SACA(SZ:300464) Xin Lang Cai Jing·2025-09-08 07:31Core Viewpoint - The company, Guangdong Xinghui Precision Manufacturing Co., Ltd., is experiencing growth in its cross-border e-commerce business, particularly in the small home appliance sector, benefiting from the depreciation of the RMB and the consumption electronics concept [2][4]. Company Overview - Guangdong Xinghui Precision Manufacturing Co., Ltd. specializes in the research, production, and sales of precision metal connectors and its own brand of smart home appliances, computer and mobile phone peripherals, power supplies, and furniture-related consumer electronics [3][7]. - The company was established on November 11, 1994, and went public on June 10, 2015 [7]. - As of June 30, the company had 27,100 shareholders, an increase of 8% from the previous period, with an average of 13,104 circulating shares per person, a decrease of 7.4% [7]. Financial Performance - In the first half of 2025, the company achieved operating revenue of 726 million yuan, a year-on-year decrease of 9.38%, and a net profit attributable to the parent company of -10.14 million yuan, a year-on-year decrease of 208.43% [7]. - The company’s smart home appliance products generated sales revenue of 240 million yuan, accounting for 37.14% of the e-commerce business revenue [3]. Market Position - The company’s main products include slides (55.24%), smart home appliances (15.69%), hinges (7.71%), power supplies (7.54%), and computer and mobile phone peripherals (3.54%) [7]. - The company’s overseas revenue accounted for 67.99%, benefiting from the depreciation of the RMB [3]. Stock Performance - On September 8, the company's stock rose by 2.33%, with a trading volume of 66.4 million yuan and a turnover rate of 3.29%, bringing the total market value to 2.619 billion yuan [1].