SEC Electric Mach Co Ltd (603988) — Tangible Net Worth Ratio
SEC Electric Mach Co Ltd (603988) has a Tangible Net Worth Ratio of 96.2% as of September 2025. This metric is calculated by deducting intangible assets (CN¥25.64 Million) from net assets (CN¥671.20 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 SEC Electric Mach Co Ltd annual equity growth to track the company's year-over-year net asset growth rate.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
SEC Electric Mach Co Ltd Tangible Net Worth Ratio (2011–2024)
This chart shows how SEC Electric Mach Co Ltd's Tangible Net Worth Ratio has changed across 14 annual periods from 2011 to 2024. As of September 2025, the ratio stands at 96.2%, reflecting net assets of CN¥671.20 Million with intangible assets of CN¥25.64 Million CNY. For live market cap and overall valuation, see 603988 market cap overview.
Annual Tangible Net Worth Ratio for SEC Electric Mach Co Ltd (2011–2024)
The table below presents the year-by-year Tangible Net Worth Ratio for SEC Electric Mach Co Ltd 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 SEC Electric Mach Co Ltd capital spending 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 | 95.9% | CN¥641.39 Million | CN¥26.52 Million | CN¥1.12 Billion | ▼ -0.2 pp |
| 2023 | 96.1% | CN¥664.59 Million | CN¥25.92 Million | CN¥1.11 Billion | ▲ +0.3 pp |
| 2022 | 95.8% | CN¥633.31 Million | CN¥26.74 Million | CN¥1.18 Billion | ▲ +0.4 pp |
| 2021 | 95.3% | CN¥591.73 Million | CN¥27.56 Million | CN¥1.21 Billion | ▼ -0.9 pp |
| 2020 | 96.3% | CN¥756.68 Million | CN¥28.37 Million | CN¥1.27 Billion | ▲ +0.5 pp |
| 2019 | 95.8% | CN¥694.84 Million | CN¥29.19 Million | CN¥1.05 Billion | ▲ +0.3 pp |
| 2018 | 95.5% | CN¥671.92 Million | CN¥30.01 Million | CN¥959.75 Million | ▲ +0.2 pp |
| 2017 | 95.4% | CN¥667.13 Million | CN¥30.83 Million | CN¥908.33 Million | ▲ +0.3 pp |
| 2016 | 95.1% | CN¥646.05 Million | CN¥31.65 Million | CN¥835.87 Million | ▲ +0.2 pp |
| 2015 | 94.9% | CN¥635.75 Million | CN¥32.53 Million | CN¥806.44 Million | ▲ +0.4 pp |
| 2014 | 94.5% | CN¥608.98 Million | CN¥33.45 Million | CN¥801.30 Million | ▲ +6.5 pp |
| 2013 | 88.0% | CN¥287.42 Million | CN¥34.40 Million | CN¥535.33 Million | ▲ +3.6 pp |
| 2012 | 84.5% | CN¥227.58 Million | CN¥35.36 Million | CN¥471.59 Million | ▲ +5.0 pp |
| 2011 | 79.4% | CN¥174.79 Million | CN¥35.97 Million | CN¥492.44 Million | — |