Core Insights - The company, United Precision, has faced fluctuations since its listing on June 30, 2022, with its market value decreasing from 29.92 billion yuan at the time of listing to 27.15 billion yuan currently, indicating a challenging market environment [1][5] - Despite these challenges, the company's operational performance has remained relatively stable over the years, with a consistent profit record [3] Business Overview - United Precision specializes in the research, production, and sales of precision mechanical components, with its core products categorized into precision parts (75.87% of revenue) and castings (20.79% of revenue) [3] - In 2022, the company achieved a net profit attributable to shareholders of 0.73 billion yuan, which slightly decreased to 0.71 billion yuan by 2024, reflecting a cumulative profit decline of 2.11% over three years [3] Financial Performance - Revenue growth has been positive, with the company reporting 6.60 billion yuan in revenue for 2022 and increasing to 7.51 billion yuan in 2024, marking a revenue growth rate of 13.82% [3] - Profitability has shown resilience, with a 15.52% positive growth in net profit for 2024 after experiencing declines in the previous two years [3] Market Valuation - The peak market value of United Precision reached 48.02 billion yuan on July 7, 2022, with the stock price at 44.49 yuan, but as of June 27, the market value has decreased by 20.87 billion yuan, representing a 43.47% drop from its peak [5]
联合精密上市3周年：利润微降2.11%，市值较上市首日缩水