Hiconics Drive Tech Co (300048) - Total Assets
Based on the latest financial reports, Hiconics Drive Tech Co (300048) holds total assets worth CN¥4.97 Billion CNY (≈ $727.38 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 shareholders equity of Hiconics Drive Tech Co for net asset value and shareholders' equity analysis.
Hiconics Drive Tech Co - Total Assets Trend (2006–2024)
This chart illustrates how Hiconics Drive Tech Co's total assets have evolved over time, based on quarterly financial data.
Hiconics Drive Tech Co - Asset Composition Analysis
Current Asset Composition (December 2024)
Hiconics Drive Tech Co's total assets of CN¥4.97 Billion consist of 77.6% current assets and 22.4% non-current assets.
| Asset Category | Amount (CNY) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | CN¥0.00 | 27.0% |
| Accounts Receivable | CN¥1.28 Billion | 27.6% |
| Inventory | CN¥994.96 Million | 21.5% |
| Property, Plant & Equipment | CN¥0.00 | 0.0% |
| Intangible Assets | CN¥93.80 Million | 2.0% |
| Goodwill | CN¥25.79 Million | 0.6% |
Asset Composition Trend (2006–2024)
This chart illustrates how Hiconics Drive Tech Co'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 Hiconics Drive Tech Co stock valuation.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Hiconics Drive Tech Co's current assets represent 77.6% of total assets in 2024, a decrease from 95.7% in 2006.
- Cash Position: Cash and equivalents constituted 27.0% of total assets in 2024, up from 9.6% in 2006.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 2.0% of total assets, an increase from 0.0% in 2006.
- Asset Diversification: The largest asset category is accounts receivable at 27.6% of total assets.
Hiconics Drive Tech Co Competitors by Total Assets
Key competitors of Hiconics Drive Tech Co based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Huagong Tech Co Ltd
SHE:000988
|
China | CN¥21.08 Billion |
|
Ecopro BM. Co. Ltd
KQ:247540
|
Korea | ₩4.62 Trillion |
|
Hongfa Technology Co Ltd
SHG:600885
|
China | CN¥21.89 Billion |
|
Nantong Haixing Electronics Co Ltd
SHG:603115
|
China | CN¥3.02 Billion |
|
Zhejiang Wanma Co Ltd
SHE:002276
|
China | CN¥16.57 Billion |
|
Sinomag Technology Co Ltd
SHE:300835
|
China | CN¥2.38 Billion |
|
Dongguan Aohai Technology Co
SHE:002993
|
China | CN¥9.32 Billion |
|
HEG Limited
NSE:HEG
|
India | Rs59.41 Billion |
Hiconics Drive Tech Co - 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 | 1.36 | 1.28 | 1.82 |
| Quick Ratio | 1.14 | 1.03 | 1.37 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | CN¥1.07 Billion | CN¥726.85 Million | CN¥674.34 Million |
Hiconics Drive Tech Co - Advanced Valuation Insights
This section examines the relationship between Hiconics Drive Tech Co'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 | 4.26 |
| Latest Market Cap to Assets Ratio | 0.23 |
| Asset Growth Rate (YoY) | 46.4% |
| Total Assets | CN¥4.63 Billion |
| Market Capitalization | $1.06 Billion USD |
Valuation Analysis
Below Book Valuation: The market values Hiconics Drive Tech Co's assets below their book value (0.23x), which may indicate investor concerns about asset quality or future growth.
Rapid Asset Growth: Hiconics Drive Tech Co's assets grew by 46.4% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for Hiconics Drive Tech Co (2006–2024)
The table below shows the annual total assets of Hiconics Drive Tech Co from 2006 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥4.63 Billion ≈ $678.06 Million |
+46.36% |
| 2023-12-31 | CN¥3.17 Billion ≈ $463.29 Million |
+13.97% |
| 2022-12-31 | CN¥2.78 Billion ≈ $406.51 Million |
+11.80% |
| 2021-12-31 | CN¥2.48 Billion ≈ $363.60 Million |
-4.43% |
| 2020-12-31 | CN¥2.60 Billion ≈ $380.45 Million |
-30.76% |
| 2019-12-31 | CN¥3.75 Billion ≈ $549.46 Million |
-9.59% |
| 2018-12-31 | CN¥4.15 Billion ≈ $607.73 Million |
-11.38% |
| 2017-12-31 | CN¥4.69 Billion ≈ $685.76 Million |
-4.90% |
| 2016-12-31 | CN¥4.93 Billion ≈ $721.09 Million |
+46.42% |
| 2015-12-31 | CN¥3.37 Billion ≈ $492.49 Million |
+60.86% |
| 2014-12-31 | CN¥2.09 Billion ≈ $306.17 Million |
+12.92% |
| 2013-12-31 | CN¥1.85 Billion ≈ $271.14 Million |
+3.19% |
| 2012-12-31 | CN¥1.80 Billion ≈ $262.74 Million |
-1.14% |
| 2011-12-31 | CN¥1.82 Billion ≈ $265.78 Million |
+17.84% |
| 2010-12-31 | CN¥1.54 Billion ≈ $225.54 Million |
+276.82% |
| 2009-12-31 | CN¥409.03 Million ≈ $59.85 Million |
+70.43% |
| 2008-12-31 | CN¥240.00 Million ≈ $35.12 Million |
+128.36% |
| 2007-12-31 | CN¥105.10 Million ≈ $15.38 Million |
+149.96% |
| 2006-12-31 | CN¥42.05 Million ≈ $6.15 Million |
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About Hiconics Drive Tech Co
Hiconics Eco-energy Technology Co., Ltd. engages in the industrial control, residential energy storage, and distributed PV EPC businesses in China and internationally. It operates through the Inverter, Photovoltaic EPC, Household Energy Storage, and Others segments. The company offers photovoltaic solutions, including residential, commercial, and industrial photovoltaic solutions; Midea PV grid-c… Read more