Announcement • Mar 31
Songz Automobile Air Conditioning Co., Ltd to Report Q1, 2026 Results on Apr 30, 2026 Songz Automobile Air Conditioning Co., Ltd announced that they will report Q1, 2026 results on Apr 30, 2026 Reported Earnings • Mar 31
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: CN¥0.39 (up from CN¥0.22 in FY 2024). Revenue: CN¥5.63b (up 13% from FY 2024). Net income: CN¥247.4m (up 81% from FY 2024). Profit margin: 4.4% (up from 2.7% in FY 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 11%. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Auto Components industry in China. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Announcement • Mar 31
Songz Automobile Air Conditioning Co., Ltd, Annual General Meeting, Apr 23, 2026 Songz Automobile Air Conditioning Co., Ltd, Annual General Meeting, Apr 23, 2026, at 14:30 China Standard Time. Location: 5F, No. 2059, Zhuanxing Road, Xinzhuang Industrial Zone, Minhang District, Shanghai China Announcement • Dec 31
Songz Automobile Air Conditioning Co., Ltd to Report Fiscal Year 2025 Results on Mar 31, 2026 Songz Automobile Air Conditioning Co., Ltd announced that they will report fiscal year 2025 results on Mar 31, 2026 Price Target Changed • Nov 24
Price target increased by 31% to CN¥10.50 Up from CN¥8.00, the current price target is provided by 1 analyst. New target price is 28% above last closing price of CN¥8.18. Stock is up 17% over the past year. The company is forecast to post earnings per share of CN¥0.35 for next year compared to CN¥0.22 last year. Announcement • Nov 12
Songz Automobile Air Conditioning Co., Ltd Approves Dividend for the Third Quarter for 2025 Songz Automobile Air Conditioning Co. Ltd. held 3rd Extraordinary General Meeting of 2025 on 10 November 2025. For the period, the company reported Cash dividend/10 shares (tax included): CNY 1.50000000 for the third quarter of 2025. Reported Earnings • Oct 25
Third quarter 2025 earnings released: EPS: CN¥0.11 (vs CN¥0.08 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.11 (up from CN¥0.08 in 3Q 2024). Revenue: CN¥1.38b (up 1.9% from 3Q 2024). Net income: CN¥71.0m (up 41% from 3Q 2024). Profit margin: 5.2% (up from 3.7% in 3Q 2024). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Auto Components industry in China. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Announcement • Oct 25
Songz Automobile Air Conditioning Co., Ltd Proposes Dividend for the Third Quarter for 2025 Songz Automobile Air Conditioning Co. Ltd. will hold the 3rd Extraordinary General Meeting of 2025 at 14:30 on 10 November 2025 proposed Cash dividend/10 shares (tax included): CNY1.50000000 for the third quarter of 2025. Announcement • Sep 30
Songz Automobile Air Conditioning Co., Ltd to Report Q3, 2025 Results on Oct 24, 2025 Songz Automobile Air Conditioning Co., Ltd announced that they will report Q3, 2025 results on Oct 24, 2025 Announcement • Jul 02
Songz Automobile Air Conditioning Co., Ltd to Report First Half, 2025 Results on Aug 28, 2025 Songz Automobile Air Conditioning Co., Ltd announced that they will report first half, 2025 results on Aug 28, 2025 Declared Dividend • Jun 09
Dividend increased to CN¥0.10 Dividend of CN¥0.10 is 67% higher than last year. Ex-date: 13th June 2025 Payment date: 13th June 2025 Dividend yield will be 1.3%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is well covered by both earnings (37% earnings payout ratio) and cash flows (18% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 62% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Apr 27
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: CN¥0.22 (up from CN¥0.16 in FY 2023). Revenue: CN¥5.00b (up 5.1% from FY 2023). Net income: CN¥136.5m (up 37% from FY 2023). Profit margin: 2.7% (up from 2.1% in FY 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 4.9%. Earnings per share (EPS) also missed analyst estimates by 15%. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Announcement • Apr 26
Songz Automobile Air Conditioning Co., Ltd, Annual General Meeting, May 22, 2025 Songz Automobile Air Conditioning Co., Ltd, Annual General Meeting, May 22, 2025, at 14:30 China Standard Time. Location: 5F, No. 2059, Zhuanxing Road, Xinzhuang Industrial Zone, Minhang District, Shanghai China Buy Or Sell Opportunity • Apr 21
Now 21% overvalued Over the last 90 days, the stock has fallen 10% to CN¥6.21. The fair value is estimated to be CN¥5.14, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.5% over the last 3 years. Earnings per share has grown by 13%. Revenue is forecast to grow by 23% in a year. Earnings are forecast to grow by 69% in the next year. Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥5.70, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 18x in the Auto Components industry in China. Total loss to shareholders of 1.2% over the past three years. Announcement • Mar 31
Songz Automobile Air Conditioning Co., Ltd to Report Q1, 2025 Results on Apr 26, 2025 Songz Automobile Air Conditioning Co., Ltd announced that they will report Q1, 2025 results on Apr 26, 2025 Reported Earnings • Feb 26
Full year 2024 earnings released: EPS: CN¥0.21 (vs CN¥0.16 in FY 2023) Full year 2024 results: EPS: CN¥0.21 (up from CN¥0.16 in FY 2023). Revenue: CN¥5.00b (up 5.1% from FY 2023). Net income: CN¥129.2m (up 29% from FY 2023). Profit margin: 2.6% (up from 2.1% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Announcement • Dec 31
Songz Automobile Air Conditioning Co., Ltd to Report Fiscal Year 2024 Results on Apr 26, 2025 Songz Automobile Air Conditioning Co., Ltd announced that they will report fiscal year 2024 results on Apr 26, 2025 Reported Earnings • Oct 31
Third quarter 2024 earnings released: EPS: CN¥0.08 (vs CN¥0.03 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.08 (up from CN¥0.03 in 3Q 2023). Revenue: CN¥1.35b (flat on 3Q 2023). Net income: CN¥50.5m (up 162% from 3Q 2023). Profit margin: 3.7% (up from 1.4% in 3Q 2023). Revenue is forecast to grow 21% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Auto Components industry in China. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥6.45, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 15x in the Auto Components industry in China. Total loss to shareholders of 17% over the past three years. Announcement • Sep 30
Songz Automobile Air Conditioning Co., Ltd to Report Q3, 2024 Results on Oct 28, 2024 Songz Automobile Air Conditioning Co., Ltd announced that they will report Q3, 2024 results on Oct 28, 2024 Announcement • Sep 11
Songz Automobile Air Conditioning Co., Ltd (SZSE:002454) acquired an additional 20% stake in Wuhan Songz Automotive Air Conditioning Co., Ltd. from Wuhan Aipu Automotive Air Conditioning Co., Ltd. for CNY 16 million. Songz Automobile Air Conditioning Co., Ltd (SZSE:002454) agreed to acquire an additional 20% stake in Wuhan Songz Automotive Air Conditioning Co., Ltd. from Wuhan Aipu Automotive Air Conditioning Co., Ltd. for CNY 16 million on August 28, 2024. A cash consideration of CNY 15.97 million will be paid by Songz Automobile Air Conditioning Co., Ltd. As part of consideration, CNY 15.97 million is paid towards common equity of Wuhan Songz Automotive Air Conditioning Co., Ltd. Upon completion, Songz Automobile Air Conditioning Co., Ltd will own 91% stake in Wuhan Songz Automotive Air Conditioning Co., Ltd. Transaction has already been approved by Songz Automobile Air Conditioning Co., Ltd's board of director's.
Songz Automobile Air Conditioning Co., Ltd (SZSE:002454) Completed the acquisition of an additional 20% stake in Wuhan Songz Automotive Air Conditioning Co., Ltd. from Wuhan Aipu Automotive Air Conditioning Co., Ltd. on August 28, 2024. Reported Earnings • Aug 29
Second quarter 2024 earnings released: EPS: CN¥0.05 (vs CN¥0.061 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.05 (down from CN¥0.061 in 2Q 2023). Revenue: CN¥1.17b (down 6.4% from 2Q 2023). Net income: CN¥30.7m (down 25% from 2Q 2023). Profit margin: 2.6% (down from 3.3% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Auto Components industry in China. Over the last 3 years on average, earnings per share has fallen by 17% per year whereas the company’s share price has fallen by 13% per year. Announcement • Jun 29
Songz Automobile Air Conditioning Co., Ltd to Report First Half, 2024 Results on Aug 29, 2024 Songz Automobile Air Conditioning Co., Ltd announced that they will report first half, 2024 results on Aug 29, 2024 Declared Dividend • Jun 11
Dividend increased to CN¥0.06 Dividend of CN¥0.06 is 100% higher than last year. Ex-date: 14th June 2024 Payment date: 14th June 2024 Dividend yield will be 1.0%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is well covered by both earnings (33% earnings payout ratio) and cash flows (42% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 37% over the next year, which should provide support to the dividend and adequate earnings cover. Announcement • Jun 08
Songz Automobile Air Conditioning Co., Ltd Announces Dividend Implementation for 2023, Payable on 14 June 2024 Songz Automobile Air Conditioning Co. Ltd. announced 2023 final profit distribution plan to be implemented (A shares): Cash dividend/10 shares (tax included): CNY 0.60000000. Record date: 13 June 2024; Ex-date: 14 June 2024; Payment date: 14 June 2024. Announcement • Apr 30
Songz Automobile Air Conditioning Co., Ltd, Annual General Meeting, May 21, 2024 Songz Automobile Air Conditioning Co., Ltd, Annual General Meeting, May 21, 2024, at 14:30 China Standard Time. Location: 5F, No. 2059, Zhuanxing Road, Xinzhuang Industrial Zone, Minhang District, Shanghai China Reported Earnings • Apr 29
First quarter 2024 earnings released: EPS: CN¥0.10 (vs CN¥0.08 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.10 (up from CN¥0.08 in 1Q 2023). Revenue: CN¥1.07b (flat on 1Q 2023). Net income: CN¥60.4m (up 28% from 1Q 2023). Profit margin: 5.6% (up from 4.4% in 1Q 2023). Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Auto Components industry in China. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Apr 16
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥5.60, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 17x in the Auto Components industry in China. Negligible returns to shareholders over past three years. Announcement • Mar 30
Songz Automobile Air Conditioning Co., Ltd to Report Q1, 2024 Results on Apr 29, 2024 Songz Automobile Air Conditioning Co., Ltd announced that they will report Q1, 2024 results on Apr 29, 2024 Valuation Update With 7 Day Price Move • Mar 14
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥6.79, the stock trades at a trailing P/E ratio of 49.5x. Average trailing P/E is 32x in the Auto Components industry in China. Total returns to shareholders of 14% over the past three years. Reported Earnings • Feb 29
Full year 2023 earnings released: EPS: CN¥0.14 (vs CN¥0.15 in FY 2022) Full year 2023 results: EPS: CN¥0.14 (down from CN¥0.15 in FY 2022). Revenue: CN¥4.64b (up 9.8% from FY 2022). Net income: CN¥86.3m (down 8.0% from FY 2022). Profit margin: 1.9% (down from 2.2% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥5.31, the stock trades at a trailing P/E ratio of 23x. Average trailing P/E is 28x in the Auto Components industry in China. Total returns to shareholders of 12% over the past three years. Announcement • Dec 30
Songz Automobile Air Conditioning Co., Ltd to Report Fiscal Year 2023 Results on Apr 29, 2024 Songz Automobile Air Conditioning Co., Ltd announced that they will report fiscal year 2023 results on Apr 29, 2024 Reported Earnings • Oct 31
Third quarter 2023 earnings released: EPS: CN¥0.03 (vs CN¥0.042 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.03 (down from CN¥0.042 in 3Q 2022). Revenue: CN¥1.36b (up 19% from 3Q 2022). Net income: CN¥19.3m (down 17% from 3Q 2022). Profit margin: 1.4% (down from 2.0% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. New Risk • Oct 03
New major risk - Revenue and earnings growth Earnings have declined by 19% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. Announcement • Sep 30
Songz Automobile Air Conditioning Co., Ltd to Report Q3, 2023 Results on Oct 28, 2023 Songz Automobile Air Conditioning Co., Ltd announced that they will report Q3, 2023 results at 3:00 PM, China Standard Time on Oct 28, 2023 Announcement • Sep 16
Songz Automobile Air Conditioning Co., Ltd Elects Cai Beiqi as Independent Directors Songz Automobile Air Conditioning Co. Ltd. held its 2nd Extraordinary General Meeting of 2023 on 14 September 2023 were approved election of Cai Beiqi as independent directors. Reported Earnings • Aug 30
Second quarter 2023 earnings released: EPS: CN¥0.061 (vs CN¥0.02 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.061 (up from CN¥0.02 in 2Q 2022). Revenue: CN¥1.25b (up 44% from 2Q 2022). Net income: CN¥40.8m (up 215% from 2Q 2022). Profit margin: 3.3% (up from 1.5% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 21% growth forecast for the Auto Components industry in China. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Announcement • Jun 09
Songz Automobile Air Conditioning Co., Ltd Announces Final Dividend on A Shares for the Year 2022, Payable on June 16, 2023 Songz Automobile Air Conditioning Co. Ltd. announced final cash dividend/10 shares (tax included) of CNY 0.30000000 on A shares for the year 2022. Record date is June 15, 2023. Ex-date is May June 16, 2023. Payment date is June 16, 2023. Reported Earnings • Apr 28
Full year 2022 earnings released: EPS: CN¥0.15 (vs CN¥0.18 in FY 2021) Full year 2022 results: EPS: CN¥0.15 (down from CN¥0.18 in FY 2021). Revenue: CN¥4.23b (up 2.5% from FY 2021). Net income: CN¥93.8m (down 17% from FY 2021). Profit margin: 2.2% (down from 2.7% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Auto Components industry in China. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings. Reported Earnings • Mar 01
Full year 2022 earnings released: EPS: CN¥0.13 (vs CN¥0.18 in FY 2021) Full year 2022 results: EPS: CN¥0.13 (down from CN¥0.18 in FY 2021). Revenue: CN¥4.24b (up 2.8% from FY 2021). Net income: CN¥81.7m (down 27% from FY 2021). Profit margin: 1.9% (down from 2.7% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 12 experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Oct 27
Third quarter 2022 earnings released: EPS: CN¥0.042 (vs CN¥0.009 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.042 (up from CN¥0.009 in 3Q 2021). Revenue: CN¥1.15b (up 21% from 3Q 2021). Net income: CN¥23.1m (up 300% from 3Q 2021). Profit margin: 2.0% (up from 0.6% in 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings. Reported Earnings • Aug 31
Second quarter 2022 earnings released: EPS: CN¥0.02 (vs CN¥0.097 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.02 (down from CN¥0.097 in 2Q 2021). Revenue: CN¥865.7m (down 19% from 2Q 2021). Net income: CN¥13.0m (down 80% from 2Q 2021). Profit margin: 1.5% (down from 6.1% in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Aug 01
Investor sentiment improved over the past week After last week's 22% share price gain to CN¥10.77, the stock trades at a trailing P/E ratio of 65.7x. Average trailing P/E is 54x in the Auto Components industry in China. Total returns to shareholders of 148% over the past three years. Valuation Update With 7 Day Price Move • Jul 05
Investor sentiment deteriorated over the past week After last week's 25% share price decline to CN¥9.94, the stock trades at a trailing P/E ratio of 60.6x. Average trailing P/E is 45x in the Auto Components industry in China. Total returns to shareholders of 102% over the past three years. Announcement • Jun 23
Songz Automobile Air Conditioning Co., Ltd. Announces Implementation of 2021 Final Cash Dividend, Payable on 28 June 2022 Songz Automobile Air Conditioning Co., Ltd. announced 2021 final profit distribution plan to be implemented (A shares) as cash dividend (tax included) of CNY 0.4000000 per ten shares. The record date is 27 June 2022, ex-date is 28 June 2022, and payment date is 28 June 2022. Valuation Update With 7 Day Price Move • Jun 20
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥7.49, the stock trades at a trailing P/E ratio of 45.7x. Average trailing P/E is 45x in the Auto Components industry in China. Total returns to shareholders of 44% over the past three years. Announcement • May 24
Songz Automobile Air Conditioning Co., Ltd. Approves Cash Dividend for 2021 Songz Automobile Air Conditioning Co., Ltd. approved a cash dividend of CNY 0.40000000 per 10 shares (tax included) for 2021, at its AGM held on May 20, 2022. Announcement • May 02
Songz Automobile Air Conditioning Co., Ltd. Proposes Final Cash Dividend for the Year 2021 Songz Automobile Air Conditioning Co., Ltd. proposed final cash dividend/10 shares (tax included) of CNY 0.40000000 for the year 2021. Reported Earnings • Apr 30
Full year 2021 earnings released: EPS: CN¥0.18 (vs CN¥0.39 in FY 2020) Full year 2021 results: EPS: CN¥0.18 (down from CN¥0.39 in FY 2020). Revenue: CN¥4.12b (up 22% from FY 2020). Net income: CN¥112.6m (down 54% from FY 2020). Profit margin: 2.7% (down from 7.3% in FY 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has fallen by 3% per year. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 12 experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Oct 23
Third quarter 2021 earnings released The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: CN¥947.5m (up 11% from 3Q 2020). Net income: CN¥5.78m (down 92% from 3Q 2020). Profit margin: 0.6% (down from 8.5% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 24% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment deteriorated over the past week After last week's 18% share price decline to CN¥7.90, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 19x in the Auto Components industry in China. Total returns to shareholders of 72% over the past three years. Valuation Update With 7 Day Price Move • Aug 31
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥8.44, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 19x in the Auto Components industry in China. Total returns to shareholders of 84% over the past three years. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥6.72, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 21x in the Auto Components industry in China. Total returns to shareholders of 33% over the past three years. Upcoming Dividend • May 05
Upcoming dividend of CN¥0.08 per share Eligible shareholders must have bought the stock before 12 May 2021. Payment date: 12 May 2021. Trailing yield: 1.5%. Lower than top quartile of Chinese dividend payers (1.9%). Lower than average of industry peers (1.7%). Announcement • Apr 30
Songz Automobile Air Conditioning Co., Ltd. Announces 2020 Final Distribution Plan to Be Implemented (A Shares), Payment Date Is 12 May 2021 Songz Automobile Air Conditioning Co., Ltd. announced 2020 final distribution plan to be implemented (A shares). The company announced Cash dividend per 10 shares (tax included) is CNY 0.80000000. 10% withholding tax on cash dividend will be deducted in CNY within the cash dividend receivable. Reported Earnings • Mar 26
Full year 2020 earnings released: EPS CN¥0.39 (vs CN¥0.28 in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were flat. Full year 2020 results: Revenue: CN¥3.38b (flat on FY 2019). Net income: CN¥246.9m (up 40% from FY 2019). Profit margin: 7.3% (up from 5.2% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Announcement • Feb 24
Songz Automobile Air Conditioning Co., Ltd. to Report Fiscal Year 2020 Results on Mar 26, 2021 Songz Automobile Air Conditioning Co., Ltd. announced that they will report fiscal year 2020 results on Mar 26, 2021 Is New 90 Day High Low • Jan 25
New 90-day low: CN¥5.32 The company is down 15% from its price of CN¥6.26 on 27 October 2020. The Chinese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Auto Components industry, which is up 10.0% over the same period. Valuation Update With 7 Day Price Move • Jan 11
Investor sentiment deteriorated over the past week After last week's 17% share price decline to CN¥5.40, the stock is trading at a trailing P/E ratio of 22.6x, down from the previous P/E ratio of 27.1x. This compares to an average P/E of 35x in the Auto Components industry in China. Total return to shareholders over the past three years is a loss of 29%. Is New 90 Day High Low • Jan 07
New 90-day low: CN¥5.70 The company is down 3.0% from its price of CN¥5.89 on 09 October 2020. The Chinese market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Auto Components industry, which is up 11% over the same period. Is New 90 Day High Low • Nov 05
New 90-day high: CN¥6.78 The company is up 29% from its price of CN¥5.26 on 07 August 2020. The Chinese market is down 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto Components industry, which is up 8.0% over the same period. Reported Earnings • Oct 26
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥149.3m, down 48% from the prior year. Total revenue was CN¥3.22b over the last 12 months, down 7.3% from the prior year. Is New 90 Day High Low • Oct 20
New 90-day high: CN¥6.49 The company is up 29% from its price of CN¥5.02 on 22 July 2020. The Chinese market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto Components industry, which is up 9.0% over the same period. Announcement • Oct 17
Songz Automobile Air Conditioning Co., Ltd. to Report Q3, 2020 Results on Oct 24, 2020 Songz Automobile Air Conditioning Co., Ltd. announced that they will report Q3, 2020 results on Oct 24, 2020 Announcement • Sep 09
Songz Automobile Air Conditioning Co., Ltd (SZSE:002454) cancelled the acquisition of an unknown stake in Tianjin Yaxing Radiator Co.,Ltd from Gebi Yingzhi (Shanghai) Venture Capital Partnership Enterprise (Limited Partnership). Songz Automobile Air Conditioning Co., Ltd (SZSE:002454) agreed to acquire an unknown stake in Tianjin Yaxing Radiator Co.,Ltd from Gebi Yingzhi (Shanghai) Venture Capital Partnership Enterprise (Limited Partnership) for CNY 15.3 million on August 28, 2019. Gebi Yingzhi (Shanghai) Venture Capital Partnership Enterprise (Limited Partnership) will not hold any stake in Tianjin Yaxing Radiator Co.,Ltd post completion. Tianjin Yaxing Radiator had total assets of CNY 845.6 million, net assets of CNY 303.2 million, revenues of CNY 477.6 million and net profit of CNY 23.1 million in year 2018. The transaction was approved by the board of Songz Automobile Air Conditioning Co., Ltd in 19th session of the company’s 4th directorate.
Songz Automobile Air Conditioning Co., Ltd (SZSE:002454) cancelled the acquisition of an unknown stake in Tianjin Yaxing Radiator Co.,Ltd from Gebi Yingzhi (Shanghai) Venture Capital Partnership Enterprise (Limited Partnership) on August 28, 2020. Announcement • Aug 11
Songz Automobile Air Conditioning Co., Ltd to Report First Half, 2020 Results on Aug 27, 2020 Songz Automobile Air Conditioning Co., Ltd announced that they will report first half, 2020 results on Aug 27, 2020