Start Group (600734) — Tangible Net Worth Ratio
Start Group (600734) has a Tangible Net Worth Ratio of 24.4% as of March 2026. This metric is calculated by deducting intangible assets (CN¥179.75 Million) from net assets (CN¥237.91 Million) 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 Start Group working capital to net assets to evaluate short-term liquidity relative to the company's equity base.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Start Group Tangible Net Worth Ratio (1995–2025)
This chart shows how Start Group's Tangible Net Worth Ratio has changed across 27 annual periods from 1995 to 2025. As of March 2026, the ratio stands at 24.4%, reflecting net assets of CN¥237.91 Million with intangible assets of CN¥179.75 Million CNY. See Start Group defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for Start Group (1995–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for Start Group from 1995 to 2025, covering 27 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 Start Group stock valuation.
| Year | Tangible NW Ratio | Net Assets (CNY) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 48.8% | CN¥252.30 Million | CN¥129.15 Million | CN¥1.13 Billion | ▼ -14.0 pp |
| 2024 | 62.8% | CN¥399.14 Million | CN¥148.30 Million | CN¥1.08 Billion | ▼ -35.4 pp |
| 2023 | 98.2% | CN¥392.26 Million | CN¥6.88 Million | CN¥845.12 Million | ▼ -1.0 pp |
| 2022 | 99.2% | CN¥355.07 Million | CN¥2.79 Million | CN¥927.57 Million | ▼ -0.6 pp |
| 2021 | 99.8% | CN¥455.13 Million | CN¥783.72K | CN¥1.63 Billion | ▲ +2.3 pp |
| 2018 | 97.6% | CN¥2.61 Billion | CN¥63.41 Million | CN¥7.34 Billion | ▼ -0.8 pp |
| 2017 | 98.4% | CN¥2.87 Billion | CN¥47.36 Million | CN¥8.23 Billion | ▲ +0.9 pp |
| 2016 | 97.5% | CN¥2.54 Billion | CN¥64.08 Million | CN¥7.12 Billion | ▼ -2.4 pp |
| 2015 | 99.9% | CN¥258.44 Million | CN¥354.99K | CN¥367.36 Million | ▲ +0.2 pp |
| 2014 | 99.6% | CN¥111.23 Million | CN¥423.29K | CN¥1.58 Billion | ▼ -0.1 pp |
| 2013 | 99.7% | CN¥182.52 Million | CN¥577.03K | CN¥1.20 Billion | ▲ +0.2 pp |
| 2012 | 99.5% | CN¥203.94 Million | CN¥1.02 Million | CN¥1.06 Billion | ▼ -0.1 pp |
| 2011 | 99.6% | CN¥340.62 Million | CN¥1.29 Million | CN¥1.27 Billion | ▲ +0.0 pp |
| 2010 | 99.6% | CN¥423.18 Million | CN¥1.81 Million | CN¥1.93 Billion | ▲ +0.1 pp |
| 2009 | 99.5% | CN¥340.91 Million | CN¥1.78 Million | CN¥1.50 Billion | ▲ +7.0 pp |
| 2008 | 92.5% | CN¥177.63 Million | CN¥13.34 Million | CN¥1.37 Billion | ▼ -0.9 pp |
| 2005 | 93.4% | CN¥214.25 Million | CN¥14.14 Million | CN¥1.21 Billion | ▼ -2.7 pp |
| 2004 | 96.1% | CN¥424.20 Million | CN¥16.55 Million | CN¥1.74 Billion | ▼ -1.2 pp |
| 2003 | 97.3% | CN¥634.23 Million | CN¥17.13 Million | CN¥2.14 Billion | ▲ +0.1 pp |
| 2002 | 97.2% | CN¥627.10 Million | CN¥17.72 Million | CN¥2.07 Billion | ▼ -0.1 pp |
| 2001 | 97.3% | CN¥604.98 Million | CN¥16.31 Million | CN¥1.68 Billion | ▲ +0.2 pp |
| 2000 | 97.1% | CN¥574.70 Million | CN¥16.85 Million | CN¥1.78 Billion | ▼ -0.9 pp |
| 1999 | 98.0% | CN¥865.48 Million | CN¥17.39 Million | CN¥1.92 Billion | ▲ +0.3 pp |
| 1998 | 97.7% | CN¥782.51 Million | CN¥17.93 Million | CN¥1.56 Billion | ▲ +0.4 pp |
| 1997 | 97.3% | CN¥715.32 Million | CN¥19.18 Million | CN¥1.45 Billion | ▲ +1.1 pp |
| 1996 | 96.2% | CN¥473.18 Million | CN¥18.01 Million | CN¥896.11 Million | ▲ +7.3 pp |
| 1995 | 88.9% | CN¥147.64 Million | CN¥16.45 Million | CN¥419.75 Million | — |