THM Latest Report

Financial Performance

Based on the provided data, International Tower (stock code: THM) recorded a 2024 revenue of -1,030,321 yuan, a decrease from -728,424 yuan in 2023, indicating significant difficulties in sales and operations.

Key Financial Data

1. THM's revenue in 2024 was -1,030,321 yuan, showing a significant negative growth, reflecting poor sales.

2. Special items in operating expenses reached 1,452,260 yuan during the same period, up from 1,270,021 yuan in 2023, possibly increasing the company's losses.

3. Insufficient market demand, intensified competition, and possible market strategy mistakes could be the reasons for the revenue decline.

Peer Comparison

1. Industry-wide analysis: The overall industry's revenue generally declined, possibly affected by economic slowdown, intensified competition, etc. This phenomenon indicates that THM's revenue decline is not only a company-specific issue but also a reflection of the overall industry trend.

2. Peer evaluation analysis: THM's revenue performance in the industry is relatively poor, and its market share and competitiveness should be monitored. If other peer companies achieve growth at the same time, THM's situation will be more severe, possibly requiring a reevaluation of its business model and market positioning.

Summary

THM's significant revenue decline reflects the sales pressure and market challenges the company faces. Against the backdrop of a poor overall economic environment, THM needs to review its market strategy and operating methods to cope with the industry-wide downward trend.

Opportunities

1. THM plans to optimize its product structure and market layout, which may provide opportunities for future revenue growth.

2. Focusing on clothing products below US$20 may benefit from commission adjustments.

3. Increasing the migration of its supply chain to Southeast Asia can help reduce costs and enhance competitiveness.

Risks

1. Macroeconomic uncertainties and complex international trade environments may affect overall operations.

2. Intensified competition, especially in low-price markets, may squeeze the company's profit margin.

3. Fluctuations in raw material prices and exchange rates may bring additional operating risks.