Changzhou NRB Corp (002708) — Tangible Net Worth Ratio
Changzhou NRB Corp (002708) has a Tangible Net Worth Ratio of 93.3% as of September 2025. This metric is calculated by deducting intangible assets (CN¥114.24 Million) from net assets (CN¥1.71 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 how liquid is Changzhou NRB Corp's working capital to evaluate short-term liquidity relative to the company's equity base.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Changzhou NRB Corp Tangible Net Worth Ratio (2009–2024)
This chart shows how Changzhou NRB Corp's Tangible Net Worth Ratio has changed across 16 annual periods from 2009 to 2024. As of September 2025, the ratio stands at 93.3%, reflecting net assets of CN¥1.71 Billion with intangible assets of CN¥114.24 Million CNY. See 002708 days of operational coverage to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for Changzhou NRB Corp (2009–2024)
The table below presents the year-by-year Tangible Net Worth Ratio for Changzhou NRB Corp from 2009 to 2024, covering 16 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 002708 market cap.
| Year | Tangible NW Ratio | Net Assets (CNY) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2024 | 93.4% | CN¥1.72 Billion | CN¥112.52 Million | CN¥3.53 Billion | ▲ +0.4 pp |
| 2023 | 93.1% | CN¥1.66 Billion | CN¥115.32 Million | CN¥3.25 Billion | ▲ +3.0 pp |
| 2022 | 90.1% | CN¥1.24 Billion | CN¥123.10 Million | CN¥2.71 Billion | ▼ -0.9 pp |
| 2021 | 91.0% | CN¥1.43 Billion | CN¥129.51 Million | CN¥2.66 Billion | ▲ +0.0 pp |
| 2020 | 90.9% | CN¥1.47 Billion | CN¥133.72 Million | CN¥2.65 Billion | ▼ -0.9 pp |
| 2019 | 91.8% | CN¥1.42 Billion | CN¥117.01 Million | CN¥2.17 Billion | ▲ +0.5 pp |
| 2018 | 91.2% | CN¥1.41 Billion | CN¥123.47 Million | CN¥2.18 Billion | ▲ +1.2 pp |
| 2017 | 90.0% | CN¥1.51 Billion | CN¥150.37 Million | CN¥2.35 Billion | ▲ +0.4 pp |
| 2016 | 89.6% | CN¥1.52 Billion | CN¥157.03 Million | CN¥2.39 Billion | ▼ -7.0 pp |
| 2015 | 96.6% | CN¥910.76 Million | CN¥30.57 Million | CN¥1.12 Billion | ▲ +0.1 pp |
| 2014 | 96.5% | CN¥902.12 Million | CN¥31.36 Million | CN¥1.13 Billion | ▲ +2.6 pp |
| 2013 | 94.0% | CN¥501.59 Million | CN¥30.28 Million | CN¥796.09 Million | ▲ +0.8 pp |
| 2012 | 93.2% | CN¥448.21 Million | CN¥30.42 Million | CN¥721.93 Million | ▲ +1.0 pp |
| 2011 | 92.2% | CN¥397.40 Million | CN¥31.02 Million | CN¥657.88 Million | ▼ -3.3 pp |
| 2010 | 95.5% | CN¥344.26 Million | CN¥15.63 Million | CN¥602.21 Million | ▲ +2.0 pp |
| 2009 | 93.4% | CN¥240.85 Million | CN¥15.80 Million | CN¥484.98 Million | — |