实益达上市18周年：利润由盈转亏，市值较峰值蒸发65%

Core Insights - The company, Shiyida, has faced significant challenges since its IPO in June 2007, with its market value fluctuating from 4.289 billion yuan at the time of listing to 4.614 billion yuan currently, indicating a tumultuous growth journey [1] Business Overview - Shiyida specializes in PCBA control board assembly and produces a limited range of complete products such as DVDs, set-top boxes, and MP3 players. The main revenue sources are smart terminal products, accounting for 77.01%, and smart hardware manufacturing, which contributes 22.35% [3] Financial Performance - In 2007, the company reported a net profit attributable to shareholders of 62 million yuan, while the latest complete fiscal year for 2024 shows a net loss of 23 million yuan, resulting in a cumulative profit decline of 137.93% over 18 years [3] - The company has recorded losses in 4 out of the 18 years since its IPO, with profitable years accounting for 8 years, representing 44.44% of the total [3] - Revenue has decreased from 784 million yuan in 2020 to 595 million yuan in 2024, indicating a contraction in overall revenue scale [4] - The net profit attributable to shareholders has shifted from a profit of 28 million yuan in 2020 to a loss of 23 million yuan in 2024, reflecting a transition from marginal profitability to losses [5] Market Value Trends - The peak market value of Shiyida reached 13.261 billion yuan on December 31, 2015, with a stock price of 25.97 yuan. As of June 12, the stock price is 7.99 yuan, and the market value is 4.614 billion yuan, representing a decrease of 8.646 billion yuan and a market value evaporation of 65.20% [7]