恒锋工具上市9周年：归母净利润增长90%，市值较峰值蒸发四成

Core Insights - Hengfeng Tools has experienced significant growth since its listing on July 1, 2015, with its market capitalization increasing from 1.81 billion yuan to 5.648 billion yuan, reflecting a deep focus on precision manufacturing [1][6] - The company's revenue and profit have shown volatility in recent years, despite an overall upward trend in revenue [3][4] Business Overview - Hengfeng Tools specializes in modern efficient cutting tools, high-end production services, and intelligent manufacturing products, with precision complex cutting tools accounting for 61.42% of revenue and precision efficient cutting tools at 21.90% [3] - The company achieved a net profit attributable to shareholders of 0.68 billion yuan in its first year of listing and reached 1.29 billion yuan by the latest complete fiscal year in 2024, marking a cumulative profit growth of 90.04% [3] Financial Performance - Revenue increased from 387 million yuan in 2020 to 608 million yuan in 2024, indicating a general growth trend but with fluctuations in growth rates [3] - Net profit rose from 830 million yuan in 2020 to 1.29 billion yuan in 2024, exhibiting clear cyclical volatility [4] Market Capitalization - Since its listing, Hengfeng Tools' market capitalization has grown by 2.12 times, peaking at 9.604 billion yuan on February 26, 2025, with the stock price reaching 56.07 yuan [6] - As of June 30, the stock price was 32.62 yuan, resulting in a market capitalization of 5.648 billion yuan, reflecting a decrease of 3.957 billion yuan from its peak, equating to a 41.20% market value evaporation [6]