Songz Automobile Air Conditioning Co Ltd (002454) — Tangible Net Worth Ratio
Songz Automobile Air Conditioning Co Ltd (002454) has a Tangible Net Worth Ratio of 94.0% as of September 2025. This metric is calculated by deducting intangible assets (CN¥277.69 Million) from net assets (CN¥4.60 Billion) and expressing it as a percentage of total net assets. A higher ratio means that more of the company's equity is backed by tangible, balance-sheet-verifiable assets rather than goodwill, patents, or brand value. See shareholders equity of Songz Automobile Air Conditioning Co Ltd for net asset value and shareholders' equity analysis.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Songz Automobile Air Conditioning Co Ltd Tangible Net Worth Ratio (2007–2024)
This chart shows how Songz Automobile Air Conditioning Co Ltd's Tangible Net Worth Ratio has changed across 18 annual periods from 2007 to 2024. As of September 2025, the ratio stands at 94.0%, reflecting net assets of CN¥4.60 Billion with intangible assets of CN¥277.69 Million CNY. Also explore net asset momentum of Songz Automobile Air Conditioning Co Ltd to track the company's year-over-year net asset growth rate.
Annual Tangible Net Worth Ratio for Songz Automobile Air Conditioning Co Ltd (2007–2024)
The table below presents the year-by-year Tangible Net Worth Ratio for Songz Automobile Air Conditioning Co Ltd from 2007 to 2024, covering 18 annual filings. Each row shows net assets, intangible assets, total assets, the tangible net worth ratio, and the change in percentage points versus the prior year. For the full company profile including market capitalisation, see 002454 market cap.
| Year | Tangible NW Ratio | Net Assets (CNY) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2024 | 93.4% | CN¥4.43 Billion | CN¥290.38 Million | CN¥8.12 Billion | ▲ +0.3 pp |
| 2023 | 93.2% | CN¥4.35 Billion | CN¥296.78 Million | CN¥7.37 Billion | ▲ +0.4 pp |
| 2022 | 92.8% | CN¥4.19 Billion | CN¥301.68 Million | CN¥7.05 Billion | ▼ -1.7 pp |
| 2021 | 94.5% | CN¥4.10 Billion | CN¥224.71 Million | CN¥6.93 Billion | ▲ +0.2 pp |
| 2020 | 94.3% | CN¥4.08 Billion | CN¥230.68 Million | CN¥6.55 Billion | ▲ +1.6 pp |
| 2019 | 92.8% | CN¥3.73 Billion | CN¥269.54 Million | CN¥5.81 Billion | ▲ +0.5 pp |
| 2018 | 92.3% | CN¥3.58 Billion | CN¥277.04 Million | CN¥5.90 Billion | ▲ +0.6 pp |
| 2017 | 91.7% | CN¥3.37 Billion | CN¥279.23 Million | CN¥6.15 Billion | ▼ -0.6 pp |
| 2016 | 92.3% | CN¥2.92 Billion | CN¥224.98 Million | CN¥4.81 Billion | ▼ -1.4 pp |
| 2015 | 93.7% | CN¥2.68 Billion | CN¥169.87 Million | CN¥4.37 Billion | ▲ +0.5 pp |
| 2014 | 93.2% | CN¥2.45 Billion | CN¥167.58 Million | CN¥3.75 Billion | ▲ +0.2 pp |
| 2013 | 92.9% | CN¥2.28 Billion | CN¥160.99 Million | CN¥3.34 Billion | ▼ -4.4 pp |
| 2012 | 97.3% | CN¥1.99 Billion | CN¥52.94 Million | CN¥2.74 Billion | ▲ +0.2 pp |
| 2011 | 97.2% | CN¥1.93 Billion | CN¥54.15 Million | CN¥2.64 Billion | ▲ +0.3 pp |
| 2010 | 96.9% | CN¥1.78 Billion | CN¥55.62 Million | CN¥2.31 Billion | ▲ +5.1 pp |
| 2009 | 91.8% | CN¥505.48 Million | CN¥41.41 Million | CN¥1.12 Billion | ▼ -2.1 pp |
| 2008 | 93.9% | CN¥406.01 Million | CN¥24.79 Million | CN¥831.83 Million | ▲ +2.6 pp |
| 2007 | 91.3% | CN¥290.88 Million | CN¥25.30 Million | CN¥724.13 Million | — |