Shanghai Smith Adhesive New (603683) — Tangible Net Worth Ratio
Shanghai Smith Adhesive New (603683) has a Tangible Net Worth Ratio of 95.3% as of March 2026. This metric is calculated by deducting intangible assets (CN¥80.29 Million) from net assets (CN¥1.71 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 603683 shareholders equity momentum to track the company's year-over-year net asset growth rate.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Shanghai Smith Adhesive New Tangible Net Worth Ratio (2012–2025)
This chart shows how Shanghai Smith Adhesive New's Tangible Net Worth Ratio has changed across 14 annual periods from 2012 to 2025. As of March 2026, the ratio stands at 95.3%, reflecting net assets of CN¥1.71 Billion with intangible assets of CN¥80.29 Million CNY. For live market cap and overall valuation, see 603683 company net worth.
Annual Tangible Net Worth Ratio for Shanghai Smith Adhesive New (2012–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for Shanghai Smith Adhesive New from 2012 to 2025, covering 14 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 Shanghai Smith Adhesive New 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) |
|---|---|---|---|---|---|
| 2025 | 95.1% | CN¥1.66 Billion | CN¥80.98 Million | CN¥3.16 Billion | ▲ +0.9 pp |
| 2024 | 94.3% | CN¥1.34 Billion | CN¥76.59 Million | CN¥2.56 Billion | ▲ +2.5 pp |
| 2023 | 91.7% | CN¥1.29 Billion | CN¥106.38 Million | CN¥2.13 Billion | ▲ +0.5 pp |
| 2022 | 91.2% | CN¥1.01 Billion | CN¥89.15 Million | CN¥1.84 Billion | ▲ +0.5 pp |
| 2021 | 90.7% | CN¥988.12 Million | CN¥91.70 Million | CN¥1.76 Billion | ▲ +1.3 pp |
| 2020 | 89.5% | CN¥962.00 Million | CN¥101.42 Million | CN¥1.65 Billion | ▲ +2.2 pp |
| 2019 | 87.3% | CN¥826.43 Million | CN¥104.96 Million | CN¥1.51 Billion | ▼ -4.1 pp |
| 2018 | 91.4% | CN¥809.64 Million | CN¥69.92 Million | CN¥1.33 Billion | ▲ +0.5 pp |
| 2017 | 90.9% | CN¥785.60 Million | CN¥71.78 Million | CN¥1.16 Billion | ▲ +6.0 pp |
| 2016 | 84.9% | CN¥486.33 Million | CN¥73.41 Million | CN¥697.04 Million | ▼ -10.0 pp |
| 2015 | 94.9% | CN¥421.01 Million | CN¥21.30 Million | CN¥562.25 Million | ▲ +3.2 pp |
| 2014 | 91.7% | CN¥264.06 Million | CN¥21.85 Million | CN¥491.89 Million | ▲ +2.5 pp |
| 2013 | 89.2% | CN¥203.20 Million | CN¥21.88 Million | CN¥438.10 Million | ▲ +5.9 pp |
| 2012 | 83.4% | CN¥134.46 Million | CN¥22.36 Million | CN¥393.28 Million | — |