Hangzhou Fortune Gas Cryogenic Group Co. Ltd. A (603173) — Tangible Net Worth Ratio
Hangzhou Fortune Gas Cryogenic Group Co. Ltd. A (603173) has a Tangible Net Worth Ratio of 94.8% as of June 2025. This metric is calculated by deducting intangible assets (CN¥94.47 Million) from net assets (CN¥1.80 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 603173 current assets to equity ratio to evaluate short-term liquidity relative to the company's equity base.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Hangzhou Fortune Gas Cryogenic Group Co. Ltd. A Tangible Net Worth Ratio (2021–2024)
This chart shows how Hangzhou Fortune Gas Cryogenic Group Co. Ltd. A's Tangible Net Worth Ratio has changed across 4 annual periods from 2021 to 2024. As of June 2025, the ratio stands at 94.8%, reflecting net assets of CN¥1.80 Billion with intangible assets of CN¥94.47 Million CNY. See operational self-sufficiency of Hangzhou Fortune Gas Cryogenic Group Co. to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for Hangzhou Fortune Gas Cryogenic Group Co. Ltd. A (2021–2024)
The table below presents the year-by-year Tangible Net Worth Ratio for Hangzhou Fortune Gas Cryogenic Group Co. Ltd. A from 2021 to 2024, covering 4 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 Hangzhou Fortune Gas Cryogenic Group Co. market cap and net worth.
| Year | Tangible NW Ratio | Net Assets (CNY) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2024 | 94.2% | CN¥1.63 Billion | CN¥93.95 Million | CN¥5.30 Billion | ▲ +0.9 pp |
| 2023 | 93.4% | CN¥1.45 Billion | CN¥96.38 Million | CN¥4.40 Billion | ▲ +4.3 pp |
| 2022 | 89.1% | CN¥623.03 Million | CN¥68.12 Million | CN¥2.91 Billion | ▲ +2.6 pp |
| 2021 | 86.5% | CN¥499.03 Million | CN¥67.47 Million | CN¥2.03 Billion | — |