Hongfa Technology Co Ltd (600885) - Total Assets
Based on the latest financial reports, Hongfa Technology Co Ltd (600885) holds total assets worth CN¥21.89 Billion CNY (≈ $3.20 Billion 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 net assets of Hongfa Technology Co Ltd for net asset value and shareholders' equity analysis.
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.
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. 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 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 |
|---|---|---|
|
LG Energy Solution Ltd
KO:373220
|
Korea | ₩67.01 Trillion |
|
Guangzhou Great Power Energy&Technology Co Ltd
SHE:300438
|
China | CN¥20.32 Billion |
|
Tongding Interconnection Information
SHE:002491
|
China | CN¥6.10 Billion |
|
Guangdong Mingyang Electric Co. Ltd. A
SHE:301291
|
China | CN¥9.26 Billion |
|
Xi'an Sinofuse Electric Co. Ltd.
SHE:301031
|
China | CN¥2.65 Billion |
|
LS Materials
KQ:417200
|
Korea | ₩269.27 Billion |
|
CWB Automotive Electronics Co Ltd
SHG:605005
|
China | CN¥2.55 Billion |
|
Ningbo Ronbay New Energy Tech Ltd
SHG:688005
|
China | CN¥23.96 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 | 2.83 | 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 | 0.37 |
| Asset Growth Rate (YoY) | 16.6% |
| Total Assets | CN¥20.66 Billion |
| Market Capitalization | $7.57 Billion USD |
Valuation Analysis
Below Book Valuation: The market values Hongfa Technology Co Ltd's assets below their book value (0.37x), 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 ≈ $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 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