China United Network Communications Ltd (600050) — Working Capital to Net Assets Ratio
China United Network Communications Ltd (600050) has a Working Capital to Net Assets ratio of -22.5% as of September 2025. Working capital of CN¥-85.29 Billion (current assets of CN¥174.31 Billion minus current liabilities of CN¥259.59 Billion) is measured against net assets of CN¥379.66 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See China United Network Communications Ltd balance sheet quality to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
China United Network Communications Ltd Working Capital to Net Assets (1999–2024)
This chart shows how China United Network Communications Ltd's Working Capital to Net Assets ratio has evolved across 26 annual periods from 1999 to 2024. As of September 2025, the ratio stands at -22.5%, reflecting working capital of CN¥-85.29 Billion against net assets of CN¥379.66 Billion CNY. Check tangible net worth ratio of China United Network Communications Ltd to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for China United Network Communications Ltd (1999–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for China United Network Communications Ltd from 1999 to 2024, covering 26 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 China United Network Communications Ltd market cap and net worth.
| Year | WC/NA Ratio | Working Capital (CNY) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | -29.1% | CN¥-107.17 Billion | CN¥368.79 Billion | CN¥158.81 Billion | CN¥265.98 Billion | ▼ -0.5 pp |
| 2023 | -28.6% | CN¥-102.26 Billion | CN¥357.94 Billion | CN¥158.03 Billion | CN¥260.29 Billion | ▲ +0.7 pp |
| 2022 | -29.3% | CN¥-101.72 Billion | CN¥347.27 Billion | CN¥146.27 Billion | CN¥247.98 Billion | ▲ +3.1 pp |
| 2021 | -32.4% | CN¥-108.89 Billion | CN¥336.21 Billion | CN¥126.25 Billion | CN¥235.14 Billion | ▲ +1.9 pp |
| 2020 | -34.3% | CN¥-113.59 Billion | CN¥331.47 Billion | CN¥108.65 Billion | CN¥222.24 Billion | ▲ +3.8 pp |
| 2019 | -38.1% | CN¥-123.21 Billion | CN¥323.50 Billion | CN¥83.60 Billion | CN¥206.81 Billion | ▲ +5.4 pp |
| 2018 | -43.5% | CN¥-137.87 Billion | CN¥316.94 Billion | CN¥75.92 Billion | CN¥213.79 Billion | ▲ +10.2 pp |
| 2017 | -53.7% | CN¥-164.84 Billion | CN¥307.02 Billion | CN¥76.77 Billion | CN¥241.61 Billion | ▲ +58.8 pp |
| 2016 | -112.5% | CN¥-259.34 Billion | CN¥230.51 Billion | CN¥82.23 Billion | CN¥341.57 Billion | ▲ +6.5 pp |
| 2015 | -119.0% | CN¥-278.44 Billion | CN¥234.05 Billion | CN¥59.76 Billion | CN¥338.20 Billion | ▼ -17.1 pp |
| 2014 | -101.8% | CN¥-234.54 Billion | CN¥230.33 Billion | CN¥56.62 Billion | CN¥291.16 Billion | ▲ +7.5 pp |
| 2013 | -109.4% | CN¥-242.36 Billion | CN¥221.63 Billion | CN¥52.33 Billion | CN¥294.69 Billion | ▲ +10.1 pp |
| 2012 | -119.5% | CN¥-253.57 Billion | CN¥212.23 Billion | CN¥48.24 Billion | CN¥301.81 Billion | ▼ -35.8 pp |
| 2011 | -83.7% | CN¥-174.62 Billion | CN¥208.61 Billion | CN¥38.87 Billion | CN¥213.49 Billion | ▼ -9.0 pp |
| 2010 | -74.7% | CN¥-155.60 Billion | CN¥208.18 Billion | CN¥42.29 Billion | CN¥197.89 Billion | ▲ +6.1 pp |
| 2009 | -80.9% | CN¥-168.89 Billion | CN¥208.85 Billion | CN¥30.72 Billion | CN¥199.61 Billion | ▼ -38.3 pp |
| 2008 | -42.5% | CN¥-88.88 Billion | CN¥209.00 Billion | CN¥36.16 Billion | CN¥125.04 Billion | ▼ -7.5 pp |
| 2007 | -35.1% | CN¥-32.58 Billion | CN¥92.94 Billion | CN¥16.84 Billion | CN¥49.42 Billion | ▲ +2.5 pp |
| 2006 | -37.6% | CN¥-30.06 Billion | CN¥79.99 Billion | CN¥20.45 Billion | CN¥50.51 Billion | ▲ +10.0 pp |
| 2005 | -47.6% | CN¥-35.74 Billion | CN¥75.05 Billion | CN¥15.43 Billion | CN¥51.17 Billion | ▼ -6.9 pp |
| 2004 | -40.7% | CN¥-29.16 Billion | CN¥71.65 Billion | CN¥17.38 Billion | CN¥46.54 Billion | ▼ -7.7 pp |
| 2003 | -33.0% | CN¥-22.70 Billion | CN¥68.77 Billion | CN¥22.27 Billion | CN¥44.97 Billion | ▼ -9.8 pp |
| 2002 | -23.2% | CN¥-15.09 Billion | CN¥64.93 Billion | CN¥32.13 Billion | CN¥47.22 Billion | ▼ -55.8 pp |
| 2001 | 32.6% | CN¥20.29 Billion | CN¥62.28 Billion | CN¥49.51 Billion | CN¥29.22 Billion | ▼ -19.1 pp |
| 2000 | 51.7% | CN¥30.07 Billion | CN¥58.20 Billion | CN¥57.59 Billion | CN¥27.52 Billion | ▲ +152.5 pp |
| 1999 | -100.8% | CN¥-11.18 Billion | CN¥11.09 Billion | CN¥10.52 Billion | CN¥21.70 Billion | — |