China Anchu Energy Storage Group (HKSE:02399) Cash And Cash Equivalents : HK$76.9 Mil (As of Dec. 2023)

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What is China Anchu Energy Storage Group Cash And Cash Equivalents?

China Anchu Energy Storage Group's quarterly cash and cash equivalents declined from Dec. 2022 (HK$56.26 Mil) to Jun. 2023 (HK$24.30 Mil) but then increased from Jun. 2023 (HK$24.30 Mil) to Dec. 2023 (HK$76.91 Mil).

China Anchu Energy Storage Group's annual cash and cash equivalents declined from Dec. 2021 (HK$161.41 Mil) to Dec. 2022 (HK$56.26 Mil) but then increased from Dec. 2022 (HK$56.26 Mil) to Dec. 2023 (HK$76.91 Mil).

China Anchu Energy Storage Group Cash And Cash Equivalents Historical Data

The historical data trend for China Anchu Energy Storage 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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China Anchu Energy Storage Group Cash And Cash Equivalents Chart

China Anchu Energy Storage Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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524.50

233.12

161.41

56.26

76.91

China Anchu Energy Storage Group Semi-Annual Data
	Jun14	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															161.41	125.95	56.26	24.30	76.91

China Anchu Energy Storage 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.

China Anchu Energy Storage Group (HKSE:02399) 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.

China Anchu Energy Storage Group Cash And Cash Equivalents Related Terms

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China Anchu Energy Storage Group (HKSE:02399) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » China Anchu Energy Storage Group Ltd (HKSE:02399) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

Fordoo Industrial Zone E12, Xunmei Industrial Zone, Fengze District, Fujian Province, Quanzhou, CHN

Website

https://www.fordoo.cn

China Anchu Energy Storage Group Ltd formerly China Fordoo Holdings Ltd is engaged in the sales of menswear apparel and brand licensing. It is also involved in the sales of industrial products to customers located in Saudi Arabia. The segments of the group are Menswear Apparel and Industrial Products. In the Menswear apparel division, the company offers Men's trousers, Men's tops and Accessories. The principal place of the group's operation is in PRC.

Executives

Wang Xiu Hua	2101 Beneficial owner
Everkept Limited	2101 Beneficial owner
Kwok Kin Sun	2201 Interest of corporation controlled by you
Wong Tung Yam	2201 Interest of corporation controlled by you
Donghai International Financial Holdings Company Limited	2106 Person having a security interest in shares
Cheng Cong	2201 Interest of corporation controlled by you
Dong Hai Zheng Quan Gu Fen You Xian Gong Si	2106 Person having a security interest in shares
Jpmorgan Chase & Co.
Equal Plus Limited	2101 Beneficial owner
Kwok Hon Fung	2201 Interest of corporation controlled by you
Asia Glory International Development Limited	2101 Beneficial owner
Chen Huiru	2201 Interest of corporation controlled by you
True Faith Ventures Limited	2101 Beneficial owner
Lu Ke	2101 Beneficial owner

China Anchu Energy Storage Group (HKSE:02399) Headlines

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