SGD Latest Report

Financial Performance

Safe and Green (stock code: SGD) showed a significant recovery in its financial performance in 2024, with a total operating revenue of RMB34,364, a significant improvement from RMB-1,763,495 in 2023, although its revenue was still negative, but less negative than in 2023, indicating that the company has made progress in recovering revenue.

Key Financial Data

1. The operating revenue has significantly improved from RMB-1,763,495 in 2023 to RMB34,364 in 2024, indicating positive progress in the company's market demand and product sales.

2. The gross profit was RMB-148,292, indicating that the company still faces challenges in cost control, which may limit its future profitability.

3. Marketing, sales, and general management expenses were RMB1,615,203 in 2024, up from 2023, which may affect net profit, but may also be necessary investments to increase market share.

4. In terms of financial expenses, interest expenses were RMB891,291 in 2024, up significantly from RMB363,389 in 2023, reflecting the company's increased financing costs, further affecting profits.

Industry Comparison

1. Overall industry analysis: In the current economic environment, many companies face the double pressure of revenue decline and cost rise, and the overall operating revenue of the industry is affected by changes in market demand and fluctuations in raw material costs. Safe and Green's revenue recovery may indicate that some companies have successfully adapted to market changes.

2. Peer evaluation analysis: Although Safe and Green's operating revenue has improved, its profitability and cash flow status still need attention. The companies in the same industry performed better in terms of operating revenue and profit margin, and Safe and Green needs to continue to improve its revenue and control costs to enhance its competitiveness.

Summary

Safe and Green showed signs of revenue recovery in 2024, but still faces challenges such as negative gross profit and high financial expenses. The company adjusted its market strategy by monetizing real estate assets to boost revenue, but still needs to improve cost control and profitability.

Opportunities

1. With the country's emphasis on environmental protection and low-carbon emission targets, the wind power, photovoltaic, hydrogen, and energy storage industry in which Safe and Green operates is facing development opportunities.

2. The company actively expands its global market, with strong growth in the United States and Japan markets providing momentum for future revenue.

3. Through the launch of new products and market penetration, Safe and Green has the opportunity to further enhance its market share.

Risks

1. High marketing and management expenses may affect the company's net profit in the short term.

2. The increase in financial expenses may put pressure on the company's cash flow, affecting its ability to continue operating.

3. The performance of other competitors in the industry may pose a threat to Safe and Green's market share, and the company needs to accelerate its competitiveness to cope with market challenges.