Hongfa Technology Co Ltd
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) - Total Assets
Latest total assets as of September 2025: CN¥21.89 Billion CNY
Based on the latest financial reports, Hongfa Technology Co Ltd (600885) holds total assets worth CN¥21.89 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.
Hongfa Technology Co Ltd - Total Assets Trend (1992–2024)
This chart illustrates how Hongfa Technology Co Ltd’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Hongfa Technology Co Ltd - Asset Composition Analysis
Current Asset Composition (December 2024)
Hongfa Technology Co Ltd's total assets of CN¥21.89 Billion consist of 62.3% current assets and 37.7% non-current assets.
| Asset Category | Amount (CNY) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | CN¥0.00 | 19.1% |
| Accounts Receivable | CN¥4.97 Billion | 24.1% |
| Inventory | CN¥3.49 Billion | 16.9% |
| Property, Plant & Equipment | CN¥0.00 | 0.0% |
| Intangible Assets | CN¥485.29 Million | 2.4% |
| Goodwill | CN¥13.41 Million | 0.1% |
Asset Composition Trend (1992–2024)
This chart illustrates how Hongfa Technology 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: Hongfa Technology Co Ltd's current assets represent 62.3% of total assets in 2024, a decrease from 67.9% in 1992.
- Cash Position: Cash and equivalents constituted 19.1% of total assets in 2024, up from 0.0% in 1992.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 2.0% of total assets, an increase from 0.0% in 1992.
- Asset Diversification: The largest asset category is accounts receivable at 24.1% of total assets.
Hongfa Technology Co Ltd Competitors by Total Assets
Key competitors of Hongfa Technology Co Ltd based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
YM Tech Co. Ltd.
KQ:273640
|
Korea | ₩61.47 Billion |
|
T-Conn Precision Corporation
TWO:6833
|
Taiwan | NT$1.20 Billion |
|
Supercomnet Technologies Bhd
KLSE:0001
|
Malaysia | RM454.76 Million |
|
XJ Electric Co Ltd
SHE:000400
|
China | CN¥26.30 Billion |
|
Guangdong Macro Co Ltd
SHE:000533
|
China | CN¥2.88 Billion |
|
Shandong Sacred Sun Power Sources Co Ltd
SHE:002580
|
China | CN¥4.04 Billion |
|
Shandong Xinneng Taishan Power Generation Co Ltd
SHE:000720
|
China | CN¥5.21 Billion |
|
Huagong Tech Co Ltd
SHE:000988
|
China | CN¥21.08 Billion |
Hongfa Technology 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
Moderate asset utilization - Hongfa Technology Co Ltd generates 0.68x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Solid ROA - For every $100 in assets, Hongfa Technology Co Ltd generates $7.89 in net profit.
Hongfa Technology 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 | 2.83 | 2.60 | 2.56 |
| Quick Ratio | 2.11 | 2.01 | 1.94 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | CN¥8.88 Billion | CN¥ 7.94 Billion | CN¥ 3.75 Billion |
Hongfa Technology Co Ltd - Advanced Valuation Insights
This section examines the relationship between Hongfa Technology 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 | 4.49 |
| Latest Market Cap to Assets Ratio | 0.21 |
| Asset Growth Rate (YoY) | 16.6% |
| Total Assets | CN¥20.66 Billion |
| Market Capitalization | $4.25 Billion USD |
Valuation Analysis
Below Book Valuation: The market values Hongfa Technology Co Ltd's assets below their book value (0.21 x), which may indicate investor concerns about asset quality or future growth.
Rapid Asset Growth: Hongfa Technology Co Ltd's assets grew by 16.6% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for Hongfa Technology Co Ltd (1992–2024)
The table below shows the annual total assets of Hongfa Technology Co Ltd from 1992 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥20.66 Billion | +16.59% |
| 2023-12-31 | CN¥17.72 Billion | +10.84% |
| 2022-12-31 | CN¥15.99 Billion | +17.01% |
| 2021-12-31 | CN¥13.67 Billion | +26.04% |
| 2020-12-31 | CN¥10.84 Billion | +6.33% |
| 2019-12-31 | CN¥10.20 Billion | +14.69% |
| 2018-12-31 | CN¥8.89 Billion | +16.32% |
| 2017-12-31 | CN¥7.64 Billion | +17.64% |
| 2016-12-31 | CN¥6.50 Billion | +20.43% |
| 2015-12-31 | CN¥5.40 Billion | +13.77% |
| 2014-12-31 | CN¥4.74 Billion | +8.38% |
| 2013-12-31 | CN¥4.38 Billion | +47.74% |
| 2012-12-31 | CN¥2.96 Billion | +366.83% |
| 2011-12-31 | CN¥634.47 Million | +7.45% |
| 2010-12-31 | CN¥590.49 Million | +2.14% |
| 2009-12-31 | CN¥578.14 Million | -27.79% |
| 2008-12-31 | CN¥800.66 Million | +5.89% |
| 2007-12-31 | CN¥756.13 Million | +3.96% |
| 2006-12-31 | CN¥727.35 Million | -11.40% |
| 2005-12-31 | CN¥820.92 Million | -0.04% |
| 2004-12-31 | CN¥821.29 Million | +27.96% |
| 2003-12-31 | CN¥641.85 Million | +9.90% |
| 2002-12-31 | CN¥584.02 Million | +6.62% |
| 2001-12-31 | CN¥547.74 Million | +27.28% |
| 2000-12-31 | CN¥430.35 Million | +1.70% |
| 1999-12-31 | CN¥423.13 Million | -2.00% |
| 1998-12-31 | CN¥431.76 Million | -7.28% |
| 1997-12-31 | CN¥465.66 Million | +4.77% |
| 1996-12-31 | CN¥444.47 Million | +11.79% |
| 1995-12-31 | CN¥397.61 Million | +19.68% |
| 1994-12-31 | CN¥332.23 Million | +13.58% |
| 1993-12-31 | CN¥292.50 Million | +33.68% |
| 1992-12-31 | CN¥218.80 Million | -- |