KPA(SH:688681) Sou Hu Cai Jing·2025-06-16 01:15Core Insights - The company, Kehui Co., Ltd., has experienced significant fluctuations in its market value and profitability since its listing on June 16, 2021, with its market cap decreasing from 25.76 billion yuan to 14.08 billion yuan over four years [1][5]. Business Overview - Kehui Co., Ltd. specializes in the research, production, and sales of products related to smart grid fault monitoring and automation, as well as switched reluctance motor drive systems [3]. - The revenue structure indicates that smart grid fault monitoring and automation contributes the highest at 52.34%, followed by switched reluctance motor drive systems at 30.58% [3]. Financial Performance - In 2021, the company achieved a net profit attributable to shareholders of 0.55 billion yuan, which declined to 0.30 billion yuan by the latest complete fiscal year in 2024, marking a cumulative profit decrease of 44.16% [3]. - Revenue increased from 3.69 billion yuan in 2021 to 4.20 billion yuan in 2024, indicating overall growth despite volatility [3]. - The company's profitability has shown significant fluctuations, with one year of losses and two years of profit growth, reflecting challenges in maintaining consistent earnings [3]. Market Value Trends - The peak market value of Kehui Co., Ltd. reached 31.65 billion yuan, with the stock price climbing to 30.24 yuan. As of June 13, the stock price was 13.45 yuan, resulting in a market cap of 14.08 billion yuan, representing a decrease of 17.57 billion yuan or 55.52% from its peak [5].