IMPP Latest Report

IMPP's Financial Performance

IMPP's operating revenue totaled RMB26,211,665 as of December 31, 2024, a 12.05% decrease from RMB29,881,814 as of December 31, 2023. This change indicates that the company faces challenges in its operating revenue, which may affect its overall profitability.

Key Financial Data

1. Operating revenue decreased by 12.05% YoY, indicating pressure in the company's competition and demand.

2. The overall operating revenue of the industry fluctuated, with some companies facing pressure from the decline in market demand and the rise in raw material prices.

3. IMPP plans to launch new products to expand its market share, which may bring new revenue growth points in the future.

4. The rise in raw material prices puts pressure on IMPP's costs, which may further affect its profitability.

5. The weak macroeconomic environment and the PMI index below the critical line in the manufacturing industry have a negative impact on IMPP's performance.

Peer Comparison

1. Industry-wide analysis: The overall industry's operating revenue fluctuated in 2024, with some companies facing revenue declines due to changes in market demand and the rise in raw material prices. The decline in the industry's overall operating revenue may reflect the weakness of the economic environment or consumer market.

2. Peer evaluation analysis: IMPP's operating revenue decreased by 12.05% YoY, which is worse than its peers, especially compared to its major competitors. For example, Vanrun's revenue decreased by 38.53% in the same period, while Silan's revenue grew by 17.83%. IMPP's performance needs further analysis to assess its competitive position.

Summary

IMPP faced significant challenges in 2024, including a significant decline in operating revenue, rising raw material costs, and adverse macroeconomic conditions. Although the company plans to launch new products to improve its market performance, the current market conditions and cost pressures may constrain its profitability in the short term.

Opportunities

1. New product development and launch: IMPP's planned new products such as Sevotin may attract more market attention in the future and drive sales growth.

2. Market share expansion: Through innovation and effective market strategies, the company may regain its market share in competition.

3. Cost control strategy: The strategy of establishing a price linkage mechanism with downstream customers may alleviate the pressure from rising raw material prices.

Risks

1. The further decline in demand due to the continued weak economic environment may affect operating revenue.

2. The continuous rise in raw material prices may erode the company's profit margin.

3. Intensified competition may lead to further loss of market share, affecting the company's market position.