Novoray Corporation (688300) — Net Asset Quality Index
Novoray Corporation (688300) has a Net Asset Quality Index of 73.6% as of September 2025. This metric measures the proportion of total assets financed by shareholders' equity — total assets of CN¥2.22 Billion minus total liabilities of CN¥585.16 Million yields net assets of CN¥1.63 Billion. A higher index indicates a stronger, lower-leverage balance sheet. See 688300 defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
Quality Index
Net Assets
Total Assets
Total Liabilities
Novoray Corporation Net Asset Quality Index Over Time (2012–2024)
This chart shows how Novoray Corporation's Net Asset Quality Index has evolved across 13 annual periods from 2012 to 2024. As of September 2025, the index stands at 73.6%, representing net assets of CN¥1.63 Billion against total assets of CN¥2.22 Billion CNY. Explore Novoray Corporation cash conversion from operations to assess how effectively this company generates cash.
Annual Net Asset Quality Index for Novoray Corporation (2012–2024)
The table below presents the year-by-year Net Asset Quality Index for Novoray Corporation from 2012 to 2024, covering 13 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. For market capitalisation and the full company profile, see 688300 market cap.
| Year | Quality Index | Net Assets (CNY) | Total Assets | Total Liabilities | Change (pp) |
|---|---|---|---|---|---|
| 2024 | 76.5% | CN¥1.51 Billion | CN¥1.97 Billion | CN¥464.29 Million | ▼ -0.3 pp |
| 2023 | 76.8% | CN¥1.35 Billion | CN¥1.75 Billion | CN¥407.26 Million | ▼ -3.2 pp |
| 2022 | 80.0% | CN¥1.23 Billion | CN¥1.54 Billion | CN¥307.59 Million | ▼ -3.8 pp |
| 2021 | 83.8% | CN¥1.09 Billion | CN¥1.30 Billion | CN¥211.19 Million | ▼ -4.4 pp |
| 2020 | 88.2% | CN¥963.95 Million | CN¥1.09 Billion | CN¥128.62 Million | ▲ +0.7 pp |
| 2019 | 87.5% | CN¥896.15 Million | CN¥1.02 Billion | CN¥127.58 Million | ▲ +10.3 pp |
| 2018 | 77.2% | CN¥319.55 Million | CN¥413.73 Million | CN¥94.19 Million | ▲ +13.6 pp |
| 2017 | 63.7% | CN¥192.98 Million | CN¥303.09 Million | CN¥110.11 Million | ▼ -3.0 pp |
| 2016 | 66.6% | CN¥162.73 Million | CN¥244.18 Million | CN¥81.45 Million | ▲ +3.7 pp |
| 2015 | 62.9% | CN¥123.33 Million | CN¥196.09 Million | CN¥72.76 Million | ▲ +8.6 pp |
| 2014 | 54.3% | CN¥96.16 Million | CN¥177.22 Million | CN¥81.05 Million | ▲ +13.6 pp |
| 2013 | 40.7% | CN¥77.26 Million | CN¥190.02 Million | CN¥112.77 Million | ▼ -32.2 pp |
| 2012 | 72.9% | CN¥123.02 Million | CN¥168.79 Million | CN¥45.78 Million | — |