SAND Latest Report

Summary

SAND's 2024 revenue growth was mainly driven by increased market demand and improved operating efficiency. Meanwhile, the overall recovery of the gold market and the firmness of gold prices provided a good external environment for the company. Through measures such as launching new products and controlling costs, the company strengthened its market position.

Opportunities

1. The continued strong demand for gold in the market provides growth opportunities for the company, especially in the context of increased economic uncertainty.

2. The continuous launch of new products can attract new customers and expand market share.

3. By increasing the proportion of high-value-added products, the company can further enhance its profitability.

Risks

1. Fluctuations in raw material prices may negatively affect the company's profitability, especially when major raw materials prices rise.

2. Intensified competition in the industry may affect the company's market share and gross margin.

3. Economic uncertainties may lead to fluctuations in gold demand, affecting the company's revenue performance.