Songcheng Performance Develop (300144) - Net Assets
Based on the latest financial reports, Songcheng Performance Develop (300144) has net assets worth CN¥8.14 Billion CNY (≈ $1.19 Billion USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥9.34 Billion ≈ $1.37 Billion USD) and total liabilities (CN¥1.20 Billion ≈ $175.25 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 (300144) tangible net worth to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥8.14 Billion |
| % of Total Assets | 87.18% |
| Annual Growth Rate | 26.37% |
| 5-Year Change | 10.0% |
| 10-Year Change | 33.37% |
| Growth Volatility | 192.97 |
Songcheng Performance Develop - Net Assets Trend (2007–2025)
This chart illustrates how Songcheng Performance Develop's net assets have evolved over time, based on quarterly financial data. See 300144 cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Songcheng Performance Develop (2007–2025)
The table below shows the annual net assets of Songcheng Performance Develop from 2007 to 2025. For live valuation and market cap data, see 300144 company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥8.75 Billion ≈ $1.28 Billion |
+4.04% |
| 2024-12-31 | CN¥8.41 Billion ≈ $1.23 Billion |
+11.60% |
| 2023-12-31 | CN¥7.54 Billion ≈ $1.10 Billion |
-3.01% |
| 2022-12-31 | CN¥7.77 Billion ≈ $1.14 Billion |
-2.32% |
| 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 |
-2.16% |
| 2018-12-31 | CN¥10.10 Billion ≈ $1.48 Billion |
+35.07% |
| 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 |
+63.33% |
| 2014-12-31 | CN¥3.50 Billion ≈ $511.94 Million |
+9.94% |
| 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 7237.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥3.71 Billion | 43.95% |
| Other Components | CN¥4.73 Billion | 56.05% |
| Total Equity | CN¥8.44 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 |
|---|---|
|
Shanghai Beite Technology Co
SHG:603009
|
$2.21 Billion |
|
Jiangsu Leili Motor Corp Ltd
SHE:300660
|
$2.21 Billion |
|
Zhejiang Publishing & Media Co Ltd
SHG:601921
|
$2.21 Billion |
|
Qinhuangdao Port Co Ltd
SHG:601326
|
$2.21 Billion |
|
EIH Limited
NSE:EIHOTEL
|
$2.21 Billion |
|
Pfizer Limited
NSE:PFIZER
|
$2.21 Billion |
|
Bank of N.T. Butterfield & Son Ltd
NYSE:NTB
|
$2.21 Billion |
|
Affle (India) Limited
NSE:AFFLE
|
$2.20 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 2024 to 2025, total equity changed from 8,112,292,074 to 8,437,361,753, a change of 325,069,679 (4.0%).
- Net income of 817,670,474 contributed positively to equity growth.
- Dividend payments of 527,652,249 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥817.67 Million | +9.69% |
| Dividends Paid | CN¥527.65 Million | -6.25% |
| Other Changes | CN¥35.05 Million | +0.42% |
| Total Change | CN¥- | 4.01% |
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: 1.79x
- 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 80.86x to 1.79x 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¥5.75 | x |
| 2008-12-31 | CN¥0.09 | CN¥5.75 | x |
| 2009-12-31 | CN¥0.15 | CN¥5.75 | x |
| 2010-12-31 | CN¥1.36 | CN¥5.75 | x |
| 2011-12-31 | CN¥1.12 | CN¥5.75 | x |
| 2012-12-31 | CN¥1.19 | CN¥5.75 | x |
| 2013-12-31 | CN¥1.29 | CN¥5.75 | x |
| 2014-12-31 | CN¥1.42 | CN¥5.75 | x |
| 2015-12-31 | CN¥2.22 | CN¥5.75 | x |
| 2016-12-31 | CN¥2.44 | CN¥5.75 | x |
| 2017-12-31 | CN¥2.78 | CN¥5.75 | x |
| 2018-12-31 | CN¥3.40 | CN¥5.75 | x |
| 2019-12-31 | CN¥3.68 | CN¥5.75 | x |
| 2020-12-31 | CN¥2.83 | CN¥5.75 | x |
| 2021-12-31 | CN¥2.92 | CN¥5.75 | x |
| 2022-12-31 | CN¥2.86 | CN¥5.75 | x |
| 2023-12-31 | CN¥2.77 | CN¥5.75 | x |
| 2024-12-31 | CN¥3.10 | CN¥5.75 | x |
| 2025-12-31 | CN¥3.21 | CN¥5.75 | 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): 9.69%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 36.22%
- • Asset Turnover: 0.22x
- • Equity Multiplier: 1.21x
- Recent ROE (9.69%) is below the historical average (11.70%), 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 | 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 | 10.53% | 38.62% | 0.24x | 1.12x | CN¥18.32 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 | 14.49% | 40.08% | 0.28x | 1.28x | CN¥399.00 Million |
| 2019 | 13.94% | 51.30% | 0.24x | 1.15x | CN¥378.38 Million |
| 2020 | -23.64% | -194.15% | 0.09x | 1.30x | CN¥-2.49 Billion |
| 2021 | 4.12% | 26.60% | 0.12x | 1.29x | CN¥-449.35 Million |
| 2022 | -0.64% | -10.43% | 0.05x | 1.25x | CN¥-796.48 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 |
| 2025 | 9.69% | 36.22% | 0.22x | 1.21x | CN¥-26.07 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: $771,227,025
- Average return on equity (ROE) among peers: 1.13%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Songcheng Performance Develop (300144) | CN¥8.14 Billion | 37.37% | 0.15x | $2.21 Billion |
| China Bicycle Co Holdings Ltd (000017) | $-1.99 Billion | 0.00% | 0.00x | $325.76 Million |
| HL Corp Shenzhen (002105) | $522.46 Million | 5.17% | 1.08x | $267.96 Million |
| Goldlok Toys Holdings Guangdong Co Ltd (002348) | $1.22 Billion | 4.59% | 0.02x | $1.46 Billion |
| Guangdong Qunxing Toys Joint-Stock Co Ltd (002575) | $187.97 Million | 30.65% | 0.64x | $525.94 Million |
| Shanghai Yaoji Playing Card Co Ltd (002605) | $860.45 Million | 13.60% | 0.29x | $1.12 Billion |
| Xiamen Comfort Science&Technology Group Co Ltd (002614) | $2.00 Billion | 1.37% | 0.34x | $403.43 Million |
| Guangzhou Pearl River Piano Group Co Ltd (002678) | $3.23 Billion | 5.10% | 0.29x | $850.71 Million |
| Shifeng Cultural Development Co Ltd (002862) | $283.43 Million | -61.66% | 1.34x | $315.16 Million |
| Impulse Qingdao Health Tech Co Ltd (002899) | $249.64 Million | 29.77% | 1.70x | $489.21 Million |
| China Bicycle Co Holdings Ltd (200017) | $1.15 Billion | -17.27% | 1.93x | $46.52 Million |
About Songcheng Performance Develop
Songcheng Performance Development Co.,Ltd operates in the cultural tourism and performing arts industry in China. The company operates tourism resorts and theme parks; and performs art shows under Songcheng and the Eternal Love brand names. It also engages in the leisure, tourism, live entertainment, and online entertainment, as well as catering services and marketing planning of tourist attracti… Read more