WTTR Latest Report

Performance of the Quarterly Report

Based on the financial data provided, Select Water (stock code: WTTR) recorded an operating revenue of RMB349,047,000 as of December 31, 2024, a YoY decrease of 6.9% from RMB374,860,000 as of December 31, 2023. This change reflects the company's decline in revenue, which may have affected its overall profitability.

Key Data in the Financial Report

1. Operating revenue decreased by 6.9% from RMB374,860,000 to RMB349,047,000, reflecting the company's poor market performance.

2. Sales costs decreased from RMB320,302,000 to RMB304,863,000, but failed to effectively boost gross profit.

3. There may be issues with operating efficiency and marketing, failing to effectively attract customers and maintaining revenue at a high level.

4. Intensified industry competition, reduced market demand, and changes in the macroeconomic environment are important factors affecting operating revenue.

Peer Comparison

1. Industry-wide analysis: In the water industry, the overall change in operating revenue may be affected by various factors, including industry policies, market competition, and environmental regulations. A decline in overall industry revenue would negatively impact Select Water's performance.

2. Peer evaluation analysis: Compared to other companies in the same industry, WTTR's operating revenue decreased significantly, possibly reflecting a loss of market share or inadequate business strategies. If other industry companies can maintain revenue growth, WTTR may face greater competition.

Summary

Select Water's operating revenue decline in 2024 was driven by factors such as intensified market competition, declining operating efficiency, and changes in the external economic environment. Although sales costs have decreased, the overall revenue decline may further affect the company's profitability and market position.

Opportunities

1. Government policies encourage the development of water-saving service industries, which may bring more investment opportunities to the water industry.

2. With continued fixed asset investment, the water industry will attract social capital participation and promote industry development.

3. If the company can adjust its strategies and improve operating efficiency, it will have the opportunity to regain market competitiveness.

Risks

1. Insufficient market demand and intensified industry competition may continue to put pressure on the company's revenue.

2. Uncertainty in the macroeconomic environment may further affect the company's operating environment.

3. If other industry companies continue to grow, Select Water may face further loss of market share.