Zhejiang Xinao Textiles Inc (603889) - Total Assets
Based on the latest financial reports, Zhejiang Xinao Textiles Inc (603889) holds total assets worth CN¥6.57 Billion CNY (≈ $962.06 Million USD) as of September 2025. 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 603889 cash flow reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.
Zhejiang Xinao Textiles Inc - Total Assets Trend (2011–2024)
This chart illustrates how Zhejiang Xinao Textiles Inc's total assets have evolved over time, based on quarterly financial data. Explore 603889 long-term asset investment ratio to see how much of total assets are deployed in long-term investments.
Zhejiang Xinao Textiles Inc - Asset Composition Analysis
Current Asset Composition (December 2024)
Zhejiang Xinao Textiles Inc's total assets of CN¥6.57 Billion consist of 54.5% current assets and 45.5% non-current assets.
| Asset Category | Amount (CNY) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | CN¥0.00 | 9.4% |
| Accounts Receivable | CN¥486.55 Million | 8.6% |
| Inventory | CN¥1.99 Billion | 35.0% |
| Property, Plant & Equipment | CN¥0.00 | 0.0% |
| Intangible Assets | CN¥180.11 Million | 3.2% |
| Goodwill | CN¥0.00 | 0.0% |
Asset Composition Trend (2011–2024)
This chart illustrates how Zhejiang Xinao Textiles Inc'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 603889 market cap.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Zhejiang Xinao Textiles Inc's current assets represent 54.5% of total assets in 2024, a decrease from 67.8% in 2011.
- Cash Position: Cash and equivalents constituted 9.4% of total assets in 2024, down from 19.9% in 2011.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 3.0% of total assets, an increase from 2.0% in 2011.
- Asset Diversification: The largest asset category is inventory at 35.0% of total assets.
Zhejiang Xinao Textiles Inc Competitors by Total Assets
Key competitors of Zhejiang Xinao Textiles Inc based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
TongKun Group Co Ltd
SHG:601233
|
China | CN¥120.89 Billion |
|
Zhejiang Hangmin Co Ltd
SHG:600987
|
China | CN¥11.21 Billion |
|
Zhejiang Yingfeng Technology Co Ltd
SHG:605055
|
China | CN¥2.86 Billion |
|
Annil Co Ltd
SHE:002875
|
China | CN¥1.08 Billion |
|
Suzhou Longjie Special Fiber Co Ltd
SHG:603332
|
China | CN¥1.57 Billion |
|
Hangzhou Wensli Silk Culture Co. Ltd.
SHE:301066
|
China | CN¥1.08 Billion |
|
Hongda High-Tech Holding Co Ltd
SHE:002144
|
China | CN¥2.32 Billion |
|
Argo Pantes Tbk
JK:ARGO
|
Indonesia | Rp1.15 Trillion |
Zhejiang Xinao Textiles Inc - 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 | 2.03 | 2.07 | 2.85 |
| Quick Ratio | 0.98 | 0.99 | 1.60 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | CN¥2.01 Billion | CN¥1.79 Billion | CN¥1.26 Billion |
Zhejiang Xinao Textiles Inc - Advanced Valuation Insights
This section examines the relationship between Zhejiang Xinao Textiles Inc'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 | 1.81 |
| Latest Market Cap to Assets Ratio | 0.11 |
| Asset Growth Rate (YoY) | 0.8% |
| Total Assets | CN¥5.69 Billion |
| Market Capitalization | $636.87 Million USD |
Valuation Analysis
Below Book Valuation: The market values Zhejiang Xinao Textiles Inc's assets below their book value (0.11x), which may indicate investor concerns about asset quality or future growth.
Positive Asset Growth: Zhejiang Xinao Textiles Inc's assets grew by 0.8% over the past year, showing continued investment in the company's operational capacity.
Annual Total Assets for Zhejiang Xinao Textiles Inc (2011–2024)
The table below shows the annual total assets of Zhejiang Xinao Textiles Inc from 2011 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥5.69 Billion ≈ $832.55 Million |
+0.78% |
| 2023-12-31 | CN¥5.65 Billion ≈ $826.08 Million |
+21.51% |
| 2022-12-31 | CN¥4.65 Billion ≈ $679.86 Million |
+16.95% |
| 2021-12-31 | CN¥3.97 Billion ≈ $581.34 Million |
+21.49% |
| 2020-12-31 | CN¥3.27 Billion ≈ $478.49 Million |
+6.07% |
| 2019-12-31 | CN¥3.08 Billion ≈ $451.10 Million |
+1.45% |
| 2018-12-31 | CN¥3.04 Billion ≈ $444.64 Million |
+13.07% |
| 2017-12-31 | CN¥2.69 Billion ≈ $393.24 Million |
+61.77% |
| 2016-12-31 | CN¥1.66 Billion ≈ $243.09 Million |
+16.17% |
| 2015-12-31 | CN¥1.43 Billion ≈ $209.26 Million |
-13.32% |
| 2014-12-31 | CN¥1.65 Billion ≈ $241.42 Million |
+46.91% |
| 2013-12-31 | CN¥1.12 Billion ≈ $164.34 Million |
+24.02% |
| 2012-12-31 | CN¥905.57 Million ≈ $132.51 Million |
+0.66% |
| 2011-12-31 | CN¥899.65 Million ≈ $131.65 Million |
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About Zhejiang Xinao Textiles Inc
Zhejiang Xinao Textiles Inc. engages in the research and development, production, and sale of wool yarn and its intermediate products, wool tops, and cashmere yarns in China. It offers worsted and woolen pure wool, and wool blended yarns; and worsted and woolen pure cashmere, and cashmere blended yarns. The company's products are used in cashmere sweaters, wool sweaters, wool underwear, wool t-sh… Read more