BSET Latest Report

Financial Performance

BSET's total operating revenue for November 30, 2024 was RMB84,340,000, with gross profit of RMB47,695,000 and net profit of RMB3,204,000. Although the specific YoY growth rate was not directly provided, from related data, it can be known that the company's cumulative revenue in the first three quarters of 2024 was USD246 million, down 16.87% YoY. This indicates that the company is facing a significant decline in market demand.

Key Financial Data

1. BSET's total operating revenue was RMB84,340,000, indicating relatively low profitability.

2. Gross profit was RMB47,695,000, suggesting that the company may have some issues in cost control.

3. Net profit was RMB3,204,000, showing a low profit level that may affect the company's investment and development capabilities.

4. In the first three quarters of 2024, the operating revenue decreased by 16.87% YoY, indicating a significant decline in market demand.

5. The overall sales pressure in the industry is significant, and BSET's performance is closely related to industry trends.

Peer Comparison

1. Industry-wide analysis: Changes in the overall market consumption trend, economic environment, and consumer preferences in the furniture industry have led to a slowdown in overall operating revenue growth. Many industry participants, including BSET, are facing sales pressure.

2. Peer evaluation analysis: BSET's operating revenue decrease was greater than the industry average, indicating its relatively weaker market competitiveness. Compared with other companies, such as OPPEIN Home Furnishing, whose operating revenue in the first half of 2024 decreased by 12.81% YoY, BSET's decline was more significant, which may indicate that its market share is being eroded.

Summary

The comprehensive analysis shows that BSET's total operating revenue has significantly decreased in 2024, reflecting a noticeable decline in market demand. The company may face challenges in controlling costs and improving gross profit, further affecting the net profit level. The overall trend of consumer downgrading in the furniture industry also puts pressure on BSET.

Opportunities

1. The company can increase revenue by improving its pricing strategy, especially in the context of increased demand for high-quality and cost-effective products.

2. Strengthening marketing and promotion strategies to attract more customers and increase sales revenue.

3. Developing new products to meet market trends, focusing on personalized and customized furniture.

4. Enhancing product quality and services to increase customer loyalty and further expand market share.

Risks

1. A continued decline in market demand may lead to further revenue reductions, affecting the company's financial health.

2. Increased competition within the industry may lead to price wars, compressing gross profit margins.

3. Rapid changes in consumer preferences require the company to continuously adjust its product lines, increasing operational uncertainty.

4. Uncertainty in the economic environment may affect consumer purchasing power, further suppressing sales growth.