Zhejiang Songyuan Automotive Safety
Zhejiang Songyuan Automotive Safety Systems Co.,Ltd., together with its subsidiaries, engages in the design, research, development, production, sale, and service of automotive passive safety system products in China and internationally. The company offers seat belt assemblies, air bags, steering wheels, and special seat safety devices; electronics comprising ECU, integrated switches, and harnesse… Read more
Zhejiang Songyuan Automotive Safety (300893) - Net Assets
Latest net assets as of September 2025: CN¥1.94 Billion CNY
Based on the latest financial reports, Zhejiang Songyuan Automotive Safety (300893) has net assets worth CN¥1.94 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¥3.68 Billion) and total liabilities (CN¥1.74 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¥1.94 Billion |
| % of Total Assets | 52.6% |
| Annual Growth Rate | 24.03% |
| 5-Year Change | 88.75% |
| 10-Year Change | N/A |
| Growth Volatility | 26.58 |
Zhejiang Songyuan Automotive Safety - Net Assets Trend (2016–2024)
This chart illustrates how Zhejiang Songyuan Automotive Safety's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Zhejiang Songyuan Automotive Safety (2016–2024)
The table below shows the annual net assets of Zhejiang Songyuan Automotive Safety from 2016 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.34 Billion | +26.04% |
| 2023-12-31 | CN¥1.06 Billion | +21.91% |
| 2022-12-31 | CN¥873.50 Million | +13.10% |
| 2021-12-31 | CN¥772.30 Million | +8.62% |
| 2020-12-31 | CN¥711.03 Million | +94.96% |
| 2019-12-31 | CN¥364.71 Million | +13.93% |
| 2018-12-31 | CN¥320.12 Million | +10.48% |
| 2017-12-31 | CN¥289.75 Million | +20.89% |
| 2016-12-31 | CN¥239.69 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Zhejiang Songyuan Automotive Safety'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 2084.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥661.80 Million | 49.31% |
| Common Stock | CN¥226.33 Million | 16.86% |
| Other Comprehensive Income | CN¥163.71 Million | 12.20% |
| Other Components | CN¥290.26 Million | 21.63% |
| Total Equity | CN¥1.34 Billion | 100.00% |
Zhejiang Songyuan Automotive Safety Competitors by Market Cap
The table below lists competitors of Zhejiang Songyuan Automotive Safety ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
LIGHTHOUSE PROPERTIES
F:87O
|
$397.66 Million |
|
Dine Brands Global Inc
NYSE:DIN
|
$397.73 Million |
|
Suzhou Shihua New Material Technology Co Ltd
SHG:688093
|
$397.91 Million |
|
SEOUL GUARANTEE INSURANCE
KO:031210
|
$397.97 Million |
|
JiangSu Jin Tong Ling Fluid Mach
SHE:300091
|
$397.43 Million |
|
Alltop Technology Co Ltd
TWO:3526
|
$397.32 Million |
|
Saibu Gas Holdings Co.Ltd
F:XSG
|
$397.31 Million |
|
Shenzhen Sinovatio Technology Co Ltd Class A
SHE:002912
|
$397.23 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Zhejiang Songyuan Automotive Safety's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,064,856,000 to 1,342,105,000, a change of 277,249,000 (26.0%).
- Net income of 260,384,780 contributed positively to equity growth.
- Dividend payments of 61,125,000 reduced retained earnings.
- Other comprehensive income increased equity by 163,700,947.
- Other factors decreased equity by 85,711,727.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥260.38 Million | +19.4% |
| Dividends Paid | CN¥61.12 Million | -4.55% |
| Other Comprehensive Income | CN¥163.70 Million | +12.2% |
| Other Changes | CN¥-85.71 Million | -6.39% |
| Total Change | CN¥- | 26.04% |
Book Value vs Market Value Analysis
This analysis compares Zhejiang Songyuan Automotive Safety'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: 3.66x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 15.07x to 3.66x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | CN¥1.43 | CN¥21.49 | x |
| 2017-12-31 | CN¥1.72 | CN¥21.49 | x |
| 2018-12-31 | CN¥1.90 | CN¥21.49 | x |
| 2019-12-31 | CN¥1.62 | CN¥21.49 | x |
| 2020-12-31 | CN¥3.16 | CN¥21.49 | x |
| 2021-12-31 | CN¥3.43 | CN¥21.49 | x |
| 2022-12-31 | CN¥3.88 | CN¥21.49 | x |
| 2023-12-31 | CN¥4.68 | CN¥21.49 | x |
| 2024-12-31 | CN¥5.88 | CN¥21.49 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Zhejiang Songyuan Automotive Safety 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): 19.40%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 13.21%
- • Asset Turnover: 0.63x
- • Equity Multiplier: 2.34x
- Recent ROE (19.40%) is above the historical average (18.00%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 24.20% | 13.79% | 0.96x | 1.83x | CN¥34.04 Million |
| 2017 | 17.28% | 11.75% | 0.86x | 1.71x | CN¥21.09 Million |
| 2018 | 19.84% | 15.09% | 0.85x | 1.55x | CN¥31.49 Million |
| 2019 | 22.10% | 17.33% | 0.84x | 1.52x | CN¥44.12 Million |
| 2020 | 12.66% | 16.80% | 0.61x | 1.24x | CN¥18.93 Million |
| 2021 | 14.41% | 14.93% | 0.69x | 1.41x | CN¥34.04 Million |
| 2022 | 13.51% | 11.90% | 0.64x | 1.77x | CN¥30.69 Million |
| 2023 | 18.57% | 15.45% | 0.65x | 1.86x | CN¥91.30 Million |
| 2024 | 19.40% | 13.21% | 0.63x | 2.34x | CN¥126.17 Million |
Industry Comparison
This section compares Zhejiang Songyuan Automotive Safety'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 |
|---|---|---|---|---|
| Zhejiang Songyuan Automotive Safety (300893) | CN¥1.94 Billion | 24.20% | 0.90x | $397.44 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 |