SACA(SZ:300464) Xin Lang Cai Jing·2025-08-25 07:57Core Viewpoint - The company, Guangdong Xinghui Precision Manufacturing Co., Ltd., is experiencing a decline in stock performance and revenue, while benefiting from its cross-border e-commerce business and the depreciation of the RMB [1][2][3]. Company Overview - Guangdong Xinghui Precision Manufacturing Co., Ltd. specializes in the research, production, and sales of precision metal connectors and smart home appliances, with a focus on products such as slides, hinges, and small household appliances [7]. - The company was established on November 11, 1994, and went public on June 10, 2015 [7]. - As of March 31, the company had 25,100 shareholders, a decrease of 13.57% from the previous period, with an average of 14,152 circulating shares per shareholder, an increase of 27.50% [7]. Financial Performance - For the first quarter of 2025, the company reported revenue of 335 million yuan, a year-on-year decrease of 8.65%, and a net profit attributable to shareholders of -2.84 million yuan, a year-on-year decrease of 161.13% [7]. - Cumulative cash dividends since the company's A-share listing amount to 71.16 million yuan, with no dividends distributed in the past three years [8]. Business Segments - The company's revenue composition includes: slides (55.24%), smart home appliances (15.69%), hinges (7.71%), power supplies (7.54%), computer and mobile peripherals (3.54%), furniture (3.07%), and other categories [7]. - The cross-border e-commerce segment includes small appliances such as aroma machines, coffee machines, air fryers, and milk frothers, primarily sold overseas [2][3]. Market Dynamics - The company's overseas revenue accounted for 67.99% of total revenue, benefiting from the depreciation of the RMB [3]. - The main brand for audio products is TaoTronics, with annual sales reaching tens of millions of USD [3]. Technical Analysis - The average trading cost of the stock is 5.68 yuan, with the current stock price fluctuating between resistance at 6.31 yuan and support at 5.69 yuan, indicating potential for range trading [6]. Capital Flow - The stock experienced a net outflow of 5.96 million yuan today, with a total net outflow of 23.90 million yuan over the past three days, indicating a lack of strong capital support [4][5].