龙溪股份上市23周年：归母净利润增长363.75%，市值较峰值蒸发26%

Core Insights - Longxi Co., Ltd. specializes in the production and operation of various types of bearings and automotive components, with bearing products accounting for 50.87% of revenue and other products, including steel trading, making up 44.40% [2] Financial Performance - The company achieved a net profit attributable to shareholders of 0.27 billion yuan in its first year of listing in 2002, which grew to 1.25 billion yuan by 2024, marking a cumulative growth of 363.75% over 23 years [2] - Longxi Co. has recorded net profit growth in 16 out of the 23 years since its listing, representing a success rate of 69.57% [2] - Revenue increased from 1.16 billion yuan in 2020 to 1.77 billion yuan in 2024, although a decline of 6.68% was noted in 2024 compared to the previous year [2] - The net profit fluctuated significantly, with a peak of 1.50 billion yuan in 2020, a drop to 1.25 billion yuan in 2024, and a notable increase of 99.28% in 2021 followed by a loss in 2022 [2] Market Capitalization - Since its listing, Longxi Co.'s market capitalization has increased by 3.46 times, reaching a peak of 12.03 billion yuan on May 16, 2025, with the stock price rising to 30.11 yuan [4] - As of August 4, the stock price was 22.28 yuan, and the market capitalization stood at 8.90 billion yuan, reflecting a decrease of 3.12 billion yuan from its peak, equating to a 26.00% reduction in market value [4]