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. See 601865 working capital efficiency to evaluate short-term liquidity relative to the company's equity base.
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. See Flat Glass Group Co. Ltd defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.
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. For the full company profile including market capitalisation, see 601865 company net worth.
| 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 | — |