多概念炒作走出5连板 科森科技拿什么“拯救”巨亏业绩

Core Viewpoint - The stock of Kosen Technology (603626.SH) has surged due to speculation around consumer electronics concepts like "robots" and "AI glasses," despite the company clarifying that these segments contribute less than 1% to its revenue [2][3]. Group 1: Stock Performance - Kosen Technology's stock has experienced a strong rally, achieving a five-day consecutive increase, with the latest closing price reaching 13.87 yuan, marking a 60% rise since August 14, 2024 [2][4]. - The stock has seen significant net inflows from major funds, with a net inflow of 1.81 billion yuan on August 21, 2024, accounting for 15.83% of the trading volume [3]. Group 2: Financial Performance - The company is facing a substantial loss, with an expected net loss of between 90 million to 122 million yuan for the first half of 2024, and a non-recurring net profit loss estimated between 136 million to 168 million yuan [5]. - Kosen Technology's revenue has fluctuated significantly, with figures of 34.24 billion yuan in 2022, 25.97 billion yuan in 2023, and a recovery to 33.82 billion yuan in 2024, reflecting a growth of 30.26% year-on-year [6]. - Despite revenue recovery, the company has been trapped in a situation of increasing revenue but declining profits, with a gross margin of only 0.97% in 2024, down 9.1 percentage points year-on-year [6]. Group 3: Business Operations - Kosen Technology primarily engages in the research, development, manufacturing, and assembly of precision structural components, with the consumer electronics sector being a significant revenue source [3]. - The company has been diversifying into medical and new energy sectors, generating revenues of 358 million yuan and 274 million yuan respectively in 2024, but these segments contribute minimally to overall performance [7]. - High reliance on major clients like Apple and Huawei, which accounted for 47.57% of sales, poses risks to the company's performance due to potential fluctuations in orders from these clients [6][7].