CDLR Latest Report

Performance of the Quarterly Report

Cadeler's operating revenue reached RMB85,953,000 as of December 31, 2024, a significant increase from RMB17,434,000 in the same period of 2023. This growth indicates a remarkable improvement in the company's revenue, reflecting its competitiveness and business expansion in the market.

Key Data in the Financial Report

1. Cadeler's operating revenue grew by 392.90% year-on-year, demonstrating a strong business growth in 2024.

2. Increased market demand, especially in the offshore wind sector, may have been a major driving force behind Cadeler's revenue increase.

3. The launch of multiple new projects in 2024 directly contributed to the growth in operating revenue.

4. Cadeler's customer base significantly expanded, with 358 new core enterprise customers, a 59% year-on-year increase.

5. Improvements in the industry environment, such as global economic recovery and policy support, may have further promoted Cadeler's revenue growth.

Peer Comparison

1. Industry-wide analysis: The offshore wind industry as a whole performed well, with many companies showing revenue growth in 2024, reflecting the industry's recovery and rising market demand.

2. Peer evaluation analysis: Compared to other companies in the same industry, Cadeler's revenue growth was remarkable, demonstrating its competitive edge in the market.

Summary

Cadeler's performance in 2024 was outstanding, mainly due to the rise in market demand, the launch of new projects, and the expansion of its customer base. The overall improvement in the industry environment also provided the company with favorable development opportunities.

Opportunities

1. The growing market demand provides Cadeler with greater potential for operating revenue, especially in the offshore wind sector.

2. The signing of new projects will bring stable cash flow to Cadeler, enhancing its market competitiveness.

3. The expansion of the customer base and the improvement of customer loyalty will help enhance the company's long-term revenue growth potential.

4. Industry policy support may provide Cadeler with more business opportunities, promoting its further development.

Risks

1. Policy changes may affect the number of future offshore wind projects, thus negatively impacting Cadeler's revenue.

2. Fluctuations in market supply and demand may make Cadeler's service demand unstable, especially in a more competitive environment.

3. Intensified competition within the industry may challenge Cadeler's position in the market, affecting its profitability.