Anhui Expressway Co Ltd (600012) — Tangible Net Worth Ratio
Anhui Expressway Co Ltd (600012) has a Tangible Net Worth Ratio of -42.8% as of September 2025. This metric is calculated by deducting intangible assets (CN¥19.83 Billion) from net assets (CN¥13.88 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 Anhui Expressway Co Ltd current assets vs equity to evaluate short-term liquidity relative to the company's equity base.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Anhui Expressway Co Ltd Tangible Net Worth Ratio (1999–2024)
This chart shows how Anhui Expressway Co Ltd's Tangible Net Worth Ratio has changed across 26 annual periods from 1999 to 2024. As of September 2025, the ratio stands at -42.8%, reflecting net assets of CN¥13.88 Billion with intangible assets of CN¥19.83 Billion CNY. See Anhui Expressway Co Ltd (600012) liquidity interval to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for Anhui Expressway Co Ltd (1999–2024)
The table below presents the year-by-year Tangible Net Worth Ratio for Anhui Expressway Co Ltd from 1999 to 2024, covering 26 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 600012 market cap.
| Year | Tangible NW Ratio | Net Assets (CNY) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2024 | -10.5% | CN¥14.86 Billion | CN¥16.43 Billion | CN¥24.41 Billion | ▼ -4.1 pp |
| 2023 | -6.5% | CN¥14.11 Billion | CN¥15.03 Billion | CN¥21.74 Billion | ▼ -6.9 pp |
| 2022 | 0.4% | CN¥13.50 Billion | CN¥13.45 Billion | CN¥21.30 Billion | ▲ +10.5 pp |
| 2021 | -10.1% | CN¥11.95 Billion | CN¥13.15 Billion | CN¥19.92 Billion | ▼ -21.5 pp |
| 2020 | 11.3% | CN¥11.91 Billion | CN¥10.56 Billion | CN¥16.24 Billion | ▲ +7.8 pp |
| 2019 | 3.5% | CN¥11.57 Billion | CN¥11.17 Billion | CN¥15.92 Billion | ▲ +0.3 pp |
| 2018 | 3.2% | CN¥10.58 Billion | CN¥10.25 Billion | CN¥14.78 Billion | ▲ +2.2 pp |
| 2017 | 0.9% | CN¥10.03 Billion | CN¥9.94 Billion | CN¥14.18 Billion | ▼ -1.9 pp |
| 2016 | 2.8% | CN¥9.42 Billion | CN¥9.16 Billion | CN¥13.12 Billion | ▲ +5.6 pp |
| 2015 | -2.8% | CN¥8.91 Billion | CN¥9.16 Billion | CN¥12.14 Billion | ▲ +5.2 pp |
| 2014 | -8.0% | CN¥8.45 Billion | CN¥9.12 Billion | CN¥11.53 Billion | ▲ +5.1 pp |
| 2013 | -13.0% | CN¥7.89 Billion | CN¥8.92 Billion | CN¥12.20 Billion | ▲ +6.2 pp |
| 2012 | -19.2% | CN¥7.32 Billion | CN¥8.73 Billion | CN¥11.33 Billion | ▲ +3.1 pp |
| 2011 | -22.3% | CN¥6.56 Billion | CN¥8.03 Billion | CN¥10.11 Billion | ▲ +5.0 pp |
| 2010 | -27.3% | CN¥6.03 Billion | CN¥7.67 Billion | CN¥9.41 Billion | ▲ +11.1 pp |
| 2009 | -38.4% | CN¥5.53 Billion | CN¥7.66 Billion | CN¥9.57 Billion | ▼ -0.2 pp |
| 2008 | -38.2% | CN¥5.22 Billion | CN¥7.21 Billion | CN¥8.59 Billion | ▼ -126.8 pp |
| 2007 | 88.6% | CN¥4.84 Billion | CN¥552.24 Million | CN¥7.39 Billion | ▲ +3.7 pp |
| 2006 | 84.9% | CN¥4.99 Billion | CN¥751.23 Million | CN¥7.23 Billion | ▼ -8.4 pp |
| 2005 | 93.3% | CN¥4.84 Billion | CN¥322.09 Million | CN¥6.97 Billion | ▲ +1.1 pp |
| 2004 | 92.3% | CN¥4.34 Billion | CN¥336.22 Million | CN¥6.55 Billion | ▲ +0.5 pp |
| 2003 | 91.8% | CN¥4.05 Billion | CN¥333.42 Million | CN¥6.21 Billion | ▲ +4.5 pp |
| 2002 | 87.3% | CN¥3.74 Billion | CN¥475.96 Million | CN¥5.06 Billion | ▲ +3.3 pp |
| 2001 | 83.9% | CN¥3.08 Billion | CN¥493.94 Million | CN¥4.36 Billion | ▲ +1.1 pp |
| 2000 | 82.8% | CN¥2.91 Billion | CN¥500.97 Million | CN¥4.30 Billion | ▼ -6.0 pp |
| 1999 | 88.8% | CN¥2.61 Billion | CN¥292.37 Million | CN¥3.05 Billion | — |