Guangdong Mingyang Electric Co. Ltd. A (301291) — Tangible Net Worth Ratio
Guangdong Mingyang Electric Co. Ltd. A (301291) has a Tangible Net Worth Ratio of 94.5% as of June 2026. This metric is calculated by deducting intangible assets (CN¥288.50 Million) from net assets (CN¥5.23 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. Also explore 301291 shareholders equity momentum to track the company's year-over-year net asset growth rate.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Guangdong Mingyang Electric Co. Ltd. A Tangible Net Worth Ratio (2021–2025)
This chart shows how Guangdong Mingyang Electric Co. Ltd. A's Tangible Net Worth Ratio has changed across 5 annual periods from 2021 to 2025. As of June 2026, the ratio stands at 94.5%, reflecting net assets of CN¥5.23 Billion with intangible assets of CN¥288.50 Million CNY. For live market cap and overall valuation, see Guangdong Mingyang Electric Co. Ltd. A market cap and net worth.
Annual Tangible Net Worth Ratio for Guangdong Mingyang Electric Co. Ltd. A (2021–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for Guangdong Mingyang Electric Co. Ltd. A from 2021 to 2025, covering 5 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 how much does Guangdong Mingyang Electric Co. Ltd. A reinvest in capital 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 | 94.2% | CN¥5.04 Billion | CN¥292.30 Million | CN¥9.44 Billion | ▼ -2.4 pp |
| 2024 | 96.6% | CN¥4.67 Billion | CN¥160.79 Million | CN¥9.34 Billion | ▼ -0.4 pp |
| 2023 | 96.9% | CN¥4.22 Billion | CN¥129.60 Million | CN¥7.86 Billion | ▲ +6.9 pp |
| 2022 | 90.0% | CN¥970.80 Million | CN¥97.22 Million | CN¥3.80 Billion | ▲ +4.2 pp |
| 2021 | 85.8% | CN¥702.26 Million | CN¥99.64 Million | CN¥2.64 Billion | — |