Leedarson IoT(SH:605365) Xin Lang Cai Jing·2025-09-30 07:51Core Viewpoint - The company, Lida Xin, is experiencing fluctuations in stock performance and is heavily reliant on overseas revenue, particularly benefiting from the depreciation of the RMB [3][4]. Company Overview - Lida Xin IoT Technology Co., Ltd. is located in Xiamen, Fujian Province, and specializes in the R&D, manufacturing, sales, and services of LED lighting products, smart home, and smart building solutions [2][7]. - The company was established on April 7, 2015, and went public on July 20, 2021 [7]. - The main revenue composition includes: 64.10% from lighting products and accessories, 25.14% from IoT products and accessories, 8.04% from home appliances and accessories, and 1.56% from other products [7]. Financial Performance - For the first half of 2025, Lida Xin achieved a revenue of 3.039 billion yuan, representing a year-on-year growth of 2.01%, while the net profit attributable to shareholders decreased by 53.64% to 69.15 million yuan [7]. - The company has distributed a total of 585 million yuan in dividends since its A-share listing, with 523 million yuan in the last three years [8]. Market Position and Trends - As of June 30, 2025, the company had 12,600 shareholders, a decrease of 10.90% from the previous period, with an average of 39,908 circulating shares per person, an increase of 12.23% [7]. - The company’s overseas revenue accounted for 89.22% of total revenue, benefiting from the depreciation of the RMB [3]. Investment and Stock Analysis - On September 30, Lida Xin's stock fell by 1.62%, with a trading volume of 35.434 million yuan and a market capitalization of 7.6 billion yuan [1]. - The average trading cost of the stock is 15.19 yuan, with a current support level at 14.94 yuan [6].