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. Also explore 603580 year-over-year net asset growth to track the company's year-over-year net asset growth rate.
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. For live market cap and overall valuation, see AA Industrial Belting stock valuation.
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. Explore AA Industrial Belting capital reinvestment 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) |
|---|---|---|---|---|---|
| 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 | — |