total Liabilities
Apple Flavor&Fragrance Grp Net Asset Quality Index Over Time (2011–2025)
This chart shows how Apple Flavor&Fragrance Grp's Net Asset Quality Index has evolved across 15 annual periods from 2011 to 2025. As of March 2026, the index stands at 94.1%, representing net assets of CN¥3.47 Billion against total assets of CN¥3.68 Billion CNY. For live market cap and overall valuation, see Apple Flavor&Fragrance Grp stock valuation.
Annual Net Asset Quality Index for Apple Flavor&Fragrance Grp (2011–2025)
The table below presents the year-by-year Net Asset Quality Index for Apple Flavor&Fragrance Grp from 2011 to 2025, covering 15 annual filings. Each row shows total assets, total liabilities, net assets, the quality index percentage, and the change in percentage points compared to the prior year. Check 603020 capital-intensive asset ratio to assess the company's strategic physical and investment asset allocation.
| Year | Quality Index | Net Assets (CNY) | Total Assets | Total Liabilities | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 94.4% | CN¥3.43 Billion | CN¥3.63 Billion | CN¥204.83 Million | ▲ +1.1 pp |
| 2024 | 93.2% | CN¥3.40 Billion | CN¥3.65 Billion | CN¥246.17 Million | ▲ +4.5 pp |
| 2023 | 88.7% | CN¥3.39 Billion | CN¥3.82 Billion | CN¥431.57 Million | ▲ +3.0 pp |
| 2022 | 85.7% | CN¥3.32 Billion | CN¥3.87 Billion | CN¥553.98 Million | ▼ -1.1 pp |
| 2021 | 86.8% | CN¥3.35 Billion | CN¥3.86 Billion | CN¥510.87 Million | ▼ -0.1 pp |
| 2020 | 86.9% | CN¥2.43 Billion | CN¥2.79 Billion | CN¥365.13 Million | ▼ -0.3 pp |
| 2019 | 87.2% | CN¥2.29 Billion | CN¥2.63 Billion | CN¥337.12 Million | ▼ -3.0 pp |
| 2018 | 90.1% | CN¥2.16 Billion | CN¥2.40 Billion | CN¥236.20 Million | ▲ +0.4 pp |
| 2017 | 89.7% | CN¥1.98 Billion | CN¥2.20 Billion | CN¥226.84 Million | ▲ +0.5 pp |
| 2016 | 89.2% | CN¥1.91 Billion | CN¥2.14 Billion | CN¥231.77 Million | ▲ +2.5 pp |
| 2015 | 86.7% | CN¥1.78 Billion | CN¥2.05 Billion | CN¥272.21 Million | ▲ +6.8 pp |
| 2014 | 79.9% | CN¥888.74 Million | CN¥1.11 Billion | CN¥223.43 Million | ▲ +3.7 pp |
| 2013 | 76.2% | CN¥776.28 Million | CN¥1.02 Billion | CN¥241.87 Million | ▲ +0.6 pp |
| 2012 | 75.6% | CN¥649.01 Million | CN¥858.10 Million | CN¥209.08 Million | ▲ +11.4 pp |
| 2011 | 64.2% | CN¥531.86 Million | CN¥828.03 Million | CN¥296.18 Million | — |