SACA(SZ:300464) Xin Lang Cai Jing·2025-09-11 07:18Core Viewpoint - The company, Guangdong Xinghui Precision Manufacturing Co., Ltd., is experiencing a decline in revenue and profit, with a focus on cross-border e-commerce and smart home appliances benefiting from the depreciation of the RMB [2][3][7]. Company Overview - Guangdong Xinghui Precision Manufacturing Co., Ltd. specializes in the research, production, and sales of precision metal connectors, as well as smart home appliances and other consumer electronics [3][7]. - The company's main products include slides (71.62% of revenue), smart home appliances (16.77%), power supplies (8.01%), and others (3.60%) [7]. - As of June 30, the company had 27,100 shareholders, an increase of 8.00% from the previous period [7]. Financial Performance - For the first half of 2025, the company reported revenue of 726 million yuan, a year-on-year decrease of 9.38%, and a net profit attributable to shareholders of -10.14 million yuan, a decline of 208.43% [7]. - The company's smart home appliances generated sales revenue of 240 million yuan, accounting for 37.14% of its e-commerce business revenue in the 2022 semi-annual report [3]. Market Activity - On September 11, the company's stock price fell by 0.18%, with a trading volume of 64.15 million yuan and a turnover rate of 3.22%, resulting in a total market capitalization of 2.605 billion yuan [1]. - The company has seen a net outflow of 4.97 million yuan from major funds today, with a continuous reduction in major fund holdings over the past three days [4][5]. Product and Market Segmentation - The company's cross-border e-commerce segment includes small household appliances such as aroma machines, coffee machines, air fryers, and milk frothers, primarily sold overseas [2][3]. - The company’s audio products, under the brand TaoTronics, have annual sales reaching tens of millions of USD, utilizing TWS technology in its Bluetooth earphones [3]. Dividend Information - Since its A-share listing, the company has distributed a total of 71.16 million yuan in dividends, with no dividends paid in the last three years [8].