Hoymiles Power Electronics Inc (688032) — Tangible Net Worth Ratio
Hoymiles Power Electronics Inc (688032) has a Tangible Net Worth Ratio of 94.3% as of September 2025. This metric is calculated by deducting intangible assets (CN¥332.68 Million) from net assets (CN¥5.83 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 688032 total equity for net asset value and shareholders' equity analysis.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Hoymiles Power Electronics Inc Tangible Net Worth Ratio (2017–2024)
This chart shows how Hoymiles Power Electronics Inc's Tangible Net Worth Ratio has changed across 8 annual periods from 2017 to 2024. As of September 2025, the ratio stands at 94.3%, reflecting net assets of CN¥5.83 Billion with intangible assets of CN¥332.68 Million CNY. Also explore 688032 year-over-year net asset growth to track the company's year-over-year net asset growth rate.
Annual Tangible Net Worth Ratio for Hoymiles Power Electronics Inc (2017–2024)
The table below presents the year-by-year Tangible Net Worth Ratio for Hoymiles Power Electronics Inc from 2017 to 2024, covering 8 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 Hoymiles Power Electronics Inc market cap and net worth.
| Year | Tangible NW Ratio | Net Assets (CNY) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2024 | 94.3% | CN¥6.36 Billion | CN¥359.40 Million | CN¥8.33 Billion | ▼ -2.4 pp |
| 2023 | 96.7% | CN¥6.38 Billion | CN¥209.03 Million | CN¥7.23 Billion | ▼ -3.0 pp |
| 2022 | 99.7% | CN¥6.41 Billion | CN¥17.85 Million | CN¥7.32 Billion | ▲ +0.0 pp |
| 2021 | 99.7% | CN¥5.99 Billion | CN¥17.33 Million | CN¥6.42 Billion | ▲ +4.3 pp |
| 2020 | 95.4% | CN¥377.15 Million | CN¥17.23 Million | CN¥686.90 Million | ▼ -1.1 pp |
| 2019 | 96.5% | CN¥274.38 Million | CN¥9.52 Million | CN¥552.09 Million | ▲ +1.5 pp |
| 2018 | 95.1% | CN¥205.84 Million | CN¥10.16 Million | CN¥1.10 Billion | ▼ -1.5 pp |
| 2017 | 96.6% | CN¥195.73 Million | CN¥6.73 Million | CN¥452.03 Million | — |