China Nature Energy Technology Holdings (HKSE:01597) Cash And Cash Equivalents : HK$61.1 Mil (As of Dec. 2023)

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What is China Nature Energy Technology Holdings Cash And Cash Equivalents?

China Nature Energy Technology Holdings's quarterly cash and cash equivalents declined from Dec. 2022 (HK$49.04 Mil) to Jun. 2023 (HK$33.25 Mil) but then increased from Jun. 2023 (HK$33.25 Mil) to Dec. 2023 (HK$61.06 Mil).

China Nature Energy Technology Holdings's annual cash and cash equivalents declined from Dec. 2021 (HK$49.68 Mil) to Dec. 2022 (HK$49.04 Mil) but then increased from Dec. 2022 (HK$49.04 Mil) to Dec. 2023 (HK$61.06 Mil).

China Nature Energy Technology Holdings Cash And Cash Equivalents Historical Data

The historical data trend for China Nature Energy Technology Holdings'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 Nature Energy Technology Holdings Cash And Cash Equivalents Chart

China Nature Energy Technology Holdings Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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39.65

143.93

49.68

49.04

61.06

China Nature Energy Technology Holdings Semi-Annual Data
	Dec17	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial						49.68	33.67	49.04	33.25	61.06

China Nature Energy Technology Holdings 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 Nature Energy Technology Holdings (HKSE:01597) 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 Nature Energy Technology Holdings Cash And Cash Equivalents Related Terms

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China Nature Energy Technology Holdings (HKSE:01597) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » China Nature Energy Technology Holdings Ltd (HKSE:01597) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

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Address

Building A, Standard Factory Phase II, Runzhou Road, Huishan Industrial Transformation Park, Jiangsu Province, Wuxi, CHN

Website

www.jyhyne.com

China Nature Energy Technology Holdings Ltd is engaged in the integration, manufacturing, and sales of pitch control systems and related components, wind power generation, wind farm operation, maintenance business, and provision of wind energy-related consultancy services in the People's Republic of China. Its segments include Sales of pitch control systems and related components; Sales of wind power; Wind farm operation and maintenance business; and Provision of wind energy-related consultancy services. It derives a majority of the revenue from research and development, integration, manufacturing, and sale of pitch control systems and related components in wind turbine manufacturing.

Executives

Cheng Liquan Richard	2201 Interest of corporation controlled by you
Hongyuan Company Limited	2101 Beneficial owner
Zhou Xuan	2202 Interest of your spouse

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