LBTYB Latest Report

Performance of the Current Report

LBTYB's operating revenue totaled -1412100000 yuan as of December 31, 2024, an improvement from -1455100000 yuan as of December 31, 2023. Although still negative, the improvement in revenue indicates a possible recovery in the company's operations.

Key Financial Data

1. The operating revenue in 2024 was -1412100000 yuan, an improvement of about 2.42% from 2023, showing a certain recovery trend.

2. The sales cost in 2024 was -402600000 yuan, lower than -455300000 yuan in 2023, reflecting the company's effectiveness in cost control.

3. The pre-tax profit in 2024 was 2413000000 yuan, higher than 2177000000 yuan in 2023, indicating an enhanced overall profitability.

4. The income from affiliates in 2024 was 138200000 yuan, compared to -215500000 yuan in 2023, showing an improvement in affiliate performance and a positive impact on overall operating revenue.

Peer Comparison

1. Overall industry analysis: The overall industry faced pressure in 2024 in terms of operating revenue, but the market gradually recovered, with some companies beginning to regain growth, showing the industry's adjustment and recovery potential.

2. Peer evaluation analysis: Although LBTYB's operating revenue is still negative, its year-on-year improvement is relatively good, reflecting the company's effective measures in adversity.

Summary

LBTYB showed an improvement trend in operating revenue in 2024, although still in negative territory, through reducing sales cost and improving affiliate income, overall profitability has been enhanced. Supported by the market environment and industry trends, the company may further increase revenue in the future.

Opportunities

1. With the gradual implementation of macro policies, the potential for market consumption is expected to expand, providing growth space for the company.

2. The launch of new products, such as the young-oriented Armor Warriors new products and AI-related products, may attract more consumers and enhance market competitiveness.

3. The recovery of affiliate performance will continue to have a positive impact on overall revenue, possibly leading to higher overall profits.

Risks

1. The industry as a whole still faces revenue pressure, with intense competition that may affect the company's sales performance.

2. Risks from international geopolitics and trade protectionism still exist, which may adversely affect the company's global business.

3. The market acceptance of new products is unknown, which may lead to unmet expectations and affect revenue growth.