HFCC(SZ:002806) Sou Hu Cai Jing·2025-07-26 15:54Core Insights - The main business of the company includes research, production, sales, and technical services of electric control and drive systems for new energy vehicles, as well as the development and production of electrode foils [2] - The revenue structure shows that the electric control and drive systems for new energy vehicles account for the highest proportion at 52.26%, followed closely by electrode foils at 47.73% [2] - The company achieved a net profit attributable to shareholders of 0.85 billion yuan in the latest complete fiscal year 2024, representing a cumulative growth of 225.46% since its listing in 2016 [2] - The company has experienced three years of losses since its listing, with five years of profit, indicating a profit rate of 55.56% [2] Revenue Analysis - In 2020, the company reported a revenue of 4.40 billion yuan, which increased to 10.31 billion yuan by 2024 [3] - The revenue growth rate reached 43.3% in 2024, despite fluctuations in the intervening years [3] Profit Analysis - The company recorded a net profit attributable to shareholders of -3.05 billion yuan in 2020, recovering to 0.85 billion yuan in 2024 [4] - This indicates significant volatility in profitability, transitioning from deep losses to profitability over the years [4] Market Capitalization - Since its listing, the company's market capitalization has increased by 2.50 times [6] - The peak market capitalization reached 67.65 billion yuan on May 22, 2018, with a corresponding stock price of 49.34 yuan [6] - As of July 25, the stock price was 12.17 yuan, with a market capitalization of 25.00 billion yuan, reflecting a decrease of 42.65 billion yuan from its peak, equating to a 63.05% market value evaporation [6]