First Tractor Co Ltd (601038) — Tangible Net Worth Ratio
First Tractor Co Ltd (601038) has a Tangible Net Worth Ratio of 92.5% as of December 2025. This metric is calculated by deducting intangible assets (CN¥633.03 Million) from net assets (CN¥8.44 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 First Tractor Co Ltd (601038) shareholders funds for net asset value and shareholders' equity analysis.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
First Tractor Co Ltd Tangible Net Worth Ratio (2004–2025)
This chart shows how First Tractor Co Ltd's Tangible Net Worth Ratio has changed across 22 annual periods from 2004 to 2025. As of December 2025, the ratio stands at 92.5%, reflecting net assets of CN¥8.44 Billion with intangible assets of CN¥633.03 Million CNY. Also explore how fast is First Tractor Co Ltd growing its equity to track the company's year-over-year net asset growth rate.
Annual Tangible Net Worth Ratio for First Tractor Co Ltd (2004–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for First Tractor Co Ltd from 2004 to 2025, covering 22 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 601038 market cap overview.
| Year | Tangible NW Ratio | Net Assets (CNY) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 92.5% | CN¥8.44 Billion | CN¥633.03 Million | CN¥15.10 Billion | ▲ +1.2 pp |
| 2024 | 91.3% | CN¥7.78 Billion | CN¥676.33 Million | CN¥14.69 Billion | ▲ +1.0 pp |
| 2023 | 90.3% | CN¥7.22 Billion | CN¥697.34 Million | CN¥13.82 Billion | ▲ +1.3 pp |
| 2022 | 89.0% | CN¥6.50 Billion | CN¥713.23 Million | CN¥12.99 Billion | ▲ +1.6 pp |
| 2021 | 87.4% | CN¥5.98 Billion | CN¥750.86 Million | CN¥12.34 Billion | ▲ +2.9 pp |
| 2020 | 84.6% | CN¥4.98 Billion | CN¥766.87 Million | CN¥12.34 Billion | ▲ +1.1 pp |
| 2019 | 83.5% | CN¥4.78 Billion | CN¥791.67 Million | CN¥11.63 Billion | ▲ +1.5 pp |
| 2018 | 81.9% | CN¥4.66 Billion | CN¥842.34 Million | CN¥13.14 Billion | ▼ -2.3 pp |
| 2017 | 84.2% | CN¥5.44 Billion | CN¥859.72 Million | CN¥14.10 Billion | ▲ +0.5 pp |
| 2016 | 83.7% | CN¥5.50 Billion | CN¥896.64 Million | CN¥13.21 Billion | ▲ +0.8 pp |
| 2015 | 82.9% | CN¥5.40 Billion | CN¥922.35 Million | CN¥13.27 Billion | ▲ +0.7 pp |
| 2014 | 82.2% | CN¥5.32 Billion | CN¥947.15 Million | CN¥12.36 Billion | ▲ +0.5 pp |
| 2013 | 81.7% | CN¥5.23 Billion | CN¥957.92 Million | CN¥11.67 Billion | ▼ -1.0 pp |
| 2012 | 82.7% | CN¥4.89 Billion | CN¥848.73 Million | CN¥10.73 Billion | ▲ +3.0 pp |
| 2011 | 79.7% | CN¥3.78 Billion | CN¥766.89 Million | CN¥9.17 Billion | ▼ -14.2 pp |
| 2010 | 93.9% | CN¥3.54 Billion | CN¥215.20 Million | CN¥8.34 Billion | ▼ -2.8 pp |
| 2009 | 96.8% | CN¥3.07 Billion | CN¥99.89 Million | CN¥6.04 Billion | ▲ +0.7 pp |
| 2008 | 96.1% | CN¥2.82 Billion | CN¥110.27 Million | CN¥5.74 Billion | ▲ +53.9 pp |
| 2007 | 42.2% | CN¥2.78 Billion | CN¥1.60 Billion | CN¥5.49 Billion | ▲ +2.9 pp |
| 2006 | 39.3% | CN¥2.40 Billion | CN¥1.46 Billion | CN¥4.99 Billion | ▼ -60.7 pp |
| 2005 | 100.0% | CN¥2.19 Billion | CN¥0.00 | CN¥3.82 Billion | ▲ +0.0 pp |
| 2004 | 100.0% | CN¥2.24 Billion | CN¥0.00 | CN¥3.65 Billion | — |