First Tractor Co Ltd Tangible Net Worth Ratio
First Tractor Co Ltd 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. Also explore net asset momentum of First Tractor Co Ltd to track the company's year-over-year net asset growth rate.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Tangible Net Worth Ratio of First Tractor Co Ltd (2004–2025)
Tangible net worth ratio of First Tractor Co Ltd from 2004 to 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. Check First Tractor Co Ltd PP&E and investment ratio to assess the company's strategic physical and investment asset allocation.
First Tractor Co Ltd Tangible Net Worth Ratio by Year (2004–2025)
First Tractor Co Ltd tangible net worth ratio by year from 2004 to 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 live market cap and overall valuation, see First Tractor Co Ltd market cap and net worth.
| 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 | — |