Merchant Express Class A Tangible Net Worth Ratio
Merchant Express Class A tangible net worth ratio. Merchant Express Class A (001965) has a Tangible Net Worth Ratio of 2.1% as of September 2025. This metric is calculated by deducting intangible assets (CN¥82.63 Billion) from net assets (CN¥84.38 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. Also explore 001965 net asset momentum to track the company's year-over-year net asset growth rate.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Tangible Net Worth Ratio of Merchant Express Class A (2014–2024)
Tangible net worth ratio of Merchant Express Class A from 2014 to 2024. This chart shows how Merchant Express Class A's Tangible Net Worth Ratio has changed across 11 annual periods from 2014 to 2024. As of September 2025, the ratio stands at 2.1%, reflecting net assets of CN¥84.38 Billion with intangible assets of CN¥82.63 Billion CNY. Check Merchant Express Class A strategic asset allocation index to assess the company's strategic physical and investment asset allocation.
Merchant Express Class A Tangible Net Worth Ratio by Year (2014–2024)
Merchant Express Class A tangible net worth ratio by year from 2014 to 2024. The table below presents the year-by-year Tangible Net Worth Ratio for Merchant Express Class A from 2014 to 2024, covering 11 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 live market cap and overall valuation, see 001965 market cap overview.
| Year | Tangible NW Ratio | Net Assets (CNY) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2024 | 3.9% | CN¥88.78 Billion | CN¥85.35 Billion | CN¥159.17 Billion | ▲ +15.9 pp |
| 2023 | -12.0% | CN¥82.14 Billion | CN¥92.02 Billion | CN¥157.48 Billion | ▼ -35.9 pp |
| 2022 | 23.8% | CN¥67.67 Billion | CN¥51.54 Billion | CN¥114.94 Billion | ▼ -16.8 pp |
| 2021 | 40.7% | CN¥63.32 Billion | CN¥37.57 Billion | CN¥98.32 Billion | ▲ +6.3 pp |
| 2020 | 34.4% | CN¥59.73 Billion | CN¥39.19 Billion | CN¥94.01 Billion | ▲ +5.2 pp |
| 2019 | 29.2% | CN¥54.04 Billion | CN¥38.26 Billion | CN¥91.02 Billion | ▲ +8.4 pp |
| 2018 | 20.8% | CN¥49.80 Billion | CN¥39.42 Billion | CN¥84.08 Billion | ▼ -28.3 pp |
| 2017 | 49.1% | CN¥46.36 Billion | CN¥23.58 Billion | CN¥65.17 Billion | ▼ -5.7 pp |
| 2016 | 54.8% | CN¥43.28 Billion | CN¥19.55 Billion | CN¥55.36 Billion | ▲ +21.3 pp |
| 2015 | 33.5% | CN¥28.02 Billion | CN¥18.63 Billion | CN¥50.30 Billion | ▼ -22.9 pp |
| 2014 | 56.4% | CN¥25.48 Billion | CN¥11.10 Billion | CN¥40.70 Billion | — |