BTA Latest Report

Performance of the Quarterly Report

In analyzing the total operating revenue of Blackstone's long-term municipal stocks (BTA) on January 31, 2025, the Company's total operating revenue in this reporting period was RMB54,511,853 (approx. 5.5412 million), due to the lack of 2024's operating revenue data, it is impossible to calculate the year-on-year growth rate. Nevertheless, the change in total operating revenue remains an important indicator to assess the Company's operating status.

Key Data in the Financial Report

1. The total operating revenue on January 31, 2025 was RMB54,511,853 (approx. 5.5412 million), the lack of 2024's data makes it impossible to compare year-on-year.

2. Income sources include basic management fees, investment consulting and performance fees, as well as technology consulting income, showing diversified income structure.

3. The overall industry's operating revenue in 2023 saw a decline, with an average year-on-year decrease of about 5.49%.

4. The market environment in 2025 will be affected by China's policies and external factors, Blackstone has shown an active layout for market opportunities.

Peer Comparison

1. Industry-wide analysis: The overall industry's operating revenue generally declined in 2023, indicating weak market demand and increased competition.

2. Peer evaluation analysis: Although the total operating revenue of Blackstone's long-term municipal (BTA) in the industry cannot be directly compared, its diversified income sources and market opportunities will help it maintain a certain level of competitiveness under pressure.

Summary

The total operating revenue data of Blackstone's long-term municipal (BTA) on January 31, 2025 indicates the importance of its operating status, but the lack of 2024's data makes it impossible to conduct detailed year-on-year analysis. The downward trend of the overall industry's operating revenue contrasts with the Company's market performance, and its diversified income structure may provide it with relative resistance.

Opportunities

1. Blackstone's diversified income sources provide relatively stable income in market fluctuations, especially the continuous growth of basic management fees and investment consulting fees.

2. The Company's active layout for market opportunities, especially in home appliances, food and beverage, and technology sectors, may bring new growth points.

3. The improvement of macroeconomic policies foreshadows an increase in investment opportunities, providing a good environment for Blackstone's new product launch.

Risks

1. The decline in the overall industry's operating revenue may affect Blackstone's market share and profitability, especially in a competitive environment.

2. Uncertainty in the external economic environment, especially policy changes, may pose a challenge to the Company's operating revenue.

3. The lack of 2024's data makes it impossible to fully assess the Company's relative performance in the industry, which may lead to investor confidence.