Overview
China Electronics Corporation (CEC) Holdings Company manufactures mobile handsets, as well as MP3 players and other portable electronics for customers throughout Asia and Europe. Philips was CEC's top customer for handsets; in 2007 the Dutch giant sold its mobile phone business to CEC. The Chinese company received a five-year license to market and sell Philips-branded phones. CEC is majority controlled by China Electronics Corp., a state-owned
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Read More group of the same name under the auspices of the Chinese government. CEC has hundreds of affiliates and subsidiaries; the giant enterprise is consolidating many units, trimming the number of companies by 50%.
Read Less
Read More group of the same name under the auspices of the Chinese government. CEC has hundreds of affiliates and subsidiaries; the giant enterprise is consolidating many units, trimming the number of companies by 50%.
Read Less
JINMEI LIU
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Management of Companies and Enterprises
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Household Appliances and Electrical and Electronic Goods Merchant Wholesalers
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Holding companies, nec
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Electronic parts and equipment, nec
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$301.89 million
Actual
-22.2%
-14.41%
$4,174
DEC
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Hong Kong:00085
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Financial Statements
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Financial data as of December 31, 2024 (12 month period) in USD
Annual Revenue 2024
$301.89 million
USD
Actual
1 USD = 7.7808 HKD
All financial statement data is in millions except per share data | Source: Morningstar
| Cash Flow (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Net Operating Cash | $35 | $114 | $123 |
| Net Investing Cash | -$35 | -$82 | -$22 |
| Net Financing Cash | -$45 | -$38 | -$8 |
| Net Change in Cash | -$44 | -$6 | $93 |
| Cash at Beginning of Period | $142 | $151 | $67 |
| Cash at End of Period | $95 | $142 | $151 |
| Capital Expenditure | -$12 | -$11 | -$5 |
| Assets (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current Assets | |||
| Cash and Cash Equivalents | $95 | $142 | $151 |
| Accounts Receivable | $74 | $74 | $94 |
| Inventories | $109 | $109 | $114 |
| Other Current Assets | $121 | $88 | $98 |
| Asset Summary | |||
| Total Current Assets | $399 | $413 | $457 |
| Tangible Fixed Assets | $13 | $6 | $10 |
| Intangible Assets | $9 | $8 | $3 |
| Total Assets | $4,174 | $4,327 | $4,057 |
| Liabilities (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current Liabilities | |||
| Accounts Payable | $126 | $104 | $121 |
| Short-Term Debt | $49 | $64 | $79 |
| Other Current Liabilities | $24 | $58 | $59 |
| Liability Summary | |||
| Total Current Liabilities | $198 | $226 | $259 |
| Long-Term Debt | $ | $ | $ |
| Other Long-Term Liabilities | $ | $ | $ |
| Total Liabilities | $219 | $280 | $309 |
| Stakeholder's Equity (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Equity | |||
| Common Stock | $3 | $3 | $3 |
| Retained Earnings | $387 | $338 | $250 |
| Equity Summary | |||
| Total Equity | $314 | $272 | $209 |
| Shares Outstanding | 2,029,872,000 | 2,029,872,000 | 2,029,872,000 |