T&S Communications Co Ltd (300570) — Tangible Net Worth Ratio
T&S Communications Co Ltd (300570) has a Tangible Net Worth Ratio of 97.4% as of September 2025. This metric is calculated by deducting intangible assets (CN¥44.76 Million) from net assets (CN¥1.69 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 300570 book value for net asset value and shareholders' equity analysis.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
T&S Communications Co Ltd Tangible Net Worth Ratio (2011–2024)
This chart shows how T&S Communications Co Ltd's Tangible Net Worth Ratio has changed across 14 annual periods from 2011 to 2024. As of September 2025, the ratio stands at 97.4%, reflecting net assets of CN¥1.69 Billion with intangible assets of CN¥44.76 Million CNY. Also explore net asset momentum of T&S Communications Co Ltd to track the company's year-over-year net asset growth rate.
Annual Tangible Net Worth Ratio for T&S Communications Co Ltd (2011–2024)
The table below presents the year-by-year Tangible Net Worth Ratio for T&S Communications Co Ltd from 2011 to 2024, covering 14 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 T&S Communications Co Ltd (300570) total market value.
| Year | Tangible NW Ratio | Net Assets (CNY) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2024 | 97.0% | CN¥1.56 Billion | CN¥46.70 Million | CN¥1.99 Billion | ▲ +0.5 pp |
| 2023 | 96.5% | CN¥1.37 Billion | CN¥48.26 Million | CN¥1.68 Billion | ▲ +0.3 pp |
| 2022 | 96.2% | CN¥1.32 Billion | CN¥50.68 Million | CN¥1.55 Billion | ▲ +0.6 pp |
| 2021 | 95.6% | CN¥1.20 Billion | CN¥53.18 Million | CN¥1.35 Billion | ▼ -0.1 pp |
| 2020 | 95.7% | CN¥1.29 Billion | CN¥55.52 Million | CN¥1.43 Billion | ▲ +0.1 pp |
| 2019 | 95.6% | CN¥1.31 Billion | CN¥57.33 Million | CN¥1.49 Billion | ▲ +0.4 pp |
| 2018 | 95.2% | CN¥1.22 Billion | CN¥58.67 Million | CN¥1.48 Billion | ▲ +0.6 pp |
| 2017 | 94.6% | CN¥1.12 Billion | CN¥61.05 Million | CN¥1.26 Billion | ▲ +0.4 pp |
| 2016 | 94.1% | CN¥1.06 Billion | CN¥62.39 Million | CN¥1.17 Billion | ▲ +11.2 pp |
| 2015 | 82.9% | CN¥377.29 Million | CN¥64.43 Million | CN¥471.07 Million | ▲ +5.4 pp |
| 2014 | 77.5% | CN¥286.72 Million | CN¥64.59 Million | CN¥376.35 Million | ▼ -22.5 pp |
| 2013 | 100.0% | CN¥226.42 Million | CN¥79.86K | CN¥289.54 Million | ▲ +0.0 pp |
| 2012 | 99.9% | CN¥168.97 Million | CN¥89.85K | CN¥217.83 Million | ▼ -0.1 pp |
| 2011 | 100.0% | CN¥132.56 Million | CN¥0.00 | CN¥165.75 Million | — |