Xingguang Agricultural Mach (603789) — Tangible Net Worth Ratio
Xingguang Agricultural Mach (603789) has a Tangible Net Worth Ratio of 84.9% as of September 2025. This metric is calculated by deducting intangible assets (CN¥38.59 Million) from net assets (CN¥255.30 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 how fast is Xingguang Agricultural Mach growing its equity to track the company's year-over-year net asset growth rate.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Xingguang Agricultural Mach Tangible Net Worth Ratio (2011–2024)
This chart shows how Xingguang Agricultural Mach's Tangible Net Worth Ratio has changed across 14 annual periods from 2011 to 2024. As of September 2025, the ratio stands at 84.9%, reflecting net assets of CN¥255.30 Million with intangible assets of CN¥38.59 Million CNY. For live market cap and overall valuation, see 603789 market cap.
Annual Tangible Net Worth Ratio for Xingguang Agricultural Mach (2011–2024)
The table below presents the year-by-year Tangible Net Worth Ratio for Xingguang Agricultural Mach from 2011 to 2024, 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 Xingguang Agricultural Mach (603789) 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) |
|---|---|---|---|---|---|
| 2024 | 72.9% | CN¥283.84 Million | CN¥76.97 Million | CN¥1.16 Billion | ▼ -7.7 pp |
| 2023 | 80.6% | CN¥463.59 Million | CN¥89.99 Million | CN¥1.30 Billion | ▼ -2.4 pp |
| 2022 | 83.0% | CN¥513.46 Million | CN¥87.25 Million | CN¥1.08 Billion | ▼ -3.7 pp |
| 2021 | 86.7% | CN¥662.92 Million | CN¥88.19 Million | CN¥1.33 Billion | ▼ -2.8 pp |
| 2020 | 89.5% | CN¥876.28 Million | CN¥92.34 Million | CN¥1.40 Billion | ▼ -1.8 pp |
| 2019 | 91.3% | CN¥1.11 Billion | CN¥97.34 Million | CN¥1.72 Billion | ▲ +1.3 pp |
| 2018 | 90.0% | CN¥1.10 Billion | CN¥110.13 Million | CN¥1.62 Billion | ▲ +0.3 pp |
| 2017 | 89.6% | CN¥1.13 Billion | CN¥117.62 Million | CN¥1.47 Billion | ▼ -4.0 pp |
| 2016 | 93.6% | CN¥1.11 Billion | CN¥70.70 Million | CN¥1.55 Billion | ▼ -1.9 pp |
| 2015 | 95.5% | CN¥1.03 Billion | CN¥46.18 Million | CN¥1.12 Billion | ▲ +4.4 pp |
| 2014 | 91.2% | CN¥532.36 Million | CN¥47.10 Million | CN¥832.36 Million | ▲ +1.1 pp |
| 2013 | 90.0% | CN¥484.22 Million | CN¥48.20 Million | CN¥668.32 Million | ▲ +2.6 pp |
| 2012 | 87.4% | CN¥390.08 Million | CN¥49.14 Million | CN¥720.12 Million | ▼ -8.5 pp |
| 2011 | 95.9% | CN¥292.28 Million | CN¥11.88 Million | CN¥501.83 Million | — |