POOL Latest Report

Performance of the Current Financial Report

Based on the provided data, Pool (stock code: POOL) had an operating revenue of RMB987,480,000 as of December 31, 2024, a year-on-year decrease of 1.56% from RMB1,003,050,000 as of December 31, 2023. This change indicates a weakening sales performance for the company during the fiscal year, which may affect its overall profitability and market confidence.

Key Data in the Financial Report

1. Operating revenue in 2024 was RMB987,480,000, a year-on-year decrease of 1.56%.

2. Net sales in the first nine months of 2024 were US$4.324 billion, a year-on-year decrease of 5%.

3. Sales are expected to remain stable or slightly increase in 2024, but are mainly affected by seasonal and macroeconomic conditions.

Peer Comparison

1. Industry-wide analysis: In the overall industry, the operating revenue in 2024 generally suffered from changes in the economic environment and market demand, with many companies facing similar revenue decline trends. This trend may reflect the industry's overall adjustment and market saturation.

2. Peer evaluation analysis: Compared with other companies in the same industry, Pool's operating revenue decline was relatively small, indicating that it still maintains a certain market share in the competition. However, its competitors' performances should be monitored to assess its relative position in the industry.

Summary

This analysis suggests that Pool's operating revenue decline reflects the impact of intensified competition, changes in the economic environment, and reduced consumer spending. Although the company's performance is relatively good among its peers, it is necessary to closely monitor market dynamics and changes in the macroeconomic environment.

Opportunities

1. With strong growth in household consumption in the United States, Pool has the opportunity to boost revenue through the sales of maintenance and non-optional products.

2. The company can expand its distribution network and product line through a continuous merger and acquisition strategy to enhance market competitiveness.

3. Pool can focus on market opportunities in the ongoing demand for pool maintenance products.

Risks

1. Adverse weather conditions can directly affect the use and maintenance demand for pools, especially during the peak sales period.

2. Changes in macroeconomic conditions, such as cautious consumer spending and inflation, may reduce the willingness to consume discretionary products, affecting sales performance.

3. Other social unrest or unforeseen events may disrupt the company's operations, affecting customer payment capabilities.