AA Industrial Belting (603580) — Tangible Net Worth Ratio
AA Industrial Belting (603580) has a Tangible Net Worth Ratio of 92.0% as of March 2026. This metric is calculated by deducting intangible assets (CN¥41.68 Million) from net assets (CN¥522.18 Million) 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 603580 net asset value for net asset value and shareholders' equity analysis.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
AA Industrial Belting Tangible Net Worth Ratio (2011–2025)
This chart shows how AA Industrial Belting's Tangible Net Worth Ratio has changed across 15 annual periods from 2011 to 2025. As of March 2026, the ratio stands at 92.0%, reflecting net assets of CN¥522.18 Million with intangible assets of CN¥41.68 Million CNY. Also explore how fast is AA Industrial Belting growing its equity to track the company's year-over-year net asset growth rate.
Annual Tangible Net Worth Ratio for AA Industrial Belting (2011–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for AA Industrial Belting from 2011 to 2025, covering 15 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 AA Industrial Belting market cap and net worth.
| Year | Tangible NW Ratio | Net Assets (CNY) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 91.8% | CN¥517.33 Million | CN¥42.29 Million | CN¥863.58 Million | ▼ -0.9 pp |
| 2024 | 92.8% | CN¥435.02 Million | CN¥31.52 Million | CN¥508.15 Million | ▲ +0.5 pp |
| 2023 | 92.2% | CN¥455.72 Million | CN¥35.38 Million | CN¥528.37 Million | ▲ +0.3 pp |
| 2022 | 91.9% | CN¥454.95 Million | CN¥36.75 Million | CN¥529.93 Million | ▼ -0.3 pp |
| 2021 | 92.2% | CN¥480.08 Million | CN¥37.56 Million | CN¥549.78 Million | ▼ -2.5 pp |
| 2020 | 94.7% | CN¥446.66 Million | CN¥23.67 Million | CN¥495.26 Million | ▼ -0.5 pp |
| 2019 | 95.2% | CN¥426.78 Million | CN¥20.31 Million | CN¥462.88 Million | ▼ -0.9 pp |
| 2018 | 96.1% | CN¥394.56 Million | CN¥15.28 Million | CN¥438.59 Million | ▲ +0.2 pp |
| 2017 | 95.9% | CN¥379.46 Million | CN¥15.53 Million | CN¥424.84 Million | ▲ +3.1 pp |
| 2016 | 92.8% | CN¥217.58 Million | CN¥15.62 Million | CN¥248.84 Million | ▲ +0.0 pp |
| 2015 | 92.8% | CN¥185.22 Million | CN¥13.33 Million | CN¥221.98 Million | ▲ +1.6 pp |
| 2014 | 91.2% | CN¥155.13 Million | CN¥13.65 Million | CN¥191.04 Million | ▲ +1.9 pp |
| 2013 | 89.3% | CN¥130.29 Million | CN¥13.99 Million | CN¥181.25 Million | ▲ +2.9 pp |
| 2012 | 86.4% | CN¥104.94 Million | CN¥14.29 Million | CN¥171.08 Million | ▲ +5.9 pp |
| 2011 | 80.4% | CN¥74.91 Million | CN¥14.65 Million | CN¥186.42 Million | — |