Guizhou Zhenhua Fengguang Semiconductor Co. Ltd. A (688439) — Tangible Net Worth Ratio
Guizhou Zhenhua Fengguang Semiconductor Co. Ltd. A (688439) has a Tangible Net Worth Ratio of 98.6% as of March 2026. This metric is calculated by deducting intangible assets (CN¥71.85 Million) from net assets (CN¥5.06 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 working capital to net assets of Guizhou Zhenhua Fengguang Semiconductor to evaluate short-term liquidity relative to the company's equity base.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Guizhou Zhenhua Fengguang Semiconductor Co. Ltd. A Tangible Net Worth Ratio (2020–2025)
This chart shows how Guizhou Zhenhua Fengguang Semiconductor Co. Ltd. A's Tangible Net Worth Ratio has changed across 6 annual periods from 2020 to 2025. As of March 2026, the ratio stands at 98.6%, reflecting net assets of CN¥5.06 Billion with intangible assets of CN¥71.85 Million CNY. See Guizhou Zhenhua Fengguang Semiconductor defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for Guizhou Zhenhua Fengguang Semiconductor Co. Ltd. A (2020–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for Guizhou Zhenhua Fengguang Semiconductor Co. Ltd. A from 2020 to 2025, covering 6 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 Guizhou Zhenhua Fengguang Semiconductor .
| Year | Tangible NW Ratio | Net Assets (CNY) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 98.6% | CN¥5.08 Billion | CN¥72.57 Million | CN¥5.61 Billion | ▲ +0.1 pp |
| 2024 | 98.5% | CN¥4.99 Billion | CN¥76.86 Million | CN¥5.48 Billion | ▼ -1.1 pp |
| 2023 | 99.6% | CN¥4.77 Billion | CN¥19.81 Million | CN¥5.36 Billion | ▼ -0.3 pp |
| 2022 | 99.9% | CN¥4.24 Billion | CN¥4.82 Million | CN¥4.82 Billion | ▲ +0.4 pp |
| 2021 | 99.5% | CN¥632.67 Million | CN¥3.37 Million | CN¥1.27 Billion | ▲ +1.1 pp |
| 2020 | 98.4% | CN¥241.13 Million | CN¥3.86 Million | CN¥718.13 Million | — |