CENN Latest Report

Financial Performance

Cenntro's operating revenue totaled RMB285,356,200 as of December 31, 2024, a significant improvement compared to its operating loss of RMB-304,523,600 in 2023. This transformation indicates Cenntro's successful reversal of its previous loss, possibly due to the launch of new products, improved market conditions, and effective cost control. In addition, the optimization of R&D expenses and the reduction of special expenses also support the company's profitability improvement.

Key Financial Data

1. The operating revenue in 2024 was positive, indicating the company's successful recovery of business growth.

2. The sales cost was RMB52,710,300, and the gross profit was RMB232,645,900, showing the company's success in cost control.

3. The R&D expenses decreased from RMB237,367,400 in 2023 to RMB86,865,000, demonstrating effective expense management.

4. The special expenses decreased to RMB-60,300,300, contributing to the overall profitability improvement.

5. The overall growth of the electric vehicle industry benefits Cenntro.

Peer Comparison

1. Industry-wide analysis: The electric vehicle industry experienced rapid growth in 2024, mainly driven by sustainable development and green energy policies. As an electric vehicle manufacturer, Cenntro benefited from this trend.

2. Peer evaluation analysis: Cenntro's operating revenue growth indicates its improved market competitiveness. Despite the intense competition in the electric vehicle market, Cenntro achieved a positive revenue through product innovation and market expansion, demonstrating its relative advantages.

Summary

Cenntro successfully reversed its revenue loss in 2024, with a significant increase in operating revenue, demonstrating its recovery ability and competitiveness in the market. The company strengthened its profitability through optimizing cost structure and R&D investment. The overall positive trend in the electric vehicle industry provides a good development prospect for Cenntro.

Opportunities

1. With the rapid expansion of the global electric vehicle market, Cenntro has the opportunity to further enhance its market share.

2. The launch of new products, Avantier Ex and Avantier Commuter, may attract more consumers and improve sales performance.

3. The industry's emphasis on sustainable development and green energy provides a good market environment for Cenntro's product innovation.

Risks

1. Despite revenue growth, market sentiment on Cenntro's future revenue expectations remains cautious, which may affect stock price performance.

2. Intensified competition in the electric vehicle market may put pressure on Cenntro's market share.

3. The reduction in R&D expenses may affect the company's future technological innovation and product competitiveness.