Relays play an indispensable role in modern electrical control systems.
As a leading relay brand manufacturer, Hongfa Relay has a global reputation, and its establishment can be traced back to 1984.
Hongfa relay not only covers relays, medium and low voltage electrical appliances, high and low voltage complete sets of equipment, connectors, capacitors, precision parts and automation equipment and other industrial sectors, but also has more than 30 subsidiaries, and has established three major R&D and production bases in Xiazhang, east and west.
This comprehensive and huge industrial layout has made Hongfa Relay an advantageous enterprise in the whole industry chain with complete categories and complete supporting facilities.
Through continuous innovation and unremitting pursuit of high quality, Hongfa Relay is committed to providing users with satisfactory products and solutions to realize the vision of bringing people a more comfortable and convenient life.
Hongfa relay products cover power relays, automotive relays, high-voltage DC relays, power relays, signal relays, industrial relays and other fields, and provide supporting relay sockets. Its products are well-known in the industry for their excellent performance and strong R&D strength.
In the first half of 2023, Hongfa Relay showed a strong growth trend, with a total revenue of 601.3 billion yuan, a year-on-year increase of 1504%。
This achievement is due to the expansion of Hongfa in the field of new energy applications and the improvement of brand awareness. At the same time, the company's gross profit margin reached 3623%, the profitability continues to improve.
In the face of fierce market competition, Hongfa Relay has already started a diversification strategy. In addition to its core products, Hongfa actively develops other new categories of products, such as arc extinguishers, industrial modules and power components. In the past six months, the cumulative sales of these emerging products have increased by 39% year-on-year9%, showing vigorous development potential.
Hongfa Relay's international business has also achieved significant improvement, with the global epidemic situation slowing down, the company's export business has recovered, so that the share of power relay products in the mid-to-high-end market region has increased significantly. This positive momentum is expected to continue in the second half of the year.
Although it has been affected by automotive relays, Hongfa Relay is still actively adjusting its strategy and planning to optimize the product structure of automotive relays, especially in the field of PCB automotive relays to invest more resources to expand new market space.
On April 7, 2021, Hongfa Relay and Relay announced that they had reached a strategic cooperation.
Relying on the advantages of the Internet and big data technology, the relay information network assists Hongfa to improve industrial control relay products and accelerates the transformation and upgrading of Hongfa's Internet + business.
With decades of R&D and manufacturing experience, Hongfa Relay is not only a leading enterprise in China's relay industry, but also occupies an important position in the global relay market.
Hongfa Relay's continuous innovation, high-quality products and diversification strategy make it unique in the relay industry.
In the future development, Hongfa Relay will continue to be committed to providing customers with better products and services, and jointly explore the new development direction of the relay industry.
*:Relay information network (In the relay information network, you can easily obtain relay related information, selection, trading, cloud exhibition, ** chain and other information services.) ）