NDAQ Latest Report

Financial Performance

Based on the provided financial data, the total operating revenue at December 31, 2024 was RMB2.029 billion, up 10.49% from RMB1.648 billion at December 31, 2023. This growth indicates strong sales performance and the ability to effectively expand market share or increase product prices.

Key Financial Data

1. The total operating revenue in 2024 was RMB2.029 billion, up 10.49% YoY.

2. Possible growth reasons include improved market demand, optimized product portfolio, improved sales strategies, and a better macroeconomic environment.

3. The anti-financial crime business is the fastest-growing area for the company, with a YoY growth of about 20% in 2023.

4. The company is actively applying for spot Bitcoin ETFs, which is expected to attract more investors.

Industry Comparison

1. Industry-wide analysis: If the industry generally grew during the same period, it may indicate that the industry is in a recovery phase, with overall market demand increasing. According to the forecasts of peer companies, the revenue growth rate in 2024 ranges from 3.99% to 21.01%, indicating a positive trend for the industry as a whole.

2. Peer evaluation analysis: NDAQ's total operating revenue in 2024 grew by 10.49%, and if the average growth rate of peers is lower than this level, it shows that NDAQ performed well in the industry. In contrast, Ningbo Hengshua's growth rate was 16.25%, while Jiachic Technology's growth rate is expected to be between 3.99% and 17.25%, indicating that NDAQ's growth rate still has competitiveness.

Summary

This analysis shows that NDAQ's revenue growth in 2024 mainly benefited from the improvement in market demand and product innovation, reflecting the company's ability to gradually transform in economic fluctuations. Although the overall economic environment is full of uncertainties, NDAQ is expected to maintain its competitiveness through diversified revenue sources and innovative products.

Opportunities

1. Strengthen the market development of anti-financial crime technology to meet the growing market demand.

2. The newly launched spot Bitcoin ETF products may attract more investors and enhance market share.

3. Continuously optimize the product portfolio to meet customer needs for new technologies.

Risks

1. Complex economic environment, external uncertainties may put pressure on revenue growth.

2. Intensified industry competition, need to maintain innovation in products and services.

3. Over-reliance on market fluctuations may affect the stability of the company.