BENEFO(SH:600468) Chang Jiang Shang Bao·2025-06-10 09:17Group 1 - The stock price of Baili Electric (600468.SH) has surged significantly, reaching a closing price of 9.63 yuan per share on June 10, up from 4.58 yuan per share on May 16, representing a cumulative increase of 110% within less than a month [1] - Baili Electric's market capitalization has exceeded 10 billion yuan, marking a new high in nearly a decade [1] - The company has acknowledged the "controllable nuclear fusion" concept as a hot topic, although its subsidiary, Rongxin Xingye, only contributes a small portion of revenue related to this field, accounting for less than 1% of total revenue in 2024 [1] Group 2 - Baili Electric reported a significant decline in its operating performance, with a projected revenue of 1.962 billion yuan and a net loss of 109 million yuan for 2024, a shift from profit to loss compared to the previous year [2] - The decline in performance is attributed to reduced demand from the domestic metallurgy and steel industry, as well as a decrease in overseas orders, leading to a substantial impairment of goodwill amounting to 217 million yuan [2] - In the first quarter of 2025, Baili Electric's revenue was 495 million yuan, a year-on-year decrease of 2.14%, and the net profit attributable to shareholders was 31.98 million yuan, down 8.05% year-on-year [2]