China New Energy (HKSE:01156) Total Assets : HK$337.08 Mil (As of Jun. 2024)

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What is China New Energy Total Assets?

China New Energy's Total Assets for the quarter that ended in Jun. 2024 was HK$337.08 Mil.

During the past 12 months, China New Energy's average Total Assets Growth Rate was -34.50% per year. During the past 3 years, the average Total Assets Growth Rate was -13.70% per year. During the past 5 years, the average Total Assets Growth Rate was 6.40% per year. During the past 10 years, the average Total Assets Growth Rate was 16.70% per year.

During the past 13 years, China New Energy's highest 3-Year average Total Assets Growth Rate was 37.80%. The lowest was -20.10%. And the median was 8.60%.

Total Assets is connected with ROA %. China New Energy's annualized ROA % for the quarter that ended in Jun. 2024 was -1.71%. Total Assets is also linked to Revenue through Asset Turnover. China New Energy's Asset Turnover for the quarter that ended in Jun. 2024 was 0.11.

China New Energy Total Assets Historical Data

The historical data trend for China New Energy'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 Energy Total Assets Chart

China New Energy Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Total Assets

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591.73

657.24

539.62

357.01

284.60

China New Energy Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Total Assets	Get a 7-Day Free Trial															539.62	507.78	357.01	337.08	284.60

China New Energy 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 Energy'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 )
	=	75.212	+	281.798
	=	357.01

China New Energy's Total Assets for the quarter that ended in Jun. 2024 is calculated as

Total Assets	=	Total Equity (Q: Jun. 2024 )	+	Total Liabilities (Q: Jun. 2024 )
	=	72.38	+	264.697
	=	337.08

China New Energy (HKSE:01156) Total Assets Explanation

Total Assets is connected with ROA %.

China New Energy's annualized ROA % for the quarter that ended in Jun. 2024 is

ROA %	=	Net Income (Q: Jun. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Jun. 2024 ))	/ count )
	=	-5.942	/	( (357.009	+	337.078)	/ 2 )
	=	-5.942	/	347.0435
	=	-1.71 %

Note: The Net Income data used here is two times the semi-annual (Jun. 2024) 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 Energy's Asset Turnover for the quarter that ended in Jun. 2024 is

	Asset Turnover
=	Revenue (Q: Jun. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Jun. 2024 ))	/ count )
=	39.384	/	( (357.009	+	337.078)	/ 2 )
=	39.384	/	347.0435
=	0.11

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 Energy Total Assets Related Terms

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China New Energy Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » China New Energy Ltd (HKSE:01156) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 80, Lanyue Road, Unit 210, 2nd Floor, Science City, Comprehensive Service Building Science & Technology Innovation Base, Guangzhou High-tech Industrial Development Zone,, Guangzhou, CHN, 510640

Website

http://www.zkty.com.cn

China New Energy Ltd is a provider of bioenergy technology solutions. The Group is engaged in the provision of ethanol production system technology integrated services in the ethanol fuel and alcoholic beverage industries The company offers technology services to two industries: Ethanol fuel construction services and Alcoholic beverage construction services. It generates maximum revenue from the Ethanol fuel construction services streams. Geographically, it derives a majority of its revenue from the PRC and also has a presence in Canada, Russia, Thailand, and Myanmar.

Executives

Best Full Investments Limited	2101 Beneficial owner
Han Jing	2202 Interest of your spouse
Liang Hongtao	2201 Interest of corporation controlled by you
Tang Zhaoxing	2201 Interest of corporation controlled by you
Zeng Fanghua	2202 Interest of your spouse
Tonzest Capital Holding Limited	2101 Beneficial owner
Tan Fengqiao	2202 Interest of your spouse
Yu Weijun	2101 Beneficial owner
Tewin Capital Holding Limited	2101 Beneficial owner
Chen Wan Ling	2201 Interest of corporation controlled by you
Kapok Capital Management Limited	2101 Beneficial owner
Jiang Xinchun	2101 Beneficial owner
Wang Yan	2202 Interest of your spouse
Jojo Global Investment Limited	2101 Beneficial owner

China New Energy Headlines

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