Shanxi Huayang New Material Co Ltd (600281) — Working Capital to Net Assets Ratio
Shanxi Huayang New Material Co Ltd (600281) has a Working Capital to Net Assets ratio of -219.5% as of September 2025. Working capital of CN¥-286.69 Million (current assets of CN¥362.88 Million minus current liabilities of CN¥649.57 Million) is measured against net assets of CN¥130.63 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See 600281 defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Shanxi Huayang New Material Co Ltd Working Capital to Net Assets (1997–2024)
This chart shows how Shanxi Huayang New Material Co Ltd's Working Capital to Net Assets ratio has evolved across 28 annual periods from 1997 to 2024. As of September 2025, the ratio stands at -219.5%, reflecting working capital of CN¥-286.69 Million against net assets of CN¥130.63 Million CNY. For the complete balance sheet picture, see Shanxi Huayang New Material Co Ltd balance sheet assets.
Annual Working Capital to Net Assets for Shanxi Huayang New Material Co Ltd (1997–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for Shanxi Huayang New Material Co Ltd from 1997 to 2024, 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. Check Shanxi Huayang New Material Co Ltd (600281) liquid assets ratio to evaluate the company's liquid asset resilience ratio.
| Year | WC/NA Ratio | Working Capital (CNY) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | -606.3% | CN¥-370.34 Million | CN¥61.08 Million | CN¥218.71 Million | CN¥589.04 Million | ▼ -585.0 pp |
| 2023 | -21.4% | CN¥-52.48 Million | CN¥245.69 Million | CN¥272.54 Million | CN¥325.02 Million | ▼ -13.9 pp |
| 2022 | -7.5% | CN¥-33.21 Million | CN¥444.81 Million | CN¥365.81 Million | CN¥399.02 Million | ▼ -38.3 pp |
| 2021 | 30.9% | CN¥148.70 Million | CN¥481.91 Million | CN¥569.41 Million | CN¥420.70 Million | ▲ +17.4 pp |
| 2020 | 13.4% | CN¥70.62 Million | CN¥526.63 Million | CN¥392.88 Million | CN¥322.26 Million | ▲ +10.4 pp |
| 2019 | 3.1% | CN¥14.82 Million | CN¥485.03 Million | CN¥476.32 Million | CN¥461.50 Million | ▲ +50.3 pp |
| 2018 | -47.2% | CN¥-206.29 Million | CN¥436.77 Million | CN¥304.46 Million | CN¥510.76 Million | ▼ -32.1 pp |
| 2017 | -15.1% | CN¥-86.76 Million | CN¥574.37 Million | CN¥846.47 Million | CN¥933.24 Million | ▲ +32.6 pp |
| 2016 | -47.7% | CN¥-270.43 Million | CN¥567.01 Million | CN¥1.28 Billion | CN¥1.55 Billion | ▲ +20.1 pp |
| 2015 | -67.8% | CN¥-362.49 Million | CN¥534.79 Million | CN¥1.38 Billion | CN¥1.74 Billion | ▲ +1.1 pp |
| 2014 | -68.9% | CN¥-490.43 Million | CN¥711.84 Million | CN¥1.31 Billion | CN¥1.80 Billion | ▲ +9.6 pp |
| 2013 | -78.5% | CN¥-543.23 Million | CN¥692.21 Million | CN¥1.20 Billion | CN¥1.74 Billion | ▼ -20.5 pp |
| 2012 | -58.0% | CN¥-560.50 Million | CN¥967.08 Million | CN¥1.89 Billion | CN¥2.45 Billion | ▲ +62.7 pp |
| 2011 | -120.7% | CN¥-1.10 Billion | CN¥912.60 Million | CN¥2.02 Billion | CN¥3.12 Billion | ▲ +2.6 pp |
| 2010 | -123.3% | CN¥-1.12 Billion | CN¥908.25 Million | CN¥1.81 Billion | CN¥2.93 Billion | ▼ -50.2 pp |
| 2009 | -73.1% | CN¥-854.34 Million | CN¥1.17 Billion | CN¥1.75 Billion | CN¥2.61 Billion | ▼ -26.3 pp |
| 2008 | -46.9% | CN¥-665.54 Million | CN¥1.42 Billion | CN¥1.60 Billion | CN¥2.26 Billion | ▼ -16.3 pp |
| 2007 | -30.6% | CN¥-429.91 Million | CN¥1.41 Billion | CN¥1.41 Billion | CN¥1.84 Billion | ▲ +1.2 pp |
| 2006 | -31.8% | CN¥-402.17 Million | CN¥1.27 Billion | CN¥1.27 Billion | CN¥1.67 Billion | ▼ -31.3 pp |
| 2005 | -0.5% | CN¥-5.73 Million | CN¥1.20 Billion | CN¥1.29 Billion | CN¥1.30 Billion | ▼ -20.2 pp |
| 2004 | 19.7% | CN¥221.72 Million | CN¥1.13 Billion | CN¥1.38 Billion | CN¥1.16 Billion | ▼ -5.1 pp |
| 2003 | 24.8% | CN¥268.39 Million | CN¥1.08 Billion | CN¥1.34 Billion | CN¥1.08 Billion | ▼ -3.8 pp |
| 2002 | 28.6% | CN¥301.15 Million | CN¥1.05 Billion | CN¥1.22 Billion | CN¥916.68 Million | ▼ -14.4 pp |
| 2001 | 43.0% | CN¥445.49 Million | CN¥1.03 Billion | CN¥1.37 Billion | CN¥919.83 Million | ▼ -29.8 pp |
| 2000 | 72.8% | CN¥719.32 Million | CN¥987.91 Million | CN¥1.47 Billion | CN¥753.47 Million | ▲ +50.4 pp |
| 1999 | 22.4% | CN¥90.73 Million | CN¥404.80 Million | CN¥781.32 Million | CN¥690.59 Million | ▼ -1.2 pp |
| 1998 | 23.6% | CN¥63.16 Million | CN¥267.42 Million | CN¥732.85 Million | CN¥669.70 Million | ▲ +19.1 pp |
| 1997 | 4.5% | CN¥11.03 Million | CN¥242.64 Million | CN¥595.44 Million | CN¥584.41 Million | — |