Company Overview - 盈利时控股有限公司 is a global manufacturer of stainless steel watch bands, primarily engaged in original equipment manufacturing for stainless steel products [2] - The company manufactures stainless steel watch bands, fashion jewelry, and accessories for internationally renowned brands based in Europe, as well as stainless steel mobile phone casings and accessories [2] - The company emphasizes quality control, precise manufacturing technology, and a robust quality management system to maintain relationships with clients and meet their needs [2] Financial Performance - As of December 31, 2024, the company reported total revenue of 631 million yuan, a year-on-year decrease of 12.01% [1] - The net profit attributable to shareholders was -18.83 million yuan, representing a year-on-year decrease of 131.9% [1] - The gross profit margin stood at 16.06%, and the debt-to-asset ratio was 19.41% [1] Market Position and Valuation - The company's price-to-earnings (P/E) ratio is -7.32, ranking 87th in the industry, while the average P/E ratio for the textile and apparel industry is -12.84 [1] - The industry median P/E ratio is 3.63, with other competitors like FAST RETAIL-DRS at 0.37 and 浙江永安 at 1.34 [1] - The stock has seen a cumulative decline of 33.87% year-to-date, underperforming the Hang Seng Index by 20.75% [1]