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) - Total Assets
Latest total assets as of September 2025: CN¥3.68 Billion CNY
Based on the latest financial reports, Zhejiang Songyuan Automotive Safety (300893) holds total assets worth CN¥3.68 Billion CNY as of September 2025.
Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments.
Zhejiang Songyuan Automotive Safety - Total Assets Trend (2016–2024)
This chart illustrates how Zhejiang Songyuan Automotive Safety’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Zhejiang Songyuan Automotive Safety - Asset Composition Analysis
Current Asset Composition (December 2024)
Zhejiang Songyuan Automotive Safety's total assets of CN¥3.68 Billion consist of 55.3% current assets and 44.7% non-current assets.
| Asset Category | Amount (CNY) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | CN¥0.00 | 7.6% |
| Accounts Receivable | CN¥1.09 Billion | 34.6% |
| Inventory | CN¥334.73 Million | 10.7% |
| Property, Plant & Equipment | CN¥0.00 | 0.0% |
| Intangible Assets | CN¥235.82 Million | 7.5% |
| Goodwill | CN¥0.00 | 0.0% |
Asset Composition Trend (2016–2024)
This chart illustrates how Zhejiang Songyuan Automotive Safety's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Zhejiang Songyuan Automotive Safety's current assets represent 55.3% of total assets in 2024, a decrease from 66.0% in 2016.
- Cash Position: Cash and equivalents constituted 7.6% of total assets in 2024, up from 4.8% in 2016.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 7.0% of total assets, an increase from 6.0% in 2016.
- Asset Diversification: The largest asset category is accounts receivable at 34.6% of total assets.
Zhejiang Songyuan Automotive Safety Competitors by Total Assets
Key competitors of Zhejiang Songyuan Automotive Safety based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
iQ International AG
F:IQL
|
Germany | €35.73 Million |
|
Metaterra Corp.
PINK:MTRC
|
USA | $54.63K |
|
Daewonkangup
KO:000430
|
Korea | ₩1.39 Trillion |
|
Wanxiang Qianchao Co Ltd
SHE:000559
|
China | CN¥24.64 Billion |
|
Weifu High-Technology Group Co Ltd
SHE:000581
|
China | CN¥29.08 Billion |
|
Gui Zhou Tyre Co Ltd
SHE:000589
|
China | CN¥18.30 Billion |
|
Qingdao Doublestar Co Ltd
SHE:000599
|
China | CN¥9.23 Billion |
|
Hengli Industrial Development Group Co Ltd
SHE:000622
|
China | CN¥481.53 Million |
Zhejiang Songyuan Automotive Safety - Asset Efficiency Metrics
Asset efficiency metrics measure how effectively a company uses its assets to generate revenue and profits. These indicators help investors evaluate management's ability to deploy capital efficiently.
Asset Turnover Ratio
Measures how efficiently a company uses its assets to generate sales
Moderate asset utilization - Zhejiang Songyuan Automotive Safety generates 0.63x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Solid ROA - For every $100 in assets, Zhejiang Songyuan Automotive Safety generates $8.30 in net profit.
Zhejiang Songyuan Automotive Safety - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 1.32 | 1.93 | 3.88 |
| Quick Ratio | 0.97 | 1.59 | 3.29 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | CN¥453.26 Million | CN¥ 711.77 Million | CN¥ 468.93 Million |
Zhejiang Songyuan Automotive Safety - Advanced Valuation Insights
This section examines the relationship between Zhejiang Songyuan Automotive Safety's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 5.73 |
| Latest Market Cap to Assets Ratio | 0.13 |
| Asset Growth Rate (YoY) | 58.3% |
| Total Assets | CN¥3.14 Billion |
| Market Capitalization | $397.44 Million USD |
Valuation Analysis
Below Book Valuation: The market values Zhejiang Songyuan Automotive Safety's assets below their book value (0.13 x), which may indicate investor concerns about asset quality or future growth.
Rapid Asset Growth: Zhejiang Songyuan Automotive Safety's assets grew by 58.3% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for Zhejiang Songyuan Automotive Safety (2016–2024)
The table below shows the annual total assets of Zhejiang Songyuan Automotive Safety from 2016 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥3.14 Billion | +58.33% |
| 2023-12-31 | CN¥1.98 Billion | +28.13% |
| 2022-12-31 | CN¥1.55 Billion | +42.35% |
| 2021-12-31 | CN¥1.09 Billion | +22.79% |
| 2020-12-31 | CN¥884.73 Million | +60.03% |
| 2019-12-31 | CN¥552.84 Million | +11.77% |
| 2018-12-31 | CN¥494.62 Million | +0.02% |
| 2017-12-31 | CN¥494.53 Million | +12.76% |
| 2016-12-31 | CN¥438.59 Million | -- |