Hes Technology Group (002963) - Total Assets
Based on the latest financial reports, Hes Technology Group (002963) holds total assets worth CN¥1.73 Billion CNY (≈ $253.06 Million USD) 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. See Hes Technology Group shareholders equity for net asset value and shareholders' equity analysis.
Hes Technology Group - Total Assets Trend (2015–2024)
This chart illustrates how Hes Technology Group's total assets have evolved over time, based on quarterly financial data.
Hes Technology Group - Asset Composition Analysis
Current Asset Composition (December 2024)
Hes Technology Group's total assets of CN¥1.73 Billion consist of 79.2% current assets and 20.8% non-current assets.
| Asset Category | Amount (CNY) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | CN¥0.00 | 20.2% |
| Accounts Receivable | CN¥821.82 Million | 45.1% |
| Inventory | CN¥20.81 Million | 1.1% |
| Property, Plant & Equipment | CN¥0.00 | 0.0% |
| Intangible Assets | CN¥875.74K | 0.1% |
| Goodwill | CN¥0.00 | 0.0% |
Asset Composition Trend (2015–2024)
This chart illustrates how Hes Technology Group'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. For live market cap, price, and company overview, see Hes Technology Group market capitalisation.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Hes Technology Group's current assets represent 79.2% of total assets in 2024, a decrease from 90.1% in 2015.
- Cash Position: Cash and equivalents constituted 20.2% of total assets in 2024, up from 12.1% in 2015.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2015.
- Asset Diversification: The largest asset category is accounts receivable at 45.1% of total assets.
Hes Technology Group Competitors by Total Assets
Key competitors of Hes Technology Group based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Elite Material Co Ltd
TW:2383
|
Taiwan | NT$107.91 Billion |
|
Avary Holding Shenzhen Co Ltd Class A
SHE:002938
|
China | CN¥47.93 Billion |
|
WT Microelectronics Co Ltd
TW:3036
|
Taiwan | NT$527.56 Billion |
|
Shenzhen Sunway Communication
SHE:300136
|
China | CN¥13.57 Billion |
|
Shenzhen Everwin Precision Tech
SHE:300115
|
China | CN¥22.57 Billion |
|
TDG Holding Co Ltd
SHG:600330
|
China | CN¥11.61 Billion |
|
Guizhou Space Appliance Co Ltd
SHE:002025
|
China | CN¥12.10 Billion |
|
Poco Holding Co Ltd
SHE:300811
|
China | CN¥3.80 Billion |
Hes Technology Group - 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 | 3.24 | 3.77 | 4.36 |
| Quick Ratio | 3.18 | 3.70 | 4.26 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | CN¥920.06 Million | CN¥1.07 Billion | CN¥1.57 Billion |
Hes Technology Group - Advanced Valuation Insights
This section examines the relationship between Hes Technology Group'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 | 1.78 |
| Latest Market Cap to Assets Ratio | 0.21 |
| Asset Growth Rate (YoY) | -11.1% |
| Total Assets | CN¥1.82 Billion |
| Market Capitalization | $376.24 Million USD |
Valuation Analysis
Below Book Valuation: The market values Hes Technology Group's assets below their book value (0.21x), which may indicate investor concerns about asset quality or future growth.
Significant Asset Reduction: Hes Technology Group's assets decreased by 11.1% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for Hes Technology Group (2015–2024)
The table below shows the annual total assets of Hes Technology Group from 2015 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.82 Billion ≈ $266.81 Million |
-11.08% |
| 2023-12-31 | CN¥2.05 Billion ≈ $300.04 Million |
-3.11% |
| 2022-12-31 | CN¥2.12 Billion ≈ $309.67 Million |
-8.42% |
| 2021-12-31 | CN¥2.31 Billion ≈ $338.14 Million |
+8.21% |
| 2020-12-31 | CN¥2.14 Billion ≈ $312.50 Million |
-6.62% |
| 2019-12-31 | CN¥2.29 Billion ≈ $334.67 Million |
+119.35% |
| 2018-12-31 | CN¥1.04 Billion ≈ $152.57 Million |
+54.06% |
| 2017-12-31 | CN¥676.76 Million ≈ $99.03 Million |
+71.61% |
| 2016-12-31 | CN¥394.35 Million ≈ $57.71 Million |
+55.72% |
| 2015-12-31 | CN¥253.24 Million ≈ $37.06 Million |
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About Hes Technology Group
Haoersai Technology Group Corp., Ltd. designs, constructs, procures, operates, maintains, and sells lighting engineering products primarily in China. The company offers smart light poles that are applied to various scenarios, including smart communities, smart security, and smart parking; and smart city and town, digital village, smart parking and security, and smart sanitation solutions. It also… Read more