China Huirong Financial Holdings (HKSE:01290) Scaled Net Operating Assets : 0.96 (As of Jun. 2024)

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What is China Huirong Financial Holdings Scaled Net Operating Assets?

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

China Huirong Financial Holdings's operating assets for the quarter that ended in Jun. 2024 was HK$3,681.8 Mil. China Huirong Financial Holdings's operating liabilities for the quarter that ended in Jun. 2024 was HK$213.9 Mil. China Huirong Financial Holdings's Total Assets for the quarter that ended in Dec. 2023 was HK$3,610.2 Mil. Therefore, China Huirong Financial Holdings's scaled net operating assets (SNOA) for the quarter that ended in Jun. 2024 was 0.96.

China Huirong Financial Holdings Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

China Huirong Financial Holdings's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Dec. 2023 )
=	(Operating Assets (A: Dec. 2023 )	-	Operating Liabilities (A: Dec. 2023 ))	/	Total Assets (A: Dec. 2022 )
=	(3454.966	-	210.906)	/	3333.556
=	0.97

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	3610.189	-	155.223
=	3454.966

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	1241.482	-	1030.576	-	0
=	210.906

China Huirong Financial Holdings's Scaled Net Operating Assets (SNOA) for the quarter that ended in Jun. 2024 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Jun. 2024 )
=	(Operating Assets (Q: Jun. 2024 )	-	Operating Liabilities (Q: Jun. 2024 ))	/	Total Assets (Q: Dec. 2023 )
=	(3681.765	-	213.909)	/	3610.189
=	0.96

where

	Operating Assets		(Q: Jun. 2024 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	3815.547	-	133.782
=	3681.765

	Operating Liabilities		(Q: Jun. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	1474.024	-	1260.115	-	0
=	213.909

* 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 Huirong Financial Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » China Huirong Financial Holdings Ltd (HKSE:01290) » Definitions » Scaled Net Operating Assets

Traded in Other Exchanges

N/A

Address

No. 288 Yingchun Road, 9th Floor, Building A, Wuzhong District, Jiangsu Province, Suzhou, CHN

Website

http://www.cnhuirong.com

China Huirong Financial Holdings Ltd is an investment holding company. Its business divisions are the Inclusive finance business and Ecology finance business division. The Inclusive finance business division refers to the provision of lending services in the PRC. From the product perspective, the inclusive finance business division is principally engaged in lending services through granting secured loans and unsecured loans to customers. The ecology finance business division which is the key revenue driver, mainly dedicates services to supply chain, loan facilitation technology, factoring, insurance agency, and equity investment business.

Executives

Chen Yannan
Zhu Tianxiao	2201 Interest of corporation controlled by you
Xiaolai Investment Co., Ltd	2101 Beneficial owner
Baoxiang Investment Co., Ltd	2101 Beneficial owner
Zhang Xiangrong	2201 Interest of corporation controlled by you
Southern Swan Investment Co., Ltd	2101 Beneficial owner
Xilai Investment Co., Ltd	2101 Beneficial owner