Shandong Daye Co Ltd Class A (603278) — Tangible Net Worth Ratio
Shandong Daye Co Ltd Class A (603278) has a Tangible Net Worth Ratio of 71.3% as of September 2025. This metric is calculated by deducting intangible assets (CN¥575.48 Million) from net assets (CN¥2.01 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 Shandong Daye Co Ltd Class A (603278) net asset momentum to track the company's year-over-year net asset growth rate.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Shandong Daye Co Ltd Class A Tangible Net Worth Ratio (2013–2024)
This chart shows how Shandong Daye Co Ltd Class A's Tangible Net Worth Ratio has changed across 12 annual periods from 2013 to 2024. As of September 2025, the ratio stands at 71.3%, reflecting net assets of CN¥2.01 Billion with intangible assets of CN¥575.48 Million CNY. For live market cap and overall valuation, see Shandong Daye Co Ltd Class A market cap and net worth.
Annual Tangible Net Worth Ratio for Shandong Daye Co Ltd Class A (2013–2024)
The table below presents the year-by-year Tangible Net Worth Ratio for Shandong Daye Co Ltd Class A from 2013 to 2024, covering 12 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 how much does Shandong Daye Co Ltd Class A reinvest in capital 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 | 78.2% | CN¥2.43 Billion | CN¥528.85 Million | CN¥7.70 Billion | ▼ -4.1 pp |
| 2023 | 82.3% | CN¥2.61 Billion | CN¥460.91 Million | CN¥7.29 Billion | ▲ +0.5 pp |
| 2022 | 81.8% | CN¥2.05 Billion | CN¥373.20 Million | CN¥7.20 Billion | ▼ -7.1 pp |
| 2021 | 88.9% | CN¥1.84 Billion | CN¥203.90 Million | CN¥6.77 Billion | ▲ +0.5 pp |
| 2020 | 88.4% | CN¥1.76 Billion | CN¥204.41 Million | CN¥5.30 Billion | ▼ -2.0 pp |
| 2019 | 90.4% | CN¥1.70 Billion | CN¥164.17 Million | CN¥4.06 Billion | ▼ -1.4 pp |
| 2018 | 91.8% | CN¥1.53 Billion | CN¥125.68 Million | CN¥3.20 Billion | ▼ -2.1 pp |
| 2017 | 93.9% | CN¥1.36 Billion | CN¥83.59 Million | CN¥2.82 Billion | ▲ +6.6 pp |
| 2016 | 87.2% | CN¥584.76 Million | CN¥74.66 Million | CN¥1.66 Billion | ▲ +3.3 pp |
| 2015 | 83.9% | CN¥441.76 Million | CN¥71.05 Million | CN¥1.48 Billion | ▼ -0.9 pp |
| 2014 | 84.8% | CN¥369.21 Million | CN¥56.24 Million | CN¥1.43 Billion | ▲ +2.3 pp |
| 2013 | 82.4% | CN¥324.43 Million | CN¥56.96 Million | CN¥1.23 Billion | — |