Songz Automobile Air Conditioning Co Ltd
Songz Automobile Air Conditioning Co., Ltd provides mobile thermal management systems in China and internationally. Its products include bus thermal management, car thermal management, energy storage thermal management, and rail air conditioning products, as well as cold chain refrigeration units, automotive air conditioning parts, and electrical air conditioning compressors. The company's produc… Read more
Songz Automobile Air Conditioning Co Ltd (002454) - Net Assets
Latest net assets as of September 2025: CN¥4.60 Billion CNY
Based on the latest financial reports, Songz Automobile Air Conditioning Co Ltd (002454) has net assets worth CN¥4.60 Billion CNY as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥8.24 Billion) and total liabilities (CN¥3.64 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥4.60 Billion |
| % of Total Assets | 55.78% |
| Annual Growth Rate | 17.37% |
| 5-Year Change | 8.6% |
| 10-Year Change | 65.39% |
| Growth Volatility | 57.82 |
Songz Automobile Air Conditioning Co Ltd - Net Assets Trend (2007–2024)
This chart illustrates how Songz Automobile Air Conditioning Co Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Songz Automobile Air Conditioning Co Ltd (2007–2024)
The table below shows the annual net assets of Songz Automobile Air Conditioning Co Ltd from 2007 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥4.43 Billion | +1.91% |
| 2023-12-31 | CN¥4.35 Billion | +3.73% |
| 2022-12-31 | CN¥4.19 Billion | +2.08% |
| 2021-12-31 | CN¥4.10 Billion | +0.64% |
| 2020-12-31 | CN¥4.08 Billion | +9.32% |
| 2019-12-31 | CN¥3.73 Billion | +4.12% |
| 2018-12-31 | CN¥3.58 Billion | +6.34% |
| 2017-12-31 | CN¥3.37 Billion | +15.25% |
| 2016-12-31 | CN¥2.92 Billion | +9.16% |
| 2015-12-31 | CN¥2.68 Billion | +9.07% |
| 2014-12-31 | CN¥2.45 Billion | +7.70% |
| 2013-12-31 | CN¥2.28 Billion | +14.32% |
| 2012-12-31 | CN¥1.99 Billion | +3.51% |
| 2011-12-31 | CN¥1.93 Billion | +8.11% |
| 2010-12-31 | CN¥1.78 Billion | +252.47% |
| 2009-12-31 | CN¥505.48 Million | +24.50% |
| 2008-12-31 | CN¥406.01 Million | +39.58% |
| 2007-12-31 | CN¥290.88 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Songz Automobile Air Conditioning Co Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 3264.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥2.26 Billion | 57.61% |
| Common Stock | CN¥628.58 Million | 16.05% |
| Other Comprehensive Income | CN¥307.09 Million | 7.84% |
| Other Components | CN¥724.01 Million | 18.49% |
| Total Equity | CN¥3.92 Billion | 100.00% |
Songz Automobile Air Conditioning Co Ltd Competitors by Market Cap
The table below lists competitors of Songz Automobile Air Conditioning Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Guangdong Fuxin Technology Co. Ltd. A
SHG:688662
|
$382.75 Million |
|
Jiangsu Lianfa Textile Co Ltd
SHE:002394
|
$382.96 Million |
|
Guangzhou Lingwe Technology Co. Ltd. A
SHE:301373
|
$383.01 Million |
|
Xiamen Savings Environmental
SHE:300056
|
$383.04 Million |
|
Arhaus Inc
NASDAQ:ARHS
|
$382.69 Million |
|
Sarda Energy & Minerals Limited
NSE:SARDAEN
|
$382.65 Million |
|
Shenzhen Aoto Electronics Co Ltd
SHE:002587
|
$382.65 Million |
|
Riley Exploration Permian Inc
NYSE MKT:REPX
|
$382.64 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Songz Automobile Air Conditioning Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,834,646,870 to 3,915,658,010, a change of 81,011,140 (2.1%).
- Net income of 136,470,101 contributed positively to equity growth.
- Dividend payments of 38,158,926 reduced retained earnings.
- Other comprehensive income decreased equity by 3,535,678,754.
- Other factors increased equity by 3,518,378,719.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥136.47 Million | +3.49% |
| Dividends Paid | CN¥38.16 Million | -0.97% |
| Other Comprehensive Income | CN¥-3.54 Billion | -90.3% |
| Other Changes | CN¥3.52 Billion | +89.85% |
| Total Change | CN¥- | 2.11% |
Book Value vs Market Value Analysis
This analysis compares Songz Automobile Air Conditioning Co Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.37x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 17.15x to 1.37x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2007-12-31 | CN¥0.50 | CN¥8.62 | x |
| 2008-12-31 | CN¥0.75 | CN¥8.62 | x |
| 2009-12-31 | CN¥1.01 | CN¥8.62 | x |
| 2010-12-31 | CN¥4.33 | CN¥8.62 | x |
| 2011-12-31 | CN¥3.02 | CN¥8.62 | x |
| 2012-12-31 | CN¥3.13 | CN¥8.62 | x |
| 2013-12-31 | CN¥3.51 | CN¥8.62 | x |
| 2014-12-31 | CN¥3.80 | CN¥8.62 | x |
| 2015-12-31 | CN¥4.10 | CN¥8.62 | x |
| 2016-12-31 | CN¥4.60 | CN¥8.62 | x |
| 2017-12-31 | CN¥4.52 | CN¥8.62 | x |
| 2018-12-31 | CN¥5.24 | CN¥8.62 | x |
| 2019-12-31 | CN¥5.46 | CN¥8.62 | x |
| 2020-12-31 | CN¥5.79 | CN¥8.62 | x |
| 2021-12-31 | CN¥5.87 | CN¥8.62 | x |
| 2022-12-31 | CN¥5.97 | CN¥8.62 | x |
| 2023-12-31 | CN¥6.15 | CN¥8.62 | x |
| 2024-12-31 | CN¥6.31 | CN¥8.62 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Songz Automobile Air Conditioning Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 3.49%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.73%
- • Asset Turnover: 0.62x
- • Equity Multiplier: 2.07x
- Recent ROE (3.49%) is below the historical average (13.44%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | 57.30% | 16.74% | 1.08x | 3.17x | CN¥108.16 Million |
| 2008 | 33.67% | 14.39% | 0.97x | 2.41x | CN¥81.58 Million |
| 2009 | 32.95% | 16.50% | 0.82x | 2.44x | CN¥105.73 Million |
| 2010 | 13.22% | 17.58% | 0.56x | 1.33x | CN¥55.67 Million |
| 2011 | 12.57% | 15.08% | 0.58x | 1.43x | CN¥47.40 Million |
| 2012 | 7.71% | 9.64% | 0.55x | 1.44x | CN¥-43.48 Million |
| 2013 | 11.22% | 12.17% | 0.59x | 1.56x | CN¥26.08 Million |
| 2014 | 11.93% | 10.93% | 0.67x | 1.62x | CN¥44.64 Million |
| 2015 | 12.35% | 10.34% | 0.69x | 1.74x | CN¥59.00 Million |
| 2016 | 8.41% | 7.24% | 0.67x | 1.73x | CN¥-44.38 Million |
| 2017 | 11.74% | 8.77% | 0.68x | 1.97x | CN¥54.13 Million |
| 2018 | 5.34% | 4.77% | 0.62x | 1.79x | CN¥-153.57 Million |
| 2019 | 5.14% | 5.18% | 0.59x | 1.69x | CN¥-166.86 Million |
| 2020 | 6.79% | 7.30% | 0.52x | 1.80x | CN¥-116.76 Million |
| 2021 | 3.05% | 2.73% | 0.60x | 1.88x | CN¥-256.29 Million |
| 2022 | 2.53% | 2.25% | 0.60x | 1.88x | CN¥-280.24 Million |
| 2023 | 2.60% | 2.10% | 0.65x | 1.92x | CN¥-283.63 Million |
| 2024 | 3.49% | 2.73% | 0.62x | 2.07x | CN¥-255.10 Million |
Industry Comparison
This section compares Songz Automobile Air Conditioning Co Ltd's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $2,572,980,621
- Average return on equity (ROE) among peers: 8.22%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Songz Automobile Air Conditioning Co Ltd (002454) | CN¥4.60 Billion | 57.30% | 0.79x | $382.73 Million |
| Wanxiang Qianchao Co Ltd (000559) | $2.25 Billion | 8.11% | 1.30x | $2.51 Billion |
| Weifu High-Technology Group Co Ltd (000581) | $15.35 Billion | 16.75% | 0.32x | $1.90 Billion |
| Gui Zhou Tyre Co Ltd (000589) | $840.45 Million | 2.86% | 1.85x | $805.35 Million |
| Qingdao Doublestar Co Ltd (000599) | $772.99 Million | 6.94% | 1.69x | $447.80 Million |
| Hengli Industrial Development Group Co Ltd (000622) | $169.93 Million | 0.00% | 0.80x | $7.81 Million |
| Xiangyang Automobile Bearing Co Ltd (000678) | $926.07 Million | -5.80% | 1.58x | $632.55 Million |
| Jiangnan Mould & Plastic Technology Co Ltd (000700) | $415.84 Million | 7.91% | 0.51x | $929.41 Million |
| Sichuan Haowu Electromechanical Co Ltd (000757) | $97.36 Million | 31.38% | 1.32x | $230.79 Million |
| Anhui Zhongding Sealing Parts Co Ltd (000887) | $598.28 Million | 10.29% | 1.20x | $2.06 Billion |
| Aerospace Hi-Tech Holding Group Co Ltd (000901) | $4.31 Billion | 3.73% | 0.63x | $1.62 Billion |