Hongfa Technology Co Ltd (600885) - Total Assets
Based on the latest financial reports, Hongfa Technology Co Ltd (600885) holds total assets worth CN¥23.57 Billion CNY (≈ $3.45 Billion USD) as of March 2026. 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. Check 600885 cash flow reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.
Hongfa Technology Co Ltd - Total Assets Trend (1992–2025)
This chart illustrates how Hongfa Technology Co Ltd's total assets have evolved over time, based on quarterly financial data. Check earnings quality score of Hongfa Technology Co Ltd to evaluate the quality of earnings relative to operating cash generation.
Hongfa Technology Co Ltd - Asset Composition Analysis
Current Asset Composition (December 2025)
Hongfa Technology Co Ltd's total assets of CN¥23.57 Billion consist of 64.1% current assets and 35.9% non-current assets.
| Asset Category | Amount (CNY) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | CN¥0.00 | 15.5% |
| Accounts Receivable | CN¥4.14 Billion | 17.7% |
| Inventory | CN¥4.28 Billion | 18.3% |
| Property, Plant & Equipment | CN¥0.00 | 0.0% |
| Intangible Assets | CN¥467.68 Million | 2.0% |
| Goodwill | CN¥13.41 Million | 0.1% |
Asset Composition Trend (1992–2025)
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. For live market cap, price, and company overview, see Hongfa Technology Co Ltd market capitalisation.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Hongfa Technology Co Ltd's current assets represent 64.1% of total assets in 2025, a decrease from 67.9% in 1992.
- Cash Position: Cash and equivalents constituted 15.5% of total assets in 2025, 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 inventory at 18.3% 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 |
|---|---|---|
|
WEG S.A.
SA:WEGE3
|
Brazil | R$43.38 Billion |
|
Shenzhen Megmeet Electrical Co Ltd
SHE:002851
|
China | CN¥15.98 Billion |
|
NKT A/S
CO:NKT
|
Denmark | Dkr37.36 Billion |
|
Fortune Electric Co Ltd
TW:1519
|
Taiwan | NT$29.92 Billion |
|
Xiamen Kehua Hengsheng
SHE:002335
|
China | CN¥13.73 Billion |
|
Nantong Haixing Electronics Co Ltd
SHG:603115
|
China | CN¥3.02 Billion |
|
Tongling Jingd
SHG:600577
|
China | CN¥15.66 Billion |
|
Sinomag Technology Co Ltd
SHE:300835
|
China | CN¥2.38 Billion |
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 | 2.57 | 2.57 | 2.44 |
| Quick Ratio | 1.82 | 2.00 | 1.81 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | CN¥9.09 Billion | CN¥8.10 Billion | CN¥3.94 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 | 3.93 |
| Latest Market Cap to Assets Ratio | 0.34 |
| Asset Growth Rate (YoY) | 13.1% |
| Total Assets | CN¥23.36 Billion |
| Market Capitalization | $7.98 Billion USD |
Valuation Analysis
Below Book Valuation: The market values Hongfa Technology Co Ltd's assets below their book value (0.34x), which may indicate investor concerns about asset quality or future growth.
Rapid Asset Growth: Hongfa Technology Co Ltd's assets grew by 13.1% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for Hongfa Technology Co Ltd (1992–2025)
The table below shows the annual total assets of Hongfa Technology Co Ltd from 1992 to 2025.
| Year | Total Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥23.36 Billion ≈ $3.42 Billion |
+13.06% |
| 2024-12-31 | CN¥20.66 Billion ≈ $3.02 Billion |
+16.59% |
| 2023-12-31 | CN¥17.72 Billion ≈ $2.59 Billion |
+10.84% |
| 2022-12-31 | CN¥15.99 Billion ≈ $2.34 Billion |
+17.01% |
| 2021-12-31 | CN¥13.67 Billion ≈ $2.00 Billion |
+26.04% |
| 2020-12-31 | CN¥10.84 Billion ≈ $1.59 Billion |
+6.33% |
| 2019-12-31 | CN¥10.20 Billion ≈ $1.49 Billion |
+14.69% |
| 2018-12-31 | CN¥8.89 Billion ≈ $1.30 Billion |
+16.32% |
| 2017-12-31 | CN¥7.64 Billion ≈ $1.12 Billion |
+17.64% |
| 2016-12-31 | CN¥6.50 Billion ≈ $950.82 Million |
+20.43% |
| 2015-12-31 | CN¥5.40 Billion ≈ $789.55 Million |
+13.77% |
| 2014-12-31 | CN¥4.74 Billion ≈ $693.99 Million |
+8.38% |
| 2013-12-31 | CN¥4.38 Billion ≈ $640.33 Million |
+47.74% |
| 2012-12-31 | CN¥2.96 Billion ≈ $433.42 Million |
+366.83% |
| 2011-12-31 | CN¥634.47 Million ≈ $92.84 Million |
+7.45% |
| 2010-12-31 | CN¥590.49 Million ≈ $86.41 Million |
+2.14% |
| 2009-12-31 | CN¥578.14 Million ≈ $84.60 Million |
-27.79% |
| 2008-12-31 | CN¥800.66 Million ≈ $117.16 Million |
+5.89% |
| 2007-12-31 | CN¥756.13 Million ≈ $110.65 Million |
+3.96% |
| 2006-12-31 | CN¥727.35 Million ≈ $106.43 Million |
-11.40% |
| 2005-12-31 | CN¥820.92 Million ≈ $120.13 Million |
-0.04% |
| 2004-12-31 | CN¥821.29 Million ≈ $120.18 Million |
+27.96% |
| 2003-12-31 | CN¥641.85 Million ≈ $93.92 Million |
+9.90% |
| 2002-12-31 | CN¥584.02 Million ≈ $85.46 Million |
+6.62% |
| 2001-12-31 | CN¥547.74 Million ≈ $80.15 Million |
+27.28% |
| 2000-12-31 | CN¥430.35 Million ≈ $62.97 Million |
+1.70% |
| 1999-12-31 | CN¥423.13 Million ≈ $61.92 Million |
-2.00% |
| 1998-12-31 | CN¥431.76 Million ≈ $63.18 Million |
-7.28% |
| 1997-12-31 | CN¥465.66 Million ≈ $68.14 Million |
+4.77% |
| 1996-12-31 | CN¥444.47 Million ≈ $65.04 Million |
+11.79% |
| 1995-12-31 | CN¥397.61 Million ≈ $58.18 Million |
+19.68% |
| 1994-12-31 | CN¥332.23 Million ≈ $48.62 Million |
+13.58% |
| 1993-12-31 | CN¥292.50 Million ≈ $42.80 Million |
+33.68% |
| 1992-12-31 | CN¥218.80 Million ≈ $32.02 Million |
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About 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 power, automotive, high voltage dc, latching, signal, high-frequency, reed, industrial, and solid-state relays; relay socket and module; application elect… Read more