PSAPRI Latest Report

Key Financial Data

1. The Company's total operating revenue in 2024 was USD1.177 billion, up USD0.017 billion from USD1.16 billion in 2023, a 1.49% increase. This increase in the current economic environment shows the Company's resilience in maintaining revenue.

2. Although operating expenses rose from USD291 million in 2023 to USD311 million, the Company's revenue growth indicates its improvement in cost control.

3. The Company may attract more customers by improving service quality and customer experience, thus increasing operating revenue, reflecting the improvement in operating efficiency.

4. In the public storage industry, PSAPRI maintains a relative advantage through innovation and market positioning, helping it maintain revenue levels in competition.

Peer Comparison

1. Industry-wide analysis: The public storage industry has experienced a recovery in demand during the economic recovery. Many companies had similar revenue growth in 2024, indicating the overall recovery trend of the industry.

2. Peer evaluation analysis: Compared with peers, PSAPRI's 1.49% revenue growth is lower than some competitors' growth rates, but it still shows good stability and risk tolerance in the current market environment.

Summary

Through analysis, it can be seen that PSAPRI's revenue growth in 2024 is not large, but it shows its revenue stability and resilience in the economic fluctuation environment. The Company's positive performance in cost control, operating efficiency, and market competitiveness provides a foundation for future growth.

Opportunities

1. Continue to expand its market layout in the peptide drug field, build an automated peptide GMP production line, and enhance production capacity.

2. Increase sales efforts to large customers and gradually enhance its position in the supply chain of large-scale breeding groups.

3. Strengthen cooperation with downstream breeding enterprises through equity cooperation to ensure business growth.

4. With the recovery of market demand, the overall storage industry is expected to regain growth, providing a good market prospect for the Company.

Risks

1. The industry is highly competitive, which may face the double pressure of price competition and supply chain tension.

2. If the Company cannot effectively control operating expenses, it may affect profit levels.

3. Although the addition of new customers brings revenue growth, it may also increase the risk of customer concentration, and a stable customer structure needs to be maintained.

4. Uncertainty in market demand changes, especially during economic fluctuations, may affect operating revenue.