SMS(SZ:002857) Sou Hu Cai Jing·2025-08-14 09:07Core Viewpoint - The financial performance of Sanhui Electric (002857) shows mixed results, with a slight increase in revenue but a significant decrease in net profit, indicating potential challenges ahead for the company [1]. Financial Performance - As of the first quarter of 2025, Sanhui Electric reported total revenue of 54.36 million yuan, a year-on-year increase of 1.02% [1]. - The net profit attributable to shareholders was 14.44 million yuan, a decrease of 18.69% year-on-year, while the non-recurring net profit was 15.49 million yuan, down 239.90% year-on-year [1]. - The company's liquidity ratios are as follows: current ratio at 1.644, quick ratio at 1.487, and debt-to-asset ratio at 52.15% [1]. Stock Performance - As of August 14, 2025, Sanhui Electric's stock closed at 24.38 yuan, with a slight increase of 0.45% [1]. - The trading volume was 75,000 hands, with a total transaction amount of 183 million yuan [1]. - The net inflow of main funds was 14.68 million yuan, accounting for 8.02% of the transaction amount [1]. Company Overview - Zhengzhou Sanhui Electric Co., Ltd. was established in 1996 and is primarily engaged in the manufacturing of electrical machinery and equipment [2]. - The company has a registered capital of 129.17 million yuan and a paid-in capital of 27.94 million yuan [1]. - The legal representative of the company is Hu Kun [1]. Investment and Intellectual Property - Sanhui Electric has made investments in 6 companies and participated in 494 bidding projects [2]. - The company holds 5 trademark registrations and 158 patents, along with 36 administrative licenses [2].