Tonghua Golden-Horse Pharmaceutical Industry Co Ltd (000766) — Tangible Net Worth Ratio
Tonghua Golden-Horse Pharmaceutical Industry Co Ltd (000766) has a Tangible Net Worth Ratio of 83.2% as of March 2026. This metric is calculated by deducting intangible assets (CN¥388.69 Million) from net assets (CN¥2.32 Billion) and expressing it as a percentage of total net assets. A higher ratio means that more of the company's equity is backed by tangible, balance-sheet-verifiable assets rather than goodwill, patents, or brand value. See Tonghua Golden-Horse Pharmaceutical Indu current assets vs equity to evaluate short-term liquidity relative to the company's equity base.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Tonghua Golden-Horse Pharmaceutical Industry Co Ltd Tangible Net Worth Ratio (1994–2025)
This chart shows how Tonghua Golden-Horse Pharmaceutical Industry Co Ltd's Tangible Net Worth Ratio has changed across 32 annual periods from 1994 to 2025. As of March 2026, the ratio stands at 83.2%, reflecting net assets of CN¥2.32 Billion with intangible assets of CN¥388.69 Million CNY. See Tonghua Golden-Horse Pharmaceutical Indu (000766) liquidity interval to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for Tonghua Golden-Horse Pharmaceutical Industry Co Ltd (1994–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for Tonghua Golden-Horse Pharmaceutical Industry Co Ltd from 1994 to 2025, covering 32 annual filings. Each row shows net assets, intangible assets, total assets, the tangible net worth ratio, and the change in percentage points versus the prior year. For the full company profile including market capitalisation, see Tonghua Golden-Horse Pharmaceutical Indu market cap and net worth.
| Year | Tangible NW Ratio | Net Assets (CNY) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 83.1% | CN¥2.31 Billion | CN¥391.41 Million | CN¥4.48 Billion | ▼ -0.3 pp |
| 2024 | 83.4% | CN¥2.26 Billion | CN¥374.35 Million | CN¥4.48 Billion | ▼ -0.5 pp |
| 2023 | 83.9% | CN¥2.32 Billion | CN¥373.85 Million | CN¥4.52 Billion | ▼ -0.2 pp |
| 2022 | 84.1% | CN¥2.37 Billion | CN¥376.72 Million | CN¥4.69 Billion | ▲ +0.6 pp |
| 2021 | 83.5% | CN¥2.34 Billion | CN¥385.76 Million | CN¥4.64 Billion | ▲ +0.4 pp |
| 2020 | 83.1% | CN¥2.31 Billion | CN¥389.80 Million | CN¥4.98 Billion | ▼ -1.8 pp |
| 2019 | 84.9% | CN¥2.67 Billion | CN¥401.84 Million | CN¥4.70 Billion | ▼ -6.2 pp |
| 2018 | 91.2% | CN¥4.71 Billion | CN¥416.18 Million | CN¥5.96 Billion | ▼ 0.0 pp |
| 2017 | 91.2% | CN¥4.42 Billion | CN¥388.32 Million | CN¥5.73 Billion | ▲ +0.9 pp |
| 2016 | 90.3% | CN¥4.16 Billion | CN¥401.74 Million | CN¥5.30 Billion | ▲ +2.0 pp |
| 2015 | 88.4% | CN¥2.25 Billion | CN¥261.50 Million | CN¥4.16 Billion | ▲ +16.2 pp |
| 2014 | 72.2% | CN¥659.50 Million | CN¥183.55 Million | CN¥1.29 Billion | ▲ +2.9 pp |
| 2013 | 69.3% | CN¥615.08 Million | CN¥189.05 Million | CN¥1.11 Billion | ▼ -5.1 pp |
| 2012 | 74.4% | CN¥619.60 Million | CN¥158.89 Million | CN¥894.89 Million | ▲ +1.4 pp |
| 2011 | 73.0% | CN¥607.13 Million | CN¥164.17 Million | CN¥879.82 Million | ▲ +0.0 pp |
| 2010 | 72.9% | CN¥595.89 Million | CN¥161.32 Million | CN¥902.60 Million | ▲ +1.4 pp |
| 2009 | 71.5% | CN¥583.87 Million | CN¥166.39 Million | CN¥869.23 Million | ▲ +2.5 pp |
| 2008 | 69.0% | CN¥554.08 Million | CN¥171.74 Million | CN¥811.59 Million | ▲ +2.0 pp |
| 2007 | 67.0% | CN¥536.90 Million | CN¥177.36 Million | CN¥809.43 Million | ▲ +2.3 pp |
| 2006 | 64.7% | CN¥518.07 Million | CN¥183.12 Million | CN¥800.12 Million | ▲ +12.3 pp |
| 2005 | 52.3% | CN¥45.26 Million | CN¥21.57 Million | CN¥1.11 Billion | ▲ +8.3 pp |
| 2004 | 44.0% | CN¥36.64 Million | CN¥20.51 Million | CN¥1.09 Billion | ▼ -44.4 pp |
| 2003 | 88.4% | CN¥296.07 Million | CN¥34.21 Million | CN¥1.44 Billion | ▼ -3.9 pp |
| 2002 | 92.3% | CN¥490.79 Million | CN¥37.71 Million | CN¥1.53 Billion | ▲ +0.6 pp |
| 2001 | 91.7% | CN¥475.05 Million | CN¥39.36 Million | CN¥1.47 Billion | ▲ +24.5 pp |
| 2000 | 67.2% | CN¥1.08 Billion | CN¥353.26 Million | CN¥2.26 Billion | ▼ -31.2 pp |
| 1999 | 98.4% | CN¥1.05 Billion | CN¥16.65 Million | CN¥1.33 Billion | ▲ +0.9 pp |
| 1998 | 97.5% | CN¥636.82 Million | CN¥16.16 Million | CN¥870.83 Million | ▲ +0.6 pp |
| 1997 | 96.9% | CN¥602.89 Million | CN¥18.76 Million | CN¥778.32 Million | ▲ +0.2 pp |
| 1996 | 96.7% | CN¥191.23 Million | CN¥6.28 Million | CN¥353.02 Million | ▲ +0.3 pp |
| 1995 | 96.4% | CN¥181.32 Million | CN¥6.45 Million | CN¥290.59 Million | ▼ -1.9 pp |
| 1994 | 98.3% | CN¥171.84 Million | CN¥2.84 Million | CN¥233.52 Million | — |