Core Insights - The company, Shengli Co., has experienced significant growth since its listing in July 1996, with its market capitalization increasing from 617 million yuan to 3.019 billion yuan, reflecting not only scale expansion but also optimization of its business structure [1][3] - Despite the growth in market capitalization, the company's revenue and profit have shown volatility in recent years, indicating challenges in maintaining consistent financial performance [3] Business Overview - Shengli Co.'s main business includes the natural gas industry, with core products divided into natural gas and value-added services (77.75% of revenue) and equipment manufacturing (22.25% of revenue) [3] - The company reported a cumulative profit growth of 364.99% from a net profit of 25 million yuan in its first year to 117 million yuan in the latest complete fiscal year of 2024, with 17 years of profit growth out of 29 years [3] Financial Performance - Revenue has declined from 4.596 billion yuan in 2020 to 4.226 billion yuan in 2024, indicating a negative compound annual growth rate over the past five years [3] - Net profit has also decreased from 142 million yuan in 2020 to 117 million yuan in 2024, highlighting a need for improved profit stability [3] Market Capitalization Trends - Since its listing, Shengli Co.'s market capitalization has increased by 3.89 times, peaking at 11 billion yuan in March 2017, with a stock price of 12.5 yuan [5] - As of July 2, the stock price was 3.43 yuan, with a market capitalization of 3.019 billion yuan, representing a decrease of 79.82 million yuan from its peak, equating to a 72.56% market value evaporation [5]