China New Economy Fund (HKSE:00080) Total Assets : HK$95.24 Mil (As of Dec. 2023)

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What is China New Economy Fund Total Assets?

China New Economy Fund's Total Assets for the quarter that ended in Dec. 2023 was HK$95.24 Mil.

During the past 12 months, China New Economy Fund's average Total Assets Growth Rate was 125.60% per year. During the past 3 years, the average Total Assets Growth Rate was 31.80% per year. During the past 5 years, the average Total Assets Growth Rate was 41.10% per year. During the past 10 years, the average Total Assets Growth Rate was -4.40% per year.

During the past 13 years, China New Economy Fund's highest 3-Year average Total Assets Growth Rate was 235.10%. The lowest was -51.00%. And the median was -8.80%.

Total Assets is connected with ROA %. China New Economy Fund's annualized ROA % for the quarter that ended in Dec. 2023 was -98.08%. Total Assets is also linked to Revenue through Asset Turnover. China New Economy Fund's Asset Turnover for the quarter that ended in Dec. 2023 was -0.47.

China New Economy Fund Total Assets Historical Data

The historical data trend for China New Economy Fund's Total Assets 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 New Economy Fund Total Assets Chart

China New Economy Fund Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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72.07

77.61

115.83

149.41

95.24

China New Economy Fund Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Assets	Get a 7-Day Free Trial															115.83	182.43	149.41	154.98	95.24

China New Economy Fund Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

China New Economy Fund's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (A: Dec. 2023 )	+	Total Liabilities (A: Dec. 2023 )
	=	89.838	+	5.405
	=	95.24

China New Economy Fund's Total Assets for the quarter that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2023 )	+	Total Liabilities (Q: Dec. 2023 )
	=	89.838	+	5.405
	=	95.24

China New Economy Fund (HKSE:00080) Total Assets Explanation

Total Assets is connected with ROA %.

China New Economy Fund's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	-122.712	/	( (154.983	+	95.243)	/ 2 )
	=	-122.712	/	125.113
	=	-98.08 %

Note: The Net Income data used here is two times the semi-annual (Dec. 2023) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

China New Economy Fund's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	-59.024	/	( (154.983	+	95.243)	/ 2 )
=	-59.024	/	125.113
=	-0.47

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

China New Economy Fund Total Assets Related Terms

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China New Economy Fund (HKSE:00080) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » China New Economy Fund Ltd (HKSE:00080) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

50 Wing Lok Street, 22 Floor, CS Tower, Sheung Wan, Hong Kong, HKG

Website

http://www.chinaneweconomyfund.com

China New Economy Fund Ltd is a Hong Kong-based company principally engaged in investment. The principal investment objective of the Company is to achieve long-term capital appreciation through investing in private or listed enterprises in China, Hong Kong, Macau, and Taiwan. The Company operates through two segments. The Listed Securities segment is engaged in investment in listed securities. The Unlisted Securities segment is engaged in investment in private equity funds and private equities. The investment manager of the Company is China Everbright Securities (HK) Limited.

Executives

Sunwah Tongfang Limited	2201 Interest of corporation controlled by you
Gold Pond International Limited	2101 Beneficial owner
Luo Yan	2201 Interest of corporation controlled by you
Sui Xiao Chun	2101 Beneficial owner
Li Kun Jin	2201 Interest of corporation controlled by you
Wei Cheng Ke Ji Tou Zi Kong Gu Shen Zhen You Xian Gong Si	2201 Interest of corporation controlled by you
Festival Developments Limited	2201 Interest of corporation controlled by you
Kingsway Lion Spur Technology Limited	2101 Beneficial owner
Sunwah Kingsway Capital Holdings Limited	2201 Interest of corporation controlled by you
Choi Koon Shum	2201 Interest of corporation controlled by you
Yang Kun	2101 Beneficial owner
Cas International Investment Management Company Limited	2201 Interest of corporation controlled by you
Cas International Investments Holdings Co., Limited	2201 Interest of corporation controlled by you
China Science International Investment Company Limited	2201 Interest of corporation controlled by you
Jiang Lei	2201 Interest of corporation controlled by you

China New Economy Fund (HKSE:00080) Headlines

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