Zhejiang Meilun Elevator Co Ltd (603321) — Tangible Net Worth Ratio
Zhejiang Meilun Elevator Co Ltd (603321) has a Tangible Net Worth Ratio of 94.9% as of September 2025. This metric is calculated by deducting intangible assets (CN¥76.17 Million) from net assets (CN¥1.48 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 momentum of Zhejiang Meilun Elevator Co Ltd to track the company's year-over-year net asset growth rate.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Zhejiang Meilun Elevator Co Ltd Tangible Net Worth Ratio (2013–2024)
This chart shows how Zhejiang Meilun Elevator Co Ltd's Tangible Net Worth Ratio has changed across 12 annual periods from 2013 to 2024. As of September 2025, the ratio stands at 94.9%, reflecting net assets of CN¥1.48 Billion with intangible assets of CN¥76.17 Million CNY. For live market cap and overall valuation, see Zhejiang Meilun Elevator Co Ltd market capitalisation.
Annual Tangible Net Worth Ratio for Zhejiang Meilun Elevator Co Ltd (2013–2024)
The table below presents the year-by-year Tangible Net Worth Ratio for Zhejiang Meilun Elevator Co Ltd 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 Zhejiang Meilun Elevator Co Ltd capex to cash flow ratio 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 | 93.5% | CN¥1.26 Billion | CN¥82.10 Million | CN¥2.04 Billion | ▼ -1.2 pp |
| 2023 | 94.6% | CN¥1.20 Billion | CN¥64.11 Million | CN¥2.11 Billion | ▲ +0.5 pp |
| 2022 | 94.2% | CN¥1.14 Billion | CN¥66.82 Million | CN¥1.98 Billion | ▼ -1.1 pp |
| 2021 | 95.3% | CN¥1.12 Billion | CN¥52.79 Million | CN¥1.93 Billion | ▲ +0.1 pp |
| 2020 | 95.2% | CN¥1.10 Billion | CN¥53.06 Million | CN¥1.78 Billion | ▲ +0.2 pp |
| 2019 | 95.0% | CN¥1.06 Billion | CN¥52.77 Million | CN¥1.62 Billion | ▼ -0.8 pp |
| 2018 | 95.8% | CN¥1.03 Billion | CN¥43.43 Million | CN¥1.53 Billion | ▲ +0.3 pp |
| 2017 | 95.5% | CN¥1.00 Billion | CN¥45.24 Million | CN¥1.51 Billion | ▲ +4.7 pp |
| 2016 | 90.8% | CN¥502.41 Million | CN¥46.36 Million | CN¥970.82 Million | ▲ +2.6 pp |
| 2015 | 88.2% | CN¥418.22 Million | CN¥49.31 Million | CN¥942.66 Million | ▲ +3.1 pp |
| 2014 | 85.2% | CN¥333.54 Million | CN¥49.50 Million | CN¥878.12 Million | ▼ -5.1 pp |
| 2013 | 90.3% | CN¥241.65 Million | CN¥23.52 Million | CN¥765.81 Million | — |