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HONGFA Listed in China’s TOP 100 Electronic Components Enterprises 2020

China Components Industry Association has recently released the list of China’s TOP 100 electronic components enterprises in 2020 (the 33rd session).

HONGFAWith its strong strength in scale, R & D ability and financial situation, Hongfa was honorably listed in the TOP 10, and ranked the eighth among the top 100 electronic components in China, becoming the only enterprise in the relay industry to enter the TOP 10 of the list.

So far, Hongfa has been one of the top 100 electronic components enterprises in China for 26 consecutive years.

In 2019, with the global economic downturn, the development of the main downstream application market of electronic components is experiencing a slowdown, even decline. Affected by this, the overall situation in the electronic components industry is not promising.

However, the performance is still commendable for China’s TOP 100 electronic components enterprises in 2020 (the 33rd session). The TOP 100 electronic components enterprises of this year have achieved ¥589.9 billion in main business income, ¥40.2 billion in total profits, ¥16.4 billion in taxes, and provided more than 500 thousand job vacancies.

The China Top 100 Electronic Components Enterprises Award was first held in 1988 and has been running for more than 30 years. It has become a model and benchmark for China’s electronic components industry and has made an indelible contribution to the development of the electronic components industry.

Winning this award is not only an honor but also a responsibility. As the leader of China’s electronic components industry, Hongfa will take on the great mission of leading China’s electronic components industry to thrive, bravely in tackling all difficulties, and becoming a benchmark in the industry.

Thus, the mission bearing in our mind will become the guidance in our action. Hongfa will always be committed to technological innovation, constantly promote R&D of a new product, continuously optimize and improve products and services guided by market demand, continue to lead the industry to develop, contribute to China’s electronic components industry and set an example among this industry.

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Aishwarya Saxena

A book geek, with creative mind, an electronics degree, and zealous for writing.Creativity is the one thing in her opinion which drove her to enter into editing field. Allured towards south Indian cuisine and culture, love to discover new cultures and their customs. Relishes in discovering new music genres.

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