Shenzhen Expressway Co Ltd (600548) — Tangible Net Worth Ratio
Shenzhen Expressway Co Ltd (600548) has a Tangible Net Worth Ratio of 24.2% as of March 2026. This metric is calculated by deducting intangible assets (CN¥24.68 Billion) from net assets (CN¥32.55 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 600548 net working capital ratio to evaluate short-term liquidity relative to the company's equity base.
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 March 2026, the ratio stands at 24.2%, reflecting net assets of CN¥32.55 Billion with intangible assets of CN¥24.68 Billion CNY. See Shenzhen Expressway Co Ltd defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.
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. For the full company profile including market capitalisation, see Shenzhen Expressway Co Ltd stock valuation.
| 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 | — |