Hoymiles Power Electronics Inc (688032) - Total Assets
Based on the latest financial reports, Hoymiles Power Electronics Inc (688032) holds total assets worth CN¥7.77 Billion CNY (≈ $1.14 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 688032 total equity for net asset value and shareholders' equity analysis.
Hoymiles Power Electronics Inc - Total Assets Trend (2017–2024)
This chart illustrates how Hoymiles Power Electronics Inc's total assets have evolved over time, based on quarterly financial data.
Hoymiles Power Electronics Inc - Asset Composition Analysis
Current Asset Composition (December 2024)
Hoymiles Power Electronics Inc's total assets of CN¥7.77 Billion consist of 74.0% current assets and 26.0% non-current assets.
| Asset Category | Amount (CNY) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | CN¥0.00 | 49.3% |
| Accounts Receivable | CN¥1.10 Billion | 13.2% |
| Inventory | CN¥940.62 Million | 11.3% |
| Property, Plant & Equipment | CN¥0.00 | 0.0% |
| Intangible Assets | CN¥359.40 Million | 4.3% |
| Goodwill | CN¥0.00 | 0.0% |
Asset Composition Trend (2017–2024)
This chart illustrates how Hoymiles Power Electronics Inc'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 688032 market cap overview.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Hoymiles Power Electronics Inc's current assets represent 74.0% of total assets in 2024, a decrease from 80.1% in 2017.
- Cash Position: Cash and equivalents constituted 49.3% of total assets in 2024, up from 17.2% in 2017.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 4.0% of total assets, an increase from 1.0% in 2017.
- Asset Diversification: The largest asset category is accounts receivable at 13.2% of total assets.
Hoymiles Power Electronics Inc Competitors by Total Assets
Key competitors of Hoymiles Power Electronics Inc based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
EVE Energy
SHE:300014
|
China | CN¥116.37 Billion |
|
Ningbo Ronbay New Energy Tech Ltd
SHG:688005
|
China | CN¥23.96 Billion |
|
WindSun Science & Technology Co. Ltd. A
SHG:688663
|
China | CN¥3.42 Billion |
|
Chengdu Xuguang Electronics Co Ltd
SHG:600353
|
China | CN¥3.55 Billion |
|
East Group Co Ltd
SHE:300376
|
China | CN¥13.21 Billion |
|
Hammond Power Solutions Inc
TO:HPS-A
|
Canada | CA$583.72 Million |
|
Hunan Valin Wire & Cable Co Ltd
SHE:001208
|
China | CN¥6.12 Billion |
|
Enovix Corp
NASDAQ:ENVX
|
USA | $913.71 Million |
Hoymiles Power Electronics Inc - 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 | 4.17 | 4.18 | 2.14 |
| Quick Ratio | 3.35 | 3.51 | 1.50 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | CN¥4.12 Billion | CN¥4.71 Billion | CN¥221.93 Million |
Hoymiles Power Electronics Inc - Advanced Valuation Insights
This section examines the relationship between Hoymiles Power Electronics Inc'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 | 2.23 |
| Latest Market Cap to Assets Ratio | 0.25 |
| Asset Growth Rate (YoY) | 15.3% |
| Total Assets | CN¥8.33 Billion |
| Market Capitalization | $2.04 Billion USD |
Valuation Analysis
Below Book Valuation: The market values Hoymiles Power Electronics Inc's assets below their book value (0.25x), which may indicate investor concerns about asset quality or future growth.
Rapid Asset Growth: Hoymiles Power Electronics Inc's assets grew by 15.3% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for Hoymiles Power Electronics Inc (2017–2024)
The table below shows the annual total assets of Hoymiles Power Electronics Inc from 2017 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥8.33 Billion ≈ $1.22 Billion |
+15.30% |
| 2023-12-31 | CN¥7.23 Billion ≈ $1.06 Billion |
-1.23% |
| 2022-12-31 | CN¥7.32 Billion ≈ $1.07 Billion |
+13.93% |
| 2021-12-31 | CN¥6.42 Billion ≈ $939.88 Million |
+835.07% |
| 2020-12-31 | CN¥686.90 Million ≈ $100.51 Million |
+24.42% |
| 2019-12-31 | CN¥552.09 Million ≈ $80.79 Million |
-49.81% |
| 2018-12-31 | CN¥1.10 Billion ≈ $160.97 Million |
+143.35% |
| 2017-12-31 | CN¥452.03 Million ≈ $66.15 Million |
-- |
About Hoymiles Power Electronics Inc
Hoymiles Power Electronics Inc. engages in the manufacture and sale of module level power electronics (MLPE) solutions in China and internationally. It offers microinverters, data transfer units, energy storage, and rapid shutdown products, EV charger, battery, string inverter, as well as accessories, such as single- and multi- microinverter systems. The company also offers monitoring equipment, … Read more