Brief Introduction

Suzhou Sonavox Electronics Co., Ltd. is committed to improving driving experience by using acoustic technology. It is a leading supplier of automotive acoustic product solutions in China and has been integrated into the synchronous development system of many famous automobile manufacturers at home and abroad. The company has the research and development capabilities of acoustic products, system solutions and related algorithms. The products mainly cover car speaker system, car power amplifier and AVAS, and can provide customers with comprehensive product solutions. The company has realized the localization of the car speaker in the early stage, and has strong international market competitiveness through continuous independent innovation.

The company's core competitive advantages are technical advantages and global delivery advantages. The technical advantages are reflected in three aspects: continuous independent research and development ability, outstanding synchronous development ability and excellent vehicle tuning ability. The global delivery advantage is based on the global service architecture, supported by stable precision manufacturing capability and strict quality control capability. The company's leading technical advantages and increasingly perfect global delivery capability ensure the sustainability of the company in the development of new customers and the maintenance of the original customer relationship. The company continues to accumulate high-quality customer resources, and its industry status continues to improve.

Company Overview

Full name Suzhou Sonavox Electronics Co.,Ltd.
Abbreviations Sonavox
Code 688533
Founded 1992-06-27
Listing 2021-04-19
Domicile Suzhou
STAR Theme Others
CSRC Sector Manufacturing
Has weighted voting rights structure? NA



  2020 2019 2018
Earnings Per Share 0.63 0.65 0.93
R&D expenditure as a % of operating revenue 5.64% 5.02% 4.02%
Operating Revenue 1,088.04 1,194.65 1,238.49
Net Income 75.70 78.18 111.36

Income Statement (Unit: RMB mn)

  2020 2019 2018
Operating Revenue 1,088.04 1,194.65 1,238.49
Operating Costs 775.92 855.48 879.45
Operating Income 86.85 93.98 136.33
Pretax Income 86.75 90.95 134.03
Income Tax 11.04 12.77 22.67
Net Income 75.70 78.18 111.36

Balance Sheet(Unit: RMB mn)

  2020 2019 2018
Current Assets-Total 969.03 949.72 854.56
Non-current Assets-Total 387.07 387.99 325.06
Total Assets 1,356.10 1,337.70 1,179.62
Current Liabilities-Total 639.56 648.31 574.99
Non-current Liabilities-Total 1.90 1.77 1.81
Total Liabilities 641.46 650.07 576.80
Stockholder's Equity
Share Capital 600.22 600.22 600.22
Retained Profits 101.39 76.15 -7.27
Total Owners' Equity 714.64 687.63 602.83

Cash Flow Statement (Unit: RMB mn)

  2020 2019 2018
Net Cash Flows-Operating 99.15 145.80 46.42
Net Cash Flows-Investing -51.45 -99.11 -32.06
Net Cash Flows-Financing -45.28 45.94 -14.53

Top 10 Shareholders

Name No. of Shares Held (mn) % of Shares Held
Suzhou Sonavox Electronic Investment Management Co., Ltd 42.00 35.00%
Gongqingcheng TongtaiInvestment Management Partnership (Limited Partnership) 30.00 25.00%
Suzhou Xiangcheng District Yuanhe Street Collective Asset Management Company 28.99 24.16%
Suzhou Xiangcheng District Radio Components Factory 19.01 15.84%
Total 120.00 100.00%
As of 2021-04-16

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