AUUD Latest Report

Financial Performance

Based on the provided financial data, Auddia (stock code: AUUD) recorded an operating revenue of -2260279 million yuan at the end of 2024, compared to -2015110 million yuan at the end of 2023, indicating a year-on-year decrease of approximately 12.18%. This decline reflects the company's continued losses in operating revenue, with the losses widening.

Key Financial Data

1. The operating revenue in 2024 was -2260279 million yuan, a year-on-year decrease of approximately 12.18%.

2. R&D expenses in 2024 were 462429 million yuan, significantly increased, affecting short-term sales revenue.

3. Marketing, sales, and general management expenses in 2024 were 1748216 million yuan, slightly decreased but still higher than the previous 1800845 million yuan.

Industry Comparison

1. Overall industry analysis: In the current economic environment, many technology and innovative companies face pressure on operating revenue, especially when R&D investment increases, leading to a lack of growth in overall industry operating revenue, resulting in Auddia's poor performance in the industry.

2. Peer evaluation analysis: Compared with companies in the same industry, Auddia's operating revenue decreased significantly year-on-year, showing its lack of competitiveness in the market. Especially, E-vehicle Technology achieved an operating revenue of Rmb10.591 billion in 2024, up 3.66%; while Auddia's operating revenue continued to decline, further highlighting its operating challenges.

Summary

Auddia's operating revenue continued to decline in 2024, mainly due to changes in the macroeconomic environment, competition pressure, strategic adjustments, and increased R&D expenses. The company's operating strategy and market environment have both negatively impacted its revenue, leading to weaker profitability.

Opportunities

1. With increased R&D investment, Auddia may launch more competitive new products in the future, thus enhancing its market share.

2. If the macroeconomic environment improves, the company's operating revenue may gradually recover.

3. The company can improve its profitability by optimizing its cost structure and enhancing management efficiency.

Risks

1. The uncertainty of the macroeconomic environment may continue to affect the company's operating revenue, leading to continued losses.

2. Competitors' strong market performance may pose a further risk of market share loss for Auddia.

3. The significant increase in R&D investment may increase financial pressure in the short term, affecting the company's cash flow and profitability.