Shenzhen Changfang Light Emitting (300301) — Tangible Net Worth Ratio
Shenzhen Changfang Light Emitting (300301) has a Tangible Net Worth Ratio of 59.6% as of March 2026. This metric is calculated by deducting intangible assets (CN¥29.61 Million) from net assets (CN¥73.33 Million) 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 300301 net asset momentum to track the company's year-over-year net asset growth rate.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Shenzhen Changfang Light Emitting Tangible Net Worth Ratio (2008–2025)
This chart shows how Shenzhen Changfang Light Emitting's Tangible Net Worth Ratio has changed across 18 annual periods from 2008 to 2025. As of March 2026, the ratio stands at 59.6%, reflecting net assets of CN¥73.33 Million with intangible assets of CN¥29.61 Million CNY. For live market cap and overall valuation, see market value of Shenzhen Changfang Light Emitting.
Annual Tangible Net Worth Ratio for Shenzhen Changfang Light Emitting (2008–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for Shenzhen Changfang Light Emitting from 2008 to 2025, covering 18 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 Shenzhen Changfang Light Emitting (300301) capital reinvestment 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 | 67.6% | CN¥92.16 Million | CN¥29.88 Million | CN¥831.52 Million | ▲ +64.1 pp |
| 2024 | 3.5% | CN¥31.64 Million | CN¥30.53 Million | CN¥767.86 Million | ▼ -36.0 pp |
| 2023 | 39.5% | CN¥52.19 Million | CN¥31.60 Million | CN¥819.38 Million | ▼ -43.4 pp |
| 2022 | 82.8% | CN¥192.68 Million | CN¥33.10 Million | CN¥995.27 Million | ▼ -7.8 pp |
| 2021 | 90.6% | CN¥417.60 Million | CN¥39.21 Million | CN¥1.34 Billion | ▼ -5.5 pp |
| 2020 | 96.1% | CN¥1.16 Billion | CN¥45.29 Million | CN¥2.74 Billion | ▲ +4.7 pp |
| 2019 | 91.4% | CN¥1.19 Billion | CN¥102.26 Million | CN¥3.26 Billion | ▼ -1.8 pp |
| 2018 | 93.2% | CN¥1.62 Billion | CN¥109.53 Million | CN¥3.49 Billion | ▼ -2.0 pp |
| 2017 | 95.3% | CN¥2.47 Billion | CN¥117.18 Million | CN¥3.81 Billion | ▲ +0.8 pp |
| 2016 | 94.5% | CN¥2.36 Billion | CN¥130.78 Million | CN¥3.79 Billion | ▲ +1.5 pp |
| 2015 | 93.0% | CN¥1.54 Billion | CN¥107.52 Million | CN¥3.08 Billion | ▼ -1.0 pp |
| 2014 | 94.0% | CN¥787.71 Million | CN¥47.54 Million | CN¥1.74 Billion | ▲ +0.0 pp |
| 2013 | 94.0% | CN¥757.45 Million | CN¥45.77 Million | CN¥1.31 Billion | ▼ -3.7 pp |
| 2012 | 97.6% | CN¥716.84 Million | CN¥17.04 Million | CN¥1.12 Billion | ▲ +6.3 pp |
| 2011 | 91.3% | CN¥196.09 Million | CN¥16.99 Million | CN¥495.70 Million | ▲ +4.4 pp |
| 2010 | 86.9% | CN¥130.25 Million | CN¥17.06 Million | CN¥391.86 Million | ▲ +10.8 pp |
| 2009 | 76.1% | CN¥72.60 Million | CN¥17.39 Million | CN¥132.47 Million | ▲ +3.7 pp |
| 2008 | 72.3% | CN¥62.29 Million | CN¥17.22 Million | CN¥74.59 Million | — |