Nanjing Sinolife United Co (HKSE:03332) Cash And Cash Equivalents : HK$128.6 Mil (As of Dec. 2023)

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What is Nanjing Sinolife United Co Cash And Cash Equivalents?

Nanjing Sinolife United Co's quarterly cash and cash equivalents declined from Dec. 2022 (HK$81.96 Mil) to Jun. 2023 (HK$66.49 Mil) but then increased from Jun. 2023 (HK$66.49 Mil) to Dec. 2023 (HK$128.58 Mil).

Nanjing Sinolife United Co's annual cash and cash equivalents declined from Dec. 2021 (HK$88.23 Mil) to Dec. 2022 (HK$81.96 Mil) but then increased from Dec. 2022 (HK$81.96 Mil) to Dec. 2023 (HK$128.58 Mil).

Nanjing Sinolife United Co Cash And Cash Equivalents Historical Data

The historical data trend for Nanjing Sinolife United Co'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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Nanjing Sinolife United Co Cash And Cash Equivalents Chart

Nanjing Sinolife United Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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119.64

91.42

88.23

81.96

128.58

Nanjing Sinolife United Co 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															88.23	72.36	81.96	66.49	128.58

Nanjing Sinolife United Co 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.

Nanjing Sinolife United Co (HKSE:03332) 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.

Nanjing Sinolife United Co Cash And Cash Equivalents Related Terms

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Nanjing Sinolife United Co (HKSE:03332) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Nanjing Sinolife United Co Ltd (HKSE:03332) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

188 Chang Jiang Road, 8th Floor, Deji Building, Block E-2, Xuanwu District, Jiangsu Province, Nanjing, CHN

Website

http://www.zs-united.com

Nanjing Sinolife United Co Ltd is a China-based company, that engages in the manufacturing and sale of nutritional supplements and packaged health food products in the PRC, Australia, and New Zealand. It is also involved in the sale of packaged health food products and the sale of cosmetics and skin care products. The company's products include Good Health, Zhongsheng, Hejian, and Cobayer. The group has a business presence in the PRC, New Zealand, Australia, Vietnam, and other countries, from which it derives a majority of its revenue from China.

Executives

Gui Pinghu	2101 Beneficial owner
Wu Yanmei	2202 Interest of your spouse
Genwealth Group Holding Company Limited	2201 Interest of corporation controlled by you
Hin Sang Group (international) Holding Co. Ltd.	2101 Beneficial owner
Kwan Lai Man	2201 Interest of corporation controlled by you
Pang Siu Hin	2201 Interest of corporation controlled by you

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