Red Avenue New Materials Group Co Ltd Tangible Net Worth Ratio
Red Avenue New Materials Group Co Ltd tangible net worth ratio. Red Avenue New Materials Group Co Ltd (603650) has a Tangible Net Worth Ratio of 91.1% as of March 2026. This metric is calculated by deducting intangible assets (CN¥391.95 Million) from net assets (CN¥4.41 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. Check strategic asset allocation of Red Avenue New Materials Group Co Ltd to assess the company's strategic physical and investment asset allocation.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Tangible Net Worth Ratio of Red Avenue New Materials Group Co Ltd (2014–2025)
Tangible net worth ratio of Red Avenue New Materials Group Co Ltd from 2014 to 2025. This chart shows how Red Avenue New Materials Group Co Ltd's Tangible Net Worth Ratio has changed across 12 annual periods from 2014 to 2025. As of March 2026, the ratio stands at 91.1%, reflecting net assets of CN¥4.41 Billion with intangible assets of CN¥391.95 Million CNY. See working capital to net assets of Red Avenue New Materials Group Co Ltd to evaluate short-term liquidity relative to the company's equity base.
Red Avenue New Materials Group Co Ltd Tangible Net Worth Ratio by Year (2014–2025)
Red Avenue New Materials Group Co Ltd tangible net worth ratio by year from 2014 to 2025. The table below presents the year-by-year Tangible Net Worth Ratio for Red Avenue New Materials Group Co Ltd from 2014 to 2025, 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. For live market cap and overall valuation, see 603650 market cap.
| Year | Tangible NW Ratio | Net Assets (CNY) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 90.6% | CN¥4.26 Billion | CN¥400.30 Million | CN¥9.22 Billion | ▲ +3.0 pp |
| 2024 | 87.6% | CN¥3.46 Billion | CN¥430.16 Million | CN¥8.41 Billion | ▼ -2.1 pp |
| 2023 | 89.6% | CN¥3.50 Billion | CN¥363.38 Million | CN¥7.33 Billion | ▲ +1.5 pp |
| 2022 | 88.2% | CN¥3.14 Billion | CN¥372.12 Million | CN¥6.86 Billion | ▼ -0.6 pp |
| 2021 | 88.7% | CN¥2.84 Billion | CN¥321.05 Million | CN¥5.98 Billion | ▼ -6.7 pp |
| 2020 | 95.4% | CN¥2.61 Billion | CN¥120.40 Million | CN¥4.58 Billion | ▲ +0.5 pp |
| 2019 | 94.9% | CN¥2.42 Billion | CN¥123.32 Million | CN¥4.09 Billion | ▲ +3.8 pp |
| 2018 | 91.1% | CN¥2.31 Billion | CN¥205.43 Million | CN¥3.17 Billion | ▼ -2.8 pp |
| 2017 | 93.9% | CN¥1.20 Billion | CN¥73.49 Million | CN¥1.88 Billion | ▲ +1.3 pp |
| 2016 | 92.6% | CN¥1.03 Billion | CN¥76.37 Million | CN¥1.66 Billion | ▲ +10.9 pp |
| 2015 | 81.7% | CN¥424.76 Million | CN¥77.83 Million | CN¥1.43 Billion | ▼ -1.0 pp |
| 2014 | 82.6% | CN¥540.20 Million | CN¥93.82 Million | CN¥1.37 Billion | — |