ZZTCO., LTD.(SH:603767) Jin Rong Jie·2025-06-13 01:59Core Viewpoint - Zhongma Transmission has experienced significant growth in market capitalization since its listing, but its profitability has notably declined in recent years [1][3]. Group 1: Company Overview - Zhongma Transmission specializes in the research, production, and sales of automotive transmissions and vehicle gears, with automotive transmissions accounting for the largest revenue share at 56.34% [3]. - The company was listed on June 13, 2017, with an initial closing price of 16.11 yuan and a market capitalization of 3.437 billion yuan, which has now grown to 5 billion yuan [1]. Group 2: Financial Performance - The net profit attributable to shareholders decreased from 0.78 billion yuan in 2017 to 0.33 billion yuan in the latest fiscal year of 2024, representing a cumulative profit decline of 57.38% [3][4]. - Revenue has also shown a downward trend, with 10.52 billion yuan in revenue in 2020 dropping to 9.08 billion yuan in 2024, indicating significant fluctuations over the years [3]. - The net profit attributable to shareholders fell from 0.55 billion yuan in 2020 to 0.33 billion yuan in 2024, reflecting a weakening in profitability [4]. Group 3: Market Capitalization Trends - Since its listing, Zhongma Transmission's market capitalization has increased by 45%, peaking at 7.225 billion yuan on September 5, 2023, with a corresponding stock price of 23.5 yuan [6]. - As of June 12, 2025, the stock price is projected to be 16.2 yuan, with a market capitalization of 5 billion yuan, indicating a decrease of 2.225 billion yuan and a market value evaporation of 30.80% from its peak [6].