Hangzhou Pinming Software Co. Ltd. A (688109) — Working Capital to Net Assets Ratio
Hangzhou Pinming Software Co. Ltd. A (688109) has a Working Capital to Net Assets ratio of 97.3% as of March 2026. Working capital of CN¥771.74 Million (current assets of CN¥879.96 Million minus current liabilities of CN¥108.22 Million) is measured against net assets of CN¥793.22 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See 688109 net asset quality score to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Hangzhou Pinming Software Co. Ltd. A Working Capital to Net Assets (2013–2025)
This chart shows how Hangzhou Pinming Software Co. Ltd. A's Working Capital to Net Assets ratio has evolved across 13 annual periods from 2013 to 2025. As of March 2026, the ratio stands at 97.3%, reflecting working capital of CN¥771.74 Million against net assets of CN¥793.22 Million CNY. Check Hangzhou Pinming Software Co. Ltd. A (688109) tangible equity ratio to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Hangzhou Pinming Software Co. Ltd. A (2013–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Hangzhou Pinming Software Co. Ltd. A from 2013 to 2025, covering 13 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 live market cap and the full company profile, see 688109 company net worth.
| Year | WC/NA Ratio | Working Capital (CNY) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 44.2% | CN¥781.39 Million | CN¥1.77 Billion | CN¥941.43 Million | CN¥160.04 Million | ▼ -52.4 pp |
| 2024 | 96.6% | CN¥758.06 Million | CN¥784.39 Million | CN¥921.82 Million | CN¥163.75 Million | ▲ +0.2 pp |
| 2023 | 96.4% | CN¥751.41 Million | CN¥779.19 Million | CN¥878.19 Million | CN¥126.78 Million | ▼ -0.3 pp |
| 2022 | 96.7% | CN¥794.17 Million | CN¥821.21 Million | CN¥916.22 Million | CN¥122.05 Million | ▼ -0.3 pp |
| 2021 | 97.0% | CN¥882.63 Million | CN¥909.78 Million | CN¥995.69 Million | CN¥113.06 Million | ▲ +3.3 pp |
| 2020 | 93.7% | CN¥261.74 Million | CN¥279.36 Million | CN¥357.94 Million | CN¥96.20 Million | ▼ -1.0 pp |
| 2019 | 94.7% | CN¥191.05 Million | CN¥201.70 Million | CN¥256.17 Million | CN¥65.12 Million | ▲ +2.6 pp |
| 2018 | 92.2% | CN¥140.39 Million | CN¥152.32 Million | CN¥189.95 Million | CN¥49.56 Million | ▼ -2.7 pp |
| 2017 | 94.9% | CN¥106.52 Million | CN¥112.23 Million | CN¥137.60 Million | CN¥31.08 Million | ▼ -1.2 pp |
| 2016 | 96.1% | CN¥75.08 Million | CN¥78.12 Million | CN¥100.64 Million | CN¥25.55 Million | ▲ +9.4 pp |
| 2015 | 86.7% | CN¥20.44 Million | CN¥23.58 Million | CN¥32.10 Million | CN¥11.67 Million | ▲ +5.9 pp |
| 2014 | 80.7% | CN¥4.47 Million | CN¥5.54 Million | CN¥19.79 Million | CN¥15.32 Million | ▲ +11.6 pp |
| 2013 | 69.2% | CN¥3.09 Million | CN¥4.47 Million | CN¥23.69 Million | CN¥20.60 Million | — |