Huali Industries (603038) — Working Capital to Net Assets Ratio
Huali Industries (603038) has a Working Capital to Net Assets ratio of 23.3% as of September 2025. Working capital of CN¥380.98 Million (current assets of CN¥1.20 Billion minus current liabilities of CN¥819.16 Million) is measured against net assets of CN¥1.63 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See how many days can Huali Industries fund operations to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Huali Industries Working Capital to Net Assets (2011–2024)
This chart shows how Huali Industries'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 23.3%, reflecting working capital of CN¥380.98 Million against net assets of CN¥1.63 Billion CNY. For the complete balance sheet picture, see 603038 current and non-current assets.
Annual Working Capital to Net Assets for Huali Industries (2011–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for Huali Industries 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. Check financial resilience of Huali Industries 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 | 29.2% | CN¥461.90 Million | CN¥1.58 Billion | CN¥1.35 Billion | CN¥889.16 Million | ▼ -3.5 pp |
| 2023 | 32.7% | CN¥447.58 Million | CN¥1.37 Billion | CN¥688.92 Million | CN¥241.34 Million | ▼ -0.6 pp |
| 2022 | 33.2% | CN¥450.95 Million | CN¥1.36 Billion | CN¥763.81 Million | CN¥312.86 Million | ▼ -1.9 pp |
| 2021 | 35.2% | CN¥476.45 Million | CN¥1.36 Billion | CN¥916.70 Million | CN¥440.26 Million | ▲ +12.4 pp |
| 2020 | 22.8% | CN¥247.88 Million | CN¥1.09 Billion | CN¥699.62 Million | CN¥451.74 Million | ▼ -18.1 pp |
| 2019 | 40.9% | CN¥449.19 Million | CN¥1.10 Billion | CN¥735.65 Million | CN¥286.46 Million | ▼ -8.7 pp |
| 2018 | 49.6% | CN¥508.12 Million | CN¥1.02 Billion | CN¥709.49 Million | CN¥201.37 Million | ▼ -6.3 pp |
| 2017 | 56.0% | CN¥525.93 Million | CN¥939.78 Million | CN¥695.00 Million | CN¥169.06 Million | ▲ +6.4 pp |
| 2016 | 49.5% | CN¥262.22 Million | CN¥529.46 Million | CN¥459.92 Million | CN¥197.70 Million | ▲ +0.9 pp |
| 2015 | 48.7% | CN¥220.71 Million | CN¥453.56 Million | CN¥375.56 Million | CN¥154.85 Million | ▲ +4.5 pp |
| 2014 | 44.1% | CN¥169.38 Million | CN¥383.96 Million | CN¥313.13 Million | CN¥143.74 Million | ▼ -6.1 pp |
| 2013 | 50.2% | CN¥157.16 Million | CN¥312.86 Million | CN¥272.82 Million | CN¥115.66 Million | ▲ +14.1 pp |
| 2012 | 36.1% | CN¥88.42 Million | CN¥244.77 Million | CN¥226.24 Million | CN¥137.81 Million | ▼ -2.0 pp |
| 2011 | 38.2% | CN¥71.05 Million | CN¥186.21 Million | CN¥188.31 Million | CN¥117.26 Million | — |