CIM Latest Report

Performance in the Current Report

In 2024, Chimera Investment's total operating revenue from CIM was -110,632,000 yuan, a significant 215.94% year-on-year decrease from 51,350,000 yuan in 2023. This change indicates that the company experienced a severe revenue decline in 2024, which may have a profound impact on its overall profitability and financial health.

Key Data in the Financial Report

1. The Company's first-quarter revenue in 2024 was US$152 million, a significant increase from US$88.46 million in the same period last year, but the overall trend shows volatility, reflecting market pressure and instability. [Source](http://stock.10jqka.com.cn/usstock/20240510/c657699575.shtml)

2. According to the 2024 financial report, Chimera Investment increased liquidity and diversified revenue sources to cope with market pressure. [Source](https://www.sec.gov:443/Archives/edgar/data/1409493/000162828025006426/cim-20241231.htm)

3. Changes in the competitive environment and the performance of other mortgage investment companies also affected Chimera's market performance, leading to its stock price hitting a new low, reflecting market concerns about its future profitability. [Source](http://stock.10jqka.com.cn/usstock/20240411/c656761799.shtml)

Peer Comparison

1. Industry-wide analysis: In 2024, the overall revenue of the mortgage real estate investment trust (REIT) industry may face a decline due to weakened market demand and industry policies. The rise in financing costs, especially in the context of rising interest rates, may further affect overall profitability. [Source](https://www.sec.gov:443/Archives/edgar/data/1409493/000162828025006426/cim-20241231.htm)

2. Peer evaluation analysis: Compared to other companies in the industry, Chimera Investment's total operating revenue decreased significantly, possibly revealing its disadvantages in market competition, and its market share changes and management level need to be paid attention to.

Summary

Chimera Investment's significant revenue decline in 2024 reflects multiple challenges in the market environment, business strategy, and competitive pressure. This revenue decline may have a negative impact on the company's long-term development, so its future profitability and market position need to be cautiously evaluated.

Opportunities

1. Continuing to invest in unleveraged yield assets, especially mortgage-backed securities on small commercial properties, may bring new revenue sources for the company. [Source](https://www.sec.gov:443/Archives/edgar/data/1409493/000162828024045708/cim-20240930.htm)

2. Improving liquidity and diversifying revenue sources helps to withstand market pressure and enhance the company's risk tolerance. [Source](https://www.sec.gov:443/Archives/edgar/data/1409493/000162828025006426/cim-20241231.htm)

Risks

1. Changes in the economic environment and intensified industry competition may lead to a continuous decline in revenue, affecting the company's financial stability.

2. The rise in financing costs may weaken the company's profitability, especially in the context of rising interest rates. [Source](https://www.sec.gov:443/Archives/edgar/data/1409493/000162828025006426/cim-20241231.htm)

3. Negative market expectations about Chimera Investment's future profitability may have a negative impact on its stock price and investor confidence. [Source](http://stock.10jqka.com.cn/usstock/20240411/c656761799.shtml)