Tianshan Aluminum Group Co Ltd (002532) — Tangible Net Worth Ratio
Tianshan Aluminum Group Co Ltd (002532) has a Tangible Net Worth Ratio of 87.8% as of March 2026. This metric is calculated by deducting intangible assets (CN¥3.81 Billion) from net assets (CN¥31.31 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 Tianshan Aluminum Group Co Ltd (002532) working capital ratio to evaluate short-term liquidity relative to the company's equity base.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Tianshan Aluminum Group Co Ltd Tangible Net Worth Ratio (2007–2025)
This chart shows how Tianshan Aluminum Group Co Ltd's Tangible Net Worth Ratio has changed across 19 annual periods from 2007 to 2025. As of March 2026, the ratio stands at 87.8%, reflecting net assets of CN¥31.31 Billion with intangible assets of CN¥3.81 Billion CNY. See how many days can Tianshan Aluminum Group Co Ltd fund operations to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for Tianshan Aluminum Group Co Ltd (2007–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for Tianshan Aluminum Group Co Ltd from 2007 to 2025, 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 Tianshan Aluminum Group Co Ltd market capitalisation.
| Year | Tangible NW Ratio | Net Assets (CNY) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 94.9% | CN¥29.56 Billion | CN¥1.51 Billion | CN¥54.15 Billion | ▲ +1.4 pp |
| 2024 | 93.5% | CN¥26.83 Billion | CN¥1.73 Billion | CN¥56.78 Billion | ▼ -0.3 pp |
| 2023 | 93.9% | CN¥24.11 Billion | CN¥1.48 Billion | CN¥57.10 Billion | ▲ +0.4 pp |
| 2022 | 93.5% | CN¥22.91 Billion | CN¥1.49 Billion | CN¥57.31 Billion | ▼ -1.2 pp |
| 2021 | 94.7% | CN¥21.27 Billion | CN¥1.12 Billion | CN¥53.48 Billion | ▲ +0.4 pp |
| 2020 | 94.3% | CN¥19.30 Billion | CN¥1.09 Billion | CN¥50.59 Billion | ▼ -4.1 pp |
| 2019 | 98.4% | CN¥12.53 Billion | CN¥196.42 Million | CN¥40.96 Billion | ▲ +12.7 pp |
| 2018 | 85.8% | CN¥1.42 Billion | CN¥202.24 Million | CN¥1.98 Billion | ▼ 0.0 pp |
| 2017 | 85.8% | CN¥1.45 Billion | CN¥206.78 Million | CN¥1.98 Billion | ▲ +1.3 pp |
| 2016 | 84.4% | CN¥1.38 Billion | CN¥214.02 Million | CN¥2.30 Billion | ▲ +0.5 pp |
| 2015 | 84.0% | CN¥1.28 Billion | CN¥205.52 Million | CN¥1.63 Billion | ▲ +1.8 pp |
| 2014 | 82.2% | CN¥1.15 Billion | CN¥205.02 Million | CN¥1.50 Billion | ▲ +1.8 pp |
| 2013 | 80.4% | CN¥1.07 Billion | CN¥209.96 Million | CN¥1.42 Billion | ▼ -11.4 pp |
| 2012 | 91.8% | CN¥958.82 Million | CN¥78.92 Million | CN¥1.27 Billion | ▼ -1.7 pp |
| 2011 | 93.5% | CN¥844.87 Million | CN¥55.06 Million | CN¥1.04 Billion | ▼ -1.3 pp |
| 2010 | 94.7% | CN¥778.15 Million | CN¥40.91 Million | CN¥1.01 Billion | ▲ +23.4 pp |
| 2009 | 71.4% | CN¥146.19 Million | CN¥41.85 Million | CN¥290.65 Million | ▲ +15.1 pp |
| 2008 | 56.2% | CN¥96.92 Million | CN¥42.41 Million | CN¥249.08 Million | ▼ -22.1 pp |
| 2007 | 78.4% | CN¥68.52 Million | CN¥14.81 Million | CN¥223.44 Million | — |