BXSL Latest Report

Key Financial Data

1. Blackstone Secured (stock code: BXSL) recorded a total operating revenue of RMB352,659,000 as of December 31, 2024, up approximately 15.9% from RMB304,254,000 in 2023, indicating an improvement in the company's sales performance and operating ability in the market.

2. The increase in market demand, product or service expansion, improved marketing strategies, and a better macroeconomic environment were all important factors driving revenue growth in 2024.

3. The company achieved record-high production and sales volumes of 927,000 tons and 914,000 tons, respectively, in the third quarter of 2024, demonstrating significant progress in market expansion and capacity release.

Peer Comparison

1. Industry-wide analysis: In 2024, the overall operating revenue of the entire industry grew generally, reflecting market recovery and increased consumer confidence. The improvement in the overall economic environment provided favorable external conditions for BXSL's business growth.

2. Peer evaluation analysis: Compared with other companies in the industry, BXSL's operating revenue growth rate is in the middle to upper level, indicating that the company maintains a good market position and growth potential in competition.

Summary

Through the financial data analysis of BXSL in 2024, it can be seen that the company performed well in terms of operating revenue, mainly due to the improvement in market demand, product innovation, and optimized marketing strategies. However, the volatility of the macroeconomic environment will have a certain impact on future growth.

Opportunities

1. With the booming tire production and increasing penetration rate of new energy vehicles, the demand for white carbon black will continue to grow, providing BXSL with opportunities to further expand its market share.

2. The company's new products and services will attract more high-value customers, contributing to sustained revenue growth.

3. In terms of market expansion, the addition of sales terminals and improved channel coverage will enhance the company's competitiveness and market penetration ability.

Risks

1. A slowdown in global economic growth may affect the company's market demand and investment decisions, putting pressure on business development.

2. Insufficient effective demand and overcapacity in some industries may affect the company's performance, especially in a weak social expectation scenario.

3. Risks from local government debt and the real estate market may have a significant impact on the company's business development, especially the failure to effectively resolve risks from small and medium-sized financial institutions.