July 11, 2011, the latest list of China Top 100 Electronic Components Enterprises was revealed. Hongfa topped the 11th place, up 13 notches and setting a new record.
Since 1995, Hongfa has stayed on the Top 100 list for 17 consecutive years, with its ranking escalating from 87th place to 11th position this year. This has strong bearing to the continuous growth of Hongfa. In particular, in 2010, Hongfa registered a total sales revenue of 2.762 billion RMB, a rapid development tendency that is gaining much attention.
The Top 100 Electronic Components Enterprises are the powerhouse of technological innovation in China's electronic component industry. Many of them, including Hongfa, have achieved breakthrough in R&D and production in 2010. Hongfa has independently developed multiple new products, which have reached international level technology-wise and are ready for mass production. This has further consolidated our role of first-rate global relay supplier.
2010 turned out to be a remarkable year for China's electronic component industry, as the global market has gradually recovered from the economic recession and government's stimulus package has started to make a dent on the economy. In terms of overall economic indexes, the Top 100 Enterprises have realized a total sales revenue of 154.49 billion RMB, 13.958 billion RMB of which is the net profit and 5.583 billion USD is contributed by exports. As the leaders of China's electronic component industry, the Top 100 Enterprises are yet to give the full play to its role in steering the whole industry.