Shanxi Lanhua Sci-Tech Venture Co Ltd (600123) — Working Capital to Net Assets Ratio
Shanxi Lanhua Sci-Tech Venture Co Ltd (600123) has a Working Capital to Net Assets ratio of -22.4% as of September 2025. Working capital of CN¥-3.45 Billion (current assets of CN¥7.55 Billion minus current liabilities of CN¥11.00 Billion) is measured against net assets of CN¥15.42 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See 600123 equity to assets ratio to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Shanxi Lanhua Sci-Tech Venture Co Ltd Working Capital to Net Assets (1995–2024)
This chart shows how Shanxi Lanhua Sci-Tech Venture Co Ltd's Working Capital to Net Assets ratio has evolved across 30 annual periods from 1995 to 2024. As of September 2025, the ratio stands at -22.4%, reflecting working capital of CN¥-3.45 Billion against net assets of CN¥15.42 Billion CNY. Check 600123 tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Shanxi Lanhua Sci-Tech Venture Co Ltd (1995–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for Shanxi Lanhua Sci-Tech Venture Co Ltd from 1995 to 2024, covering 30 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 Shanxi Lanhua Sci-Tech Venture Co Ltd (600123) total market value.
| Year | WC/NA Ratio | Working Capital (CNY) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | -12.3% | CN¥-1.92 Billion | CN¥15.66 Billion | CN¥7.81 Billion | CN¥9.73 Billion | ▼ -14.5 pp |
| 2023 | 2.2% | CN¥374.70 Million | CN¥16.68 Billion | CN¥8.30 Billion | CN¥7.93 Billion | ▲ +12.5 pp |
| 2022 | -10.2% | CN¥-1.56 Billion | CN¥15.30 Billion | CN¥8.50 Billion | CN¥10.06 Billion | ▲ +26.5 pp |
| 2021 | -36.7% | CN¥-4.74 Billion | CN¥12.90 Billion | CN¥6.95 Billion | CN¥11.68 Billion | ▲ +16.0 pp |
| 2020 | -52.7% | CN¥-5.76 Billion | CN¥10.93 Billion | CN¥4.42 Billion | CN¥10.18 Billion | ▲ +3.8 pp |
| 2019 | -56.6% | CN¥-6.15 Billion | CN¥10.86 Billion | CN¥4.75 Billion | CN¥10.90 Billion | ▼ -0.4 pp |
| 2018 | -56.2% | CN¥-5.97 Billion | CN¥10.62 Billion | CN¥3.82 Billion | CN¥9.79 Billion | ▲ +6.0 pp |
| 2017 | -62.1% | CN¥-6.24 Billion | CN¥10.05 Billion | CN¥4.08 Billion | CN¥10.33 Billion | ▼ -31.2 pp |
| 2016 | -31.0% | CN¥-2.92 Billion | CN¥9.42 Billion | CN¥4.84 Billion | CN¥7.76 Billion | ▼ -33.1 pp |
| 2015 | 2.2% | CN¥222.37 Million | CN¥10.18 Billion | CN¥5.74 Billion | CN¥5.52 Billion | ▼ -11.0 pp |
| 2014 | 13.1% | CN¥1.34 Billion | CN¥10.21 Billion | CN¥6.82 Billion | CN¥5.48 Billion | ▼ -18.8 pp |
| 2013 | 31.9% | CN¥3.34 Billion | CN¥10.48 Billion | CN¥6.85 Billion | CN¥3.51 Billion | ▲ +9.2 pp |
| 2012 | 22.7% | CN¥2.34 Billion | CN¥10.32 Billion | CN¥7.08 Billion | CN¥4.74 Billion | ▲ +15.9 pp |
| 2011 | 6.8% | CN¥591.58 Million | CN¥8.72 Billion | CN¥6.10 Billion | CN¥5.51 Billion | ▲ +4.4 pp |
| 2010 | 2.4% | CN¥169.83 Million | CN¥7.12 Billion | CN¥4.94 Billion | CN¥4.77 Billion | ▲ +17.6 pp |
| 2009 | -15.2% | CN¥-895.92 Million | CN¥5.89 Billion | CN¥3.39 Billion | CN¥4.29 Billion | ▲ +2.9 pp |
| 2008 | -18.1% | CN¥-872.29 Million | CN¥4.83 Billion | CN¥2.13 Billion | CN¥3.01 Billion | ▼ -22.0 pp |
| 2007 | 3.9% | CN¥124.21 Million | CN¥3.15 Billion | CN¥2.19 Billion | CN¥2.07 Billion | ▼ -6.5 pp |
| 2006 | 10.4% | CN¥265.78 Million | CN¥2.55 Billion | CN¥1.65 Billion | CN¥1.39 Billion | ▲ +13.7 pp |
| 2005 | -3.2% | CN¥-53.53 Million | CN¥1.65 Billion | CN¥913.93 Million | CN¥967.46 Million | ▲ +7.5 pp |
| 2004 | -10.8% | CN¥-139.05 Million | CN¥1.29 Billion | CN¥619.08 Million | CN¥758.13 Million | ▼ -6.7 pp |
| 2003 | -4.0% | CN¥-42.89 Million | CN¥1.07 Billion | CN¥463.20 Million | CN¥506.09 Million | ▼ -8.4 pp |
| 2002 | 4.4% | CN¥38.67 Million | CN¥880.39 Million | CN¥680.69 Million | CN¥642.02 Million | ▼ -7.6 pp |
| 2001 | 12.0% | CN¥98.22 Million | CN¥816.48 Million | CN¥681.00 Million | CN¥582.78 Million | ▼ -18.4 pp |
| 2000 | 30.4% | CN¥251.91 Million | CN¥827.40 Million | CN¥917.74 Million | CN¥665.83 Million | ▼ -3.7 pp |
| 1999 | 34.2% | CN¥214.55 Million | CN¥628.14 Million | CN¥703.69 Million | CN¥489.14 Million | ▼ -19.8 pp |
| 1998 | 54.0% | CN¥306.51 Million | CN¥567.80 Million | CN¥686.37 Million | CN¥379.86 Million | ▲ +78.3 pp |
| 1997 | -24.4% | CN¥-36.58 Million | CN¥150.22 Million | CN¥265.54 Million | CN¥302.12 Million | ▼ -23.3 pp |
| 1996 | -1.0% | CN¥-1.44 Million | CN¥142.79 Million | CN¥226.43 Million | CN¥227.87 Million | ▼ -5.8 pp |
| 1995 | 4.7% | CN¥6.44 Million | CN¥135.75 Million | CN¥206.44 Million | CN¥200.00 Million | — |