Zhejiang Xinneng Photovoltaic Technology Co Ltd (603105) — Working Capital to Net Assets Ratio
Zhejiang Xinneng Photovoltaic Technology Co Ltd (603105) has a Working Capital to Net Assets ratio of 6.5% as of September 2025. Working capital of CN¥147.72 Million (current assets of CN¥905.13 Million minus current liabilities of CN¥757.41 Million) is measured against net assets of CN¥2.28 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See 603105 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
Zhejiang Xinneng Photovoltaic Technology Co Ltd Working Capital to Net Assets (2013–2024)
This chart shows how Zhejiang Xinneng Photovoltaic Technology Co Ltd's Working Capital to Net Assets ratio has evolved across 12 annual periods from 2013 to 2024. As of September 2025, the ratio stands at 6.5%, reflecting working capital of CN¥147.72 Million against net assets of CN¥2.28 Billion CNY. For the complete balance sheet picture, see 603105 asset base.
Annual Working Capital to Net Assets for Zhejiang Xinneng Photovoltaic Technology Co Ltd (2013–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for Zhejiang Xinneng Photovoltaic Technology Co Ltd from 2013 to 2024, covering 12 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 603105 financial resilience 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 | 6.2% | CN¥134.74 Million | CN¥2.19 Billion | CN¥720.23 Million | CN¥585.49 Million | ▼ -10.5 pp |
| 2023 | 16.7% | CN¥345.66 Million | CN¥2.07 Billion | CN¥950.58 Million | CN¥604.92 Million | ▲ +25.4 pp |
| 2022 | -8.8% | CN¥-154.53 Million | CN¥1.77 Billion | CN¥408.16 Million | CN¥562.69 Million | ▼ -1.2 pp |
| 2021 | -7.6% | CN¥-121.67 Million | CN¥1.61 Billion | CN¥410.08 Million | CN¥531.76 Million | ▼ -8.1 pp |
| 2020 | 0.6% | CN¥8.77 Million | CN¥1.53 Billion | CN¥444.94 Million | CN¥436.17 Million | ▼ -1.8 pp |
| 2019 | 2.4% | CN¥34.68 Million | CN¥1.45 Billion | CN¥612.21 Million | CN¥577.53 Million | ▼ -4.2 pp |
| 2018 | 6.6% | CN¥96.49 Million | CN¥1.46 Billion | CN¥881.65 Million | CN¥785.16 Million | ▲ +7.7 pp |
| 2017 | -1.1% | CN¥-11.20 Million | CN¥1.02 Billion | CN¥954.14 Million | CN¥965.34 Million | ▼ -32.2 pp |
| 2016 | 31.1% | CN¥280.22 Million | CN¥899.85 Million | CN¥1.02 Billion | CN¥739.74 Million | ▲ +19.6 pp |
| 2015 | 11.6% | CN¥51.67 Million | CN¥446.26 Million | CN¥1.06 Billion | CN¥1.00 Billion | ▼ -1816.9 pp |
| 2014 | 1828.4% | CN¥-414.40 Million | CN¥-22.66 Million | CN¥349.77 Million | CN¥764.16 Million | ▲ +309.7 pp |
| 2013 | 1518.7% | CN¥-461.16 Million | CN¥-30.36 Million | CN¥153.95 Million | CN¥615.11 Million | — |