Sun King Technology Group (HKSE:00580) Cash And Cash Equivalents : HK$444 Mil (As of Dec. 2024)

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What is Sun King Technology Group Cash And Cash Equivalents?

Sun King Technology Group's quarterly cash and cash equivalents declined from Dec. 2023 (HK$874.26 Mil) to Jun. 2024 (HK$498.54 Mil) but then stayed the same from Jun. 2024 (HK$498.54 Mil) to Dec. 2024 (HK$443.60 Mil).

Sun King Technology Group's annual cash and cash equivalents increased from Dec. 2022 (HK$690.99 Mil) to Dec. 2023 (HK$874.26 Mil) but then declined from Dec. 2023 (HK$874.26 Mil) to Dec. 2024 (HK$443.60 Mil).

Sun King Technology Group Cash And Cash Equivalents Historical Data

The historical data trend for Sun King Technology 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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Sun King Technology Group Cash And Cash Equivalents Chart

Sun King Technology Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Cash And Cash Equivalents

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804.16

718.98

690.99

874.26

443.60

Sun King Technology Group Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Cash And Cash Equivalents	Get a 7-Day Free Trial															690.99	580.57	874.26	498.54	443.60

Sun King Technology 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.

Sun King Technology Group (HKSE:00580) 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.

Sun King Technology Group Cash And Cash Equivalents Related Terms

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Sun King Technology Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Sun King Technology Group Ltd (HKSE:00580) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

Building 9-A, Yuhua Road, Airport Industrial, Zone B, KongGangRongHuiYuan, Shunyi District, Beijing, CHN, 101318

Website

https://www.sunking-tech.com

Sun King Technology Group Ltd is an investment holding company engaged in the business of manufacturing and trading power electronic components. The products offered by the group are categorized into applied industries, namely, power transmission and distribution, electrified transportation and industrial, and others. Its product categories are Anode Saturable Reactors, ABB's Semiconductors, Power Quality Improved Equipment, Power Electronic Devices, Power Electronic Capacitors, Busbars, Digital IGBT Gate Units, Power Capacitors, Power Grid Status Monitoring, and Others. The group mainly operates in the PRC.

Executives

Meng Fankun
Xiang Jie
Jiekun Limited
Sapphire Skye Holdings Limited	2306 Nominee for another person
Zedra Trust Company (singapore) Limited
Max Vision Holdings Limited	2101 Beneficial owner

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