Hongfa Technology Co., Ltd. Logo

Hongfa Technology Co., Ltd.

600885.SS

(3.0)
Stock Price

27,08 CNY

9.17% ROA

19.91% ROE

17.96x PER

Market Cap.

27.086.116.028,00 CNY

35.53% DER

1.34% Yield

12.29% NPM

Hongfa Technology Co., Ltd. Stock Analysis

Hongfa Technology Co., Ltd. Fundamental Analysis

Fundamental analysis in stock investing is like studying the foundation of a house before buying it. It involves looking at a company's financial health, like its earnings, assets, and debts, to determine if it's a good investment based on its fundamental strength and potential for growth.

Hongfa Technology Co., Ltd. Fundamental Stock Analysis
# Analysis Rating
1 DER

The stock has a minimal amount of debt (36%) relative to its ownership, showcasing a strong financial position and lower risk for investors.

2 Revenue Growth

With a track record of consistent revenue growth in the past five years, this company presents a compelling opportunity.

3 Assets Growth

With continuous growth in revenue over the last five years, this company has proven to be a lucrative investment option, showcasing its strong financial performance.

4 Dividend

With a solid track record of dividend payments over the past five years, the company has established itself as a dependable choice for investors seeking consistent income.

5 ROE

The stock's ROE exceeds expectations (19.91%), revealing strong profitability and efficient use of shareholders' equity, making it an attractive investment opportunity.

6 Buffet Intrinsic Value

Based on Warren Buffett's formula, the company's stock appears undervalued (227), presenting an attractive investment chance with its intrinsic value surpassing the current market price.

7 ROA

The stock's ROA (9.17%) shows that it's doing a pretty good job at making money from its assets, making it a solid choice to invest and earn steady profits.

8 PBV

The stock's elevated P/BV ratio (3.74x) raises concerns about its overvaluation, making it an imprudent choice for investors seeking value.

9 Net Profit Growth

Over the past five years, this company's net profit has failed to exhibit any growth, indicating a stagnant financial performance and making it a less favorable choice for potential investors.

10 Graham Number

Based on the Graham number, this company's stock price appears to be higher than its intrinsic value, signaling a potentially unfavorable investment choice.

11 Dividend Growth

The company's dividend growth has been flat for the past three years, raising concerns for potential investors seeking reliable returns.

Hongfa Technology Co., Ltd. Technical Analysis

Technical analysis in stock investing is like reading the patterns on a weather map to predict future weather conditions. It involves studying past stock price movements and trading volumes to make predictions about where a stock's price might go next, without necessarily looking at the company's financial health.

Hongfa Technology Co., Ltd. Technical Stock Analysis
# Analysis Recommendation
1 Awesome Oscillator Hold
2 MACD Buy
3 RSI Hold
4 Stoch RSI Hold

Hongfa Technology Co., Ltd. Price Chart

Financial Statements

Financial statements are like report cards for companies. They show how much money a company makes (income statement), what it owns and owes (balance sheet), and where it spends its money (cash flow statement), helping stock investors understand if a company is healthy and worth investing in.

Income Statements

An income statement for a company is like a scoreboard for its profits and losses. It shows how much money the company made (revenue) and how much it spent to make that money (expenses), helping stock investors see if a company is making a profit or not.

Revenue in stock investing is the total amount of money a company earns from its sales, and it's a key factor that investors consider to assess a company's financial performance and growth potential.

Hongfa Technology Co., Ltd. Revenue
Year Revenue Growth
1992 193.719.430
1993 223.322.870 13.26%
1994 197.423.610 -13.12%
1995 211.896.845 6.83%
1996 181.294.006 -16.88%
1997 177.852.571 -1.93%
1998 155.351.017 -14.48%
1999 123.069.063 -26.23%
2000 102.695.905 -19.84%
2001 102.924.668 0.22%
2002 203.237.133 49.36%
2003 234.937.457 13.49%
2004 316.963.831 25.88%
2005 318.036.066 0.34%
2006 355.429.466 10.52%
2007 556.871.893 36.17%
2008 631.668.743 11.84%
2009 594.611.530 -6.23%
2010 516.347.953 -15.16%
2011 608.605.919 15.16%
2012 3.008.258.577 79.77%
2013 3.425.226.338 12.17%
2014 4.062.830.064 15.69%
2015 4.247.837.787 4.36%
2016 5.082.758.568 16.43%
2017 6.020.204.800 15.57%
2018 6.879.774.007 12.49%
2019 7.081.493.748 2.85%
2020 7.819.069.766 9.43%
2021 10.022.657.464 21.99%
2022 11.733.391.065 14.58%
2023 13.032.576.877 9.97%

Research and Development Expenses are the costs a company incurs to create and improve its products or services, which can be important for investors to evaluate a company's innovation and potential for future growth.

Hongfa Technology Co., Ltd. Research and Development Expenses
Year Research and Development Expenses Growth
1992 0
1993 0 0%
1994 0 0%
1995 0 0%
1996 0 0%
1997 0 0%
1998 0 0%
1999 0 0%
2000 0 0%
2001 0 0%
2002 0 0%
2003 0 0%
2004 0 0%
2005 0 0%
2006 0 0%
2007 0 0%
2008 0 0%
2009 0 0%
2010 0 0%
2011 0 0%
2012 84.715.807 100%
2013 161.499.958 47.54%
2014 177.394.630 8.96%
2015 206.866.529 14.25%
2016 250.175.891 17.31%
2017 293.918.821 14.88%
2018 330.737.918 11.13%
2019 350.421.077 5.62%
2020 381.167.895 8.07%
2021 495.298.632 23.04%
2022 601.523.255 17.66%
2023 728.621.797 17.44%

General and Administrative Expenses are the costs a company incurs to run its day-to-day operations, such as office rent, salaries, and utilities, which investors consider to understand a company's overall efficiency and management effectiveness.

Hongfa Technology Co., Ltd. General and Administrative Expenses
Year General and Administrative Expenses Growth
1992 13.708.170
1993 12.641.560 -8.44%
1994 16.723.200 24.41%
1995 18.947.973 11.74%
1996 24.167.149 21.6%
1997 22.052.914 -9.59%
1998 52.260.741 57.8%
1999 18.175.741 -187.53%
2000 19.576.501 7.16%
2001 12.777.073 -53.22%
2002 16.591.231 22.99%
2003 13.024.988 -27.38%
2004 19.862.485 34.42%
2005 23.679.099 16.12%
2006 49.609.675 52.27%
2007 39.005.525 -27.19%
2008 41.896.481 6.9%
2009 44.331.514 5.49%
2010 8.252.532 -437.19%
2011 9.989.990 17.39%
2012 54.585.694 81.7%
2013 59.303.464 7.96%
2014 68.433.291 13.34%
2015 79.108.789 13.49%
2016 82.928.407 4.61%
2017 106.725.177 22.3%
2018 133.259.217 19.91%
2019 107.479.639 -23.99%
2020 123.799.747 13.18%
2021 162.809.403 23.96%
2022 170.961.772 4.77%
2023 3.033.551.081 94.36%

EBITDA stands for Earnings Before Interest, Taxes, Depreciation, and Amortization. It is a measure that helps stock investors analyze a company's profitability by looking at its earnings without considering certain expenses. This helps to get a clearer picture of the company's financial performance and its ability to generate cash flow.

Hongfa Technology Co., Ltd. EBITDA
Year EBITDA Growth
1992 20.809.880
1993 21.163.830 1.67%
1994 16.511.770 -28.17%
1995 21.005.190 21.39%
1996 5.254.243 -299.78%
1997 9.291.619 43.45%
1998 -23.952.118 138.79%
1999 5.918.075 504.73%
2000 7.185.562 17.64%
2001 26.119.498 72.49%
2002 61.676.702 57.65%
2003 62.164.308 0.78%
2004 55.283.959 -12.45%
2005 65.841.251 16.03%
2006 -1.577.792 4273%
2007 100.135.239 101.58%
2008 97.894.969 -2.29%
2009 46.616.215 -110%
2010 57.322.944 18.68%
2011 49.064.876 -16.83%
2012 644.902.475 92.39%
2013 733.100.161 12.03%
2014 870.391.580 15.77%
2015 1.029.258.819 15.44%
2016 1.237.572.245 16.83%
2017 1.532.744.072 19.26%
2018 1.581.594.310 3.09%
2019 1.697.410.022 6.82%
2020 1.821.317.845 6.8%
2021 2.276.956.745 20.01%
2022 2.733.152.505 16.69%
2023 2.137.560.434 -27.86%

Gross profit is the money a company makes from selling its products or services after subtracting the cost of producing or providing them, and it is an important measure for investors to understand a company's profitability.

Hongfa Technology Co., Ltd. Gross Profit
Year Gross Profit Growth
1992 63.866.580
1993 63.009.950 -1.36%
1994 42.123.690 -49.58%
1995 48.446.222 13.05%
1996 39.454.217 -22.79%
1997 41.026.720 3.83%
1998 29.941.706 -37.02%
1999 24.051.340 -24.49%
2000 23.329.197 -3.1%
2001 28.622.747 18.49%
2002 52.348.935 45.32%
2003 48.602.062 -7.71%
2004 52.979.333 8.26%
2005 55.901.566 5.23%
2006 34.917.751 -60.09%
2007 115.187.994 69.69%
2008 123.595.382 6.8%
2009 64.397.522 -91.93%
2010 68.695.740 6.26%
2011 68.484.547 -0.31%
2012 976.385.682 92.99%
2013 1.186.904.453 17.74%
2014 1.470.250.160 19.27%
2015 1.643.738.728 10.55%
2016 2.008.723.011 18.17%
2017 2.399.101.359 16.27%
2018 2.534.198.047 5.33%
2019 2.629.156.649 3.61%
2020 2.889.475.919 9.01%
2021 3.466.158.383 16.64%
2022 3.996.765.329 13.28%
2023 4.792.074.119 16.6%

Net income in stock investing is like the money a company actually gets to keep as profit after paying all its bills, and it's an important measure to understand how well a company is doing financially.

Hongfa Technology Co., Ltd. Net Profit
Year Net Profit Growth
1992 15.666.150
1993 15.706.870 0.26%
1994 10.747.780 -46.14%
1995 13.943.049 22.92%
1996 1.586.163 -779.04%
1997 3.457.570 54.12%
1998 -38.764.168 108.92%
1999 1.495.285 2692.43%
2000 -15.175.127 109.85%
2001 4.214.854 460.04%
2002 17.158.963 75.44%
2003 9.802.648 -75.04%
2004 2.297.761 -326.62%
2005 1.652.503 -39.05%
2006 -69.119.409 102.39%
2007 2.932.450 2457.05%
2008 -54.766.847 105.35%
2009 -121.213.978 54.82%
2010 4.292.337 2923.96%
2011 -136.469.975 103.15%
2012 279.125.156 148.89%
2013 328.184.590 14.95%
2014 429.869.392 23.65%
2015 472.302.443 8.98%
2016 581.768.473 18.82%
2017 684.991.715 15.07%
2018 698.846.323 1.98%
2019 964.240.793 27.52%
2020 1.129.260.005 14.61%
2021 1.452.310.888 22.24%
2022 1.689.274.288 14.03%
2023 1.449.079.034 -16.58%

EPS, or earnings per share, is a measure that shows how much profit a company has earned for each outstanding share of its stock, and it is important for stock investors as it helps understand the profitability of a company and compare it with other companies in the market.

Hongfa Technology Co., Ltd. Earning per Share (EPS)
Year Earning per Share (EPS) Growth
1992 0
1993 0 0%
1994 0 0%
1995 0 0%
1996 0 0%
1997 0 0%
1998 0 0%
1999 0 0%
2000 0 0%
2001 0 0%
2002 0 0%
2003 0 0%
2004 0 0%
2005 0 0%
2006 0 0%
2007 0 0%
2008 0 0%
2009 0 0%
2010 0 0%
2011 0 0%
2012 0 0%
2013 0 0%
2014 0 0%
2015 0 0%
2016 1 0%
2017 1 0%
2018 1 0%
2019 1 0%
2020 1 100%
2021 2 0%
2022 2 0%
2023 1 0%

Cashflow Statements

Cashflow statements show the movement of money in and out of a company, helping stock investors understand how much money a company makes and spends. By examining cashflow statements, investors can assess if a company is generating enough cash to pay its bills, invest in growth, and provide returns to stockholders.

Free cash flow is the leftover cash that a company generates after covering its operating expenses and capital expenditures, which is important for stock investors as it shows how much money a company has available to invest in growth, pay dividends, or reduce debt.

Hongfa Technology Co., Ltd. Free Cashflow
Year Free Cashflow Growth
1998 -7.550.860
1999 -18.169.974 58.44%
2000 5.358.184 439.11%
2001 -5.347.099 200.21%
2002 -2.004.774 -166.72%
2003 29.094.108 106.89%
2004 -62.522.590 146.53%
2005 33.989.768 283.95%
2006 27.278.929 -24.6%
2007 12.880.119 -111.79%
2008 -30.723.694 141.92%
2009 -6.736.715 -356.06%
2010 57.073.374 111.8%
2011 184.342.909 69.04%
2012 237.524.069 22.39%
2013 257.085.865 7.61%
2014 -52.930.219 585.71%
2015 111.515.906 147.46%
2016 -32.177.558 446.56%
2017 -18.100.343 -77.77%
2018 1.019.622 1875.2%
2019 905.568.527 99.89%
2020 42.208.631 -2045.46%
2021 -12.922.465 426.63%
2022 75.629.273 117.09%
2023 326.717.548 76.85%

Operating cash flow represents the cash generated or consumed by a company's day-to-day operations, excluding external investing or financing activities, and is crucial for stock investors as it shows how much cash a company is generating from its core business operations.

Hongfa Technology Co., Ltd. Operating Cashflow
Year Operating Cashflow Growth
1998 -5.151.835
1999 -12.639.552 59.24%
2000 6.072.971 308.13%
2001 5.424.921 -11.95%
2002 42.901.364 87.35%
2003 75.780.062 43.39%
2004 1.677.190 -4418.28%
2005 64.058.763 97.38%
2006 68.843.134 6.95%
2007 39.161.445 -75.79%
2008 58.592.546 33.16%
2009 30.378.887 -92.87%
2010 74.304.721 59.12%
2011 195.236.696 61.94%
2012 330.627.354 40.95%
2013 460.692.530 28.23%
2014 351.693.512 -30.99%
2015 758.177.091 53.61%
2016 497.711.317 -52.33%
2017 650.306.312 23.47%
2018 827.473.933 21.41%
2019 1.680.947.681 50.77%
2020 719.589.776 -133.6%
2021 911.840.233 21.08%
2022 1.594.797.055 42.82%
2023 565.746.680 -181.89%

Capex, short for capital expenditures, refers to the money a company spends on acquiring or upgrading tangible assets like buildings, equipment, or technology, which is important for stock investors as it indicates how much a company is investing in its infrastructure to support future growth and profitability.

Hongfa Technology Co., Ltd. Capital Expenditure
Year Capital Expenditure Growth
1998 2.399.025
1999 5.530.422 56.62%
2000 714.787 -673.72%
2001 10.772.021 93.36%
2002 44.906.138 76.01%
2003 46.685.954 3.81%
2004 64.199.780 27.28%
2005 30.068.994 -113.51%
2006 41.564.205 27.66%
2007 26.281.325 -58.15%
2008 89.316.239 70.57%
2009 37.115.602 -140.64%
2010 17.231.347 -115.4%
2011 10.893.786 -58.18%
2012 93.103.286 88.3%
2013 203.606.665 54.27%
2014 404.623.731 49.68%
2015 646.661.185 37.43%
2016 529.888.875 -22.04%
2017 668.406.655 20.72%
2018 826.454.311 19.12%
2019 775.379.154 -6.59%
2020 677.381.144 -14.47%
2021 924.762.698 26.75%
2022 1.519.167.781 39.13%
2023 239.029.132 -535.56%

Balance Sheet

Balance sheets provide a snapshot of a company's financial health and its assets (such as cash, inventory, and property) and liabilities (like debts and obligations) at a specific point in time. For stock investors, balance sheets help assess the company's overall worth and evaluate its ability to meet financial obligations and support future growth.

Equity refers to the ownership interest or stake that shareholders have in a company, representing their claim on its assets and earnings after all debts and liabilities are paid.

Hongfa Technology Co., Ltd. Equity
Year Equity Growth
1992 121.345.280
1993 125.695.670 3.46%
1994 136.986.840 8.24%
1995 141.767.758 3.37%
1996 210.650.991 32.7%
1997 213.487.429 1.33%
1998 174.655.569 -22.23%
1999 148.860.743 -17.33%
2000 132.567.702 -12.29%
2001 136.854.996 3.13%
2002 195.922.634 30.15%
2003 205.982.898 4.88%
2004 208.491.685 1.2%
2005 210.159.851 0.79%
2006 141.184.176 -48.86%
2007 140.725.316 -0.33%
2008 89.143.105 -57.86%
2009 -28.255.316 415.49%
2010 6.316.927 547.3%
2011 -151.959.752 104.16%
2012 1.117.797.875 113.59%
2013 2.170.307.033 48.5%
2014 2.601.740.323 16.58%
2015 2.917.130.276 10.81%
2016 3.396.107.360 14.1%
2017 3.941.977.620 13.85%
2018 5.979.343.060 34.07%
2019 6.590.797.049 9.28%
2020 7.400.147.118 10.94%
2021 8.736.804.642 15.3%
2022 9.952.732.495 12.22%
2023 10.994.088.702 9.47%

Assets represent the valuable resources that a company owns, such as cash, inventory, property, and equipment, and understanding a company's assets helps investors assess its value and potential for generating future profits.

Hongfa Technology Co., Ltd. Assets
Year Assets Growth
1992 218.800.010
1993 292.496.110 25.2%
1994 332.227.780 11.96%
1995 397.611.385 16.44%
1996 444.471.618 10.54%
1997 465.658.261 4.55%
1998 431.759.402 -7.85%
1999 423.134.492 -2.04%
2000 430.348.294 1.68%
2001 547.740.287 21.43%
2002 584.020.088 6.21%
2003 641.854.159 9.01%
2004 821.285.796 21.85%
2005 820.920.999 -0.04%
2006 727.349.821 -12.86%
2007 756.130.142 3.81%
2008 800.656.808 5.56%
2009 578.142.544 -38.49%
2010 590.491.472 2.09%
2011 634.472.322 6.93%
2012 2.961.901.681 78.58%
2013 4.375.890.755 32.31%
2014 4.742.608.927 7.73%
2015 5.395.619.387 12.1%
2016 6.497.703.066 16.96%
2017 7.644.118.820 15%
2018 8.891.519.265 14.03%
2019 10.197.338.802 12.81%
2020 10.842.946.543 5.95%
2021 13.666.323.515 20.66%
2022 15.990.799.149 14.54%
2023 17.520.467.065 8.73%

Liabilities refer to the financial obligations or debts that a company owes to creditors or external parties, and understanding a company's liabilities is important for investors as it helps assess the company's financial risk and ability to meet its obligations.

Hongfa Technology Co., Ltd. Liabilities
Year Liabilities Growth
1992 97.454.730
1993 166.800.440 41.57%
1994 192.653.680 13.42%
1995 253.033.247 23.86%
1996 230.982.852 -9.55%
1997 249.198.861 7.31%
1998 254.231.403 1.98%
1999 271.619.430 6.4%
2000 294.296.054 7.71%
2001 410.136.655 28.24%
2002 387.958.353 -5.72%
2003 435.764.236 10.97%
2004 612.651.179 28.87%
2005 610.665.230 -0.33%
2006 569.129.921 -7.3%
2007 591.830.255 3.84%
2008 680.174.279 12.99%
2009 583.714.318 -16.53%
2010 558.452.494 -4.52%
2011 761.893.178 26.7%
2012 1.305.465.036 41.64%
2013 1.434.815.987 9.02%
2014 1.248.682.406 -14.91%
2015 1.487.048.290 16.03%
2016 1.962.018.021 24.21%
2017 2.369.236.344 17.19%
2018 2.912.176.206 18.64%
2019 3.606.541.753 19.25%
2020 3.442.799.425 -4.76%
2021 4.929.518.873 30.16%
2022 6.038.066.654 18.36%
2023 6.526.378.363 7.48%

Hongfa Technology Co., Ltd. Financial Ratio (TTM)

Valuation Metrics

Revenue per Share
12.18
Net Income per Share
1.5
Price to Earning Ratio
17.96x
Price To Sales Ratio
2.13x
POCF Ratio
12.4
PFCF Ratio
26.28
Price to Book Ratio
3.42
EV to Sales
2.22
EV Over EBITDA
13.16
EV to Operating CashFlow
12.5
EV to FreeCashFlow
27.4
Earnings Yield
0.06
FreeCashFlow Yield
0.04
Market Cap
27,09 Bil.
Enterprise Value
28,25 Bil.
Graham Number
16.28
Graham NetNet
1.43

Income Statement Metrics

Net Income per Share
1.5
Income Quality
2.76
ROE
0.2
Return On Assets
0.09
Return On Capital Employed
0.15
Net Income per EBT
0.77
EBT Per Ebit
1
Ebit per Revenue
0.16
Effective Tax Rate
0.1

Margins

Sales, General, & Administrative to Revenue
0.02
Research & Developement to Revenue
0.05
Stock Based Compensation to Revenue
0
Gross Profit Margin
0.35
Operating Profit Margin
0.16
Pretax Profit Margin
0.16
Net Profit Margin
0.12

Dividends

Dividend Yield
0.01
Dividend Yield %
1.34
Payout Ratio
0.3
Dividend Per Share
0.36

Operating Metrics

Operating Cashflow per Share
2.17
Free CashFlow per Share
0.99
Capex to Operating CashFlow
-0.54
Capex to Revenue
-0.1
Capex to Depreciation
0
Return on Invested Capital
0.16
Return on Tangible Assets
0.09
Days Sales Outstanding
162.45
Days Payables Outstanding
79.38
Days of Inventory on Hand
100.47
Receivables Turnover
2.25
Payables Turnover
4.6
Inventory Turnover
3.63
Capex per Share
-1.18

Balance Sheet

Cash per Share
2,53
Book Value per Share
7,86
Tangible Book Value per Share
10.07
Shareholders Equity per Share
7.86
Interest Debt per Share
2.9
Debt to Equity
0.36
Debt to Assets
0.17
Net Debt to EBITDA
0.54
Current Ratio
2.75
Tangible Asset Value
10,51 Bil.
Net Current Asset Value
4,12 Bil.
Invested Capital
0.36
Working Capital
6,78 Bil.
Intangibles to Total Assets
0.03
Average Receivables
5,53 Bil.
Average Payables
1,82 Bil.
Average Inventory
2308088779.96
Debt to Market Cap
0.11

Dividends

Dividends in stock investing are like rewards that companies give to their shareholders. They are a portion of the company's profits distributed to investors, typically in the form of cash payments, as a way for them to share in the company's success.

Hongfa Technology Co., Ltd. Dividends
Year Dividends Growth
2015 0
2016 0 0%
2017 0 0%
2018 0 0%
2019 0 0%
2020 0 0%
2021 0 0%
2022 0 0%
2023 0 0%

Hongfa Technology Co., Ltd. Profile

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. It offers a range of relays, including signal relays, automotive relays and modules, power relays, industrial relays, latching relays, new energy relays, etc. The company also provides low-voltage devices, such as intelligent circuit breakers, contactors, motor protectors, automatic transfer switching breakers, etc. Hongfa Technology Co., Ltd. was formerly known as WuHan LiNuo Solar Energy Group Co., Ltd. and changed its name to Hongfa Technology Co., Ltd. in December 2012. The company was founded in 1984 and is based in Xiamen, China.

CEO
Mr. Guo Manjin
Employee
15.294
Address
No.90-101 Sunban South Road
Xiamen, 361021

Hongfa Technology Co., Ltd. Executives & BODs

Hongfa Technology Co., Ltd. Executives & BODs
# Name Age
1 Mr. Guo Manjin
Chairman of the Board of Directors and General Manager
70
2 Mr. Zhen Tian Liu
Chief Financial Officer, Deputy General Manager and Director
70
3 Mr. Dan Dan Lin
Deputy General Manager and Secretary of the Board of Directors
70

Hongfa Technology Co., Ltd. Competitors