Announcement • Apr 13
Zhejiang Songyuan Automotive Safety Systems Co.,Ltd., Annual General Meeting, May 11, 2026 Zhejiang Songyuan Automotive Safety Systems Co.,Ltd., Annual General Meeting, May 11, 2026, at 14:00 China Standard Time. Location: No. 1, Yunheyan Road, Moushan Town, Yuyao, Zhejiang China Reported Earnings • Apr 11
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: CN¥0.80 (up from CN¥0.59 in FY 2024). Revenue: CN¥2.68b (up 36% from FY 2024). Net income: CN¥366.4m (up 41% from FY 2024). Profit margin: 14% (in line with FY 2024). Revenue missed analyst estimates by 1.6%. Earnings per share (EPS) also missed analyst estimates by 6.8%. Revenue is forecast to grow 27% 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 34% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Announcement • Mar 31
Zhejiang Songyuan Automotive Safety Systems Co.,Ltd. to Report Q1, 2026 Results on Apr 24, 2026 Zhejiang Songyuan Automotive Safety Systems Co.,Ltd. announced that they will report Q1, 2026 results on Apr 24, 2026 Announcement • Dec 31
Zhejiang Songyuan Automotive Safety Systems Co.,Ltd. to Report Fiscal Year 2025 Results on Apr 11, 2026 Zhejiang Songyuan Automotive Safety Systems Co.,Ltd. announced that they will report fiscal year 2025 results on Apr 11, 2026 Announcement • Nov 29
Zhejiang Songyuan Automotive Safety Systems Co.,Ltd. Elects Bao Dunfeng as Independent Director Zhejiang Songyuan Automotive Safety Systems Co.,Ltd. announced at second Extraordinary General Meeting of 2025 held on 27 November 2025, the shareholders elected Bao Dunfeng as independent director of the company. Reported Earnings • Oct 29
Third quarter 2025 earnings released: EPS: CN¥1.56 (vs CN¥0.15 in 3Q 2024) Third quarter 2025 results: EPS: CN¥1.56 (up from CN¥0.15 in 3Q 2024). Revenue: CN¥686.1m (up 35% from 3Q 2024). Net income: CN¥101.7m (up 51% from 3Q 2024). Profit margin: 15% (up from 13% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 28% 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 35% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 23
Investor sentiment deteriorates as stock falls 31% After last week's 31% share price decline to CN¥25.20, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 24x in the Auto Components industry in China. Total returns to shareholders of 13% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥17.44 per share. Announcement • Sep 30
Zhejiang Songyuan Automotive Safety Systems Co.,Ltd. to Report Q3, 2025 Results on Oct 25, 2025 Zhejiang Songyuan Automotive Safety Systems Co.,Ltd. announced that they will report Q3, 2025 results on Oct 25, 2025 New Risk • Sep 30
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Chinese stocks, typically moving 9.1% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (9.1% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (9.1% average weekly change). High level of non-cash earnings (33% accrual ratio). Valuation Update With 7 Day Price Move • Sep 26
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥33.40, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 26x in the Auto Components industry in China. Total returns to shareholders of 60% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥18.27 per share. Reported Earnings • Aug 22
Second quarter 2025 earnings released: EPS: CN¥0.28 (vs CN¥0.20 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.28 (up from CN¥0.20 in 2Q 2024). Revenue: CN¥612.1m (up 41% from 2Q 2024). Net income: CN¥87.9m (up 41% from 2Q 2024). Profit margin: 14% (in line with 2Q 2024). Revenue is forecast to grow 25% 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 37% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Price Target Changed • Aug 21
Price target increased by 30% to CN¥34.71 Up from CN¥26.79, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of CN¥33.95. Stock is up 90% over the past year. The company is forecast to post earnings per share of CN¥1.23 for next year compared to CN¥0.82 last year. Valuation Update With 7 Day Price Move • Aug 20
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to CN¥31.98, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 23x in the Auto Components industry in China. Total returns to shareholders of 51% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥17.23 per share. Announcement • Jul 02
Zhejiang Songyuan Automotive Safety Systems Co.,Ltd. to Report First Half, 2025 Results on Aug 20, 2025 Zhejiang Songyuan Automotive Safety Systems Co.,Ltd. announced that they will report first half, 2025 results on Aug 20, 2025 Major Estimate Revision • Apr 29
Consensus revenue estimates increase by 15% The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from CN¥2.40b to CN¥2.76b. EPS estimate unchanged from CN¥1.72 at last update. Auto Components industry in China expected to see average net income growth of 40% next year. Consensus price target up from CN¥37.50 to CN¥40.00. Share price was steady at CN¥33.10 over the past week. Announcement • Apr 25
Zhejiang Songyuan Automotive Safety Systems Co.,Ltd. Proposes Final Cash Dividend for the Year 2024 Zhejiang Songyuan Automotive Safety Systems Co.,Ltd. announced on 23 April 2025 the profit distribution proposal for the year 2024 as final cash dividend/10 shares (tax included) of CNY 2.00000000. Reported Earnings • Apr 24
Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2024 results: EPS: CN¥1.15 (up from CN¥0.88 in FY 2023). Revenue: CN¥1.97b (up 54% from FY 2023). Net income: CN¥260.4m (up 32% from FY 2023). Profit margin: 13% (down from 15% in FY 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 9.0%. Earnings per share (EPS) missed analyst estimates by 12%. Revenue is forecast to grow 22% p.a. on average during the next 3 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 38% per year whereas the company’s share price has increased by 36% per year. Announcement • Apr 23
Zhejiang Songyuan Automotive Safety Systems Co.,Ltd., Annual General Meeting, May 14, 2025 Zhejiang Songyuan Automotive Safety Systems Co.,Ltd., Annual General Meeting, May 14, 2025, at 14:00 China Standard Time. Location: The Company's Meeting Room, Yuyao, Zhejiang China Buy Or Sell Opportunity • Apr 07
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 3.0% to CN¥28.65. The fair value is estimated to be CN¥37.28, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 30% over the last 3 years. Earnings per share has grown by 37%. For the next 3 years, revenue is forecast to grow by 24% per annum. Earnings are also forecast to grow by 26% per annum over the same time period. Announcement • Mar 31
Zhejiang Songyuan Automotive Safety Systems Co.,Ltd. to Report Q1, 2025 Results on Apr 29, 2025 Zhejiang Songyuan Automotive Safety Systems Co.,Ltd. announced that they will report Q1, 2025 results on Apr 29, 2025 Buy Or Sell Opportunity • Jan 10
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 1.2% to CN¥29.45. The fair value is estimated to be CN¥37.32, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 30% over the last 3 years. Earnings per share has grown by 37%. Revenue is forecast to grow by 59% in 2 years. Earnings are forecast to grow by 78% in the next 2 years. Announcement • Dec 31
Zhejiang Songyuan Automotive Safety Systems Co.,Ltd. to Report Fiscal Year 2024 Results on Apr 23, 2025 Zhejiang Songyuan Automotive Safety Systems Co.,Ltd. announced that they will report fiscal year 2024 results on Apr 23, 2025 Buy Or Sell Opportunity • Dec 23
Now 21% undervalued Over the last 90 days, the stock has risen 9.5% to CN¥29.38. The fair value is estimated to be CN¥37.01, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 30% over the last 3 years. Earnings per share has grown by 37%. Revenue is forecast to grow by 59% in 2 years. Earnings are forecast to grow by 78% in the next 2 years. Valuation Update With 7 Day Price Move • Oct 15
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥29.43, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 16x in the Auto Components industry in China. Total returns to shareholders of 87% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥38.72 per share. Buy Or Sell Opportunity • Oct 11
Now 24% undervalued after recent price drop Over the last 90 days, the stock has fallen 2.3% to CN¥29.80. The fair value is estimated to be CN¥39.01, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last 3 years. Earnings per share has grown by 32%. Revenue is forecast to grow by 64% in 2 years. Earnings are forecast to grow by 71% in the next 2 years. Announcement • Sep 30
Zhejiang Songyuan Automotive Safety Systems Co.,Ltd. to Report Q3, 2024 Results on Oct 29, 2024 Zhejiang Songyuan Automotive Safety Systems Co.,Ltd. announced that they will report Q3, 2024 results on Oct 29, 2024 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¥31.99, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 15x in the Auto Components industry in China. Total returns to shareholders of 139% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥38.00 per share. Buy Or Sell Opportunity • Aug 02
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 12% to CN¥26.80. The fair value is estimated to be CN¥34.24, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Earnings per share has grown by 25%. Revenue is forecast to grow by 75% in 2 years. Earnings are forecast to grow by 81% in the next 2 years. Announcement • Jun 29
Zhejiang Songyuan Automotive Safety Systems Co.,Ltd. to Report First Half, 2024 Results on Aug 30, 2024 Zhejiang Songyuan Automotive Safety Systems Co.,Ltd. announced that they will report first half, 2024 results on Aug 30, 2024 Buy Or Sell Opportunity • Jun 13
Now 22% overvalued Over the last 90 days, the stock has fallen 2.1% to CN¥30.37. The fair value is estimated to be CN¥24.92, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Earnings per share has grown by 25%. Revenue is forecast to grow by 73% in 2 years. Earnings are forecast to grow by 71% in the next 2 years. Buy Or Sell Opportunity • May 28
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 4.6% to CN¥29.35. The fair value is estimated to be CN¥23.91, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Earnings per share has grown by 25%. Revenue is forecast to grow by 73% in 2 years. Earnings are forecast to grow by 68% in the next 2 years. Reported Earnings • Apr 26
First quarter 2024 earnings released: EPS: CN¥0.27 (vs CN¥0.14 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.27 (up from CN¥0.14 in 1Q 2023). Revenue: CN¥368.5m (up 63% from 1Q 2023). Net income: CN¥61.0m (up 88% from 1Q 2023). Profit margin: 17% (up from 14% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 25% p.a. on average during the next 3 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 25% per year whereas the company’s share price has increased by 28% per year. Announcement • Apr 16
Zhejiang Songyuan Automotive Safety Systems Co.,Ltd., Annual General Meeting, May 06, 2024 Zhejiang Songyuan Automotive Safety Systems Co.,Ltd., Annual General Meeting, May 06, 2024, at 14:00 China Standard Time. Location: The Company's Meeting Room, Yuyao, Zhejiang China Announcement • Mar 30
Zhejiang Songyuan Automotive Safety Systems Co.,Ltd. to Report Q1, 2024 Results on Apr 26, 2024 Zhejiang Songyuan Automotive Safety Systems Co.,Ltd. announced that they will report Q1, 2024 results on Apr 26, 2024 Reported Earnings • Mar 22
Full year 2023 earnings released: EPS: CN¥0.88 (vs CN¥0.52 in FY 2022) Full year 2023 results: EPS: CN¥0.88 (up from CN¥0.52 in FY 2022). Revenue: CN¥1.28b (up 29% from FY 2022). Net income: CN¥197.8m (up 68% from FY 2022). Profit margin: 15% (up from 12% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 29% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Auto Components industry in China. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Feb 12
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥27.25, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 17x in the Auto Components industry in China. Total returns to shareholders of 83% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥21.57 per share. New Risk • Feb 08
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 7.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (22% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (7.5% average weekly change). Buy Or Sell Opportunity • Feb 08
Now 28% overvalued Over the last 90 days, the stock has fallen 8.2% to CN¥27.25. The fair value is estimated to be CN¥21.34, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Earnings per share has grown by 7.2%. Revenue is forecast to grow by 98% in 2 years. Earnings are forecast to grow by 110% in the next 2 years. Announcement • Dec 30
Zhejiang Songyuan Automotive Safety Systems Co.,Ltd. to Report Fiscal Year 2023 Results on Apr 23, 2024 Zhejiang Songyuan Automotive Safety Systems Co.,Ltd. announced that they will report fiscal year 2023 results on Apr 23, 2024 Reported Earnings • Oct 24
Third quarter 2023 earnings released: EPS: CN¥0.24 (vs CN¥0.16 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.24 (up from CN¥0.16 in 3Q 2022). Revenue: CN¥344.5m (up 24% from 3Q 2022). Net income: CN¥54.1m (up 53% from 3Q 2022). Profit margin: 16% (up from 13% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 38% p.a. on average during the next 2 years, compared to a 22% growth forecast for the Auto Components industry in China. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 3% per year. Reported Earnings • Aug 29
Second quarter 2023 earnings released: EPS: CN¥0.14 (vs CN¥0.09 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.14 (up from CN¥0.09 in 2Q 2022). Revenue: CN¥244.5m (up 21% from 2Q 2022). Net income: CN¥30.6m (up 48% from 2Q 2022). Profit margin: 13% (up from 10% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 36% p.a. on average during the next 2 years, compared to a 21% growth forecast for the Auto Components industry in China. Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥25.52, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 22x in the Auto Components industry in China. Total returns to shareholders of 19% over the past year. Announcement • Jun 08
Zhejiang Songyuan Automotive Safety Systems Co.,Ltd. Announces to Implement Final Cash Distribution Plan for 2022, Payable on 14 June 2023 Zhejiang Songyuan Automotive Safety Systems Co.,Ltd. announced 2022 final distribution plans for (A shares). The company announced cash dividend of CNY 1.00000000 per 10 shares. Record date: 13 June 2023. Ex-date: 14 June 2023. Payment date: 14 June 2023. Reported Earnings • Apr 18
Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2022 results: EPS: CN¥0.52 (up from CN¥0.49 in FY 2021). Revenue: CN¥991.9m (up 33% from FY 2021). Net income: CN¥118.0m (up 6.1% from FY 2021). Profit margin: 12% (down from 15% in FY 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) missed analyst estimates by 3.7%. Revenue is forecast to grow 34% p.a. on average during the next 2 years, compared to a 22% growth forecast for the Auto Components industry in China. Announcement • Dec 17
Zhejiang Songyuan Automotive Safety Systems Co.,Ltd. Announces Board Appointments Zhejiang Songyuan Automotive Safety Systems Co.,Ltd. held its 6th Extraordinary General Meeting of 2022 on 14 December 2022 approved the appointment of Hu Chanming, Shen Yanyan, Hu Kaina, Li Kelei as non-independent directors. Tu Bisheng, Chen Wanyun, Cheng Feng as independent directors. Jing Zhandong and Wang Miaofu as non-employee supervisors. Valuation Update With 7 Day Price Move • Nov 04
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥35.96, the stock trades at a forward P/E ratio of 36x. Average forward P/E is 25x in the Auto Components industry in China. Total returns to shareholders of 108% over the past year. Reported Earnings • Oct 27
Third quarter 2022 earnings released: EPS: CN¥0.16 (vs CN¥0.10 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.16 (up from CN¥0.10 in 3Q 2021). Revenue: CN¥277.5m (up 72% from 3Q 2021). Net income: CN¥35.3m (up 57% from 3Q 2021). Profit margin: 13% (down from 14% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 46% p.a. on average during the next 2 years, compared to a 24% growth forecast for the Auto Components industry in China. Reported Earnings • Aug 31
Second quarter 2022 earnings released: EPS: CN¥0.09 (vs CN¥0.12 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.09 (down from CN¥0.12 in 2Q 2021). Revenue: CN¥202.9m (up 17% from 2Q 2021). Net income: CN¥20.6m (down 24% from 2Q 2021). Profit margin: 10% (down from 16% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 48%, compared to a 38% growth forecast for the Auto Components industry in China. Valuation Update With 7 Day Price Move • Aug 09
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥30.60, the stock trades at a trailing P/E ratio of 63.4x. Average trailing P/E is 51x in the Auto Components industry in China. Total returns to shareholders of 110% over the past year. Valuation Update With 7 Day Price Move • Jul 19
Investor sentiment improved over the past week After last week's 21% share price gain to CN¥22.85, the stock trades at a trailing P/E ratio of 47.3x. Average trailing P/E is 47x in the Auto Components industry in China. Total returns to shareholders of 59% over the past year. Valuation Update With 7 Day Price Move • Jun 16
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥21.58, the stock trades at a trailing P/E ratio of 44.7x. Average trailing P/E is 43x in the Auto Components industry in China. Total returns to shareholders of 48% over the past year. Announcement • May 26
Zhejiang Songyuan Automotive Safety Systems Co.,Ltd. Announces Final Cash Dividend for 2021, Payable on 31 May 2022 Zhejiang Songyuan Automotive Safety Systems Co.,Ltd. announced final cash dividend (tax included) for 2021 of CNY 2.00000000 per 10 shares. The dividend will be payable on 31 May 2022 with record date of 30 May 2022 and Ex-date of 31 May 2022. Valuation Update With 7 Day Price Move • May 24
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥26.73, the stock trades at a trailing P/E ratio of 36.9x. Average trailing P/E is 39x in the Auto Components industry in China. Total returns to shareholders of 15% over the past year. Announcement • May 19
Zhejiang Songyuan Automotive Safety Systems Co.,Ltd. Approves Cash Dividend for 2021 Zhejiang Songyuan Automotive Safety Systems Co.,Ltd. at its AGM held on May 17, 2022, approved cash dividend of CNY 2.00000000 per 10 shares (tax included) for 2021. Announcement • Apr 28
Zhejiang Songyuan Automotive Safety Systems Co.,Ltd. Proposes Final Cash Dividend for the Year 2021 Zhejiang Songyuan Automotive Safety Systems Co.,Ltd. proposed final cash dividend of CNY 2.00000000 per 10 shares (tax included) for the year 2021. Reported Earnings • Apr 27
Full year 2021 earnings released: EPS: CN¥0.74 (vs CN¥0.74 in FY 2020) Full year 2021 results: EPS: CN¥0.74 (up from CN¥0.74 in FY 2020). Revenue: CN¥745.1m (up 39% from FY 2020). Net income: CN¥111.3m (up 24% from FY 2020). Profit margin: 15% (down from 17% in FY 2020). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Nov 22
Investor sentiment improved over the past week After last week's 22% share price gain to CN¥37.90, the stock trades at a trailing P/E ratio of 54.8x. Average trailing P/E is 42x in the Auto Components industry in China. Total returns to shareholders of 12% over the past year. Valuation Update With 7 Day Price Move • Nov 08
Investor sentiment improved over the past week After last week's 19% share price gain to CN¥29.58, the stock trades at a trailing P/E ratio of 42.8x. Average trailing P/E is 38x in the Auto Components industry in China. Total loss to shareholders of 15% over the past year. Reported Earnings • Oct 28
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¥161.7m (up 12% from 3Q 2020). Net income: CN¥22.5m (down 12% from 3Q 2020). Profit margin: 14% (down from 18% in 3Q 2020). The decrease in margin was driven by higher expenses. Reported Earnings • Aug 26
Second quarter 2021 earnings released: EPS CN¥0.44 (vs CN¥0.23 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: CN¥173.2m (up 19% from 2Q 2020). Net income: CN¥27.2m (up 6.8% from 2Q 2020). Profit margin: 16% (down from 18% in 2Q 2020). The decrease in margin was driven by higher expenses. Announcement • May 25
Zhejiang Songyuan Automotive Safety Systems Co.,Ltd. Announces Cash Dividend for the Year 2020, Payable on 31 May 2021 Zhejiang Songyuan Automotive Safety Systems Co.,Ltd. announced cash dividend per ten shares (tax included) of CNY 5.00000000 for the year 2020. Record date is 28 May 2021. Ex-date is 31 May 2021. Payment date is 31 May 2021. Reported Earnings • Apr 17
Full year 2020 earnings released: EPS CN¥1.11 (vs CN¥1.07 in FY 2019) The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: CN¥535.9m (up 15% from FY 2019). Net income: CN¥90.0m (up 12% from FY 2019). Profit margin: 17% (in line with FY 2019). Announcement • Mar 09
Zhejiang Songyuan Automotive Safety Systems Co.,Ltd. to Report Fiscal Year 2020 Results on Apr 16, 2021 Zhejiang Songyuan Automotive Safety Systems Co.,Ltd. announced that they will report fiscal year 2020 results on Apr 16, 2021 Is New 90 Day High Low • Jan 25
New 90-day low: CN¥32.13 The company is down 43% from its price of CN¥56.10 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 18% share price decline to CN¥33.90, the stock is trading at a trailing P/E ratio of 29.4x, down from the previous P/E ratio of 35.9x. This compares to an average P/E of 35x in the Auto Components industry in China. Is New 90 Day High Low • Jan 07
New 90-day low: CN¥36.76 The company is down 1.0% from its price of CN¥37.20 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. Reported Earnings • Oct 28
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥87.0m, up 14% from the prior year. Total revenue was CN¥494.8m over the last 12 months, up 9.0% from the prior year. Valuation Update With 7 Day Price Move • Oct 27
Market pulls back on stock over the past week After last week's 17% share price decline to CN¥56.10, the stock is trading at a trailing P/E ratio of 52.4x, down from the previous P/E ratio of 62.8x. This compares to an average P/E of 39x in the Auto Components industry in China. Valuation Update With 7 Day Price Move • Oct 12
Market bids up stock over the past week After last week's 15% share price gain to CN¥39.17, the stock is trading at a trailing P/E ratio of 36.6x, up from the previous P/E ratio of 31.8x. This compares to an average P/E of 41x in the Auto Components industry in China.