Western Metal Materials Co Ltd (002149) — Tangible Net Worth Ratio
Western Metal Materials Co Ltd (002149) has a Tangible Net Worth Ratio of 94.3% as of September 2025. This metric is calculated by deducting intangible assets (CN¥195.89 Million) from net assets (CN¥3.46 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 Western Metal Materials Co Ltd working capital to net assets to evaluate short-term liquidity relative to the company's equity base.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Western Metal Materials Co Ltd Tangible Net Worth Ratio (2004–2024)
This chart shows how Western Metal Materials Co Ltd's Tangible Net Worth Ratio has changed across 21 annual periods from 2004 to 2024. As of September 2025, the ratio stands at 94.3%, reflecting net assets of CN¥3.46 Billion with intangible assets of CN¥195.89 Million CNY. See Western Metal Materials Co Ltd defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for Western Metal Materials Co Ltd (2004–2024)
The table below presents the year-by-year Tangible Net Worth Ratio for Western Metal Materials Co Ltd from 2004 to 2024, covering 21 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 how much is Western Metal Materials Co Ltd worth.
| Year | Tangible NW Ratio | Net Assets (CNY) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2024 | 93.9% | CN¥3.53 Billion | CN¥215.33 Million | CN¥6.87 Billion | ▲ +0.8 pp |
| 2023 | 93.1% | CN¥3.45 Billion | CN¥239.40 Million | CN¥6.56 Billion | ▲ +1.1 pp |
| 2022 | 92.0% | CN¥3.20 Billion | CN¥256.25 Million | CN¥6.40 Billion | ▲ +0.9 pp |
| 2021 | 91.1% | CN¥3.02 Billion | CN¥269.32 Million | CN¥5.76 Billion | ▲ +0.9 pp |
| 2020 | 90.2% | CN¥2.94 Billion | CN¥288.78 Million | CN¥5.59 Billion | ▲ +4.1 pp |
| 2019 | 86.1% | CN¥2.13 Billion | CN¥296.67 Million | CN¥4.43 Billion | ▲ +0.1 pp |
| 2018 | 85.9% | CN¥2.12 Billion | CN¥297.61 Million | CN¥3.87 Billion | ▲ +0.8 pp |
| 2017 | 85.1% | CN¥2.04 Billion | CN¥303.35 Million | CN¥3.57 Billion | ▲ +0.1 pp |
| 2016 | 85.1% | CN¥1.93 Billion | CN¥287.66 Million | CN¥3.33 Billion | ▲ +8.6 pp |
| 2015 | 76.5% | CN¥984.26 Million | CN¥230.96 Million | CN¥2.87 Billion | ▼ -4.6 pp |
| 2014 | 81.2% | CN¥1.08 Billion | CN¥203.27 Million | CN¥2.90 Billion | ▼ -3.2 pp |
| 2013 | 84.3% | CN¥1.06 Billion | CN¥165.24 Million | CN¥2.78 Billion | ▼ -1.7 pp |
| 2012 | 86.1% | CN¥1.04 Billion | CN¥144.59 Million | CN¥2.62 Billion | ▼ -0.1 pp |
| 2011 | 86.2% | CN¥996.15 Million | CN¥137.65 Million | CN¥2.67 Billion | ▼ -1.9 pp |
| 2010 | 88.1% | CN¥1.04 Billion | CN¥124.66 Million | CN¥2.42 Billion | ▲ +0.3 pp |
| 2009 | 87.8% | CN¥924.94 Million | CN¥112.73 Million | CN¥2.04 Billion | ▼ -5.7 pp |
| 2008 | 93.5% | CN¥415.37 Million | CN¥26.98 Million | CN¥885.58 Million | ▲ +1.1 pp |
| 2007 | 92.4% | CN¥381.99 Million | CN¥28.84 Million | CN¥640.38 Million | ▲ +9.3 pp |
| 2006 | 83.1% | CN¥171.68 Million | CN¥28.95 Million | CN¥422.10 Million | ▲ +6.9 pp |
| 2005 | 76.2% | CN¥129.16 Million | CN¥30.72 Million | CN¥350.43 Million | ▼ -5.4 pp |
| 2004 | 81.6% | CN¥106.87 Million | CN¥19.64 Million | CN¥263.89 Million | — |