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Zengame Technology Holding (HKSE:02660) Gross Property, Plant and Equipment : HK$65 Mil (As of Jun. 2024)


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What is Zengame Technology Holding Gross Property, Plant and Equipment?

Zengame Technology Holding's quarterly gross PPE declined from Jun. 2023 (HK$30 Mil) to Dec. 2023 (HK$14 Mil) but then increased from Dec. 2023 (HK$14 Mil) to Jun. 2024 (HK$65 Mil).

Zengame Technology Holding's annual gross PPE increased from Dec. 2021 (HK$31 Mil) to Dec. 2022 (HK$33 Mil) but then declined from Dec. 2022 (HK$33 Mil) to Dec. 2023 (HK$14 Mil).


Zengame Technology Holding Gross Property, Plant and Equipment Historical Data

The historical data trend for Zengame Technology Holding's Gross Property, Plant and Equipment 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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Zengame Technology Holding Gross Property, Plant and Equipment Chart

Zengame Technology Holding Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Property, Plant and Equipment
Get a 7-Day Free Trial 15.54 19.47 30.99 33.26 13.93

Zengame Technology Holding Semi-Annual Data
Dec16 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Gross Property, Plant and Equipment Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 28.95 33.26 29.53 13.93 65.09

Zengame Technology Holding Gross Property, Plant and Equipment Calculation

Property, Plant and Equipment (PPE) are the fixed assets of the company. Fixed assets are also known as non-current assets.

Property, plant, and equipment includes assets that will - in the normal course of business - neither be used up in the next year nor will become a part of any product sold to customers.

Some of the most common parts of property, plant, and equipment are:


Land
Buildings (and leasehold improvements)
Transportation equipment
Manufacturing equipment
Office equipment
Office furniture

Companies with lots of property, plant, and equipment often have special categories. For example, railroad property includes:


Track
Ties
Ballast
Bridges
Tunnels
Signals
Locomotives
Freight Cars

There is often a note in the financial statements - found in a company's 10-K - that will explain the different categories of property a company owns.

The market value of property, plant, and equipment can differ tremendously from the book value of property, plant, and equipment.

For example, when Berkshire Hathaway liquidated its textile mills, it had to pay the buyers of the company's manufacturing equipment to haul the equipment away. That property, plant, and equipment was literally worth less than zero. On the other hand, some companies own thousands of acres of land.

All property, plant, and equipment other than land is depreciated. Land is never depreciated. However, land is not marked up to market value either. Under Generally Accepted Accounting Principles (GAAP), land is shown on the balance sheet at cost.

The property, plant, and equipment line shown on the balance sheet is usually net property, plant, and equipment. This means it is the cost of the property, plant, and equipment less accumulated depreciation.


Zengame Technology Holding  (HKSE:02660) Gross Property, Plant and Equipment Explanation

A company with durable competitive advantage doesn't need to constantly upgrade its equipment to stay competitive. The company replaces when it wears out. On the other hand, a company without any advantages must replace to keep pace.

Difference between a company with a moat and one without is that the company with the competitive advantage finances new equipment through internal cash flows, whereas the no advantage company requires debt to finance.

Producing a consistent product that doesn't change equates to consistent profits. There is no need to upgrade plants which frees up cash for other ventures. Think Coca Cola, Johnson & Johnson etc.


Zengame Technology Holding Gross Property, Plant and Equipment Related Terms

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Zengame Technology Holding Business Description

Traded in Other Exchanges
N/A
Address
Keji South 12 Road, Rooms 1304-06, Changhong Science and Technology Mansion, Science and Technology Park, Nanshan District, Shenzhen, CHN, 518057
Zengame Technology Holding Ltd is a mobile game developer. The company operates self-developed and third-party-developed games. The company's games include card games, board games, other casual games, and hardcore games, including Fight the Landlord, Sichuan Mahjong, Hunan Run Fast, Tiantian Love Chinese Chess, Happy Mengmengxiao and Kuaishou Fishing. It is also engaged in the investment business.
Executives
Yang Min 2501 Other
Ye Sheng 2501 Other
Zeng Liqing 2202 Interest of your spouse
Zhang Wei 2307 Founder of a discretionary trust who can infl
Infiniti Trust (hong Kong) Limited 2301 Trustee
Bonaza Limited 2201 Interest of corporation controlled by you
D Fun Limited 2101 Beneficial owner
The Core Trust Company Limited 2301 Trustee
Tct (bvi) Limited 2501 Other
Xie Yingying 2202 Interest of your spouse
Bao Trust 2301 Trustee
Bao Zhoujia 2307 Founder of a discretionary trust who can infl
Y&j Family Limited 2306 Nominee for another person
J&l Y Limited 2101 Beneficial owner
Ys Limited 2306 Nominee for another person

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