Shenzhen Gas Corp Ltd (601139) — Tangible Net Worth Ratio
Shenzhen Gas Corp Ltd (601139) has a Tangible Net Worth Ratio of 90.0% as of March 2026. This metric is calculated by deducting intangible assets (CN¥1.95 Billion) from net assets (CN¥19.56 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 Shenzhen Gas Corp Ltd annual equity growth to track the company's year-over-year net asset growth rate.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Shenzhen Gas Corp Ltd Tangible Net Worth Ratio (2006–2025)
This chart shows how Shenzhen Gas Corp Ltd's Tangible Net Worth Ratio has changed across 20 annual periods from 2006 to 2025. As of March 2026, the ratio stands at 90.0%, reflecting net assets of CN¥19.56 Billion with intangible assets of CN¥1.95 Billion CNY. For live market cap and overall valuation, see how much is Shenzhen Gas Corp Ltd worth.
Annual Tangible Net Worth Ratio for Shenzhen Gas Corp Ltd (2006–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for Shenzhen Gas Corp Ltd from 2006 to 2025, covering 20 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. Explore Shenzhen Gas Corp Ltd capital spending ratio to see what proportion of operating cash flow is directed to capital expenditures.
| Year | Tangible NW Ratio | Net Assets (CNY) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 97.0% | CN¥67.10 Billion | CN¥1.99 Billion | CN¥48.22 Billion | ▲ +8.5 pp |
| 2024 | 88.5% | CN¥18.36 Billion | CN¥2.10 Billion | CN¥45.22 Billion | ▲ +2.8 pp |
| 2023 | 85.8% | CN¥17.27 Billion | CN¥2.46 Billion | CN¥44.27 Billion | ▲ +0.4 pp |
| 2022 | 85.3% | CN¥15.39 Billion | CN¥2.26 Billion | CN¥38.20 Billion | ▲ +2.4 pp |
| 2021 | 83.0% | CN¥14.07 Billion | CN¥2.39 Billion | CN¥34.10 Billion | ▼ -6.5 pp |
| 2020 | 89.5% | CN¥12.45 Billion | CN¥1.30 Billion | CN¥25.51 Billion | ▼ -0.1 pp |
| 2019 | 89.6% | CN¥11.57 Billion | CN¥1.20 Billion | CN¥23.22 Billion | ▼ -1.1 pp |
| 2018 | 90.7% | CN¥9.68 Billion | CN¥899.73 Million | CN¥19.71 Billion | ▼ -0.5 pp |
| 2017 | 91.2% | CN¥8.79 Billion | CN¥773.40 Million | CN¥18.78 Billion | ▼ -1.1 pp |
| 2016 | 92.3% | CN¥8.06 Billion | CN¥622.48 Million | CN¥17.24 Billion | ▲ +0.5 pp |
| 2015 | 91.8% | CN¥7.45 Billion | CN¥610.27 Million | CN¥15.27 Billion | ▼ -0.7 pp |
| 2014 | 92.5% | CN¥5.77 Billion | CN¥432.21 Million | CN¥13.26 Billion | ▼ -1.0 pp |
| 2013 | 93.5% | CN¥5.26 Billion | CN¥340.03 Million | CN¥12.08 Billion | ▲ +0.3 pp |
| 2012 | 93.3% | CN¥4.49 Billion | CN¥302.17 Million | CN¥9.68 Billion | ▲ +0.3 pp |
| 2011 | 92.9% | CN¥4.12 Billion | CN¥291.04 Million | CN¥9.25 Billion | ▲ +3.5 pp |
| 2010 | 89.5% | CN¥2.87 Billion | CN¥302.39 Million | CN¥7.26 Billion | ▼ -0.2 pp |
| 2009 | 89.6% | CN¥2.82 Billion | CN¥291.79 Million | CN¥5.99 Billion | ▲ +5.1 pp |
| 2008 | 84.5% | CN¥1.76 Billion | CN¥272.44 Million | CN¥4.76 Billion | ▼ -0.8 pp |
| 2007 | 85.3% | CN¥1.69 Billion | CN¥248.41 Million | CN¥3.85 Billion | ▼ -9.2 pp |
| 2006 | 94.4% | CN¥1.60 Billion | CN¥88.96 Million | CN¥3.62 Billion | — |