高德红外上市15周年：利润由盈转亏，市值较峰值蒸发46.70%

Core Insights - The company GaoDe HongRui has experienced significant growth since its IPO on July 16, 2010, with a market capitalization increase from 7.641 billion yuan to 43.263 billion yuan, reflecting a 4.66 times growth in market value [1][7] - Despite the growth in market capitalization, the company's financial performance has shown considerable volatility, with a notable decline in profitability in recent years [3][5] Business Overview - GaoDe HongRui specializes in the research, production, and sales of infrared thermal imaging products, with its core products including infrared comprehensive optoelectronic systems and traditional ammunition [3] - The revenue structure indicates that infrared comprehensive optoelectronic systems account for the highest proportion at 87.13%, followed by traditional and information-based ammunition at 10.68% [3] Financial Performance - In 2020, the company achieved a revenue of 3.334 billion yuan, which decreased to 2.678 billion yuan by 2024, indicating a downward trend in revenue [4] - The net profit attributable to shareholders dropped from 1.001 billion yuan in 2020 to a loss of 444 million yuan in 2024, showcasing a rapid decline in profitability [5] - Over the 15 years since its listing, the company has recorded a cumulative profit decline of 419.35%, with 8 out of 15 years showing profit growth, representing 53.33% of the years [3] Market Performance - The peak market capitalization of GaoDe HongRui reached 81.169 billion yuan on January 11, 2021, with the stock price rising to 50.99 yuan, but by July 15, 2024, the market capitalization had decreased by 37.906 billion yuan, a 46.70% drop from its peak [7]