万马股份上市16周年：利润增长292%，市值较峰值蒸发66%

Core Viewpoint - Wanma Co., Ltd. has experienced significant growth since its listing in 2009, with a market capitalization increase from 5.186 billion to 14.2 billion, although its profitability has shown fluctuations in recent years [1][3]. Business Overview - The main business segments of Wanma Co., Ltd. include electric wires and cables, new materials, and new energy, with electric power products accounting for the largest revenue share at 66.14%, followed by high polymer materials at 29.20% [3]. - Since its listing, the company has achieved a cumulative profit growth of 292.44%, with a net profit of 0.87 million in 2009 and 3.41 million in the latest fiscal year of 2024 [3]. Financial Performance - Wanma Co., Ltd. has maintained profitability, with 12 out of 16 years showing net profit growth, representing 75% of the years since its listing [3]. - The company’s revenue has grown significantly, from 9.322 billion in 2020 to 17.761 billion in 2024, reflecting a compound annual growth rate of 17.46% over the past five years [3]. - Despite a decline in net profit from 2.23 million in 2020 to 3.41 million in 2024, the overall profitability remains stable [3]. Market Capitalization - Since its listing, Wanma Co., Ltd. has seen its market capitalization grow by 1.74 times, peaking at 42.565 billion in June 2015, with a stock price of 45.3 yuan [5]. - As of July 9, the stock price was 14.0 yuan, resulting in a market capitalization of 14.2 billion, which is a decrease of 28.365 billion or 66.64% from its peak [5].