SIDU Latest Report

Financial Performance

Based on the provided financial data, Sidus Space (stock code: SIDU) recorded an operating revenue of RMB 825,963 in 2024, compared to RMB 1,343,229 in 2023. The year-on-year change in operating revenue indicates a significant revenue decline for the company in this year.

Key Financial Data

1. Operating revenue decreased to RMB 825,963 in 2024, down approximately 38.41% from RMB 1,343,229 in 2023.

2. The revenue decline may be attributed to declining market demand, increased competition, operational efficiency issues, and uncertainties in the external economic environment.

3. The company launched a new product, GEOVIS Digital Low-altitude Brain, in 2024, which may have affected its operating revenue.

Industry Comparison

1. Overall industry analysis: The aerospace industry performed well in 2024, with China's aerospace market expected to carry out 100 launches, up nearly 50% year-on-year, and the commercial aerospace market continued to expand, showing a strong growth trend. This suggests that Sidus Space's revenue decline may be due to its own issues rather than a general industry phenomenon. [Source](http://stock.finance.sina.com.cn/stock/go.php/vReport_Show/kind/lastest/rptid/767633603683/index.phtml)

2. Peer comparison analysis: Compared to other companies in the industry, Sidus Space's revenue decline was more pronounced. High-tech and Star-Map achieved good revenue growth in 2024, demonstrating strong market performance, which may further highlight Sidus Space's lack of competitiveness in the industry. [Source](http://stock.finance.sina.com.cn/stock/go.php/vReport_Show/kind/search/rptid/784489546916/index.phtml)

Summary

Sidus Space's operating revenue significantly decreased in 2024, mainly affected by declining market demand, increased competition, and operational issues. Although the company launched a new product, it failed to reverse the downward trend in revenue. The overall growth of the aerospace industry is good, and Sidus Space needs to improve its own issues to maintain market competitiveness.

Opportunities

1. Expanding the low-altitude industry market by leveraging the newly launched GEOVIS Digital Low-altitude Brain product.

2. Strengthening R&D investment to enhance product competitiveness and attract more customers.

3. Seizing the overall growth trend of the aerospace industry and actively participating in market competition.

Risks

1. Continued revenue decline may lead to cash flow pressure, affecting the company's operations.

2. Increased competition in the industry may lead to price wars, further compressing profit margins.

3. Uncertainties in the external economic environment may affect future market demand.