Minfeng Special Paper Co Ltd Working Capital to Net Assets Ratio
Minfeng Special Paper Co Ltd working capital to net assets ratio. Minfeng Special Paper Co Ltd (600235) has a Working Capital to Net Assets ratio of -8.1% as of March 2026. Working capital of CN¥-123.00 Million (current assets of CN¥889.95 Million minus current liabilities of CN¥1.01 Billion) is measured against net assets of CN¥1.51 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Working Capital to Net Assets Ratio of Minfeng Special Paper Co Ltd (1998–2025)
Working capital to net assets ratio of Minfeng Special Paper Co Ltd from 1998 to 2025. This chart shows how Minfeng Special Paper Co Ltd's Working Capital to Net Assets ratio has evolved across 28 annual periods from 1998 to 2025. As of March 2026, the ratio stands at -8.1%, reflecting working capital of CN¥-123.00 Million against net assets of CN¥1.51 Billion CNY. Explore 600235 strategic capital deployment ratio to see how much of total assets are deployed in long-term investments.
Minfeng Special Paper Co Ltd Working Capital to Net Assets Ratio by Year (1998–2025)
Minfeng Special Paper Co Ltd working capital to net assets ratio by year from 1998 to 2025. The table below presents the year-by-year Working Capital to Net Assets ratio for Minfeng Special Paper Co Ltd from 1998 to 2025, covering 28 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 the complete balance sheet picture, see Minfeng Special Paper Co Ltd asset portfolio.
| Year | WC/NA Ratio | Working Capital (CNY) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | -9.1% | CN¥-138.07 Million | CN¥1.51 Billion | CN¥909.07 Million | CN¥1.05 Billion | ▲ +2.1 pp |
| 2024 | -11.2% | CN¥-168.29 Million | CN¥1.50 Billion | CN¥980.39 Million | CN¥1.15 Billion | ▼ -24.2 pp |
| 2023 | 13.0% | CN¥188.03 Million | CN¥1.45 Billion | CN¥1.09 Billion | CN¥904.20 Million | ▼ -4.9 pp |
| 2022 | 17.8% | CN¥250.95 Million | CN¥1.41 Billion | CN¥972.55 Million | CN¥721.60 Million | ▲ +2.1 pp |
| 2021 | 15.8% | CN¥220.21 Million | CN¥1.40 Billion | CN¥1.01 Billion | CN¥789.04 Million | ▲ +1.7 pp |
| 2020 | 14.0% | CN¥188.52 Million | CN¥1.34 Billion | CN¥1.02 Billion | CN¥832.91 Million | ▲ +7.3 pp |
| 2019 | 6.7% | CN¥86.86 Million | CN¥1.30 Billion | CN¥957.39 Million | CN¥870.52 Million | ▲ +6.3 pp |
| 2018 | 0.4% | CN¥5.19 Million | CN¥1.29 Billion | CN¥885.65 Million | CN¥880.46 Million | ▼ -13.5 pp |
| 2017 | 13.9% | CN¥179.53 Million | CN¥1.30 Billion | CN¥985.75 Million | CN¥806.22 Million | ▲ +5.7 pp |
| 2016 | 8.2% | CN¥104.17 Million | CN¥1.28 Billion | CN¥963.60 Million | CN¥859.43 Million | ▲ +7.1 pp |
| 2015 | 1.1% | CN¥13.63 Million | CN¥1.27 Billion | CN¥1.14 Billion | CN¥1.12 Billion | ▼ -12.5 pp |
| 2014 | 13.6% | CN¥194.41 Million | CN¥1.43 Billion | CN¥999.52 Million | CN¥805.11 Million | ▼ -9.2 pp |
| 2013 | 22.7% | CN¥325.17 Million | CN¥1.43 Billion | CN¥1.01 Billion | CN¥685.25 Million | ▲ +38.2 pp |
| 2012 | -15.4% | CN¥-150.95 Million | CN¥979.00 Million | CN¥788.44 Million | CN¥939.39 Million | ▼ -4.3 pp |
| 2011 | -11.1% | CN¥-114.93 Million | CN¥1.03 Billion | CN¥1.03 Billion | CN¥1.15 Billion | ▼ -7.0 pp |
| 2010 | -4.1% | CN¥-42.97 Million | CN¥1.04 Billion | CN¥645.78 Million | CN¥688.75 Million | ▲ +7.1 pp |
| 2009 | -11.3% | CN¥-109.57 Million | CN¥971.37 Million | CN¥666.64 Million | CN¥776.20 Million | ▲ +41.2 pp |
| 2008 | -52.5% | CN¥-484.91 Million | CN¥923.77 Million | CN¥631.45 Million | CN¥1.12 Billion | ▲ +11.9 pp |
| 2007 | -64.4% | CN¥-597.80 Million | CN¥927.85 Million | CN¥513.97 Million | CN¥1.11 Billion | ▲ +9.4 pp |
| 2006 | -73.9% | CN¥-666.86 Million | CN¥902.85 Million | CN¥555.85 Million | CN¥1.22 Billion | ▼ -1.9 pp |
| 2005 | -71.9% | CN¥-664.18 Million | CN¥923.54 Million | CN¥567.49 Million | CN¥1.23 Billion | ▼ -32.3 pp |
| 2004 | -39.7% | CN¥-370.10 Million | CN¥933.05 Million | CN¥525.69 Million | CN¥895.79 Million | ▼ -38.8 pp |
| 2003 | -0.9% | CN¥-8.00 Million | CN¥925.77 Million | CN¥564.88 Million | CN¥572.88 Million | ▼ -11.6 pp |
| 2002 | 10.7% | CN¥62.34 Million | CN¥580.61 Million | CN¥490.78 Million | CN¥428.44 Million | ▲ +2.2 pp |
| 2001 | 8.5% | CN¥47.54 Million | CN¥559.17 Million | CN¥487.98 Million | CN¥440.45 Million | ▼ -39.2 pp |
| 2000 | 47.7% | CN¥262.69 Million | CN¥551.02 Million | CN¥459.56 Million | CN¥196.87 Million | ▲ +27.2 pp |
| 1999 | 20.4% | CN¥41.20 Million | CN¥201.63 Million | CN¥256.61 Million | CN¥215.41 Million | ▲ +25.5 pp |
| 1998 | -5.0% | CN¥-9.78 Million | CN¥193.77 Million | CN¥205.38 Million | CN¥215.16 Million | — |