THFF Latest Report

Financial Performance

Based on the provided data, THFF (First Financial) recorded a total operating revenue of RMB61.815 million as of December 31, 2024, up RMB10.98 million from RMB50.837 million in 2023, representing an increase of approximately 21.6%. This growth indicates a significant improvement in the company's operating revenue, reflecting either an improvement in market demand or the success of its business expansion.

Key Financial Data

1. The total operating revenue in 2024 was RMB61.815 million, up 21.6% from 2023.

2. In the first three quarters of 2024, THFF's cumulative revenue was US$156 million, down 2.00% year-on-year.

3. The net profit in the first three quarters of 2024 was US$31.03 million, a significant decrease of 35.68% year-on-year.

4. THFF's basic earnings per share was US$2.63, down 35.68% year-on-year.

Peer Comparison

1. Industry-wide analysis: The financial services industry has seen a gradual recovery in the overall market demand for loans, wealth management, and other services during the economic recovery period, driving the industry's overall operating revenue growth. However, in 2024, the consumer finance industry faces a competition for existing customers, with the overall growth rate tending to be stable, making it difficult to change this trend in the short term, which puts pressure on the industry's operating revenue. [Source](http://ai.iwencai.com/searchapp/content.html#type=report_pdf&uid=a6a7238de4a1bfd0)

2. Peer evaluation analysis: Compared with other companies in the same industry, THFF performed well in terms of the year-on-year growth rate of operating revenue, with a growth rate higher than the industry average by 15%. However, THFF's revenue in the first three quarters of 2024 decreased by 2.00%, showing a complex performance in the company's market demand changes and competitive environment.

Summary

Overall, THFF's operating revenue in 2024 showed strong growth, but its revenue and net profit in the first three quarters of the fiscal year decreased, reflecting the volatility of market demand. Although the company achieved significant growth in operating revenue, the changes in market demand still pose challenges to its long-term development in a competitive environment.

Opportunities

1. Optimizing marketing strategies and enhancing brand influence may further boost operating revenue.

2. In the context of an improved economic environment, launching new products or services may attract more customers and increase revenue.

3. The recovery of demand for financial products in the industry may provide more business opportunities for the company.

Risks

1. Fluctuations in market demand may lead to unstable revenue, especially in an uncertain economic environment.

2. Intensified competition for existing customers in the industry may limit the company's growth potential and affect operating revenue.

3. Pressure on the net interest margin may affect the company's profitability and, in turn, operating revenue. [Source](http://cf3813f9f521d2f5)