Sansteel MinGuang Co Ltd Fujian (002110) — Tangible Net Worth Ratio
Sansteel MinGuang Co Ltd Fujian (002110) has a Tangible Net Worth Ratio of 88.2% as of March 2026. This metric is calculated by deducting intangible assets (CN¥2.31 Billion) from net assets (CN¥19.58 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 Sansteel MinGuang Co Ltd Fujian equity growth rate to track the company's year-over-year net asset growth rate.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Sansteel MinGuang Co Ltd Fujian Tangible Net Worth Ratio (2003–2025)
This chart shows how Sansteel MinGuang Co Ltd Fujian's Tangible Net Worth Ratio has changed across 23 annual periods from 2003 to 2025. As of March 2026, the ratio stands at 88.2%, reflecting net assets of CN¥19.58 Billion with intangible assets of CN¥2.31 Billion CNY. For live market cap and overall valuation, see Sansteel MinGuang Co Ltd Fujian market cap and net worth.
Annual Tangible Net Worth Ratio for Sansteel MinGuang Co Ltd Fujian (2003–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for Sansteel MinGuang Co Ltd Fujian from 2003 to 2025, covering 23 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. Explore reinvestment intensity of Sansteel MinGuang Co Ltd Fujian to see what proportion of operating cash flow is directed to capital expenditures.
| Year | Tangible NW Ratio | Net Assets (CNY) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 88.0% | CN¥19.71 Billion | CN¥2.36 Billion | CN¥50.14 Billion | ▲ +1.1 pp |
| 2024 | 86.9% | CN¥19.37 Billion | CN¥2.53 Billion | CN¥51.65 Billion | ▼ -5.7 pp |
| 2023 | 92.6% | CN¥20.53 Billion | CN¥1.52 Billion | CN¥48.20 Billion | ▼ -0.2 pp |
| 2022 | 92.8% | CN¥21.41 Billion | CN¥1.55 Billion | CN¥46.32 Billion | ▼ -0.1 pp |
| 2021 | 92.9% | CN¥23.30 Billion | CN¥1.66 Billion | CN¥45.98 Billion | ▲ +1.6 pp |
| 2020 | 91.3% | CN¥20.48 Billion | CN¥1.78 Billion | CN¥43.30 Billion | ▼ -1.1 pp |
| 2019 | 92.3% | CN¥18.80 Billion | CN¥1.44 Billion | CN¥29.77 Billion | ▼ -4.5 pp |
| 2018 | 96.8% | CN¥18.41 Billion | CN¥584.25 Million | CN¥28.22 Billion | ▼ -0.4 pp |
| 2017 | 97.2% | CN¥11.83 Billion | CN¥326.60 Million | CN¥16.58 Billion | ▲ +1.8 pp |
| 2016 | 95.5% | CN¥7.30 Billion | CN¥330.66 Million | CN¥12.58 Billion | ▼ -3.9 pp |
| 2015 | 99.4% | CN¥1.65 Billion | CN¥10.06 Million | CN¥7.12 Billion | ▼ -0.3 pp |
| 2014 | 99.7% | CN¥2.59 Billion | CN¥8.26 Million | CN¥8.04 Billion | ▼ -0.1 pp |
| 2013 | 99.8% | CN¥2.60 Billion | CN¥5.12 Million | CN¥8.60 Billion | ▲ +0.0 pp |
| 2012 | 99.8% | CN¥2.74 Billion | CN¥6.06 Million | CN¥8.75 Billion | ▲ +0.0 pp |
| 2011 | 99.8% | CN¥2.96 Billion | CN¥7.01 Million | CN¥9.02 Billion | ▲ +0.1 pp |
| 2010 | 99.7% | CN¥2.72 Billion | CN¥7.85 Million | CN¥7.65 Billion | ▲ +0.0 pp |
| 2009 | 99.7% | CN¥2.64 Billion | CN¥8.79 Million | CN¥7.44 Billion | ▼ -0.3 pp |
| 2008 | 100.0% | CN¥2.62 Billion | CN¥196.02K | CN¥7.08 Billion | ▼ 0.0 pp |
| 2007 | 100.0% | CN¥2.69 Billion | CN¥0.00 | CN¥6.44 Billion | ▲ +0.0 pp |
| 2006 | 100.0% | CN¥1.93 Billion | CN¥0.00 | CN¥4.68 Billion | ▲ +0.0 pp |
| 2005 | 100.0% | CN¥1.60 Billion | CN¥0.00 | CN¥4.07 Billion | ▲ +0.0 pp |
| 2004 | 100.0% | CN¥1.51 Billion | CN¥0.00 | CN¥4.02 Billion | ▲ +0.0 pp |
| 2003 | 100.0% | CN¥1.50 Billion | CN¥0.00 | CN¥2.80 Billion | — |