Zhejiang Taihua New Material (603055) - Total Assets
Based on the latest financial reports, Zhejiang Taihua New Material (603055) holds total assets worth CN¥11.56 Billion CNY (≈ $1.69 Billion USD) as of March 2026. Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments. Check Zhejiang Taihua New Material cash flow reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.
Zhejiang Taihua New Material - Total Assets Trend (2012–2025)
This chart illustrates how Zhejiang Taihua New Material's total assets have evolved over time, based on quarterly financial data. Check how high is Zhejiang Taihua New Material's earnings quality to evaluate the quality of earnings relative to operating cash generation.
Zhejiang Taihua New Material - Asset Composition Analysis
Current Asset Composition (December 2025)
Zhejiang Taihua New Material's total assets of CN¥11.56 Billion consist of 39.5% current assets and 60.5% non-current assets.
| Asset Category | Amount (CNY) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | CN¥0.00 | 6.6% |
| Accounts Receivable | CN¥1.04 Billion | 9.2% |
| Inventory | CN¥2.18 Billion | 19.2% |
| Property, Plant & Equipment | CN¥0.00 | 0.0% |
| Intangible Assets | CN¥452.41 Million | 4.0% |
| Goodwill | CN¥0.00 | 0.0% |
Asset Composition Trend (2012–2025)
This chart illustrates how Zhejiang Taihua New Material's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution. For live market cap, price, and company overview, see Zhejiang Taihua New Material (603055) market capitalisation.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Zhejiang Taihua New Material's current assets represent 39.5% of total assets in 2025, a decrease from 51.1% in 2012.
- Cash Position: Cash and equivalents constituted 6.6% of total assets in 2025, down from 11.2% in 2012.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 3.0% of total assets, a decrease from 4.0% in 2012.
- Asset Diversification: The largest asset category is inventory at 19.2% of total assets.
Zhejiang Taihua New Material Competitors by Total Assets
Key competitors of Zhejiang Taihua New Material based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Sunvim Group Co Ltd
SHE:002083
|
China | CN¥7.82 Billion |
|
Lu Thai Textile Co Ltd
SHE:000726
|
China | CN¥14.17 Billion |
|
Shenzhen Huijie Group Co Ltd
SHE:002763
|
China | CN¥2.74 Billion |
|
Wuhu Fuchun Dye and Weave Co.Ltd.
SHG:605189
|
China | CN¥5.13 Billion |
|
Guangdong Modern High Tech Fiber Co
SHE:300876
|
China | CN¥1.78 Billion |
|
Yunsa Yunlu Sanayi ve Ticaret AS
IS:YUNSA
|
Turkey | TL6.08 Billion |
|
GHCL TEXTILES LTD
NSE:GHCLTEXTIL
|
India | Rs17.10 Billion |
|
Wisher Industrial Co Ltd
TW:1465
|
Taiwan | NT$1.75 Billion |
Zhejiang Taihua New Material - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 1.13 | 1.23 | 1.60 |
| Quick Ratio | 0.56 | 0.57 | 0.87 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | CN¥518.96 Million | CN¥919.90 Million | CN¥1.14 Billion |
Zhejiang Taihua New Material - Advanced Valuation Insights
This section examines the relationship between Zhejiang Taihua New Material's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 1.50 |
| Latest Market Cap to Assets Ratio | 0.09 |
| Asset Growth Rate (YoY) | -3.6% |
| Total Assets | CN¥11.36 Billion |
| Market Capitalization | $1.03 Billion USD |
Valuation Analysis
Below Book Valuation: The market values Zhejiang Taihua New Material's assets below their book value (0.09x), which may indicate investor concerns about asset quality or future growth.
Slight Asset Contraction: Zhejiang Taihua New Material's assets decreased by 3.6% over the past year, which may reflect streamlining or optimization of resources.
Annual Total Assets for Zhejiang Taihua New Material (2012–2025)
The table below shows the annual total assets of Zhejiang Taihua New Material from 2012 to 2025.
| Year | Total Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥11.36 Billion ≈ $1.66 Billion |
-3.58% |
| 2024-12-31 | CN¥11.78 Billion ≈ $1.72 Billion |
+11.60% |
| 2023-12-31 | CN¥10.56 Billion ≈ $1.55 Billion |
+39.20% |
| 2022-12-31 | CN¥7.59 Billion ≈ $1.11 Billion |
+18.02% |
| 2021-12-31 | CN¥6.43 Billion ≈ $940.60 Million |
+17.88% |
| 2020-12-31 | CN¥5.45 Billion ≈ $797.95 Million |
+18.75% |
| 2019-12-31 | CN¥4.59 Billion ≈ $671.96 Million |
+6.11% |
| 2018-12-31 | CN¥4.33 Billion ≈ $633.25 Million |
+30.88% |
| 2017-12-31 | CN¥3.31 Billion ≈ $483.84 Million |
+12.60% |
| 2016-12-31 | CN¥2.94 Billion ≈ $429.67 Million |
-6.18% |
| 2015-12-31 | CN¥3.13 Billion ≈ $457.96 Million |
-9.39% |
| 2014-12-31 | CN¥3.45 Billion ≈ $505.41 Million |
-4.31% |
| 2013-12-31 | CN¥3.61 Billion ≈ $528.20 Million |
+12.25% |
| 2012-12-31 | CN¥3.22 Billion ≈ $470.57 Million |
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About Zhejiang Taihua New Material
Zhejiang Taihua New Material Group Co., Ltd. engages in research, development, spinning, weaving, dyeing, finishing, and selling of environmental protection and health, outdoor sports, special protection, and other fabrics in the People's Republic of China. The company offers cool, antibacterial, hygroscopic and sweat releasing, recycled environment-friendly, nylon mechanical stretch, air texture… Read more