Hangzhou Pinming Software Co. Ltd. A (688109) — Tangible Net Worth Ratio
Hangzhou Pinming Software Co. Ltd. A (688109) has a Tangible Net Worth Ratio of 99.8% as of March 2026. This metric is calculated by deducting intangible assets (CN¥1.48 Million) from net assets (CN¥793.22 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. See working capital to net assets of Hangzhou Pinming Software Co. Ltd. A to evaluate short-term liquidity relative to the company's equity base.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Hangzhou Pinming Software Co. Ltd. A Tangible Net Worth Ratio (2013–2025)
This chart shows how Hangzhou Pinming Software Co. Ltd. A's Tangible Net Worth Ratio has changed across 13 annual periods from 2013 to 2025. As of March 2026, the ratio stands at 99.8%, reflecting net assets of CN¥793.22 Million with intangible assets of CN¥1.48 Million CNY. See Hangzhou Pinming Software Co. Ltd. A liquidity coverage in days to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for Hangzhou Pinming Software Co. Ltd. A (2013–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for Hangzhou Pinming Software Co. Ltd. A from 2013 to 2025, covering 13 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 688109 market cap overview.
| Year | Tangible NW Ratio | Net Assets (CNY) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 99.9% | CN¥1.77 Billion | CN¥1.72 Million | CN¥970.14 Million | ▲ +0.2 pp |
| 2024 | 99.7% | CN¥784.39 Million | CN¥2.44 Million | CN¥951.58 Million | ▲ +0.1 pp |
| 2023 | 99.6% | CN¥779.19 Million | CN¥3.17 Million | CN¥911.28 Million | ▼ -0.2 pp |
| 2022 | 99.8% | CN¥821.21 Million | CN¥1.99 Million | CN¥949.50 Million | ▼ 0.0 pp |
| 2021 | 99.8% | CN¥909.78 Million | CN¥2.03 Million | CN¥1.03 Billion | ▼ -0.1 pp |
| 2020 | 99.9% | CN¥279.36 Million | CN¥398.09K | CN¥369.99 Million | ▼ -0.1 pp |
| 2019 | 99.9% | CN¥201.70 Million | CN¥136.82K | CN¥266.82 Million | ▼ 0.0 pp |
| 2018 | 99.9% | CN¥152.32 Million | CN¥94.07K | CN¥201.88 Million | ▼ -0.1 pp |
| 2017 | 100.0% | CN¥112.23 Million | CN¥0.00 | CN¥143.31 Million | ▲ +0.3 pp |
| 2016 | 99.7% | CN¥78.12 Million | CN¥209.32K | CN¥103.68 Million | ▲ +2.0 pp |
| 2015 | 97.7% | CN¥23.58 Million | CN¥531.07K | CN¥35.25 Million | ▼ -2.3 pp |
| 2014 | 100.0% | CN¥5.54 Million | CN¥0.00 | CN¥20.85 Million | ▲ +0.0 pp |
| 2013 | 100.0% | CN¥4.47 Million | CN¥0.00 | CN¥25.07 Million | — |