Guizhou Zhenhua Fengguang Semiconductor Co. Ltd. A (688439) — Working Capital to Net Assets Ratio
Guizhou Zhenhua Fengguang Semiconductor Co. Ltd. A (688439) has a Working Capital to Net Assets ratio of 88.4% as of June 2026. Working capital of CN¥4.45 Billion (current assets of CN¥4.83 Billion minus current liabilities of CN¥379.36 Million) is measured against net assets of CN¥5.03 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See Guizhou Zhenhua Fengguang Semiconductor defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Guizhou Zhenhua Fengguang Semiconductor Co. Ltd. A Working Capital to Net Assets (2020–2025)
This chart shows how Guizhou Zhenhua Fengguang Semiconductor Co. Ltd. A's Working Capital to Net Assets ratio has evolved across 6 annual periods from 2020 to 2025. As of June 2026, the ratio stands at 88.4%, reflecting working capital of CN¥4.45 Billion against net assets of CN¥5.03 Billion CNY. For the complete balance sheet picture, see Guizhou Zhenhua Fengguang Semiconductor total assets.
Annual Working Capital to Net Assets for Guizhou Zhenhua Fengguang Semiconductor Co. Ltd. A (2020–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Guizhou Zhenhua Fengguang Semiconductor Co. Ltd. A from 2020 to 2025, covering 6 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 688439 asset resilience 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) |
|---|---|---|---|---|---|---|
| 2025 | 88.5% | CN¥4.49 Billion | CN¥5.08 Billion | CN¥4.87 Billion | CN¥373.41 Million | ▲ +0.9 pp |
| 2024 | 87.6% | CN¥4.37 Billion | CN¥4.99 Billion | CN¥4.74 Billion | CN¥369.63 Million | ▼ -1.8 pp |
| 2023 | 89.4% | CN¥4.26 Billion | CN¥4.77 Billion | CN¥4.74 Billion | CN¥479.19 Million | ▼ -7.6 pp |
| 2022 | 96.9% | CN¥4.11 Billion | CN¥4.24 Billion | CN¥4.55 Billion | CN¥436.01 Million | ▲ +11.4 pp |
| 2021 | 85.5% | CN¥540.98 Million | CN¥632.67 Million | CN¥1.15 Billion | CN¥609.93 Million | ▼ -15.0 pp |
| 2020 | 100.5% | CN¥242.37 Million | CN¥241.13 Million | CN¥639.93 Million | CN¥397.56 Million | — |