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Shanghai Chicmax Cosmetic Co (HKSE:02145) Intangible Assets : HK$18 Mil (As of Dec. 2023)


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What is Shanghai Chicmax Cosmetic Co Intangible Assets?

Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. Shanghai Chicmax Cosmetic Co's intangible assets for the quarter that ended in Dec. 2023 was HK$18 Mil.


Shanghai Chicmax Cosmetic Co Intangible Assets Historical Data

The historical data trend for Shanghai Chicmax Cosmetic Co's Intangible Assets 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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Shanghai Chicmax Cosmetic Co Intangible Assets Chart

Shanghai Chicmax Cosmetic Co Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Intangible Assets
25.77 23.77 22.32 21.69 18.44

Shanghai Chicmax Cosmetic Co Semi-Annual Data
Dec19 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Intangible Assets Get a 7-Day Free Trial 22.32 22.33 21.69 19.63 18.44

Shanghai Chicmax Cosmetic Co Intangible Assets Calculation

Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. Examples of intangible assets include trade secrets, copyrights, patents, trademarks. If a company acquires assets at the prices above the book value, it may carry goodwill on its balance sheet. Goodwill reflects the difference between the price the company paid and the book value of the assets.


Shanghai Chicmax Cosmetic Co  (HKSE:02145) Intangible Assets Explanation

If a company (company A) received a patent through their own work, though it has value, it does not show up on its balance sheet as an intangible asset. However, if company A sells this patent to company B, it will show up on company B's balance sheet as an intangible asset.

The same applies to brand names, trade secrets etc. For instance, Coca-Cola's brand is extremely valuable, but the brand does not appear on its balance sheet, because the brand was never acquired.

Some intangibles are amortized. Amortization is the depreciation of intangible assets.

Many intangibles are not amortized. They may still be written down when the company decides the asset is impaired.

Whenever you see an increase in goodwill over a number of years, you can assume it's because the company is out buying other businesses above book value. GOOD if buying businesses with durable competitive advantage.

If goodwill stays the same, the company when acquiring other companies is either paying less than book value or not acquiring. Businesses with moats never sell for less than book value.

Intangibles acquired are on balance sheet at fair value.

Internally developed brand names (Coke, Wrigleys, Band-Aid) however are not reflected on the balance sheet.

One of the reasons competitive advantage power can remain hidden for so long.


Be Aware

Companies may change the way intangible assets are amortized, and this will affect their reported earnings.


Shanghai Chicmax Cosmetic Co Intangible Assets Related Terms

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Shanghai Chicmax Cosmetic Co (HKSE:02145) Business Description

Traded in Other Exchanges
N/A
Address
No. 3300 Zhongshan North Road, 25 Floor, Building B, Putuo District, Shanghai, CHN
Shanghai Chicmax Cosmetic Co Ltd is a China-based multi-brand cosmetics company mainly engaged in the research, development, production, and sales of skincare and maternity and childcare products. It offers a wide range of cosmetics products under various brands, primarily including KANS, One Leaf, and Baby Elephant. The company's products include skin care products, maternal and childcare products, toiletries, and others. The company also operates brands such as BIO-G, KYOCA, ARMIYO, TAZU, and others.
Executives
Lyu Yixiong 2201 Interest of corporation controlled by you
Shanghai Hongyin Investment Co., Ltd. 2101 Beneficial owner
Shanghai Nanyin Investment Co., Ltd. 2101 Beneficial owner
China International Capital Corporation Limited 2201 Interest of corporation controlled by you
China International Capital Corporation (international) Limited 2201 Interest of corporation controlled by you
China International Capital Corporation Hong Kong Securities Limited 2105 Underwriter

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