Hebei Yichen Industrial Group (HKSE:01596) Cash And Cash Equivalents : HK$99 Mil (As of Dec. 2023)

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What is Hebei Yichen Industrial Group Cash And Cash Equivalents?

Hebei Yichen Industrial Group's quarterly cash and cash equivalents increased from Dec. 2022 (HK$89.30 Mil) to Jun. 2023 (HK$239.09 Mil) but then stayed the same from Jun. 2023 (HK$239.09 Mil) to Dec. 2023 (HK$98.51 Mil).

Hebei Yichen Industrial Group's annual cash and cash equivalents declined from Dec. 2021 (HK$192.61 Mil) to Dec. 2022 (HK$89.30 Mil) but then increased from Dec. 2022 (HK$89.30 Mil) to Dec. 2023 (HK$98.51 Mil).

Hebei Yichen Industrial Group Cash And Cash Equivalents Historical Data

The historical data trend for Hebei Yichen Industrial Group's Cash And Cash Equivalents 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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Hebei Yichen Industrial Group Cash And Cash Equivalents Chart

Hebei Yichen Industrial Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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449.63

282.22

192.61

89.30

98.51

Hebei Yichen Industrial Group Semi-Annual Data
	Dec13	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial															192.61	216.52	89.30	239.09	98.51

Hebei Yichen Industrial Group Cash And Cash Equivalents Calculation

Cash and cash equivalents are the most liquid assets on the balance sheet. Cash equivalents are assets that are readily convertible into cash, such as money market holdings, short-term government bonds or Treasury bills, marketable securities and commercial paper.

Hebei Yichen Industrial Group (HKSE:01596) Cash And Cash Equivalents Explanation

A high number means either:

1) The company has competitive advantage generating lots of cash

2) Just sold a business or bonds (not necessarily good)

A low stockpile of cash usually means poor to mediocre economics.

There are 3 ways to create large cash reserve.

1) Sell new bonds or equity to public

2) Sell business or asset

3) It has an ongoing business generating more cash than it burns (usually means durable competitive advantage)

When a company is suffering a short term problem, Buffett looks at cash or marketable securities to see whether it has the financial strength to ride it out.

Important: Lots of cash and marketable securities + little debt = good chance that the business will sail on through tough times.

Test to see what is creating cash by looking at past 7 yrs of balance sheets. This will reveal how the cash was created.

Be Aware

Depreciation estimates make the calculation of net income susceptible to management's accounting choices. These choices can be either overly aggressive or overly conservative.

Hebei Yichen Industrial Group Cash And Cash Equivalents Related Terms

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Hebei Yichen Industrial Group (HKSE:01596) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Hebei Yichen Industrial Group Corp Ltd (HKSE:01596) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

HE2:Germany

Address

No. 1 Yichen North Street, Gaocheng District, Hebei Province, Shijiazhuang, CHN

Website

http://www.hbyc.com.cn

Hebei Yichen Industrial Group Corp Ltd is one of the leading rail fastening system providers in the PRC, with the business focusing on three business segments namely Rail Fastening System Products; Welding Wire Products; and Railway Sleeper Products. Its maximum revenue is generated by the Rail fastening system segment. Some of its product includes the Spring bar type IV fastener system; the WJ-7 type fastener system; the DT-VI2 fastener system; Double-layer nonlinear shock-absorbing fastener system; the Spring bar II type fastener system and others.

Executives

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Feng Da Sha	2202 Interest of your spouse
Zhang Zi Mo	2202 Interest of your spouse
Li Yan Hao	2201 Interest of corporation controlled by you
Guo Zhong Yan	2101 Beneficial owner
Sino Wealthy Limited	2101 Beneficial owner

Hebei Yichen Industrial Group (HKSE:01596) Headlines

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