Mudanjiang Hengfeng Paper Co Ltd (600356) — Tangible Net Worth Ratio
Mudanjiang Hengfeng Paper Co Ltd (600356) has a Tangible Net Worth Ratio of 89.7% as of September 2025. This metric is calculated by deducting intangible assets (CN¥283.43 Million) from net assets (CN¥2.75 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 600356 working capital efficiency to evaluate short-term liquidity relative to the company's equity base.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Mudanjiang Hengfeng Paper Co Ltd Tangible Net Worth Ratio (1997–2024)
This chart shows how Mudanjiang Hengfeng Paper Co Ltd's Tangible Net Worth Ratio has changed across 28 annual periods from 1997 to 2024. As of September 2025, the ratio stands at 89.7%, reflecting net assets of CN¥2.75 Billion with intangible assets of CN¥283.43 Million CNY. See operational self-sufficiency of Mudanjiang Hengfeng Paper Co Ltd to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for Mudanjiang Hengfeng Paper Co Ltd (1997–2024)
The table below presents the year-by-year Tangible Net Worth Ratio for Mudanjiang Hengfeng Paper Co Ltd from 1997 to 2024, covering 28 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 Mudanjiang Hengfeng Paper Co Ltd market cap and net worth.
| Year | Tangible NW Ratio | Net Assets (CNY) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2024 | 89.0% | CN¥2.65 Billion | CN¥290.27 Million | CN¥3.47 Billion | ▼ -0.5 pp |
| 2023 | 89.5% | CN¥2.57 Billion | CN¥270.17 Million | CN¥3.17 Billion | ▲ +0.8 pp |
| 2022 | 88.7% | CN¥2.47 Billion | CN¥278.72 Million | CN¥3.06 Billion | ▲ +0.9 pp |
| 2021 | 87.8% | CN¥2.37 Billion | CN¥289.62 Million | CN¥2.94 Billion | ▲ +0.7 pp |
| 2020 | 87.1% | CN¥2.32 Billion | CN¥299.31 Million | CN¥3.03 Billion | ▲ +0.4 pp |
| 2019 | 86.7% | CN¥2.20 Billion | CN¥293.12 Million | CN¥2.94 Billion | ▲ +0.5 pp |
| 2018 | 86.2% | CN¥2.13 Billion | CN¥295.00 Million | CN¥2.73 Billion | ▲ +0.3 pp |
| 2017 | 85.8% | CN¥2.10 Billion | CN¥296.97 Million | CN¥2.72 Billion | ▲ +0.6 pp |
| 2016 | 85.2% | CN¥2.03 Billion | CN¥300.33 Million | CN¥2.72 Billion | ▼ -3.0 pp |
| 2015 | 88.2% | CN¥1.96 Billion | CN¥231.33 Million | CN¥2.66 Billion | ▲ +2.8 pp |
| 2014 | 85.4% | CN¥1.62 Billion | CN¥236.64 Million | CN¥2.70 Billion | ▲ +1.6 pp |
| 2013 | 83.8% | CN¥1.56 Billion | CN¥252.73 Million | CN¥2.66 Billion | ▼ -12.7 pp |
| 2012 | 96.5% | CN¥1.39 Billion | CN¥48.59 Million | CN¥2.77 Billion | ▼ -0.8 pp |
| 2011 | 97.3% | CN¥1.24 Billion | CN¥32.88 Million | CN¥2.33 Billion | ▲ +0.2 pp |
| 2010 | 97.1% | CN¥1.17 Billion | CN¥33.55 Million | CN¥1.90 Billion | ▼ -1.4 pp |
| 2009 | 98.6% | CN¥1.15 Billion | CN¥16.30 Million | CN¥1.62 Billion | ▲ +0.1 pp |
| 2008 | 98.5% | CN¥1.09 Billion | CN¥16.71 Million | CN¥1.51 Billion | ▼ -1.2 pp |
| 2007 | 99.7% | CN¥1.05 Billion | CN¥3.67 Million | CN¥1.60 Billion | ▼ -0.3 pp |
| 2006 | 100.0% | CN¥755.55 Million | CN¥0.00 | CN¥1.57 Billion | ▲ +0.0 pp |
| 2005 | 100.0% | CN¥705.59 Million | CN¥0.00 | CN¥1.45 Billion | ▲ +0.0 pp |
| 2004 | 100.0% | CN¥644.39 Million | CN¥0.00 | CN¥1.16 Billion | ▲ +0.0 pp |
| 2003 | 100.0% | CN¥597.81 Million | CN¥0.00 | CN¥947.09 Million | ▲ +0.0 pp |
| 2002 | 100.0% | CN¥528.10 Million | CN¥0.00 | CN¥700.86 Million | ▲ +0.0 pp |
| 2001 | 100.0% | CN¥490.79 Million | CN¥0.00 | CN¥656.01 Million | ▲ +0.0 pp |
| 2000 | 100.0% | CN¥457.96 Million | CN¥0.00 | CN¥669.61 Million | ▲ +0.0 pp |
| 1999 | 100.0% | CN¥161.80 Million | CN¥0.00 | CN¥376.96 Million | ▲ +0.0 pp |
| 1998 | 100.0% | CN¥188.59 Million | CN¥0.00 | CN¥337.58 Million | ▲ +0.0 pp |
| 1997 | 100.0% | CN¥173.54 Million | CN¥0.00 | CN¥278.86 Million | — |