China First Heavy Industries (601106) — Tangible Net Worth Ratio
China First Heavy Industries (601106) has a Tangible Net Worth Ratio of 62.5% as of September 2025. This metric is calculated by deducting intangible assets (CN¥2.52 Billion) from net assets (CN¥6.72 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 working capital to net assets of China First Heavy Industries to evaluate short-term liquidity relative to the company's equity base.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
China First Heavy Industries Tangible Net Worth Ratio (2008–2024)
This chart shows how China First Heavy Industries's Tangible Net Worth Ratio has changed across 17 annual periods from 2008 to 2024. As of September 2025, the ratio stands at 62.5%, reflecting net assets of CN¥6.72 Billion with intangible assets of CN¥2.52 Billion CNY. See 601106 days of operational coverage to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for China First Heavy Industries (2008–2024)
The table below presents the year-by-year Tangible Net Worth Ratio for China First Heavy Industries from 2008 to 2024, covering 17 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 market value of China First Heavy Industries.
| Year | Tangible NW Ratio | Net Assets (CNY) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2024 | 57.9% | CN¥5.71 Billion | CN¥2.41 Billion | CN¥39.97 Billion | ▼ -15.7 pp |
| 2023 | 73.6% | CN¥9.14 Billion | CN¥2.41 Billion | CN¥39.99 Billion | ▼ -7.4 pp |
| 2022 | 81.0% | CN¥11.87 Billion | CN¥2.25 Billion | CN¥41.26 Billion | ▼ -0.9 pp |
| 2021 | 81.9% | CN¥11.54 Billion | CN¥2.09 Billion | CN¥38.29 Billion | ▼ -2.8 pp |
| 2020 | 84.7% | CN¥11.25 Billion | CN¥1.72 Billion | CN¥32.87 Billion | ▼ -1.3 pp |
| 2019 | 86.0% | CN¥11.16 Billion | CN¥1.56 Billion | CN¥33.09 Billion | ▲ +0.4 pp |
| 2018 | 85.7% | CN¥11.04 Billion | CN¥1.58 Billion | CN¥34.05 Billion | ▲ +0.1 pp |
| 2017 | 85.6% | CN¥10.92 Billion | CN¥1.58 Billion | CN¥33.38 Billion | ▲ +1.3 pp |
| 2016 | 84.2% | CN¥9.29 Billion | CN¥1.46 Billion | CN¥30.42 Billion | ▼ -6.8 pp |
| 2015 | 91.1% | CN¥15.08 Billion | CN¥1.35 Billion | CN¥38.07 Billion | ▼ -0.7 pp |
| 2014 | 91.8% | CN¥16.97 Billion | CN¥1.39 Billion | CN¥39.99 Billion | ▲ +0.1 pp |
| 2013 | 91.7% | CN¥16.92 Billion | CN¥1.40 Billion | CN¥35.70 Billion | ▲ +0.2 pp |
| 2012 | 91.6% | CN¥16.93 Billion | CN¥1.43 Billion | CN¥36.19 Billion | ▼ -0.7 pp |
| 2011 | 92.3% | CN¥16.91 Billion | CN¥1.31 Billion | CN¥34.17 Billion | ▼ -0.8 pp |
| 2010 | 93.0% | CN¥16.57 Billion | CN¥1.15 Billion | CN¥28.13 Billion | ▲ +15.8 pp |
| 2009 | 77.2% | CN¥5.01 Billion | CN¥1.14 Billion | CN¥22.89 Billion | ▲ +1.3 pp |
| 2008 | 75.9% | CN¥2.49 Billion | CN¥602.04 Million | CN¥19.83 Billion | — |