Changzhou Xiangming Intelligent Drive System Corporation (301226) — Working Capital to Net Assets Ratio
Changzhou Xiangming Intelligent Drive System Corporation (301226) has a Working Capital to Net Assets ratio of 65.9% as of June 2026. Working capital of CN¥601.32 Million (current assets of CN¥738.44 Million minus current liabilities of CN¥137.12 Million) is measured against net assets of CN¥912.42 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See defensive interval ratio of Changzhou Xiangming Intelligent Drive Sy to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Changzhou Xiangming Intelligent Drive System Corporation Working Capital to Net Assets (2019–2025)
This chart shows how Changzhou Xiangming Intelligent Drive System Corporation's Working Capital to Net Assets ratio has evolved across 7 annual periods from 2019 to 2025. As of June 2026, the ratio stands at 65.9%, reflecting working capital of CN¥601.32 Million against net assets of CN¥912.42 Million CNY. For the complete balance sheet picture, see Changzhou Xiangming Intelligent Drive Sy (301226) total assets.
Annual Working Capital to Net Assets for Changzhou Xiangming Intelligent Drive System Corporation (2019–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Changzhou Xiangming Intelligent Drive System Corporation from 2019 to 2025, covering 7 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. Check Changzhou Xiangming Intelligent Drive Sy (301226) asset resilience to evaluate the company's liquid asset resilience ratio.
| Year | WC/NA Ratio | Working Capital (CNY) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 66.0% | CN¥602.25 Million | CN¥912.87 Million | CN¥722.72 Million | CN¥120.47 Million | ▼ -2.5 pp |
| 2024 | 68.4% | CN¥617.04 Million | CN¥901.50 Million | CN¥726.13 Million | CN¥109.09 Million | ▲ +3.9 pp |
| 2023 | 64.6% | CN¥583.76 Million | CN¥904.24 Million | CN¥721.83 Million | CN¥138.07 Million | ▼ -10.0 pp |
| 2022 | 74.5% | CN¥673.69 Million | CN¥903.78 Million | CN¥839.49 Million | CN¥165.80 Million | ▲ +13.6 pp |
| 2021 | 60.9% | CN¥270.46 Million | CN¥443.99 Million | CN¥482.60 Million | CN¥212.14 Million | ▼ -5.3 pp |
| 2020 | 66.3% | CN¥252.77 Million | CN¥381.45 Million | CN¥406.97 Million | CN¥154.20 Million | ▼ -3.2 pp |
| 2019 | 69.4% | CN¥240.55 Million | CN¥346.40 Million | CN¥376.13 Million | CN¥135.57 Million | — |