震有科技上市5周年：利润波动较大，市值较上市首日下跌36%

Core Insights - The company, Zhenyou Technology, has experienced a tumultuous growth journey since its listing on July 22, 2020, with its market capitalization fluctuating from 8.13 billion yuan at the time of listing to 5.178 billion yuan currently, indicating significant volatility in its performance [1][5] Business Overview - Zhenyou Technology specializes in the research, design, and sales of communication system equipment, with its core products divided into smart networks and emergency systems (40.72% of revenue) and optical networks and access systems (29.75% of revenue) [3] Financial Performance - In terms of revenue, Zhenyou Technology achieved 500 million yuan in 2020, which increased to 952 million yuan by 2024, reflecting nearly a 100% growth in revenue [3] - However, the company's net profit attributable to shareholders decreased from 43 million yuan in 2020 to 27 million yuan in 2024, representing a decline of 36.36%, indicating profitability challenges despite revenue growth [3] - Over the past five years, the company has reported losses in three of those years, with only two years showing profit growth, highlighting the volatility in its profitability [3] Market Capitalization Trends - The peak market capitalization of Zhenyou Technology reached 11.907 billion yuan on July 24, 2020, with the stock price climbing to 61.5 yuan. As of July 21, the stock price was 26.89 yuan, leading to a market cap of 5.178 billion yuan, which is a decrease of 6.729 billion yuan or 56.51% from its peak [5]