SG(SH:600734) Sou Hu Cai Jing·2025-08-08 02:41Core Insights - The main business of the company includes mobile smart terminal business, mobile smart terminal battery power supply business, and IoT perimeter security business [2] - The core products are primarily divided into big data business and IoT perimeter security systems, with big data business accounting for 94.97% of revenue and IoT perimeter security systems at 4.01% [2] - Since its listing in 1996, the company has experienced a cumulative decline of 93.84% in net profit attributable to shareholders, with 11 years of losses and 13 years of profit growth [2] Revenue Analysis - In 2020, the company achieved revenue of 1.151 billion yuan, which decreased to 309 million yuan by 2024, indicating a significant contraction in revenue scale [3] - The company turned from a net loss of 591 million yuan in 2020 to a net profit of 6 million yuan in 2024, although the profitability remains at a low level [3] Market Performance - Since its listing, the company's market value has increased by 4.06 times, peaking at 14.943 billion yuan on May 23, 2022, with a stock price of 6.86 yuan [5] - As of August 7, the stock price was 3.94 yuan, and the market value was 8.583 billion yuan, representing a decrease of 6.361 billion yuan and a market value evaporation of 42.57% from its peak [5]