China Southern Airlines Co Ltd Class A Tangible Net Worth Ratio
China Southern Airlines Co Ltd Class A tangible net worth ratio. China Southern Airlines Co Ltd Class A (600029) has a Tangible Net Worth Ratio of 86.5% as of March 2026. This metric is calculated by deducting intangible assets (CN¥7.74 Billion) from net assets (CN¥57.16 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 China Southern Airlines Co Ltd Class A annual equity growth to track the company's year-over-year net asset growth rate.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Tangible Net Worth Ratio of China Southern Airlines Co Ltd Class A (1997–2025)
Tangible net worth ratio of China Southern Airlines Co Ltd Class A from 1997 to 2025. This chart shows how China Southern Airlines Co Ltd Class A's Tangible Net Worth Ratio has changed across 29 annual periods from 1997 to 2025. As of March 2026, the ratio stands at 86.5%, reflecting net assets of CN¥57.16 Billion with intangible assets of CN¥7.74 Billion CNY. Check 600029 capital-intensive asset ratio to assess the company's strategic physical and investment asset allocation.
China Southern Airlines Co Ltd Class A Tangible Net Worth Ratio by Year (1997–2025)
China Southern Airlines Co Ltd Class A tangible net worth ratio by year from 1997 to 2025. The table below presents the year-by-year Tangible Net Worth Ratio for China Southern Airlines Co Ltd Class A from 1997 to 2025, covering 29 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 live market cap and overall valuation, see China Southern Airlines Co Ltd Class A stock valuation.
| Year | Tangible NW Ratio | Net Assets (CNY) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 86.3% | CN¥55.01 Billion | CN¥7.55 Billion | CN¥349.81 Billion | ▲ +0.2 pp |
| 2024 | 86.0% | CN¥52.59 Billion | CN¥7.34 Billion | CN¥329.74 Billion | ▼ -1.2 pp |
| 2023 | 87.3% | CN¥52.00 Billion | CN¥6.63 Billion | CN¥309.23 Billion | ▼ -2.8 pp |
| 2022 | 90.1% | CN¥55.36 Billion | CN¥5.48 Billion | CN¥312.25 Billion | ▼ -2.1 pp |
| 2021 | 92.2% | CN¥84.51 Billion | CN¥6.56 Billion | CN¥323.21 Billion | ▼ -1.3 pp |
| 2020 | 93.5% | CN¥85.13 Billion | CN¥5.53 Billion | CN¥326.38 Billion | ▼ -1.7 pp |
| 2019 | 95.2% | CN¥77.33 Billion | CN¥3.69 Billion | CN¥306.93 Billion | ▼ -4.0 pp |
| 2018 | 99.3% | CN¥78.47 Billion | CN¥582.00 Million | CN¥246.95 Billion | ▲ +0.1 pp |
| 2017 | 99.1% | CN¥62.54 Billion | CN¥536.00 Million | CN¥218.72 Billion | ▲ +4.9 pp |
| 2016 | 94.3% | CN¥54.98 Billion | CN¥3.15 Billion | CN¥200.44 Billion | ▼ -4.8 pp |
| 2015 | 99.0% | CN¥49.62 Billion | CN¥487.00 Million | CN¥185.99 Billion | ▲ +0.0 pp |
| 2014 | 99.0% | CN¥44.49 Billion | CN¥437.00 Million | CN¥189.69 Billion | ▲ +0.4 pp |
| 2013 | 98.6% | CN¥42.45 Billion | CN¥589.00 Million | CN¥165.21 Billion | ▼ -0.2 pp |
| 2012 | 98.8% | CN¥39.73 Billion | CN¥480.00 Million | CN¥142.45 Billion | ▲ +18.1 pp |
| 2011 | 80.7% | CN¥37.78 Billion | CN¥7.30 Billion | CN¥129.41 Billion | ▼ -8.0 pp |
| 2010 | 88.6% | CN¥30.21 Billion | CN¥3.44 Billion | CN¥111.23 Billion | ▲ +9.9 pp |
| 2009 | 78.8% | CN¥13.26 Billion | CN¥2.82 Billion | CN¥94.75 Billion | ▲ +7.2 pp |
| 2008 | 71.5% | CN¥9.48 Billion | CN¥2.70 Billion | CN¥83.04 Billion | ▼ -7.0 pp |
| 2007 | 78.5% | CN¥14.71 Billion | CN¥3.16 Billion | CN¥81.93 Billion | ▼ -0.8 pp |
| 2006 | 79.4% | CN¥12.12 Billion | CN¥2.50 Billion | CN¥75.58 Billion | ▼ -15.8 pp |
| 2005 | 95.1% | CN¥11.94 Billion | CN¥580.00 Million | CN¥71.40 Billion | ▼ -4.9 pp |
| 2004 | 100.0% | CN¥13.90 Billion | CN¥0.00 | CN¥62.23 Billion | ▲ +0.0 pp |
| 2003 | 100.0% | CN¥13.57 Billion | CN¥0.00 | CN¥39.06 Billion | ▲ +0.0 pp |
| 2002 | 100.0% | CN¥11.13 Billion | CN¥0.00 | CN¥37.19 Billion | ▲ +0.0 pp |
| 2001 | 100.0% | CN¥10.60 Billion | CN¥0.00 | CN¥30.65 Billion | ▲ +0.0 pp |
| 2000 | 100.0% | CN¥10.17 Billion | CN¥0.00 | CN¥30.93 Billion | ▲ +0.0 pp |
| 1999 | 100.0% | CN¥9.62 Billion | CN¥0.00 | CN¥32.57 Billion | ▲ +0.0 pp |
| 1998 | 100.0% | CN¥9.27 Billion | CN¥0.00 | CN¥32.09 Billion | ▲ +0.0 pp |
| 1997 | 100.0% | CN¥9.73 Billion | CN¥0.00 | CN¥32.36 Billion | — |