TERN Latest Report

Performance of the Current Financial Report

Based on the provided data, TERN's revenue in December 2024 was -25949000 yuan, compared to -24058000 yuan in December 2023, indicating a year-on-year decrease of approximately 7.86%. This change suggests that the company's revenue performance was poor during the reporting period, which may affect its overall financial health.

Key Data in the Financial Report

1. Decline in Revenue: Revenue in 2024 was -25949000 yuan, a 7.86% decrease from 2023.

2. Insufficient Demand: The company may face a weak market demand, affecting sales.

3. Intensified Competition: Intensified competition in the industry may lead to a decrease in sales prices, further affecting revenue.

4. Product Issues: The unacceptability of new products may be one of the reasons for the revenue decline.

5. Macroeconomic Factors: Uncertainty in the economic environment may negatively impact consumer spending.

6. Decreased Operating Efficiency: Insufficient operational management may lead to increased costs, affecting revenue performance.

Peer Comparison

1. Industry-wide Analysis: In the current economic situation, many peer companies also face a decline in revenue, especially in the consumer goods and services sector, where reduced consumer spending is a common phenomenon. This situation may reflect the overall industry's sluggishness, affecting the company's revenue performance.

2. Peer Evaluation Analysis: TERN's revenue decline needs further assessment compared to other companies in the same industry. If peer companies show revenue growth during the same period, it may indicate TERN's disadvantage in the market competition. Conversely, if most companies face revenue declines, it may indicate the challenges faced by the entire industry.

Summary

Through the analysis of TERN's financial data, it can be seen that its revenue decline is mainly affected by factors such as insufficient market demand and intensified competition. Although the company plans to grow against the trend through high-end cost-effective strategies and market expansion, the overall economic environment and industry competition still put pressure on its business.

Opportunities

1. Market Expansion: The company plans to enhance its market share through market expansion and product innovation, which may bring revenue growth opportunities.

2. High-End Cost-Effective Strategy: Implementing a high-end cost-effective strategy may help attract more customers and achieve revenue growth despite the trend.

3. Cost Rate Optimization: After cost rate optimization, the company's net margin has improved, and further improvement in its financial situation is possible.

Risks

1. Intensified Industry Competition: Intensified competition in the industry may lead to downward price pressure, affecting the company's profitability.

2. Macroeconomic Uncertainty: Slowing economic growth and insufficient demand may further affect sales performance and market demand.

3. Fluctuations in Raw Material Prices: Fluctuations in raw material prices and exchange rate risks may increase the company's cost pressure, affecting its overall profitability.