Shandong Huapeng Glass Co Ltd (603021) — Working Capital to Net Assets Ratio
Shandong Huapeng Glass Co Ltd (603021) has a Working Capital to Net Assets ratio of 2328.5% as of September 2025. Working capital of CN¥-1.29 Billion (current assets of CN¥309.65 Million minus current liabilities of CN¥1.60 Billion) is measured against net assets of CN¥-55.22 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. For the complete balance sheet picture, see 603021 asset base.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Shandong Huapeng Glass Co Ltd Working Capital to Net Assets (2011–2024)
This chart shows how Shandong Huapeng Glass Co Ltd's Working Capital to Net Assets ratio has evolved across 14 annual periods from 2011 to 2024. As of September 2025, the ratio stands at 2328.5%, reflecting working capital of CN¥-1.29 Billion against net assets of CN¥-55.22 Million CNY. Explore 603021 capital expenditure intensity to see what proportion of operating cash flow is directed to capital expenditures.
Annual Working Capital to Net Assets for Shandong Huapeng Glass Co Ltd (2011–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for Shandong Huapeng Glass Co Ltd from 2011 to 2024, covering 14 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. Explore Shandong Huapeng Glass Co Ltd (603021) long-term investment share to see how much of total assets are deployed in long-term investments.
| Year | WC/NA Ratio | Working Capital (CNY) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | -3021.2% | CN¥-1.25 Billion | CN¥41.31 Million | CN¥342.84 Million | CN¥1.59 Billion | ▼ -2372.9 pp |
| 2023 | -648.4% | CN¥-1.25 Billion | CN¥192.88 Million | CN¥380.38 Million | CN¥1.63 Billion | ▼ -426.7 pp |
| 2022 | -221.6% | CN¥-1.15 Billion | CN¥520.48 Million | CN¥667.09 Million | CN¥1.82 Billion | ▼ -120.7 pp |
| 2021 | -100.9% | CN¥-1.09 Billion | CN¥1.08 Billion | CN¥1.18 Billion | CN¥2.27 Billion | ▼ -41.6 pp |
| 2020 | -59.3% | CN¥-858.81 Million | CN¥1.45 Billion | CN¥1.20 Billion | CN¥2.06 Billion | ▲ +1.9 pp |
| 2019 | -61.2% | CN¥-860.50 Million | CN¥1.41 Billion | CN¥966.55 Million | CN¥1.83 Billion | ▼ -18.7 pp |
| 2018 | -42.5% | CN¥-580.40 Million | CN¥1.36 Billion | CN¥700.35 Million | CN¥1.28 Billion | ▲ +8.2 pp |
| 2017 | -50.7% | CN¥-699.55 Million | CN¥1.38 Billion | CN¥882.19 Million | CN¥1.58 Billion | ▼ -26.1 pp |
| 2016 | -24.6% | CN¥-340.70 Million | CN¥1.38 Billion | CN¥798.66 Million | CN¥1.14 Billion | ▲ +36.7 pp |
| 2015 | -61.3% | CN¥-464.10 Million | CN¥757.10 Million | CN¥517.88 Million | CN¥981.99 Million | ▲ +2.0 pp |
| 2014 | -63.3% | CN¥-345.54 Million | CN¥545.97 Million | CN¥426.83 Million | CN¥772.37 Million | ▼ -5.7 pp |
| 2013 | -57.6% | CN¥-297.04 Million | CN¥515.83 Million | CN¥465.59 Million | CN¥762.63 Million | ▼ -11.7 pp |
| 2012 | -45.9% | CN¥-214.27 Million | CN¥466.98 Million | CN¥452.77 Million | CN¥667.03 Million | ▼ -5.7 pp |
| 2011 | -40.2% | CN¥-174.46 Million | CN¥433.69 Million | CN¥344.16 Million | CN¥518.62 Million | — |