China National Electric Apparatus R (688128) — Tangible Net Worth Ratio
China National Electric Apparatus R (688128) has a Tangible Net Worth Ratio of 94.7% as of March 2026. This metric is calculated by deducting intangible assets (CN¥193.36 Million) from net assets (CN¥3.63 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 688128 current assets to equity ratio to evaluate short-term liquidity relative to the company's equity base.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
China National Electric Apparatus R Tangible Net Worth Ratio (2016–2025)
This chart shows how China National Electric Apparatus R's Tangible Net Worth Ratio has changed across 10 annual periods from 2016 to 2025. As of March 2026, the ratio stands at 94.7%, reflecting net assets of CN¥3.63 Billion with intangible assets of CN¥193.36 Million CNY. See defensive interval ratio of China National Electric Apparatus R to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for China National Electric Apparatus R (2016–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for China National Electric Apparatus R from 2016 to 2025, covering 10 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 China National Electric Apparatus R.
| Year | Tangible NW Ratio | Net Assets (CNY) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 98.4% | CN¥11.86 Billion | CN¥195.47 Million | CN¥8.42 Billion | ▲ +3.3 pp |
| 2024 | 95.1% | CN¥3.25 Billion | CN¥160.68 Million | CN¥7.41 Billion | ▲ +0.7 pp |
| 2023 | 94.4% | CN¥2.96 Billion | CN¥165.69 Million | CN¥7.38 Billion | ▼ -1.8 pp |
| 2022 | 96.2% | CN¥2.68 Billion | CN¥100.97 Million | CN¥6.25 Billion | ▲ +0.3 pp |
| 2021 | 95.9% | CN¥2.46 Billion | CN¥100.41 Million | CN¥4.85 Billion | ▲ +0.3 pp |
| 2020 | 95.6% | CN¥2.32 Billion | CN¥101.67 Million | CN¥3.99 Billion | ▲ +0.5 pp |
| 2019 | 95.1% | CN¥2.16 Billion | CN¥104.63 Million | CN¥3.54 Billion | ▲ +4.9 pp |
| 2018 | 90.2% | CN¥1.04 Billion | CN¥101.50 Million | CN¥2.64 Billion | ▲ +0.3 pp |
| 2017 | 89.9% | CN¥997.44 Million | CN¥100.55 Million | CN¥2.39 Billion | ▲ +11.5 pp |
| 2016 | 78.5% | CN¥381.38 Million | CN¥82.12 Million | CN¥1.81 Billion | — |