Shandong Hi Speed New Energy Group (HKSE:01250) Long-Term Capital Lease Obligation : HK$1,645 Mil (As of Dec. 2024)

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What is Shandong Hi Speed New Energy Group Long-Term Capital Lease Obligation?

Shandong Hi Speed New Energy Group's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2024 was HK$1,645 Mil.

Shandong Hi Speed New Energy Group's quarterly Long-Term Capital Lease Obligation declined from Dec. 2023 (HK$3,391 Mil) to Jun. 2024 (HK$2,119 Mil) and declined from Jun. 2024 (HK$2,119 Mil) to Dec. 2024 (HK$1,645 Mil).

Shandong Hi Speed New Energy Group's annual Long-Term Capital Lease Obligation increased from Dec. 2022 (HK$0 Mil) to Dec. 2023 (HK$3,391 Mil) but then declined from Dec. 2023 (HK$3,391 Mil) to Dec. 2024 (HK$1,645 Mil).

Shandong Hi Speed New Energy Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for Shandong Hi Speed New Energy Group's Long-Term Capital Lease Obligation 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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Shandong Hi Speed New Energy Group Long-Term Capital Lease Obligation Chart

Shandong Hi Speed New Energy Group Annual Data

Trend

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Dec24

Long-Term Capital Lease Obligation

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6,202.43

3,534.15

3,390.67

1,644.79

Shandong Hi Speed New Energy Group Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	3,163.32	3,390.67	2,118.98	1,644.79

Shandong Hi Speed New Energy Group (HKSE:01250) Long-Term Capital Lease Obligation Explanation

Long-Term Capital Lease Obligation are the amount due for long-term asset lease agreements that are nearly equivalent to asset purchases. Capital lease obligations are installment payments that constitute a payment of principal plus interest for the capital lease. The Short-Term Capital Lease Obligation is the portion of a Long-Term Capital Lease Obligation that is due over the next year.

Under US Generally Accepted Accounting Principles (GAAP), a capital lease is essentially equivalent to a purchase by the lessee if it meets the following criteria:

1. Ownership of the asset is transferred to the lessee at the end of the lease term;
2. The lease contains a bargain purchase option to buy the equipment at less than fair market value;
3. The lease term equals or exceeds 75% of the asset's estimated useful life;
4. The present value of the lease payments equals or exceeds 90% of the total original cost of the equipment.

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Shandong Hi Speed New Energy Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Shandong Hi Speed New Energy Group Ltd (HKSE:01250) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

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Address

99 Queen’s Road Central, 38th Floor, The Centre, Central, Hong Kong, HKG

Website

https://www.shneg.com.hk

Shandong Hi Speed New Energy Group Ltd is engaged in the investment, development, construction, operation and management of photovoltaic power businesses; wind power businesses; and clean heat supply service businesses in the People's Republic of China. Its segments include the Construction-related business segment engages in the provision of construction and related services of the clean energy business; and the Operation of Clean Energy Projects segment engages in the investment and development of the photovoltaic power business, the wind power business and provision of clean heat supply services. Majority of the revenue is derived from the Operation of Clean Energy Projects segment.

Executives

Shandong Hi-speed Holdings Group Limited	2101 Beneficial owner
Shan Dong Gao Su Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Citic Securities Company Limited	2201 Interest of corporation controlled by you
Citron Pe Associates Ii, L.p.	2201 Interest of corporation controlled by you
Citron Pe Holdings Limited	2201 Interest of corporation controlled by you
Cpechina Fund Ii, L.p.	2201 Interest of corporation controlled by you
Cpechina Fund Iia, L.p.	2201 Interest of corporation controlled by you
Zhong Xin Chan Ye Tou Zi Ji Jin Guan Li You Xian Gong Si	2201 Interest of corporation controlled by you
Bei Jing Xin Yu Tou Zi Zhong Xin You Xian He Huo	2201 Interest of corporation controlled by you
Bei Jing You De Tou Zi Guan Li Zhong Xin You Xian He Huo	2201 Interest of corporation controlled by you
Citigroup Inc.	2305 Beneficiary of a trust
Profit Plan Global Investment Limited	2101 Beneficial owner
Beijing Enterprises Group Company Limited	2201 Interest of corporation controlled by you
Beijing Enterprises Holdings Limited	2201 Interest of corporation controlled by you
Beijing Enterprises Water Group Limited	2201 Interest of corporation controlled by you

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