Wujin Stainless(SH:603878) Sou Hu Cai Jing·2025-07-05 19:35Core Viewpoint - The company Jiangsu Wujin Stainless Steel Co., Ltd. has shown fluctuations in stock price and financial performance, with a notable decline in revenue from the petrochemical sector, while maintaining a stable credit rating of AA for its bonds [2][6]. Group 1: Stock Performance - As of July 4, 2025, the stock price of Wujin Stainless Steel closed at 5.52 yuan, up 1.85% from the previous week [1] - The stock reached a high of 5.98 yuan on July 2, 2025, and a low of 5.37 yuan on July 1, 2025 [1] - The company's total market capitalization is 3.097 billion yuan, ranking 23rd in the flat steel sector and 4200th in the A-share market [1] Group 2: Financial Performance - In 2024, the company achieved a revenue of 2.652 billion yuan and a net profit of 126 million yuan, with a net cash flow from operating activities of 583 million yuan [2] - The company reported a 56.82% year-on-year increase in export revenue due to certifications from major foreign companies, but overall revenue decreased by 24.57% due to weakened demand in the petrochemical sector [2] - In Q1 2025, the revenue continued to decline by 33.90% year-on-year, with no signs of recovery in the petrochemical industry [6] Group 3: Credit Rating and Debt - The company maintains a stable credit rating of AA for its main entity and its convertible bonds, with a low leverage level and manageable debt pressure [2][6] - The company issued 310 million yuan of convertible bonds in July 2023, with a maturity of six years and a gradually increasing coupon rate [3][4] - As of June 30, 2025, only 57,000 yuan of the convertible bonds had been converted into A-shares, indicating a low conversion rate [3]