Ming Yang Smart Energy Group Ltd (601615) — Tangible Net Worth Ratio
Ming Yang Smart Energy Group Ltd (601615) has a Tangible Net Worth Ratio of 89.1% as of March 2026. This metric is calculated by deducting intangible assets (CN¥3.00 Billion) from net assets (CN¥27.48 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 Ming Yang Smart Energy Group Ltd short-term liquidity ratio to evaluate short-term liquidity relative to the company's equity base.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Ming Yang Smart Energy Group Ltd Tangible Net Worth Ratio (2007–2025)
This chart shows how Ming Yang Smart Energy Group Ltd's Tangible Net Worth Ratio has changed across 19 annual periods from 2007 to 2025. As of March 2026, the ratio stands at 89.1%, reflecting net assets of CN¥27.48 Billion with intangible assets of CN¥3.00 Billion CNY. See Ming Yang Smart Energy Group Ltd defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for Ming Yang Smart Energy Group Ltd (2007–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for Ming Yang Smart Energy Group Ltd from 2007 to 2025, covering 19 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 Ming Yang Smart Energy Group Ltd.
| Year | Tangible NW Ratio | Net Assets (CNY) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 89.2% | CN¥27.40 Billion | CN¥2.95 Billion | CN¥96.85 Billion | ▼ -0.8 pp |
| 2024 | 90.1% | CN¥27.26 Billion | CN¥2.71 Billion | CN¥86.79 Billion | ▼ -1.9 pp |
| 2023 | 92.0% | CN¥28.45 Billion | CN¥2.29 Billion | CN¥83.86 Billion | ▼ -1.5 pp |
| 2022 | 93.5% | CN¥28.37 Billion | CN¥1.84 Billion | CN¥68.94 Billion | ▲ +0.0 pp |
| 2021 | 93.5% | CN¥18.49 Billion | CN¥1.21 Billion | CN¥61.49 Billion | ▲ +2.0 pp |
| 2020 | 91.5% | CN¥15.08 Billion | CN¥1.29 Billion | CN¥51.63 Billion | ▲ +6.9 pp |
| 2019 | 84.5% | CN¥7.09 Billion | CN¥1.10 Billion | CN¥34.70 Billion | ▲ +3.4 pp |
| 2018 | 81.1% | CN¥4.89 Billion | CN¥922.25 Million | CN¥22.33 Billion | ▼ -2.7 pp |
| 2017 | 83.9% | CN¥4.26 Billion | CN¥687.36 Million | CN¥19.12 Billion | ▲ +0.8 pp |
| 2016 | 83.1% | CN¥3.70 Billion | CN¥626.47 Million | CN¥18.12 Billion | ▲ +3.8 pp |
| 2015 | 79.3% | CN¥3.26 Billion | CN¥675.23 Million | CN¥15.11 Billion | ▲ +5.6 pp |
| 2014 | 73.7% | CN¥2.88 Billion | CN¥755.54 Million | CN¥12.71 Billion | ▼ -2.7 pp |
| 2013 | 76.4% | CN¥3.02 Billion | CN¥710.92 Million | CN¥10.50 Billion | ▼ -7.5 pp |
| 2012 | 84.0% | CN¥2.98 Billion | CN¥477.90 Million | CN¥10.80 Billion | ▼ -5.8 pp |
| 2011 | 89.7% | CN¥3.13 Billion | CN¥321.20 Million | CN¥9.78 Billion | ▼ -8.2 pp |
| 2010 | 98.0% | CN¥2.86 Billion | CN¥58.21 Million | CN¥7.33 Billion | ▼ -0.4 pp |
| 2009 | 98.3% | CN¥1.16 Billion | CN¥19.43 Million | CN¥3.63 Billion | ▲ +2.9 pp |
| 2008 | 95.4% | CN¥340.51 Million | CN¥15.57 Million | CN¥1.07 Billion | ▼ -4.6 pp |
| 2007 | 100.0% | CN¥228.88 Million | CN¥53.63K | CN¥251.75 Million | — |