Beibu Gulf Tourism Corp Ltd (603869) — Tangible Net Worth Ratio
Beibu Gulf Tourism Corp Ltd (603869) has a Tangible Net Worth Ratio of 95.9% as of March 2026. This metric is calculated by deducting intangible assets (CN¥154.98 Million) from net assets (CN¥3.77 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. See 603869 working capital efficiency to evaluate short-term liquidity relative to the company's equity base.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Beibu Gulf Tourism Corp Ltd Tangible Net Worth Ratio (2011–2025)
This chart shows how Beibu Gulf Tourism Corp Ltd's Tangible Net Worth Ratio has changed across 15 annual periods from 2011 to 2025. As of March 2026, the ratio stands at 95.9%, reflecting net assets of CN¥3.77 Billion with intangible assets of CN¥154.98 Million CNY. See Beibu Gulf Tourism Corp Ltd (603869) defensive interval to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for Beibu Gulf Tourism Corp Ltd (2011–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for Beibu Gulf Tourism Corp Ltd 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. For the full company profile including market capitalisation, see 603869 market cap.
| Year | Tangible NW Ratio | Net Assets (CNY) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 96.0% | CN¥3.77 Billion | CN¥150.14 Million | CN¥4.64 Billion | ▼ -0.9 pp |
| 2024 | 97.0% | CN¥3.74 Billion | CN¥113.88 Million | CN¥4.62 Billion | ▲ +1.6 pp |
| 2023 | 95.3% | CN¥3.85 Billion | CN¥179.44 Million | CN¥5.00 Billion | ▲ +0.9 pp |
| 2022 | 94.5% | CN¥4.00 Billion | CN¥221.85 Million | CN¥4.87 Billion | ▲ +1.0 pp |
| 2021 | 93.5% | CN¥4.01 Billion | CN¥262.11 Million | CN¥5.10 Billion | ▼ -0.3 pp |
| 2020 | 93.8% | CN¥3.99 Billion | CN¥248.23 Million | CN¥6.41 Billion | ▲ +2.1 pp |
| 2019 | 91.7% | CN¥4.00 Billion | CN¥331.45 Million | CN¥7.14 Billion | ▼ -2.2 pp |
| 2018 | 93.9% | CN¥4.00 Billion | CN¥243.34 Million | CN¥6.93 Billion | ▼ -1.7 pp |
| 2017 | 95.7% | CN¥3.79 Billion | CN¥164.11 Million | CN¥6.16 Billion | ▼ -0.6 pp |
| 2016 | 96.3% | CN¥3.61 Billion | CN¥134.88 Million | CN¥5.19 Billion | ▲ +1.1 pp |
| 2015 | 95.2% | CN¥771.97 Million | CN¥37.21 Million | CN¥926.67 Million | ▲ +3.4 pp |
| 2014 | 91.8% | CN¥466.08 Million | CN¥38.33 Million | CN¥612.32 Million | ▲ +0.9 pp |
| 2013 | 90.8% | CN¥430.40 Million | CN¥39.48 Million | CN¥641.71 Million | ▲ +1.2 pp |
| 2012 | 89.6% | CN¥388.70 Million | CN¥40.36 Million | CN¥793.76 Million | ▲ +1.2 pp |
| 2011 | 88.5% | CN¥352.04 Million | CN¥40.62 Million | CN¥573.91 Million | — |