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  2. •

    Producer manufacturing

  3. •

    Trucks/Construction/Farm machinery
Songz Automobile Air Conditioning Co., Ltd. Class A

Songz Automobile Air Conditioning Co., Ltd. Class A

SSZSE:002454
4.75
CNY
-0.39
(-7.59%)
4.20BMarket Cap
Apr 23Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
2.31
2.96
3.5
3.82
4.72
4.19
3.86
3.82
4.71
4.77
5.45
5.76
6.34
- -
Basic EPS, GAAP
0.28
0.32
0.36
0.28
0.41
0.2
0.2
0.28
0.13
0.11
0.11
0.16
0.28
- -
Free Cash Flow per Basic Share
0.09
0.02
-0.05
0.01
0.06
0.32
0.12
0.45
0.41
-0.03
0.21
0.48
0.49
- -
Dividend per Share
0.04
- -
0.17
0.04
0.03
0.08
0.02
0.03
0.04
0.11
0.06
0.04
0.17
0.24
Book Value per Share
2.51
2.72
2.83
3.14
3.52
3.74
3.89
4.13
4.19
4.26
4.36
4.45
4.55
4.56
Tangible Book Value per Share
2.19
2.4
2.52
2.77
2.97
3.25
3.43
3.73
3.8
3.79
3.9
4.01
4.15
4.15
Basic Weighted Avg Shares
853
853
857
848
884
880
882
886
876
886
874
868
888
885
Sales/Revenue/Turnover
1,968
2,527
3,001
3,235
4,172
3,688
3,406
3,384
4,124
4,225
4,758
4,999
5,628
- -
Operating Margin (%)
13.4
13.98
12.63
7.55
10.8
4.83
7.44
6.88
3.68
3.11
2.4
3.21
5.75
- -
Depreciation Expense
33
43
51
55
68
91
105
104
117
119
125
131
131
- -
Net Income, GAAP
240
276
310
234
366
176
176
247
113
95
100
136
247
- -
Effective Tax Rate (%)
13.38
15.87
14.88
14.04
14.01
17.31
10.81
12.67
10.8
1.1
7.55
9.41
11.54
- -
Profit Margin (%)
12.17
10.93
10.34
7.24
8.77
4.77
5.18
7.3
2.73
2.25
2.1
2.73
4.4
- -
Working Capital
1,680
1,633
1,611
1,641
1,735
1,890
1,849
2,184
2,123
2,154
2,301
2,419
2,396
2,369
LT Debt
- -
- -
- -
- -
- -
- -
- -
23
22
26
26
18
18
17
Total Equity
2,279
2,455
2,678
2,923
3,369
3,582
3,724
4,078
4,104
4,189
4,345
4,428
4,542
4,559
Return on Invested Capital (%)
11.36
12.47
12.86
8.53
11.96
1.62
4.76
5.33
3.68
3.11
3.01
3.84
7.11
- -
Return on Capital (%)
10.34
10.54
10.71
7.58
10.91
4.52
4.51
6.01
2.13
1.67
1.86
2.58
4.66
- -
Return on Common Equity (%)
11.89
12.42
12.85
8.84
12.4
5.49
5.25
6.99
3.07
2.55
2.63
3.52
6.25
- -

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
2
2
2
LT Borrowings
- -
- -
- -
LT Finance Leases
18
17
17
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
880
880
879
Market Capitalization
5,475
5,808
4,202

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
6,450
6,176
5,901
Cash, Cash Equivalents & STI
2,653
2,416
2,264
Accounts Receivable, Net
1,584
1,428
1,594
Inventories
1,006
855
812
Total Current Liabilities
4,054
3,685
3,532
Payables & Accruals
- -
- -
- -
ST Debt
2
2
2
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
5.51%
2.19%
2.57%
Free Cash Flow
64.95%
-144%
5.08%
Net Income, GAAP
7.32%
10.62%
81.32%
Sales/Revenue/Turnover
7.14%
10.91%
12.58%
Total Cash Common Dividend
43.73%
88.75%
298.99%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,073
1,167
1,351
1,408
4,999
2025
1,213
1,280
- -
1,758
5,628
2026
1,195
1,351
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.07
0.04
0.06
-0.01
0.16
2025
0.11
0.06
- -
0.04
0.28
2026
0.08
0.06
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
0.05
- -
- -
0.04
2025
- -
0.07
- -
0.09
0.17
2026
0.01
0.14
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
An Kang Ji
Full Time Employees
3,406
Sector
Producer manufacturing
Industry
Trucks/Construction/Farm machinery
Address
No. 4999, Huaning Road Shanghai SH China 201108
IPO Date
Jul 20, 2010
Website
shsongz.com.cn
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Business
Songz Automobile Air Conditioning Co., Ltd. (002454.SZ) is a China-based company principally engaged in the research, development, manufacture and sales of automotive air conditioning systems and thermal management solutions; its core products include roof-mounted bus air conditioners such as the LMD, ESD/EMB, ESA, SZG, SZQ and SZR series for city buses, tourist buses, electric buses and articulated buses with cooling capacities ranging from 20kW to 40kW, CO2 electric bus air conditioners featuring low-temperature heating and zero-emission design, skirt-mounted and roof-mounted battery thermal management systems (BTMS) such as JLE-XB and JLE-XC series for active and passive cooling of automotive batteries, passenger car air conditioning systems, rail vehicle air conditioners, transport refrigeration units, and key components including compressors, condenser fans, evaporator fans and accessories, complemented by repair, maintenance and technical support services. The company operates primarily in the automotive thermal management industry, targeting large and medium-sized passenger vehicles, electric buses, commercial trucks, light-duty buses, railway vehicles and transport refrigeration applications for bus manufacturers, fleet operators and OEMs across domestic and export markets in more than 30 countries including Brazil, Malaysia and Indonesia. Founded in 1998 and headquartered in Shanghai, China, Songz maintains 17 manufacturing bases centered in Shanghai with additional facilities in Anhui, Chongqing, Wuhan, Liuzhou, Chengdu, Beijing, Xiamen, Suzhou and overseas in Indonesia and Finland, employing over 3,000 staff including more than 350 engineers; it listed on the Shenzhen Stock Exchange in 2010 and holds subsidiaries such as Xiamen Songz, Wuhan Songz, Jianghuai Songz, Chongqing Songz, Beijing Songz, Chengdu Songz, Liuzhou Songz and Nanjing Bolang. Recent developments include the acquisition of an additional 20% stake in Wuhan Songz Automotive Air Conditioning Co., Ltd. from Wuhan Aipu Automotive Air Conditioning Co., Ltd. for CNY 16 million in September 2024, an agreement to acquire 50% stake in Xiamen Jinlong Automobile Air Conditioner Co., Ltd. from Ever Benefit Trading Limited for CNY 95.2 million in August 2025, and completion of a CNY 20 million share buyback program in June 2024 involving 2.35 million shares, alongside ongoing expansions in electric vehicle thermal management and energy storage solutions showcased at events like the 2025 EESA Energy Storage Exhibition.