Flat Glass Group Co. Ltd (601865) — Tangible Net Worth Ratio
Flat Glass Group Co. Ltd (601865) has a Tangible Net Worth Ratio of 72.1% as of September 2025. This metric is calculated by deducting intangible assets (CN¥6.23 Billion) from net assets (CN¥22.29 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 growth rate of Flat Glass Group Co. Ltd to track the company's year-over-year net asset growth rate.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Flat Glass Group Co. Ltd Tangible Net Worth Ratio (2012–2024)
This chart shows how Flat Glass Group Co. Ltd's Tangible Net Worth Ratio has changed across 13 annual periods from 2012 to 2024. As of September 2025, the ratio stands at 72.1%, reflecting net assets of CN¥22.29 Billion with intangible assets of CN¥6.23 Billion CNY. For live market cap and overall valuation, see 601865 stock market capitalisation.
Annual Tangible Net Worth Ratio for Flat Glass Group Co. Ltd (2012–2024)
The table below presents the year-by-year Tangible Net Worth Ratio for Flat Glass Group Co. Ltd from 2012 to 2024, covering 13 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 Flat Glass Group Co. Ltd (601865) capital reinvestment 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) |
|---|---|---|---|---|---|
| 2024 | 96.1% | CN¥21.78 Billion | CN¥848.33 Million | CN¥42.92 Billion | ▼ -0.3 pp |
| 2023 | 96.4% | CN¥22.29 Billion | CN¥795.44 Million | CN¥42.98 Billion | ▲ +1.6 pp |
| 2022 | 94.8% | CN¥14.03 Billion | CN¥729.51 Million | CN¥32.38 Billion | ▼ -0.3 pp |
| 2021 | 95.1% | CN¥11.81 Billion | CN¥580.46 Million | CN¥20.08 Billion | ▲ +1.0 pp |
| 2020 | 94.1% | CN¥7.23 Billion | CN¥428.08 Million | CN¥12.27 Billion | ▲ +0.9 pp |
| 2019 | 93.2% | CN¥4.51 Billion | CN¥308.85 Million | CN¥9.39 Billion | ▲ +3.7 pp |
| 2018 | 89.5% | CN¥3.67 Billion | CN¥385.85 Million | CN¥6.95 Billion | ▲ +0.6 pp |
| 2017 | 88.9% | CN¥3.25 Billion | CN¥361.15 Million | CN¥5.96 Billion | ▲ +0.1 pp |
| 2016 | 88.8% | CN¥2.96 Billion | CN¥331.75 Million | CN¥4.47 Billion | ▼ -4.0 pp |
| 2015 | 92.7% | CN¥2.57 Billion | CN¥186.90 Million | CN¥4.69 Billion | ▲ +3.8 pp |
| 2014 | 89.0% | CN¥1.66 Billion | CN¥182.57 Million | CN¥4.10 Billion | ▲ +2.3 pp |
| 2013 | 86.7% | CN¥1.74 Billion | CN¥231.83 Million | CN¥3.95 Billion | ▲ +1.4 pp |
| 2012 | 85.2% | CN¥1.54 Billion | CN¥226.60 Million | CN¥3.64 Billion | — |