Red Avenue New Materials Group Co Ltd (603650) — 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. Also explore net asset growth rate of Red Avenue New Materials Group Co Ltd to track the company's year-over-year net asset growth rate.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Red Avenue New Materials Group Co Ltd Tangible Net Worth Ratio (2014–2025)
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. For live market cap and overall valuation, see Red Avenue New Materials Group Co Ltd market cap and net worth.
Annual Tangible Net Worth Ratio for Red Avenue New Materials Group Co Ltd (2014–2025)
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. Explore 603650 capex to operating 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) |
|---|---|---|---|---|---|
| 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 | — |