SNX Latest Report

Performance of the Quarterly Report

As of February 28, 2025, New Aggregation (SNX) had an operating revenue of Rmb14.532 billion. Although a specific analysis of the year-on-year change is not possible, the absolute value of the operating revenue is crucial for the overall financial health of the company, reflecting its market performance and profitability.

Key Data in the Financial Report

1. New Aggregation's operating revenue in 2024 was US$7.755 billion, showing the company's revenue scale in the past year.

2. The overall revenue in the first quarter of 2025 was US$14.532 billion, down from the previous quarter but still higher than the US$13.975 billion in the same period of 2024.

3. The company's net profit was US$168 million, gross profit was US$3.582 billion, and the P/E ratio was 14.89, indicating a relatively stable profitability.

4. The fluctuation in market volume reflects changes in market demand, with US$272 million on March 28, 2025, a decrease of 53.40% from the previous trading day.

Peer Comparison

1. Industry-wide analysis: The overall industry's operating revenue growth trend may be affected, and the inorganic growth rate is expected to slow down in 2025. However, the launch of new products and optimization of product mix will help the industry regain vitality. If New Aggregation fails to keep up with industry growth, it may reflect a loss of market share.

2. Peer evaluation analysis: If New Aggregation's operating revenue is higher than the industry average, it indicates a strong market position; if lower, it may need to be reviewed for its market strategy and product competitiveness. According to data, the consumer electronics industry is expected to grow 3.2% in 2025, showing market potential.

Summary

New Aggregation's operating revenue in the first quarter of 2025 performed relatively stably, but the fluctuation in market demand and the slowdown in overall industry growth may pose challenges to the company's future growth. However, the company's strategy of optimizing product mix and accelerating new product launches may help offset these risks to some extent.

Opportunities

1. New Aggregation can enhance sales performance by optimizing product mix and accelerating new product launches, taking advantage of the recovery in market demand.

2. Continue to focus on wholesale distribution and business process outsourcing (BPO), enhancing the competitiveness of design and integration services to improve market share.

3. Take advantage of the overall industry recovery trend to actively expand new markets, enhance brand influence, and build a customer base.

Risks

1. A significant decrease in market demand may lead to further declines in operating revenue, affecting financial health.

2. The slowdown in overall industry growth may lead to increased competition, affecting the company's market share.

3. The effectiveness of New Aggregation's sales strategy in improving performance still needs to be observed, and if it fails to meet expectations, it may damage investor confidence.