Company Overview - Double Hwa Holdings Limited, formerly known as Shanghai Double Hwa Automotive Parts Co., Ltd., began operations in 1997 and underwent restructuring in 2010 to become its current form [2] - The company operates through several entities, including Shanghai Double Hwa Automotive Parts Co., Ltd., Shanghai Double Hwa Supply Chain Management Co., Ltd., Shanghai Long Hwa Food Co., Ltd., and Anhui Double Hwa Intelligent Technology Co., Ltd. [2] - The main production bases are located in Fengxian District, Shanghai, covering approximately 267 acres with a building area of about 85,000 square meters, and in Tunxi District, Huangshan City, Anhui, covering about 63 acres with a building area of approximately 22,000 square meters [2] Business Transition - Before 2021, the company was an independent supplier of HVAC components for the automotive industry, focusing on the design, production, and sales of various HVAC parts [2] - Since 2021, the company has gradually transitioned its business model to focus on supply chain management and food supply services, providing a comprehensive range of services including direct procurement, warehousing, sorting, packaging, transportation, and customized product services [2] - The company aims to leverage its team's over ten years of experience in the food and agricultural products sector to offer high-quality services and products to customers nationwide [2] Financial Performance - As of December 31, 2024, Double Hwa Holdings reported total revenue of 82.78 million yuan, a year-on-year decrease of 17.79% [1] - The net profit attributable to the parent company was -16.89 million yuan, representing a year-on-year decrease of 39.56% [1] - The gross profit margin stood at 2.79%, and the debt-to-asset ratio was 6.33% [1] Market Position and Valuation - The average price-to-earnings (P/E) ratio for the automotive industry (TTM) is 17.04 times, with a median of 9.42 times [1] - Double Hwa Holdings has a P/E ratio of -4.49 times, ranking 41st in the industry [1] - Other companies in the automotive interior sector have P/E ratios ranging from 1.07 times to 6.86 times [1]