S.F. Holding Co. Ltd (002352) — Tangible Net Worth Ratio
S.F. Holding Co. Ltd (002352) has a Tangible Net Worth Ratio of 85.5% as of September 2025. This metric is calculated by deducting intangible assets (CN¥15.83 Billion) from net assets (CN¥108.98 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 S.F. Holding Co. Ltd shareholders equity for net asset value and shareholders' equity analysis.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
S.F. Holding Co. Ltd Tangible Net Worth Ratio (2006–2024)
This chart shows how S.F. Holding Co. Ltd's Tangible Net Worth Ratio has changed across 19 annual periods from 2006 to 2024. As of September 2025, the ratio stands at 85.5%, reflecting net assets of CN¥108.98 Billion with intangible assets of CN¥15.83 Billion CNY. Also explore 002352 net assets growth trend to track the company's year-over-year net asset growth rate.
Annual Tangible Net Worth Ratio for S.F. Holding Co. Ltd (2006–2024)
The table below presents the year-by-year Tangible Net Worth Ratio for S.F. Holding Co. Ltd from 2006 to 2024, covering 19 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 market value of S.F. Holding Co. Ltd.
| Year | Tangible NW Ratio | Net Assets (CNY) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2024 | 83.6% | CN¥102.34 Billion | CN¥16.82 Billion | CN¥213.82 Billion | ▲ +1.3 pp |
| 2023 | 82.3% | CN¥103.28 Billion | CN¥18.28 Billion | CN¥221.49 Billion | ▲ +2.1 pp |
| 2022 | 80.2% | CN¥98.29 Billion | CN¥19.49 Billion | CN¥216.84 Billion | ▼ -0.8 pp |
| 2021 | 80.9% | CN¥97.92 Billion | CN¥18.67 Billion | CN¥209.90 Billion | ▲ +0.6 pp |
| 2020 | 80.3% | CN¥56.76 Billion | CN¥11.17 Billion | CN¥111.16 Billion | ▲ +5.2 pp |
| 2019 | 75.1% | CN¥42.49 Billion | CN¥10.59 Billion | CN¥92.54 Billion | ▼ -5.3 pp |
| 2018 | 80.4% | CN¥36.91 Billion | CN¥7.25 Billion | CN¥71.61 Billion | ▼ -3.0 pp |
| 2017 | 83.4% | CN¥32.73 Billion | CN¥5.43 Billion | CN¥57.66 Billion | ▲ +6.4 pp |
| 2016 | 77.0% | CN¥20.56 Billion | CN¥4.72 Billion | CN¥44.13 Billion | ▲ +328.3 pp |
| 2015 | -251.2% | CN¥708.00 Million | CN¥2.49 Billion | CN¥885.41 Million | ▼ -275.5 pp |
| 2014 | 24.3% | CN¥717.90 Million | CN¥543.39 Million | CN¥963.92 Million | ▼ -68.4 pp |
| 2013 | 92.7% | CN¥724.90 Million | CN¥52.96 Million | CN¥1.15 Billion | ▲ +0.3 pp |
| 2012 | 92.4% | CN¥711.86 Million | CN¥54.13 Million | CN¥1.04 Billion | ▼ 0.0 pp |
| 2011 | 92.4% | CN¥718.56 Million | CN¥54.38 Million | CN¥1.03 Billion | ▲ +0.2 pp |
| 2010 | 92.3% | CN¥716.05 Million | CN¥55.36 Million | CN¥810.84 Million | ▼ -2.4 pp |
| 2009 | 94.7% | CN¥156.49 Million | CN¥8.28 Million | CN¥370.05 Million | ▲ +1.4 pp |
| 2008 | 93.3% | CN¥126.48 Million | CN¥8.49 Million | CN¥268.62 Million | ▼ -0.2 pp |
| 2007 | 93.5% | CN¥84.90 Million | CN¥5.55 Million | CN¥193.83 Million | ▲ +13.8 pp |
| 2006 | 79.7% | CN¥27.93 Million | CN¥5.67 Million | CN¥116.47 Million | — |