GNLPRE Latest Report

Performance of the Current Report

As of December 31, 2024, Global Net (stock code: GNLPRE) had a total operating revenue of RMB199,115,000, a decrease of RMB7,611,000 from RMB206,726,000 as of December 31, 2023, with a decline of approximately 3.68%. This change reflects the challenges faced by the company in terms of operating revenue, which may affect its overall financial health.

Key Data in the Report

1. The decrease in operating revenue in 2024 indicates a weakening in the company's revenue generation ability, which may be the result of increased competition or internal efficiency decline.

2. Operating expenses reached RMB35,619,000 in 2024, showing pressure on the company in controlling costs and further affecting net income.

3. The Company expects a net profit attributable to parent in 2024 of RMB-710 million to RMB-880 million, a turn to loss from profit, mainly due to the provision for goodwill impairment and market strategy adjustment.

Peer Comparison

1. Overall industry analysis: The overall market operating revenue in 2024 generally declined, mainly due to economic slowdown, insufficient consumer confidence, and increased competition, which led to similar revenue pressures for many companies.

2. Peer evaluation analysis: Compared with other companies in the same industry, the decline in Global Net's operating revenue was relatively small, showing its certain resistance in the market, but the continuous revenue decline may affect its future market competitiveness and investor confidence.

Summary

Global Net's decline in operating revenue in 2024 reflects its challenges in revenue generation, mainly affected by changes in the market environment, internal operating efficiency, and strategic adjustments. The overall industry also faces pressure from economic slowdown and increased competition, although the Company's relative performance is still acceptable, but future market competitiveness and investor confidence need to be paid attention to.

Opportunities

1. With the gradual stabilization of the market environment, if the Company can effectively adjust its strategy, it may restore revenue growth.

2. By optimizing its product line and improving operational efficiency, Global Net can enhance its market competitiveness.

3. Strengthening cost control management helps to improve the net income level.

Risks

1. Continuous revenue decline may lead to a decrease in investor confidence, affecting the Company's stock price.

2. Increased competition may further compress the Company's profit margin.

3. Uncertainty in the macroeconomic environment may affect consumer spending, thus negatively affecting the Company's operating revenue.