Shenzhen Expressway Co Ltd (600548) — Tangible Net Worth Ratio
Shenzhen Expressway Co Ltd (600548) has a Tangible Net Worth Ratio of 23.4% as of June 2026. This metric is calculated by deducting intangible assets (CN¥24.49 Billion) from net assets (CN¥31.97 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 net asset momentum of Shenzhen Expressway Co Ltd to track the company's year-over-year net asset growth rate.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Shenzhen Expressway Co Ltd Tangible Net Worth Ratio (1998–2025)
This chart shows how Shenzhen Expressway Co Ltd's Tangible Net Worth Ratio has changed across 28 annual periods from 1998 to 2025. As of June 2026, the ratio stands at 23.4%, reflecting net assets of CN¥31.97 Billion with intangible assets of CN¥24.49 Billion CNY. For live market cap and overall valuation, see market cap of Shenzhen Expressway Co Ltd.
Annual Tangible Net Worth Ratio for Shenzhen Expressway Co Ltd (1998–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for Shenzhen Expressway Co Ltd from 1998 to 2025, 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. Explore capital reinvestment ratio of Shenzhen Expressway Co Ltd 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 | 11.9% | CN¥28.28 Billion | CN¥24.92 Billion | CN¥71.44 Billion | ▲ +3.2 pp |
| 2024 | 8.6% | CN¥27.20 Billion | CN¥24.85 Billion | CN¥67.56 Billion | ▲ +4.4 pp |
| 2023 | 4.2% | CN¥28.00 Billion | CN¥26.82 Billion | CN¥67.51 Billion | ▲ +2.4 pp |
| 2022 | 1.9% | CN¥27.36 Billion | CN¥26.85 Billion | CN¥69.20 Billion | ▼ -0.5 pp |
| 2021 | 2.3% | CN¥27.77 Billion | CN¥27.12 Billion | CN¥60.61 Billion | ▲ +4.5 pp |
| 2020 | -2.2% | CN¥26.28 Billion | CN¥26.86 Billion | CN¥55.14 Billion | ▲ +11.2 pp |
| 2019 | -13.4% | CN¥20.72 Billion | CN¥23.49 Billion | CN¥44.92 Billion | ▲ +7.4 pp |
| 2018 | -20.8% | CN¥19.54 Billion | CN¥23.60 Billion | CN¥41.10 Billion | ▲ +13.3 pp |
| 2017 | -34.1% | CN¥15.77 Billion | CN¥21.15 Billion | CN¥37.47 Billion | ▼ -9.5 pp |
| 2016 | -24.6% | CN¥14.71 Billion | CN¥18.32 Billion | CN¥32.38 Billion | ▲ +4.3 pp |
| 2015 | -28.8% | CN¥14.96 Billion | CN¥19.27 Billion | CN¥31.67 Billion | ▼ -5.7 pp |
| 2014 | -23.1% | CN¥13.12 Billion | CN¥16.15 Billion | CN¥24.33 Billion | ▲ +34.9 pp |
| 2013 | -58.0% | CN¥11.24 Billion | CN¥17.76 Billion | CN¥22.84 Billion | ▲ +13.4 pp |
| 2012 | -71.4% | CN¥10.87 Billion | CN¥18.64 Billion | CN¥24.21 Billion | ▲ +9.2 pp |
| 2011 | -80.6% | CN¥10.50 Billion | CN¥18.96 Billion | CN¥24.61 Billion | ▲ +11.1 pp |
| 2010 | -91.7% | CN¥9.34 Billion | CN¥17.90 Billion | CN¥22.62 Billion | ▲ +7.0 pp |
| 2009 | -98.7% | CN¥8.87 Billion | CN¥17.62 Billion | CN¥22.21 Billion | ▼ -20.5 pp |
| 2008 | -78.2% | CN¥7.71 Billion | CN¥13.74 Billion | CN¥18.21 Billion | ▼ -175.5 pp |
| 2007 | 97.3% | CN¥7.99 Billion | CN¥215.53 Million | CN¥15.20 Billion | ▲ +5.8 pp |
| 2006 | 91.5% | CN¥6.59 Billion | CN¥563.45 Million | CN¥10.19 Billion | ▲ +0.9 pp |
| 2005 | 90.6% | CN¥6.29 Billion | CN¥594.58 Million | CN¥9.93 Billion | ▼ -3.1 pp |
| 2004 | 93.6% | CN¥6.04 Billion | CN¥386.47 Million | CN¥7.52 Billion | ▲ +0.4 pp |
| 2003 | 93.2% | CN¥5.97 Billion | CN¥404.11 Million | CN¥7.11 Billion | ▲ +3.9 pp |
| 2002 | 89.4% | CN¥5.18 Billion | CN¥550.94 Million | CN¥6.92 Billion | ▲ +0.6 pp |
| 2001 | 88.7% | CN¥5.09 Billion | CN¥573.96 Million | CN¥7.00 Billion | ▲ +2.6 pp |
| 2000 | 86.1% | CN¥4.30 Billion | CN¥596.98 Million | CN¥5.93 Billion | ▲ +1.0 pp |
| 1999 | 85.1% | CN¥4.16 Billion | CN¥620.00 Million | CN¥5.39 Billion | ▲ +0.8 pp |
| 1998 | 84.3% | CN¥4.10 Billion | CN¥641.62 Million | CN¥4.90 Billion | — |