Hongfa Technology Co., Ltd.

600885

CNE000000JK6

Electronic Equipment & Parts

End-of-day quote Shanghai S.E. Other stock markets 06:00:00 2024-04-25 pm EDT			5-day change	1st Jan Change
27.83 ^CNY	+1.57%		-0.39%	+0.69%

Apr. 24	Hongfa Technology Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
Apr. 02	Hongfa Technology's 2023 Profit, Operating Income Jump 11%	MT

Guo Manjin, Chairman and Chief Executive Officer of Hongfa Technology Co. Ltd signed an agreement to acquire 7.49% stake in Hongfa Technology Co., Ltd. from Xiamen Youge Investment Co., Ltd for approximately CNY 880 million.

January 14, 2016

Guo Manjin, Chairman and Chief Executive Officer of Hongfa Technology Co. Ltd signed an agreement to acquire 7.49% stake in Hongfa Technology Co., Ltd. (SHSE:600885) from Xiamen Youge Investment Co., Ltd for approximately CNY 880 million on January 14, 2016. Xiamen Youge Investment Co., Ltd will sell 40 million shares of Hongfa Technology Co., Ltd at CNY 22.1 per share.

After the transaction, Xiamen Youge Investment Co., Ltd will hold 26.8% stake and Guo Manjin will hold 7.52% stake in Hongfa Technology Co., Ltd.

Latest news about Hongfa Technology Co., Ltd.

Hongfa Technology Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024	Apr. 23	CI
Hongfa Technology's 2023 Profit, Operating Income Jump 11%	Apr. 02	MT
Jefferies Adjusts Hongfa Technology’s Price Target to 27 Yuan From 35 Yuan, Keeps at Hold	Apr. 02	MT
Hongfa Technology Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2023	Mar. 28	CI
Hongfa Technology Co., Ltd.(XSSC:600885) dropped from FTSE All-World Index	Mar. 17	CI
Hongfa Technology to Build 2 Million-Euro German Factory	Dec. 14	MT
Hongfa Technology Co., Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2023	23-10-29	CI
Hongfa Technology Co., Ltd.(XSSC:600885) dropped from S&P Global BMI Index	23-09-18	CI
Hongfa Technology’s H1 Profit Rises 14% as Revenue Tops Estimate; Shares Jump 4%	23-07-27	MT
Hongfa Technology Co., Ltd. Reports Earnings Results for the Half Year Ended June 30, 2023	23-07-26	CI
Hongfa Technology Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2023	23-04-27	CI
Jefferies Downgrades Hongfa Technology to Hold From Buy, Adjusts Price Target to 35 Yuan From 46 Yuan	23-04-03	MT
Hongfa Technology Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2022	23-03-30	CI
Hongfa Technology Co., Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2022	22-10-28	CI
Hongfa Technology Co., Ltd. Reports Earnings Results for the Half Year Ended June 30, 2022	22-08-15	CI
UBS Adjusts Hongfa Technology’s Price Target to 82 Yuan From 86 Yuan, Keeps at Buy	22-04-28	MT
Hongfa Technology Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022	22-04-26	CI
Hongfa Technology Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2021	22-03-10	CI
Hongfa Technology Co., Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2021	21-10-29	CI
Hongfa Technology Co., Ltd. Reports Earnings Results for the Half Year Ended June 30, 2021	21-08-30	CI
Xiamen Hongfa Electroacoustic Co., Ltd. announced that it expects to receive CNY 1.405349989 billion in funding from Jiangxi Lianchuang Opto-Electronic Science&Technology Co.,Ltd, Hongfa Technology Co., Ltd.	21-06-09	CI
Hongfa Technology Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2021	21-04-29	CI
Hongfa Technology Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2020	21-02-02	CI
Hongfa Technology Co., Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2020	20-10-28	CI
Hongfa Technology Co., Ltd. Reports Earnings Results for the Half Year Ended June 30, 2020	20-07-30	CI

Chart Hongfa Technology Co., Ltd.

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Company Profile

Hongfa Technology Co., Ltd. is a China-based company principally engaged in the research, manufacture and sale of relays. In addition to the main product of relays, the Company also provides low-voltage electrical appliances, high-and low-voltage complete sets of equipment, precision spare parts, sensors, capacitors and automation equipment. The products of the Company are applied in industrial, energy, transportation, information, life appliances, healthcare and national security industries. The Company also owns laboratories for relay detection and analysis. The Company distributes its products within domestic market and to overseas markets.

Sector

Electronic Equipment & Parts

Calendar

2024-07-31 - Q2 2024 Earnings Release (Projected)

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Ratings for Hongfa Technology Co., Ltd.

Trading Rating

Investor Rating

ESG Refinitiv

C-

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

27.83 CNY

Average target price

36.4 CNY

Spread / Average Target

+30.80%

Consensus

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Company calendar

Sector Electronic Component

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Electronic Component

Hongfa Technology Co., Ltd.

Equities

600885

CNE000000JK6

Electronic Equipment & Parts

Guo Manjin, Chairman and Chief Executive Officer of Hongfa Technology Co. Ltd signed an agreement to acquire 7.49% stake in Hongfa Technology Co., Ltd. from Xiamen Youge Investment Co., Ltd for approximately CNY 880 million.

EPS Revisions