BLBD Latest Report

Financial Performance

Blue Bird (stock code: BLBD) reported a total operating revenue of RMB313,872,000 in 2024. Although specific data on total operating revenue in 2023 is missing, we can conduct a deep analysis from multiple dimensions such as market demand, sales strategy, industry environment, and macroeconomic factors to assess its financial performance and future development potential.

Key Financial Data

1. Blue Bird's total operating revenue in 2024 was RMB313,872,000, compared to US$1.347 billion in 2023, the growth situation remains to be confirmed.

2. According to the 2024Q2 report, Blue Bird's revenue grew 15% YoY to US$346 million.

3. 210 electric school buses were delivered in 2024, setting a new record, indicating strong market demand.

4. The backlog of orders reached 500 units, up 56% YoY, indicating a market situation of supply shortage.

5. The first-quarter operating revenue was US$318 million, continuing to grow, with a net profit of US$26.15 million, indicating stable profitability.

6. As of June 29, 2024, the operating revenue was US$997 million, with a net profit of US$80.88 million, showing a continuous growth trend.

Peer Comparison

1. Industry-wide analysis: According to the 2024 report, the entire school bus industry has shown positive changes due to policy support and increased market demand. Blue Bird's revenue growth may benefit from the overall positive trend of the industry.

2. Peer evaluation analysis: Blue Bird's revenue grew quarter by quarter in 2024, showing its leading position in the industry, especially in the electric school bus market, outperforming most of its competitors.

Summary

Overall, Blue Bird's total operating revenue in 2024 shows a continuous growth trend, with strong market demand and effective sales strategies enabling the company to maintain its leading position in a competitive market. Although direct YoY data is missing, from the overall performance of the industry and its peers, Blue Bird's market position remains solid.

Opportunities

1. With the rapid development of the electric school bus market, Blue Bird is expected to continue to expand its market share.

2. Policy support will bring more business opportunities for the company, helping to increase revenue.

3. The increase in backlog orders indicates strong market demand for its products, and future delivery capacity will directly affect revenue.

Risks

1. Intensified industry competition may put pressure on the company's market share.

2. Economic fluctuations and changes in consumer confidence may affect overall market demand, which in turn affects operating revenue.

3. If the company fails to effectively manage production and delivery capacity, it may lead to a slowdown in revenue growth.