SONAVOX(SH:688533) Sou Hu Cai Jing·2025-05-06 15:39Core Viewpoint - The company, Shengsheng Electronics, is facing challenges due to high initial manufacturing costs and is working to improve operational performance and market confidence while navigating uncertainties related to U.S. customer relations and tariffs [2][5]. Group 1: Company Overview - Shengsheng Electronics has commenced operations at its Hefei factory in 2025, which has led to depreciation expenses and higher initial manufacturing costs affecting performance [2]. - The company aims to enhance its operational performance and boost market confidence in its stock price [2]. - A portion of the company's revenue comes from U.S. clients, and it is currently negotiating solutions to address potential impacts from recent events [2]. Group 2: Impact of Policies - The company's operations at its Czech factory have not been affected by China's recent rare earth export restrictions [3]. - The U.S.-China tariff policies are expected to cause short-term disruptions in trade, but the company is actively discussing strategies with U.S. clients to mitigate potential impacts [5]. Group 3: Financial Performance - In Q1 2025, the company reported a main revenue of 636 million yuan, a year-on-year increase of 6.4%, while net profit attributable to shareholders was 27.33 million yuan, a decline of 53.27% [4]. - The company's gross profit margin stood at 20.62%, with a debt ratio of 49.05% [4]. - The company has implemented cost control measures that have improved operational efficiency and profitability [4]. Group 4: Market Ratings and Predictions - Over the past 90 days, four institutions have rated the stock as a buy, with an average target price of 38.76 yuan [6]. - Detailed earnings forecasts indicate projected net profits of 233 million yuan for 2025, increasing to 304 million yuan in 2026 and 359 million yuan in 2027 [8].