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Anhui Genuine New Materials Co (SHSE:603429) Long-Term Capital Lease Obligation : ¥0.0 Mil (As of Sep. 2024)


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What is Anhui Genuine New Materials Co Long-Term Capital Lease Obligation?

Anhui Genuine New Materials Co's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2024 was ¥0.0 Mil.

Anhui Genuine New Materials Co's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (¥0.6 Mil) to Dec. 2022 (¥0.0 Mil) but then stayed the same from Dec. 2022 (¥0.0 Mil) to Dec. 2023 (¥0.0 Mil).


Anhui Genuine New Materials Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Anhui Genuine New Materials Co'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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Anhui Genuine New Materials Co Long-Term Capital Lease Obligation Chart

Anhui Genuine New Materials Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Long-Term Capital Lease Obligation
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Anhui Genuine New Materials Co Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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Anhui Genuine New Materials Co  (SHSE:603429) 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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Anhui Genuine New Materials Co Business Description

Traded in Other Exchanges
N/A
Address
Taihu Economic Development Zone, The Taihu lake, Anhui Province, Anqing, CHN, 246400
Anhui Genuine New Materials Co Ltd is a China-based manufacturer engaged in printing and packaging materials. The products offered by the company are used for cigarette packaging, cosmetics, household appliances, electronic devices, textiles, automotive parts, greeting cards, furniture and other items. Its products include cigarette tipping paper, cigarette sealing paper, and thermal transfer foil. The cigarette tipping paper covers ordinary cigarette tipping paper series, middle-grade cigarette tipping paper series, and top-grade cigarette tipping paper series products. The Cigarette sealing paper product category and Thermal transfer foil product category includes common series and superior series products. The entity has a business presence in China and other countries.
Executives
Xu Shan Shui Directors, senior managers
Zhao Ji Hui Supervisors
Yang Jiang Tao senior management
Liu Li Zheng Directors, senior managers
Guo Shu Guang Director
Yang Li Wang senior management
Jiang Hua senior management
Wu Zheng Xing senior management
Sun Zhi Song Director
Zhou Shao Jun Director
Yang Er Guo Director
Yang Ji Hong senior management
Yan Shu Cheng Supervisors
Yang Li Xin Supervisors
Zhang Gong Ping Supervisors

Anhui Genuine New Materials Co Headlines

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