Group 1 - The core business of the company includes mobile game operations and the design, production, and sales of various playing cards, with digital marketing contributing the highest revenue share at 34.91% and playing cards at 33.07% [3] - Since its listing in 2011, the company has achieved a cumulative net profit growth of 643.01%, reaching 539 million yuan in the latest fiscal year 2024, with no annual losses recorded over the 14 years [3] - Revenue has shown volatility, with a peak of 2.562 billion yuan in 2020 and a decline of 24.04% in 2024, resulting in revenue of 3.271 billion yuan [3] Group 2 - The company's market value has increased by 2.29 times since its listing, peaking at 19.845 billion yuan on June 19, 2023, with a stock price of 48.2 yuan [5] - As of August 4, 2023, the stock price dropped to 26.53 yuan, leading to a market value of 11.08 billion yuan, representing a decrease of 8.766 billion yuan and a market value evaporation of 44.17% from its peak [5]

Core Insights - Lingxiao Pump Industry has experienced significant growth since its listing on July 11, 2017, with a market value increase from 3.248 billion to 5.716 billion yuan, despite fluctuations in revenue and profit in recent years [1][3] Business Overview - The main business of Lingxiao Pump Industry includes the research, design, production, and sales of civil centrifugal pumps, with core products being plastic bathroom pumps (46.64% of revenue) and stainless steel pumps (35.09% of revenue) [3] - The company achieved a net profit attributable to shareholders of 188 million yuan in 2017, growing to 442 million yuan by the end of the latest complete fiscal year in 2024, marking a cumulative profit growth of 134.87% [3] Financial Performance - Revenue showed a fluctuating trend, with 1.435 billion yuan in 2020 and 1.592 billion yuan in 2024, indicating a rise, fall, and subsequent recovery [3] - The net profit attributable to shareholders also experienced fluctuations, increasing from 359 million yuan in 2020 to 442 million yuan in 2024, reflecting an overall upward trajectory [3] Market Valuation - The peak market value of Lingxiao Pump Industry reached 10.099 billion yuan on December 23, 2021, with a stock price of 28.4 yuan, but as of July 10, the market value decreased to 5.716 billion yuan, representing a reduction of 4.383 billion yuan or 43.40% [5]