ETI(SZ:002005) Sou Hu Cai Jing·2025-06-25 02:36Core Viewpoint - ST Dehao has experienced significant fluctuations in its growth trajectory since its listing in 2004, with recent years showing continued operational pressure and declining performance [1][3]. Business Overview - ST Dehao's main business includes small home appliances and LED products, with kitchen appliances accounting for 55.23% of revenue and LED chips and applications for 37.52% [3]. - The company reported a net profit of 0.46 million in its first year of listing, but by the latest complete fiscal year of 2024, it recorded a net loss of 1.99 billion, representing a cumulative profit decline of 532.92% [3]. Financial Performance - Revenue has significantly decreased from 22.16 billion in 2020 to 7.37 billion in 2024, marking a decline of over 60% in five years [3]. - Although the net loss narrowed from 5.96 billion in 2020 to 1.99 billion in 2024, the company remains in a state of continuous loss [3]. Market Capitalization - Since its listing, ST Dehao's market capitalization has grown by 0.46 times, peaking at 256.24 billion on June 15, 2015, with a stock price of 18.35. As of June 24, the stock price was 2.18, and the market cap was 38.20 billion, indicating a decrease of 218.04 billion or 85.09% from its peak [5].