Huagong Tech Co (SZSE:000988) Accounts Payable & Accrued Expense : ¥4,432 Mil (As of Mar. 2024)

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What is Huagong Tech Co Accounts Payable & Accrued Expense?

Huagong Tech Co's quarterly accounts payable & accrued expense increased from Sep. 2023 (¥4,445 Mil) to Dec. 2023 (¥4,703 Mil) but then declined from Dec. 2023 (¥4,703 Mil) to Mar. 2024 (¥4,432 Mil).

Huagong Tech Co's annual accounts payable & accrued expense increased from Dec. 2021 (¥3,652 Mil) to Dec. 2022 (¥4,673 Mil) and increased from Dec. 2022 (¥4,673 Mil) to Dec. 2023 (¥4,703 Mil).

Huagong Tech Co Accounts Payable & Accrued Expense Historical Data

The historical data trend for Huagong Tech Co's Accounts Payable & Accrued Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Huagong Tech Co Accounts Payable & Accrued Expense Chart

Huagong Tech Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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2,354.38

2,984.09

3,652.06

4,673.37

4,703.34

Huagong Tech Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															4,712.25	4,587.83	4,444.85	4,703.34	4,431.67

Huagong Tech Co Accounts Payable & Accrued Expense Calculation

Accounts payable & accrued expense usually includes accounts payable, accrued compensation and related benefits, etc.

Accounts payable is money owed by a business to its suppliers shown as a liability on a company's balance sheet. It is distinct from notes payable liabilities, which are debts created by formal legal instrument documents.

It is part of the current portion of the liabilities (due within one year or within the normal operating cycle if longer) reflected on the balace sheet of the company. A higher Accounts Payable means lower Working Capital needed to operate the business.

Huagong Tech Co (SZSE:000988) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Huagong Tech Co Ltd (SZSE:000988) » Definitions » Accounts Payable & Accrued Expense

Traded in Other Exchanges

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Address

Huazhong University of Science and Technology University, Huagong Technology Headquarters Building, Wuhan East Lake High-tech Development Zone, Hubei Province, Wuhan, CHN, 430223

Website

http://www.hgtech.com.cn

Huagong Tech Co Ltd is a China-based company principally engaged in the business of laser equipment manufacturing, optical communications and laser holographic anti-counterfeiting of sensitive products and components. The company's products are widely used in machinery manufacturing, aerospace, automobile industry, and iron and steel metallurgy and other industries. In addition, the company also offers solutions such as energy industry laser processing solutions, aerospace applications solutions, 3C industry laser processing solutions, automotive industry application solutions, certification industry anti-counterfeiting solutions, intelligent manufacturing service platform and cloud computing centre.

Executives

Xiong Wen	Directors, executives
Zhang Qin	Executives
Liu Han Shu	Directors, Directors, and Executives
Ma Xin Qiang	Directors, executives
Chen Sen Hua	Supervisors
An Xin	Securities Affairs Representative
Min Da Yong	Directors, executives
Nie Bo	Executives
Yang Xiao	Executives
Yang Xing Guo	Executives
Deng Jia Ke	Executives
Cai Xue En	Independent director
Zhu Song Qing	Director
Lv Wei Ping	Independent director
Wang Xiao Bei	Supervisors

Huagong Tech Co (SZSE:000988) Headlines

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