Jiaze Renewables(SH:601619) Sou Hu Cai Jing·2025-07-21 05:48Core Insights - The company, Jiazhe New Energy, has experienced significant growth since its listing on July 20, 2017, with its market capitalization increasing from 3.499 billion yuan to 9.178 billion yuan, reflecting the broader development of the renewable energy sector [1][3] - Despite the overall growth, the company's operational performance has shown volatility in recent years, with fluctuating profit margins and revenue growth rates [3] Business Overview - Jiazhe New Energy's main business includes the development, investment, construction, operation, and management of renewable energy power [3] - The core products are primarily divided into renewable power station development, construction, operation, and sale, which account for 94.18% of revenue, followed by rooftop distributed photovoltaic systems at 2.72% [3] Financial Performance - In 2017, the company achieved a net profit attributable to shareholders of 165 million yuan, which increased to 630 million yuan by the latest complete fiscal year of 2024, marking a cumulative profit growth of 281.98% [3] - Over the past eight years, the company has not reported any losses, with profit growth occurring in five out of eight years, representing 62.5% of the time [3] - Revenue grew from 1.012 billion yuan in 2020 to 2.422 billion yuan in 2024, indicating a doubling in revenue over five years, although the growth rate has been slowing down [3] - The net profit attributable to shareholders increased from 198 million yuan in 2020 to 630 million yuan in 2024, showing growth despite recent slowdowns [3] Market Capitalization Trends - The peak market capitalization of Jiazhe New Energy reached 26.637 billion yuan on August 29, 2017, with the stock price rising to 13.78 yuan [5] - As of July 18, the stock price was 3.77 yuan, and the market capitalization stood at 9.178 billion yuan, representing a decrease of 17.459 billion yuan or 65.55% from its peak [5]