Jiangsu Seagull Cooling Tower (603269) — Tangible Net Worth Ratio
Jiangsu Seagull Cooling Tower (603269) has a Tangible Net Worth Ratio of 93.9% as of March 2026. This metric is calculated by deducting intangible assets (CN¥65.37 Million) from net assets (CN¥1.07 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 Jiangsu Seagull Cooling Tower current assets vs equity to evaluate short-term liquidity relative to the company's equity base.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Jiangsu Seagull Cooling Tower Tangible Net Worth Ratio (2012–2025)
This chart shows how Jiangsu Seagull Cooling Tower's Tangible Net Worth Ratio has changed across 14 annual periods from 2012 to 2025. As of March 2026, the ratio stands at 93.9%, reflecting net assets of CN¥1.07 Billion with intangible assets of CN¥65.37 Million CNY. See Jiangsu Seagull Cooling Tower (603269) defensive interval to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for Jiangsu Seagull Cooling Tower (2012–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for Jiangsu Seagull Cooling Tower from 2012 to 2025, covering 14 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 Jiangsu Seagull Cooling Tower (603269) total market value.
| Year | Tangible NW Ratio | Net Assets (CNY) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 93.7% | CN¥1.06 Billion | CN¥66.71 Million | CN¥3.65 Billion | ▲ +0.4 pp |
| 2024 | 93.2% | CN¥1.08 Billion | CN¥72.66 Million | CN¥3.41 Billion | ▲ +0.6 pp |
| 2023 | 92.6% | CN¥1.03 Billion | CN¥75.62 Million | CN¥3.26 Billion | ▲ +0.9 pp |
| 2022 | 91.7% | CN¥955.40 Million | CN¥78.95 Million | CN¥2.64 Billion | ▲ +0.3 pp |
| 2021 | 91.5% | CN¥897.62 Million | CN¥76.50 Million | CN¥2.37 Billion | ▲ +0.6 pp |
| 2020 | 90.9% | CN¥871.58 Million | CN¥79.61 Million | CN¥2.11 Billion | ▼ -0.8 pp |
| 2019 | 91.6% | CN¥696.83 Million | CN¥58.33 Million | CN¥1.55 Billion | ▲ +0.4 pp |
| 2018 | 91.2% | CN¥656.09 Million | CN¥57.82 Million | CN¥1.42 Billion | ▼ -2.9 pp |
| 2017 | 94.1% | CN¥635.80 Million | CN¥37.64 Million | CN¥1.24 Billion | ▲ +2.7 pp |
| 2016 | 91.4% | CN¥434.33 Million | CN¥37.40 Million | CN¥1.05 Billion | ▲ +0.7 pp |
| 2015 | 90.6% | CN¥403.00 Million | CN¥37.71 Million | CN¥995.13 Million | ▲ +0.6 pp |
| 2014 | 90.1% | CN¥378.89 Million | CN¥37.62 Million | CN¥930.57 Million | ▼ -0.6 pp |
| 2013 | 90.7% | CN¥347.03 Million | CN¥32.20 Million | CN¥892.29 Million | ▲ +1.9 pp |
| 2012 | 88.8% | CN¥294.91 Million | CN¥32.95 Million | CN¥780.30 Million | — |