Songcheng Performance Develop (300144) - Net Assets
Based on the latest financial reports, Songcheng Performance Develop (300144) has net assets worth CN¥8.69 Billion CNY (≈ $1.27 Billion USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥10.15 Billion ≈ $1.49 Billion USD) and total liabilities (CN¥1.46 Billion ≈ $213.47 Million USD). 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. Check Songcheng Performance Develop asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥8.69 Billion |
| % of Total Assets | 85.63% |
| Annual Growth Rate | 27.82% |
| 5-Year Change | 8.74% |
| 10-Year Change | 47.21% |
| Growth Volatility | 198.02 |
Songcheng Performance Develop - Net Assets Trend (2007–2024)
This chart illustrates how Songcheng Performance Develop's net assets have evolved over time, based on quarterly financial data. Also explore 300144 total assets for the complete picture of this company's asset base.
Annual Net Assets for Songcheng Performance Develop (2007–2024)
The table below shows the annual net assets of Songcheng Performance Develop from 2007 to 2024. For live valuation and market cap data, see 300144 company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥8.41 Billion ≈ $1.23 Billion |
+11.60% |
| 2023-12-31 | CN¥7.54 Billion ≈ $1.10 Billion |
-3.78% |
| 2022-12-31 | CN¥7.83 Billion ≈ $1.15 Billion |
-1.54% |
| 2021-12-31 | CN¥7.96 Billion ≈ $1.16 Billion |
+2.84% |
| 2020-12-31 | CN¥7.74 Billion ≈ $1.13 Billion |
-21.73% |
| 2019-12-31 | CN¥9.88 Billion ≈ $1.45 Billion |
+2.00% |
| 2018-12-31 | CN¥9.69 Billion ≈ $1.42 Billion |
+29.56% |
| 2017-12-31 | CN¥7.48 Billion ≈ $1.09 Billion |
+13.97% |
| 2016-12-31 | CN¥6.56 Billion ≈ $960.15 Million |
+14.83% |
| 2015-12-31 | CN¥5.71 Billion ≈ $836.15 Million |
+62.59% |
| 2014-12-31 | CN¥3.51 Billion ≈ $514.26 Million |
+10.43% |
| 2013-12-31 | CN¥3.18 Billion ≈ $465.68 Million |
+8.52% |
| 2012-12-31 | CN¥2.93 Billion ≈ $429.12 Million |
+8.43% |
| 2011-12-31 | CN¥2.70 Billion ≈ $395.75 Million |
+6.78% |
| 2010-12-31 | CN¥2.53 Billion ≈ $370.60 Million |
+851.83% |
| 2009-12-31 | CN¥266.08 Million ≈ $38.94 Million |
+51.56% |
| 2008-12-31 | CN¥175.56 Million ≈ $25.69 Million |
+35.54% |
| 2007-12-31 | CN¥129.53 Million ≈ $18.95 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Songcheng Performance Develop'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 6824.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥3.50 Billion | 43.14% |
| Common Stock | CN¥2.62 Billion | 32.33% |
| Other Components | CN¥1.99 Billion | 24.53% |
| Total Equity | CN¥8.11 Billion | 100.00% |
Songcheng Performance Develop Competitors by Market Cap
The table below lists competitors of Songcheng Performance Develop ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Alumis Inc
NASDAQ:ALMS
|
$2.91 Billion |
|
Jack Sewing
SHG:603337
|
$2.91 Billion |
|
Supernus Pharmaceuticals Inc
NASDAQ:SUPN
|
$2.92 Billion |
|
SES S.A
F:SES
|
$2.92 Billion |
|
Natura &Co Holding S.A.
SA:NTCO3
|
$2.91 Billion |
|
GQG PARTNERS CDI/1/1
F:6P1
|
$2.91 Billion |
|
Xiamen Leading Optics Co Ltd
SHG:605118
|
$2.91 Billion |
|
Apple Hospitality REIT Inc
NYSE:APLE
|
$2.91 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Songcheng Performance Develop's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 7,252,140,320 to 8,112,292,074, a change of 860,151,754 (11.9%).
- Net income of 1,048,756,530 contributed positively to equity growth.
- Dividend payments of 266,777,196 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥1.05 Billion | +12.93% |
| Dividends Paid | CN¥266.78 Million | -3.29% |
| Other Changes | CN¥78.17 Million | +0.96% |
| Total Change | CN¥- | 11.86% |
Book Value vs Market Value Analysis
This analysis compares Songcheng Performance Develop'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: 2.44x
- 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 106.60x to 2.44x 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¥0.07 | CN¥7.58 | x |
| 2008-12-31 | CN¥0.09 | CN¥7.58 | x |
| 2009-12-31 | CN¥0.15 | CN¥7.58 | x |
| 2010-12-31 | CN¥1.36 | CN¥7.58 | x |
| 2011-12-31 | CN¥1.12 | CN¥7.58 | x |
| 2012-12-31 | CN¥1.19 | CN¥7.58 | x |
| 2013-12-31 | CN¥1.29 | CN¥7.58 | x |
| 2014-12-31 | CN¥1.43 | CN¥7.58 | x |
| 2015-12-31 | CN¥2.22 | CN¥7.58 | x |
| 2016-12-31 | CN¥2.44 | CN¥7.58 | x |
| 2017-12-31 | CN¥2.78 | CN¥7.58 | x |
| 2018-12-31 | CN¥3.24 | CN¥7.58 | x |
| 2019-12-31 | CN¥3.68 | CN¥7.58 | x |
| 2020-12-31 | CN¥2.83 | CN¥7.58 | x |
| 2021-12-31 | CN¥2.92 | CN¥7.58 | x |
| 2022-12-31 | CN¥2.89 | CN¥7.58 | x |
| 2023-12-31 | CN¥2.77 | CN¥7.58 | x |
| 2024-12-31 | CN¥3.10 | CN¥7.58 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Songcheng Performance Develop 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): 12.93%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 43.39%
- • Asset Turnover: 0.25x
- • Equity Multiplier: 1.21x
- Recent ROE (12.93%) is above the historical average (11.85%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | 37.37% | 37.35% | 0.37x | 2.71x | CN¥33.10 Million |
| 2008 | 39.10% | 32.45% | 0.44x | 2.76x | CN¥47.75 Million |
| 2009 | 32.69% | 31.83% | 0.38x | 2.67x | CN¥60.39 Million |
| 2010 | 6.45% | 36.73% | 0.15x | 1.17x | CN¥-89.93 Million |
| 2011 | 8.22% | 44.04% | 0.17x | 1.12x | CN¥-48.23 Million |
| 2012 | 8.89% | 43.77% | 0.18x | 1.11x | CN¥-32.16 Million |
| 2013 | 9.83% | 45.44% | 0.20x | 1.10x | CN¥-5.24 Million |
| 2014 | 10.49% | 38.62% | 0.24x | 1.12x | CN¥16.74 Million |
| 2015 | 11.25% | 37.21% | 0.24x | 1.25x | CN¥70.30 Million |
| 2016 | 14.09% | 34.12% | 0.35x | 1.18x | CN¥261.89 Million |
| 2017 | 14.56% | 35.31% | 0.35x | 1.19x | CN¥334.58 Million |
| 2018 | 15.20% | 40.08% | 0.30x | 1.28x | CN¥440.08 Million |
| 2019 | 13.94% | 51.30% | 0.24x | 1.15x | CN¥378.38 Million |
| 2020 | -23.64% | -194.15% | 0.10x | 1.24x | CN¥-2.49 Billion |
| 2021 | 4.12% | 26.60% | 0.12x | 1.29x | CN¥-449.35 Million |
| 2022 | -0.63% | -10.43% | 0.05x | 1.25x | CN¥-802.66 Million |
| 2023 | -1.52% | -5.71% | 0.21x | 1.25x | CN¥-835.13 Million |
| 2024 | 12.93% | 43.39% | 0.25x | 1.21x | CN¥237.53 Million |
Industry Comparison
This section compares Songcheng Performance Develop's net assets metrics with peer companies in the Leisure industry.
Industry Context
- Industry: Leisure
- Average net assets among peers: $1,222,879,480
- Average return on equity (ROE) among peers: 3.23%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Songcheng Performance Develop (300144) | CN¥8.69 Billion | 37.37% | 0.17x | $2.91 Billion |
| China Bicycle Co Holdings Ltd (000017) | $-1.86 Billion | 0.00% | 0.00x | $414.77 Million |
| HL Corp Shenzhen (002105) | $597.06 Million | 0.71% | 1.41x | $362.82 Million |
| Goldlok Toys Holdings Guangdong Co Ltd (002348) | $1.24 Billion | 3.42% | 0.06x | $1.71 Billion |
| Guangdong Qunxing Toys Joint-Stock Co Ltd (002575) | $907.61 Million | 1.41% | 0.02x | $644.12 Million |
| Shanghai Yaoji Playing Card Co Ltd (002605) | $1.06 Billion | 8.95% | 0.37x | $1.28 Billion |
| Xiamen Comfort Science&Technology Group Co Ltd (002614) | $4.60 Billion | 2.24% | 0.74x | $526.64 Million |
| Guangzhou Pearl River Piano Group Co Ltd (002678) | $3.73 Billion | 0.16% | 0.22x | $1.25 Billion |
| Shifeng Cultural Development Co Ltd (002862) | $541.86 Million | 8.01% | 0.09x | $474.47 Million |
| Impulse Qingdao Health Tech Co Ltd (002899) | $1.10 Billion | 1.59% | 0.62x | $748.31 Million |
| China Bicycle Co Holdings Ltd (200017) | $309.40 Million | 5.79% | 0.19x | $66.14 Million |
About Songcheng Performance Develop
Songcheng Performance Development Co.,Ltd operates in the performing arts industry in China. The company operates tourism resorts and theme parks; and performs art shows under Songcheng and the Eternal Love Series brand names. It also provides leisure tourism, live entertainment, and online entertainment services; and development of tourism resources, tourism planning and design, artistic creatio… Read more