Hongfa Technology Co Ltd

SHG:600885 China Electrical Equipment & Parts
Market Cap
$6.31 Billion
CN¥46.32 Billion CNY
Market Cap Rank
#3110 Global
#227 in China
Share Price
CN¥29.93
Change (1 day)
-3.51%
52-Week Range
CN¥21.70 - CN¥36.83
All Time High
CN¥55.04
Categories
Companies in China Electrical Equipment & Parts
About

Hongfa Technology Co., Ltd. manufactures and supplies relays, medium and low voltage electrical appliances, high and low voltage complete equipment, connectors, capacitors, precision parts, and automation equipment worldwide. The company offers industrial, power, latching, automotive, signal, high voltage DC, high frequency relays, as well as relay sockets and modules; and low-voltage devices, su… Read more

Hongfa Technology Co Ltd (600885) - Net Assets

Latest net assets as of September 2025: CN¥13.55 Billion CNY

Based on the latest financial reports, Hongfa Technology Co Ltd (600885) has net assets worth CN¥13.55 Billion CNY as of September 2025.

Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥21.89 Billion) and total liabilities (CN¥8.34 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.

Key Net Assets Metrics

Metric Value
Current Net Assets CN¥13.55 Billion
% of Total Assets 61.9%
Annual Growth Rate 15.6%
5-Year Change 69.49%
10-Year Change 220.89%
Growth Volatility 94.74

Hongfa Technology Co Ltd - Net Assets Trend (1992–2024)

This chart illustrates how Hongfa Technology Co Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.

Annual Net Assets for Hongfa Technology Co Ltd (1992–2024)

The table below shows the annual net assets of Hongfa Technology Co Ltd from 1992 to 2024.

Year Net Assets Change
2024-12-31 CN¥12.54 Billion +13.43%
2023-12-31 CN¥11.06 Billion +11.10%
2022-12-31 CN¥9.95 Billion +13.92%
2021-12-31 CN¥8.74 Billion +18.06%
2020-12-31 CN¥7.40 Billion +12.28%
2019-12-31 CN¥6.59 Billion +10.23%
2018-12-31 CN¥5.98 Billion +13.36%
2017-12-31 CN¥5.27 Billion +16.30%
2016-12-31 CN¥4.54 Billion +16.04%
2015-12-31 CN¥3.91 Billion +11.87%
2014-12-31 CN¥3.49 Billion +18.80%
2013-12-31 CN¥2.94 Billion +77.55%
2012-12-31 CN¥1.66 Billion +1399.97%
2011-12-31 CN¥-127.42 Million -497.71%
2010-12-31 CN¥32.04 Million +675.02%
2009-12-31 CN¥-5.57 Million -104.62%
2008-12-31 CN¥120.48 Million -26.67%
2007-12-31 CN¥164.30 Million +3.84%
2006-12-31 CN¥158.22 Million -24.75%
2005-12-31 CN¥210.26 Million +0.78%
2004-12-31 CN¥208.63 Million +1.23%
2003-12-31 CN¥206.09 Million +5.11%
2002-12-31 CN¥196.06 Million +42.48%
2001-12-31 CN¥137.60 Million +1.14%
2000-12-31 CN¥136.05 Million -10.21%
1999-12-31 CN¥151.52 Million -14.65%
1998-12-31 CN¥177.53 Million -17.99%
1997-12-31 CN¥216.46 Million +1.39%
1996-12-31 CN¥213.49 Million +47.66%
1995-12-31 CN¥144.58 Million +3.59%
1994-12-31 CN¥139.57 Million +11.04%
1993-12-31 CN¥125.70 Million +3.59%
1992-12-31 CN¥121.35 Million --

Equity Component Analysis

This analysis shows how different components contribute to Hongfa Technology Co Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

  • Retained earnings have grown by 660463200000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings CN¥6.60 Billion 69.49%
Common Stock CN¥1.04 Billion 10.97%
Other Comprehensive Income CN¥1.51 Billion 15.93%
Other Components CN¥342.52 Million 3.60%
Total Equity CN¥9.50 Billion 100.00%

Hongfa Technology Co Ltd Competitors by Market Cap

The table below lists competitors of Hongfa Technology Co Ltd ranked by their market capitalization.

Company Market Cap
MOL Nyrt.
BUD:MOL
 		$4.25 Billion
Iveco Group
OTCGREY:IVCGF
 		$4.26 Billion
BB Seguridade Participacoes SA
PINK:BBSEY
 		$4.26 Billion
Alkermes Plc
NASDAQ:ALKS
 		$4.26 Billion
Dillard's, Inc.
NYSE:DDS
 		$4.25 Billion
Magnolia Oil & Gas Corp
NYSE:MGY
 		$4.25 Billion
TRITAX BIG BOX REIT LS-01
F:4ZQ
 		$4.25 Billion
Li Ning Company Limited
PINK:LNNGF
 		$4.24 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Hongfa Technology Co Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 8,340,956,498 to 9,504,175,370, a change of 1,163,218,872 (13.9%).
  • Net income of 1,631,016,450 contributed positively to equity growth.
  • Dividend payments of 489,166,561 reduced retained earnings.
  • Other comprehensive income increased equity by 225,151,205.
  • Other factors decreased equity by 203,782,222.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income CN¥1.63 Billion +17.16%
Dividends Paid CN¥489.17 Million -5.15%
Other Comprehensive Income CN¥225.15 Million +2.37%
Other Changes CN¥-203.78 Million -2.14%
Total Change CN¥- 13.95%

Book Value vs Market Value Analysis

This analysis compares Hongfa Technology Co Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

  • Current price-to-book ratio: 4.67x
  • The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
  • The price-to-book ratio has decreased from 53.31x to 4.67x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
1992-12-31 CN¥0.56 CN¥29.93 x
1993-12-31 CN¥0.58 CN¥29.93 x
1994-12-31 CN¥0.63 CN¥29.93 x
1995-12-31 CN¥0.66 CN¥29.93 x
1996-12-31 CN¥0.97 CN¥29.93 x
1997-12-31 CN¥0.99 CN¥29.93 x
1998-12-31 CN¥0.81 CN¥29.93 x
1999-12-31 CN¥0.69 CN¥29.93 x
2000-12-31 CN¥0.61 CN¥29.93 x
2001-12-31 CN¥0.63 CN¥29.93 x
2002-12-31 CN¥0.91 CN¥29.93 x
2003-12-31 CN¥0.95 CN¥29.93 x
2009-12-31 CN¥-0.07 CN¥29.93 x
2010-12-31 CN¥0.01 CN¥29.93 x
2011-12-31 CN¥-0.18 CN¥29.93 x
2012-12-31 CN¥1.17 CN¥29.93 x
2013-12-31 CN¥1.66 CN¥29.93 x
2014-12-31 CN¥1.78 CN¥29.93 x
2015-12-31 CN¥2.00 CN¥29.93 x
2016-12-31 CN¥2.33 CN¥29.93 x
2017-12-31 CN¥2.70 CN¥29.93 x
2018-12-31 CN¥3.04 CN¥29.93 x
2019-12-31 CN¥3.37 CN¥29.93 x
2020-12-31 CN¥3.79 CN¥29.93 x
2021-12-31 CN¥4.49 CN¥29.93 x
2022-12-31 CN¥5.14 CN¥29.93 x
2023-12-31 CN¥5.71 CN¥29.93 x
2024-12-31 CN¥6.41 CN¥29.93 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Hongfa Technology Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

  • Current Return on Equity (ROE): 17.16%
  • The company demonstrates strong efficiency in generating profits from shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 11.57%
  • • Asset Turnover: 0.68x
  • • Equity Multiplier: 2.17x
  • Recent ROE (17.16%) is above the historical average (9.28%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
1992 12.91% 8.09% 0.89x 1.80x CN¥3.53 Million
1993 12.50% 7.03% 0.76x 2.33x CN¥3.14 Million
1994 7.85% 5.44% 0.59x 2.43x CN¥-2.95 Million
1995 9.84% 6.58% 0.53x 2.80x CN¥-233.73K
1996 0.75% 0.87% 0.41x 2.11x CN¥-19.48 Million
1997 1.62% 1.94% 0.38x 2.18x CN¥-17.89 Million
1998 -15.58% -17.52% 0.36x 2.47x CN¥-44.68 Million
1999 0.88% 1.07% 0.29x 2.84x CN¥-13.57 Million
2000 -11.59% -14.96% 0.24x 3.25x CN¥-28.62 Million
2001 3.08% 4.10% 0.19x 4.00x CN¥-9.47 Million
2002 8.76% 8.44% 0.35x 2.98x CN¥-2.43 Million
2003 4.76% 4.17% 0.37x 3.12x CN¥-10.80 Million
2004 1.10% 0.72% 0.39x 3.94x CN¥-18.55 Million
2005 0.79% 0.52% 0.39x 3.91x CN¥-19.36 Million
2006 -48.96% -15.30% 0.62x 5.15x CN¥-83.24 Million
2007 2.08% 0.53% 0.74x 5.37x CN¥-11.14 Million
2008 -61.44% -8.67% 0.79x 8.98x CN¥-63.68 Million
2009 0.00% -20.39% 1.03x 0.00x CN¥-118.39 Million
2010 157.84% 1.51% 1.12x 93.48x CN¥9.34 Million
2011 0.00% 7.53% 4.76x 0.00x CN¥242.64 Million
2012 24.97% 9.28% 1.02x 2.65x CN¥167.35 Million
2013 15.12% 9.58% 0.78x 2.02x CN¥111.15 Million
2014 16.52% 10.58% 0.86x 1.82x CN¥169.70 Million
2015 16.19% 11.12% 0.79x 1.85x CN¥180.59 Million
2016 17.13% 11.45% 0.78x 1.91x CN¥242.16 Million
2017 17.38% 11.38% 0.79x 1.94x CN¥290.79 Million
2018 15.77% 10.16% 0.77x 2.01x CN¥255.64 Million
2019 14.30% 9.94% 0.69x 2.07x CN¥211.70 Million
2020 15.05% 10.64% 0.72x 1.96x CN¥279.39 Million
2021 16.23% 10.60% 0.73x 2.09x CN¥407.80 Million
2022 16.68% 10.74% 0.73x 2.13x CN¥500.64 Million
2023 16.70% 10.77% 0.73x 2.12x CN¥558.87 Million
2024 17.16% 11.57% 0.68x 2.17x CN¥680.60 Million

Industry Comparison

This section compares Hongfa Technology Co Ltd's net assets metrics with peer companies in the Electrical Equipment & Parts industry.

Industry Context

  • Industry: Electrical Equipment & Parts
  • Average net assets among peers: $2,399,685,798
  • Average return on equity (ROE) among peers: -30.02%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Hongfa Technology Co Ltd (600885) CN¥13.55 Billion 12.91% 0.62x $4.25 Billion
XJ Electric Co Ltd (000400) $11.69 Billion 8.60% 0.87x $2.50 Billion
Guangdong Macro Co Ltd (000533) $259.29 Million -377.39% 9.44x $880.32 Million
Shandong Xinneng Taishan Power Generation Co Ltd (000720) $1.31 Billion 8.55% 0.86x $364.23 Million
Huagong Tech Co Ltd (000988) $3.01 Billion 5.01% 0.66x $9.70 Billion
Hunan Valin Wire & Cable Co Ltd (001208) $1.62 Billion 6.74% 1.87x $855.32 Million
Shijiazhuang Shangtai Technology Co. Ltd. A (001301) $1.35 Billion 11.31% 0.12x $1.62 Billion
Guangdong Xinyaguang Cable Co (001382) $804.28 Million 11.99% 1.13x $201.71 Million
Sieyuan Electric Co Ltd (002028) $3.44 Billion 10.09% 0.45x $14.61 Billion
Shanghai Welltech Automation Co Ltd (002058) $186.07 Million 7.07% 0.22x $217.00 Million
Gotion High tech Co Ltd (002074) $324.01 Million 7.87% 0.45x $5.08 Billion