CTHR Latest Report

Financial Performance

As of June 30, 2024, the operating revenue of Shici (Hong Kong) Co., Ltd. was RMB38,358,843, a YoY decrease of 31.06% from RMB55,642,31 in June 30, 2023. This significant decline could be attributed to multiple factors, directly affecting the company's profitability and financial health.

Key Financial Data

1. Operating revenue decreased from RMB55,642,31 to RMB38,358,843, a decrease of 31.06%

2. Sales cost decreased from RMB105,614,73 to RMB46,295,64, indicating improved cost control

3. Marketing, sales, and management expenses decreased from RMB43,400,17 to RMB30,701,26, suggesting the company may be optimizing its operations

4. The net loss in Q1 2024 was US$2,539,500, a YoY increase of 185.27%

5. The cumulative net loss in Q3 2024 was US$9,038,100, a YoY decrease of 12.49%

Peer Comparison

1. Industry-wide analysis: The current industry faces challenges of insufficient demand and intensified competition, leading to a decrease in revenue for most companies. This trend may reflect cyclical fluctuations, and investors should pay attention to signs of market recovery.

2. Peer evaluation analysis: Compared to other companies in the same industry, Shici (Hong Kong) Co., Ltd. has a larger decrease in revenue, which may indicate a disadvantage in market share and brand influence. Competitors' revenue remains stable or grows, further increasing market competition.

Summary

Shici (Hong Kong) Co., Ltd. saw a significant decrease in its operating revenue in the first half of 2024, reflecting challenges in the market and issues with internal operational efficiency. Despite the decrease in sales cost and management expenses, the overall revenue decline remains a noteworthy warning signal. Future operating strategies and market response measures will be key to turning the situation around.

Opportunities

1. Optimize product portfolio: Adjust product lines to better meet market demands, enhance customer satisfaction

2. Strengthen online sales channels: Further develop e-commerce platforms in the context of digital transformation to boost sales

3. Reduce operating expenses: Continuously optimize cost structure to improve gross margin

4. Focus on industry recovery: Pay close attention to overall industry trends and adjust strategies accordingly to seize market opportunities

Risks

1. Insufficient market demand: Continued decline in market demand may further impact revenue and profitability

2. Intensified competition: Revenue growth by other companies in the same industry may lead to a loss of market share

3. Low operational efficiency: If internal management and operational efficiency fail to improve, it may face greater financial pressure

4. Economic environment uncertainty: Macroeconomic changes may affect the company's overall performance and market confidence