Junhe(SH:603617) Sou Hu Cai Jing·2025-11-08 21:31Core Viewpoint - The company has shown significant growth in its e-commerce segment, leading to an increase in overall gross profit margin, and is optimistic about the liquid cooling industry while focusing on shareholder returns and cost control measures [2][3][4]. Group 1: Financial Performance - As of November 7, 2025, Junhe Co., Ltd. (603617) closed at 7.82 yuan, up 2.89% from the previous week [1]. - The company's total market capitalization is 3.053 billion yuan, ranking 183rd in the general equipment sector and 4543rd in the A-share market [1]. - The gross profit margin has improved compared to the same period last year, primarily due to the significant growth in the e-commerce business [2]. Group 2: Business Development - The company has achieved a sales revenue of 62.03 million yuan in the first half of 2025 from its cross-border e-commerce business, representing a year-on-year growth of approximately 400% [4][5]. - The main structure of the production base in Thailand has been completed, with production equipment expected to ramp up by the end of the year [3][5]. - The company is actively expanding its online presence on platforms like JD.com, Tmall, and Douyin, and has opened several flagship stores and warehouses across various regions [6]. Group 3: Strategic Focus - The company is focusing on high-margin products, enhancing research and development to improve pricing power, and exploring mergers and acquisitions to cultivate a second growth curve [2]. - The company is optimistic about the potential of the Thai market and is addressing macro risks through local compliance teams and foreign exchange hedging mechanisms [3]. - The company emphasizes continuous innovation in its core water pump business and is actively participating in industry exhibitions and technical forums to stay ahead of market trends [3].