Zhejiang Xinao Textiles Inc (603889) — Net Asset Quality Index
Zhejiang Xinao Textiles Inc (603889) has a Net Asset Quality Index of 60.0% as of September 2025. This metric measures the proportion of total assets financed by shareholders' equity — total assets of CN¥6.57 Billion minus total liabilities of CN¥2.63 Billion yields net assets of CN¥3.95 Billion. A higher index indicates a stronger, lower-leverage balance sheet. Read 603889 total debt and obligations for a breakdown of total debt and financial obligations.
Quality Index
Net Assets
Total Assets
Total Liabilities
Zhejiang Xinao Textiles Inc Net Asset Quality Index Over Time (2011–2024)
This chart shows how Zhejiang Xinao Textiles Inc's Net Asset Quality Index has evolved across 14 annual periods from 2011 to 2024. As of September 2025, the index stands at 60.0%, representing net assets of CN¥3.95 Billion against total assets of CN¥6.57 Billion CNY. For live market cap and overall valuation, see 603889 market cap.
Annual Net Asset Quality Index for Zhejiang Xinao Textiles Inc (2011–2024)
The table below presents the year-by-year Net Asset Quality Index for Zhejiang Xinao Textiles Inc from 2011 to 2024, covering 14 annual filings. Each row shows total assets, total liabilities, net assets, the quality index percentage, and the change in percentage points compared to the prior year. Check 603889 PP&E to net assets ratio to assess the company's strategic physical and investment asset allocation.
| Year | Quality Index | Net Assets (CNY) | Total Assets | Total Liabilities | Change (pp) |
|---|---|---|---|---|---|
| 2024 | 62.4% | CN¥3.55 Billion | CN¥5.69 Billion | CN¥2.14 Billion | ▲ +4.0 pp |
| 2023 | 58.4% | CN¥3.30 Billion | CN¥5.65 Billion | CN¥2.35 Billion | ▼ -6.9 pp |
| 2022 | 65.2% | CN¥3.03 Billion | CN¥4.65 Billion | CN¥1.61 Billion | ▼ -4.7 pp |
| 2021 | 69.9% | CN¥2.78 Billion | CN¥3.97 Billion | CN¥1.20 Billion | ▼ -8.9 pp |
| 2020 | 78.8% | CN¥2.58 Billion | CN¥3.27 Billion | CN¥693.46 Million | ▲ +1.0 pp |
| 2019 | 77.8% | CN¥2.40 Billion | CN¥3.08 Billion | CN¥684.86 Million | ▼ -0.2 pp |
| 2018 | 78.0% | CN¥2.37 Billion | CN¥3.04 Billion | CN¥667.57 Million | ▼ -5.8 pp |
| 2017 | 83.8% | CN¥2.25 Billion | CN¥2.69 Billion | CN¥435.40 Million | ▲ +10.8 pp |
| 2016 | 73.0% | CN¥1.21 Billion | CN¥1.66 Billion | CN¥449.07 Million | ▼ -4.0 pp |
| 2015 | 77.0% | CN¥1.10 Billion | CN¥1.43 Billion | CN¥329.10 Million | ▲ +15.2 pp |
| 2014 | 61.8% | CN¥1.02 Billion | CN¥1.65 Billion | CN¥630.16 Million | ▲ +17.1 pp |
| 2013 | 44.7% | CN¥502.45 Million | CN¥1.12 Billion | CN¥620.60 Million | ▼ -1.8 pp |
| 2012 | 46.5% | CN¥421.50 Million | CN¥905.57 Million | CN¥484.07 Million | ▲ +6.2 pp |
| 2011 | 40.4% | CN¥363.35 Million | CN¥899.65 Million | CN¥536.30 Million | — |