MustangBattery(SH:605378) Xin Lang Cai Jing·2025-09-04 08:00Core Viewpoint - The company, Zhejiang Yema Battery Co., Ltd., is experiencing significant market activity, with a recent stock drop and ongoing developments in product innovation and production capabilities [1][2]. Company Overview - Zhejiang Yema Battery Co., Ltd. is located at 818 Rongji Road, Luotuo Street, Zhenhai District, Ningbo, Zhejiang Province, and was established on November 6, 1996. The company was listed on April 12, 2021, and specializes in the research, production, and sales of high-performance, environmentally friendly zinc-manganese batteries [7]. - The company's main business revenue composition includes: alkaline batteries (86.16%), carbon batteries (8.51%), and others (5.20%) [7]. Financial Performance - For the first half of 2025, the company achieved operating revenue of 585 million yuan, representing a year-on-year growth of 11.21%. However, the net profit attributable to shareholders decreased by 55.13% to 30.63 million yuan [7]. - The company has distributed a total of 373 million yuan in dividends since its A-share listing, with 260 million yuan distributed over the past three years [8]. Market Activity - On September 4, the company's stock hit the daily limit down, with a trading volume of 566 million yuan and a turnover rate of 8.22%, resulting in a total market capitalization of 6.68 billion yuan [1]. - The stock's average trading cost is 25.65 yuan, and it is currently near a support level of 25.50 yuan, indicating potential for a rebound if this level holds [6]. Product Development - The company is accelerating the research and development of new products, with the production line for button-type lithium batteries having completed testing and commenced production. Future plans include acquiring equipment to enhance production capabilities and update existing products [2][3]. International Revenue - As of the 2024 annual report, the company's overseas revenue accounted for 88.30% of total revenue, benefiting from the depreciation of the Chinese yuan [3].