Shenzhen Xinhao Photoelectricity Technology Co. Ltd (301051) — Working Capital to Net Assets Ratio
Shenzhen Xinhao Photoelectricity Technology Co. Ltd (301051) has a Working Capital to Net Assets ratio of -8.6% as of June 2025. Working capital of CN¥-194.52 Million (current assets of CN¥1.99 Billion minus current liabilities of CN¥2.18 Billion) is measured against net assets of CN¥2.25 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See how leveraged is Shenzhen Xinhao Photoelectricity Technol's balance sheet to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Shenzhen Xinhao Photoelectricity Technology Co. Ltd Working Capital to Net Assets (2019–2024)
This chart shows how Shenzhen Xinhao Photoelectricity Technology Co. Ltd's Working Capital to Net Assets ratio has evolved across 6 annual periods from 2019 to 2024. As of June 2025, the ratio stands at -8.6%, reflecting working capital of CN¥-194.52 Million against net assets of CN¥2.25 Billion CNY. Check tangible equity quality of Shenzhen Xinhao Photoelectricity Technol to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Shenzhen Xinhao Photoelectricity Technology Co. Ltd (2019–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for Shenzhen Xinhao Photoelectricity Technology Co. Ltd from 2019 to 2024, covering 6 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. For live market cap and the full company profile, see Shenzhen Xinhao Photoelectricity Technol market capitalisation.
| Year | WC/NA Ratio | Working Capital (CNY) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | 6.0% | CN¥148.06 Million | CN¥2.48 Billion | CN¥2.39 Billion | CN¥2.24 Billion | ▼ -21.0 pp |
| 2023 | 27.0% | CN¥767.37 Million | CN¥2.84 Billion | CN¥2.59 Billion | CN¥1.83 Billion | ▼ -10.5 pp |
| 2022 | 37.5% | CN¥1.00 Billion | CN¥2.68 Billion | CN¥2.54 Billion | CN¥1.54 Billion | ▼ -12.9 pp |
| 2021 | 50.4% | CN¥1.56 Billion | CN¥3.09 Billion | CN¥2.63 Billion | CN¥1.07 Billion | ▲ +11.2 pp |
| 2020 | 39.2% | CN¥303.29 Million | CN¥773.77 Million | CN¥994.63 Million | CN¥691.34 Million | ▲ +0.2 pp |
| 2019 | 39.0% | CN¥239.01 Million | CN¥613.39 Million | CN¥890.75 Million | CN¥651.74 Million | — |