Zhejiang Xinao Textiles Inc (603889) — Tangible Net Worth Ratio
Zhejiang Xinao Textiles Inc (603889) has a Tangible Net Worth Ratio of 95.5% as of September 2025. This metric is calculated by deducting intangible assets (CN¥176.35 Million) from net assets (CN¥3.95 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 603889 net working capital ratio to evaluate short-term liquidity relative to the company's equity base.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Zhejiang Xinao Textiles Inc Tangible Net Worth Ratio (2011–2024)
This chart shows how Zhejiang Xinao Textiles Inc's Tangible Net Worth Ratio has changed across 14 annual periods from 2011 to 2024. As of September 2025, the ratio stands at 95.5%, reflecting net assets of CN¥3.95 Billion with intangible assets of CN¥176.35 Million CNY. See Zhejiang Xinao Textiles Inc (603889) liquidity interval to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for Zhejiang Xinao Textiles Inc (2011–2024)
The table below presents the year-by-year Tangible Net Worth Ratio for Zhejiang Xinao Textiles Inc 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. For the full company profile including market capitalisation, see market value of Zhejiang Xinao Textiles Inc.
| Year | Tangible NW Ratio | Net Assets (CNY) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2024 | 94.9% | CN¥3.55 Billion | CN¥180.11 Million | CN¥5.69 Billion | ▲ +0.5 pp |
| 2023 | 94.4% | CN¥3.30 Billion | CN¥185.16 Million | CN¥5.65 Billion | ▼ -2.4 pp |
| 2022 | 96.8% | CN¥3.03 Billion | CN¥97.72 Million | CN¥4.65 Billion | ▲ +0.3 pp |
| 2021 | 96.4% | CN¥2.78 Billion | CN¥98.72 Million | CN¥3.97 Billion | ▲ +0.3 pp |
| 2020 | 96.1% | CN¥2.58 Billion | CN¥100.51 Million | CN¥3.27 Billion | ▲ +0.1 pp |
| 2019 | 96.0% | CN¥2.40 Billion | CN¥95.30 Million | CN¥3.08 Billion | ▼ -0.8 pp |
| 2018 | 96.8% | CN¥2.37 Billion | CN¥75.64 Million | CN¥3.04 Billion | ▲ +0.3 pp |
| 2017 | 96.6% | CN¥2.25 Billion | CN¥77.68 Million | CN¥2.69 Billion | ▲ +3.1 pp |
| 2016 | 93.4% | CN¥1.21 Billion | CN¥79.46 Million | CN¥1.66 Billion | ▲ +0.6 pp |
| 2015 | 92.8% | CN¥1.10 Billion | CN¥79.26 Million | CN¥1.43 Billion | ▼ -0.6 pp |
| 2014 | 93.4% | CN¥1.02 Billion | CN¥67.65 Million | CN¥1.65 Billion | ▼ -1.5 pp |
| 2013 | 94.9% | CN¥502.45 Million | CN¥25.56 Million | CN¥1.12 Billion | ▲ +1.1 pp |
| 2012 | 93.8% | CN¥421.50 Million | CN¥25.93 Million | CN¥905.57 Million | ▲ +1.0 pp |
| 2011 | 92.8% | CN¥363.35 Million | CN¥26.17 Million | CN¥899.65 Million | — |