Ningbo Huaxiang Electronic Co Ltd
Ningbo Huaxiang Electronic Co., Ltd. designs, develops, produces, and sells auto parts in the People's Republic of China and internationally. The company offers instrument assembly, central control assembly, door panel assembly, ceiling assembly, pillar assembly, trunk parts, headrests, air ducts, grille, fuel/rechargeable, covers, electric pedals and other interior and exterior trims; battery pa… Read more
Ningbo Huaxiang Electronic Co Ltd (002048) - Total Assets
Latest total assets as of September 2025: CN¥26.08 Billion CNY
Based on the latest financial reports, Ningbo Huaxiang Electronic Co Ltd (002048) holds total assets worth CN¥26.08 Billion CNY as of September 2025.
Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments.
Ningbo Huaxiang Electronic Co Ltd - Total Assets Trend (2002–2024)
This chart illustrates how Ningbo Huaxiang Electronic Co Ltd’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Ningbo Huaxiang Electronic Co Ltd - Asset Composition Analysis
Current Asset Composition (December 2024)
Ningbo Huaxiang Electronic Co Ltd's total assets of CN¥26.08 Billion consist of 54.8% current assets and 45.2% non-current assets.
| Asset Category | Amount (CNY) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | CN¥0.00 | 9.7% |
| Accounts Receivable | CN¥9.41 Billion | 32.3% |
| Inventory | CN¥3.07 Billion | 10.5% |
| Property, Plant & Equipment | CN¥0.00 | 0.0% |
| Intangible Assets | CN¥566.10 Million | 1.9% |
| Goodwill | CN¥943.44 Million | 3.2% |
Asset Composition Trend (2002–2024)
This chart illustrates how Ningbo Huaxiang Electronic Co Ltd's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Ningbo Huaxiang Electronic Co Ltd's current assets represent 54.8% of total assets in 2024, an increase from 43.7% in 2002.
- Cash Position: Cash and equivalents constituted 9.7% of total assets in 2024, up from 7.7% in 2002.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 4.0% of total assets, a decrease from 5.0% in 2002.
- Asset Diversification: The largest asset category is accounts receivable at 32.3% of total assets.
Ningbo Huaxiang Electronic Co Ltd Competitors by Total Assets
Key competitors of Ningbo Huaxiang Electronic Co Ltd based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Prima Alloy Steel Universal
JK:PRAS
|
Indonesia | Rp1.44 Trillion |
|
Cho Kwang Leat
KO:004700
|
Korea | ₩641.81 Billion |
|
FAWER Automotive Parts Ltd Co
SHE:000030
|
China | CN¥18.86 Billion |
|
Daewonkangup
KO:000430
|
Korea | ₩1.39 Trillion |
|
Wanxiang Qianchao Co Ltd
SHE:000559
|
China | CN¥24.64 Billion |
|
Gui Zhou Tyre Co Ltd
SHE:000589
|
China | CN¥18.30 Billion |
|
Qingdao Doublestar Co Ltd
SHE:000599
|
China | CN¥9.23 Billion |
|
Hengli Industrial Development Group Co Ltd
SHE:000622
|
China | CN¥481.53 Million |
Ningbo Huaxiang Electronic Co Ltd - Asset Efficiency Metrics
Asset efficiency metrics measure how effectively a company uses its assets to generate revenue and profits. These indicators help investors evaluate management's ability to deploy capital efficiently.
Asset Turnover Ratio
Measures how efficiently a company uses its assets to generate sales
Strong asset utilization - Ningbo Huaxiang Electronic Co Ltd generates 0.90x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Moderate ROA - For every $100 in assets, Ningbo Huaxiang Electronic Co Ltd generates $ 3.27 in net profit.
Ningbo Huaxiang Electronic Co Ltd - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 1.18 | 1.16 | 1.66 |
| Quick Ratio | 0.97 | 0.89 | 1.32 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | CN¥2.14 Billion | CN¥ 2.13 Billion | CN¥ 4.12 Billion |
Ningbo Huaxiang Electronic Co Ltd - Advanced Valuation Insights
This section examines the relationship between Ningbo Huaxiang Electronic Co Ltd's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 2.31 |
| Latest Market Cap to Assets Ratio | 0.06 |
| Asset Growth Rate (YoY) | 7.1% |
| Total Assets | CN¥29.16 Billion |
| Market Capitalization | $1.69 Billion USD |
Valuation Analysis
Below Book Valuation: The market values Ningbo Huaxiang Electronic Co Ltd's assets below their book value (0.06 x), which may indicate investor concerns about asset quality or future growth.
Positive Asset Growth: Ningbo Huaxiang Electronic Co Ltd's assets grew by 7.1% over the past year, showing continued investment in the company's operational capacity.
Annual Total Assets for Ningbo Huaxiang Electronic Co Ltd (2002–2024)
The table below shows the annual total assets of Ningbo Huaxiang Electronic Co Ltd from 2002 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥29.16 Billion | +7.13% |
| 2023-12-31 | CN¥27.21 Billion | +18.64% |
| 2022-12-31 | CN¥22.94 Billion | +5.25% |
| 2021-12-31 | CN¥21.80 Billion | +14.08% |
| 2020-12-31 | CN¥19.10 Billion | +11.52% |
| 2019-12-31 | CN¥17.13 Billion | +5.34% |
| 2018-12-31 | CN¥16.26 Billion | +0.36% |
| 2017-12-31 | CN¥16.20 Billion | +19.86% |
| 2016-12-31 | CN¥13.52 Billion | +28.41% |
| 2015-12-31 | CN¥10.53 Billion | +22.52% |
| 2014-12-31 | CN¥8.59 Billion | +21.53% |
| 2013-12-31 | CN¥7.07 Billion | +35.14% |
| 2012-12-31 | CN¥5.23 Billion | +19.67% |
| 2011-12-31 | CN¥4.37 Billion | +8.09% |
| 2010-12-31 | CN¥4.04 Billion | +45.47% |
| 2009-12-31 | CN¥2.78 Billion | -8.85% |
| 2008-12-31 | CN¥3.05 Billion | +11.53% |
| 2007-12-31 | CN¥2.74 Billion | +27.88% |
| 2006-12-31 | CN¥2.14 Billion | +125.10% |
| 2005-12-31 | CN¥950.17 Million | +103.01% |
| 2004-12-31 | CN¥468.04 Million | +34.96% |
| 2003-12-31 | CN¥346.79 Million | +53.10% |
| 2002-12-31 | CN¥226.51 Million | -- |