Guangdong Mingyang Electric Co. Ltd. A (301291) — Working Capital to Net Assets Ratio
Guangdong Mingyang Electric Co. Ltd. A (301291) has a Working Capital to Net Assets ratio of 59.7% as of March 2026. Working capital of CN¥3.02 Billion (current assets of CN¥7.19 Billion minus current liabilities of CN¥4.17 Billion) is measured against net assets of CN¥5.06 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See 301291 equity financing ratio to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Guangdong Mingyang Electric Co. Ltd. A Working Capital to Net Assets (2021–2025)
This chart shows how Guangdong Mingyang Electric Co. Ltd. A's Working Capital to Net Assets ratio has evolved across 5 annual periods from 2021 to 2025. As of March 2026, the ratio stands at 59.7%, reflecting working capital of CN¥3.02 Billion against net assets of CN¥5.06 Billion CNY. Check Guangdong Mingyang Electric Co. Ltd. A tangible equity quality to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Guangdong Mingyang Electric Co. Ltd. A (2021–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Guangdong Mingyang Electric Co. Ltd. A from 2021 to 2025, covering 5 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 301291 market cap.
| Year | WC/NA Ratio | Working Capital (CNY) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 59.9% | CN¥3.02 Billion | CN¥5.04 Billion | CN¥7.37 Billion | CN¥4.35 Billion | ▼ -8.2 pp |
| 2024 | 68.0% | CN¥3.18 Billion | CN¥4.67 Billion | CN¥7.82 Billion | CN¥4.64 Billion | ▼ -8.7 pp |
| 2023 | 76.7% | CN¥3.24 Billion | CN¥4.22 Billion | CN¥6.81 Billion | CN¥3.57 Billion | ▲ +23.3 pp |
| 2022 | 53.4% | CN¥518.59 Million | CN¥970.80 Million | CN¥3.01 Billion | CN¥2.50 Billion | ▲ +2.5 pp |
| 2021 | 50.9% | CN¥357.70 Million | CN¥702.26 Million | CN¥1.97 Billion | CN¥1.61 Billion | — |