Hangzhou First PV Material Co Ltd (603806) - Total Assets
Based on the latest financial reports, Hangzhou First PV Material Co Ltd (603806) holds total assets worth CN¥20.68 Billion CNY (≈ $3.03 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.
Hangzhou First PV Material Co Ltd - Total Assets Trend (2009–2024)
This chart illustrates how Hangzhou First PV Material Co Ltd's total assets have evolved over time, based on quarterly financial data. Also see market cap of Hangzhou First PV Material Co Ltd for the company's overall valuation and market capitalisation.
Hangzhou First PV Material Co Ltd - Asset Composition Analysis
Current Asset Composition (December 2024)
Hangzhou First PV Material Co Ltd's total assets of CN¥20.68 Billion consist of 75.1% current assets and 24.9% non-current assets. Review Hangzhou First PV Material Co Ltd total liabilities to assess the company's total debt and financial obligations.
| Asset Category | Amount (CNY) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | CN¥0.00 | 23.6% |
| Accounts Receivable | CN¥5.92 Billion | 27.9% |
| Inventory | CN¥1.87 Billion | 8.8% |
| Property, Plant & Equipment | CN¥0.00 | 0.0% |
| Intangible Assets | CN¥458.49 Million | 2.2% |
| Goodwill | CN¥0.00 | 0.0% |
Asset Composition Trend (2009–2024)
This chart illustrates how Hangzhou First PV Material 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. See 603806 live share price for real-time trading data and today's change.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Hangzhou First PV Material Co Ltd's current assets represent 75.1% of total assets in 2024, an increase from 61.8% in 2009.
- Cash Position: Cash and equivalents constituted 23.6% of total assets in 2024, up from 8.7% in 2009.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 2.0% of total assets, a decrease from 14.0% in 2009.
- Asset Diversification: The largest asset category is accounts receivable at 27.9% of total assets.
Hangzhou First PV Material Co Ltd Competitors by Total Assets
Key competitors of Hangzhou First PV Material Co Ltd based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Ferrotec (Anhui) Technology Development Co. Ltd. A
SHE:301297
|
China | CN¥6.83 Billion |
|
Shanghai Originaldow Advanced
SHG:603991
|
China | CN¥4.81 Billion |
|
SDI Corp
TW:2351
|
Taiwan | NT$12.74 Billion |
|
LandMark Optoelectronics
TWO:3081
|
Taiwan | NT$5.68 Billion |
|
Shenzhen Newway Photomask Making Co. Ltd. A
SHG:688401
|
China | CN¥3.18 Billion |
|
Bluglass Ltd
AU:BLG
|
Australia | AU$16.84 Million |
|
Spectra7 Microsystems Inc
V:SEV
|
Canada | CA$3.23 Million |
|
NAURA Technology Group Co Ltd
SHE:002371
|
China | CN¥91.06 Billion |
Hangzhou First PV Material 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 | 13.11 | 8.26 | 8.24 |
| Quick Ratio | 11.42 | 7.18 | 7.37 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | CN¥14.12 Billion | CN¥14.47 Billion | CN¥8.19 Billion |
Hangzhou First PV Material Co Ltd - Advanced Valuation Insights
This section examines the relationship between Hangzhou First PV Material 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 | 2.87 |
| Latest Market Cap to Assets Ratio | 0.26 |
| Asset Growth Rate (YoY) | -2.9% |
| Total Assets | CN¥21.21 Billion |
| Market Capitalization | $5.49 Billion USD |
Valuation Analysis
Below Book Valuation: The market values Hangzhou First PV Material Co Ltd's assets below their book value (0.26x), which may indicate investor concerns about asset quality or future growth.
Slight Asset Contraction: Hangzhou First PV Material Co Ltd's assets decreased by 2.9% over the past year, which may reflect streamlining or optimization of resources.
Annual Total Assets for Hangzhou First PV Material Co Ltd (2009–2024)
The table below shows the annual total assets of Hangzhou First PV Material Co Ltd from 2009 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥21.21 Billion ≈ $3.10 Billion |
-2.86% |
| 2023-12-31 | CN¥21.84 Billion ≈ $3.20 Billion |
+8.13% |
| 2022-12-31 | CN¥20.19 Billion ≈ $2.96 Billion |
+47.54% |
| 2021-12-31 | CN¥13.69 Billion ≈ $2.00 Billion |
+18.56% |
| 2020-12-31 | CN¥11.54 Billion ≈ $1.69 Billion |
+39.01% |
| 2019-12-31 | CN¥8.31 Billion ≈ $1.22 Billion |
+28.64% |
| 2018-12-31 | CN¥6.46 Billion ≈ $944.70 Million |
+13.19% |
| 2017-12-31 | CN¥5.70 Billion ≈ $834.58 Million |
+3.76% |
| 2016-12-31 | CN¥5.50 Billion ≈ $804.31 Million |
+13.68% |
| 2015-12-31 | CN¥4.83 Billion ≈ $707.51 Million |
+13.50% |
| 2014-12-31 | CN¥4.26 Billion ≈ $623.38 Million |
+81.48% |
| 2013-12-31 | CN¥2.35 Billion ≈ $343.49 Million |
+11.64% |
| 2012-12-31 | CN¥2.10 Billion ≈ $307.67 Million |
+41.00% |
| 2011-12-31 | CN¥1.49 Billion ≈ $218.20 Million |
+62.73% |
| 2010-12-31 | CN¥916.37 Million ≈ $134.09 Million |
+168.55% |
| 2009-12-31 | CN¥341.23 Million ≈ $49.93 Million |
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About Hangzhou First PV Material Co Ltd
Hangzhou First Applied Material Co., Ltd., together with its subsidiaries, designs, develops, manufactures, and sells solar battery encapsulation materials in China and internationally. It operates through Photovoltaic Film, Photovoltaic Backplane, Solar Power Generation System, Aluminum plastic film, and Photosensitive Dry Film segments. The company offers encapsulant EVA films, polyolefin films… Read more