Company Overview - Shanda Electric, established in 2001, is a state-owned enterprise affiliated with Shandong University and a national high-tech enterprise [3] - The company operates in two main business segments: smart grid monitoring and renewable energy, with smart grid monitoring accounting for approximately 88% of revenue from 2022 to 2024 [3] - Major clients include State Grid and Southern Power Grid, with significant sales reliance on these large customers [3] Financial Performance - Revenue for Shanda Electric is projected to grow from 478 million yuan in 2022 to 658 million yuan in 2024, with year-on-year growth rates of 9.76%, 14.8%, and 19.85% respectively [5] - Net profit is expected to increase from 76.99 million yuan in 2022 to 127 million yuan in 2024, with growth rates of 1.06%, 33.53%, and 23.18% [5] - In Q1 2025, the company reported revenue of 111 million yuan and net profit of 17.32 million yuan, reflecting year-on-year growth of 12.02% and 15.91% respectively [5] Stock Market Performance - On July 23, 2023, Shanda Electric's stock debuted at 14.66 yuan per share, reaching a peak of 88.44 yuan, but closed at 66.85 yuan, indicating a significant volatility [8][11] - The stock price fell by 9.07% on July 24, closing at 60.79 yuan, with a turnover rate of 55.61% and a trading volume of 1.18 billion yuan [9][12] - The stock's high price-to-earnings ratio suggests a potential overvaluation compared to its earnings growth [11] Market Sentiment - The drastic price drop post-IPO may be attributed to excessive initial price inflation and a shift in investor sentiment towards a more rational assessment of the company's fundamentals [11] - Retail investors who bought at peak prices are facing significant losses, highlighting the risks associated with speculative trading in newly listed stocks [14]