METCB Latest Report

Key Financial Data

1. Ramaco Resources B's total operating revenue was RMB170.892 million as of December 31, 2024, down 15.69% YoY.

2. Sales costs were RMB136.079 million in 2024, lower than RMB139.41 million in 2023.

3. Marketing, sales, and general and administrative expenses were RMB28.06 million in 2024, up from RMB25.71 million in 2023.

4. Net income in Q4 2024 was US$4 million, with EPS of US$0.06, and liquidity recorded at approximately US$140 million.

5. Revenue in Q1 2024 was US$173 million, up 3.8% YoY, but net profit decreased by 91.95% YoY to US$2.032 million.

Peer Comparison

1. Industry-wide analysis: Overall, the resource industry faces a similar trend of declining operating revenue, limited by price fluctuations of raw materials, supply chain issues, and global economic uncertainties, which may lead to a decrease in market demand.

2. Peer evaluation analysis: Compared with other companies in the same industry, Ramaco Resources B's revenue decline is significant. It is necessary to compare the financial data of the same industry companies. If the same industry does not show a similar decline, it may indicate Ramaco's disadvantage in market competition.

Summary

Ramaco Resources B's financial performance shows a significant decline in total operating revenue, with decreasing market demand and intensified competition as the main factors. Although sales costs have decreased, the increase in marketing expenses has failed to effectively boost revenue, coupled with the impact of the macroeconomic situation, leading to financial pressure for the company.

Opportunities

1. With the recovery of resource industry demand in the second half of 2024, Ramaco has the opportunity to enhance its market share through strategic adjustments and optimized product mix.

2. If the US's interest rate cut policy continues, it may stimulate the demand for resource products, allowing Ramaco to enhance its pricing power.

3. The overall investment opportunities in the resource industry have increased, and Ramaco can take advantage of the high prosperity driven by policy and consumption transformation to expand the market.

Risks

1. If market demand fails to recover as expected, it may lead to a continuous decline in operating revenue, affecting the company's profitability.

2. If competition in the industry further intensifies, it may affect the company's performance in terms of price and market share, leading to increased financial risks.

3. Fluctuations in the economic cycle and uncertainties in policies may affect the company's future production and sales, increasing operating risks.