ZEUS Latest Report

Performance of the Quarterly Report

Based on the provided data, Olympic Steel (stock code: ZEUS) had a total operating revenue of RMB418,784,000 as of December 31, 2024, a year-on-year decrease of 14.41% from RMB489,408,000 as of December 31, 2023. This change indicates that the company faces certain challenges in terms of revenue, which may affect its overall profitability and financial health.

Key Data in the Financial Report

1. The 2024 operating revenue was RMB418,784,000, a year-on-year decrease of 14.41%.

2. The sales cost was RMB313,262,000, lower than RMB375,675,000 in 2023.

3. The overall operating revenue of the industry decreased by 3.58% year-on-year, indicating a sluggish market environment.

4. The total profit of the steel industry decreased by 6.67% year-on-year in 2024.

5. The overall market demand was weak due to factors such as the Russia-Ukraine conflict, leading to a decrease in sales volume.

Peer Comparison

1. Industry-wide analysis: The steel industry as a whole faces high inventory and insufficient demand, leading to a general decline in operating revenue. Olympic Steel's decrease was greater than the industry average, indicating its disadvantage in the market competition.

2. Peer evaluation analysis: Olympic Steel's operating revenue decreased significantly, reflecting a possible loss of market share and insufficient product competitiveness. Pay attention to the changes in operating revenue of other companies in the industry to comprehensively assess its market position.

Summary

Olympic Steel's operating revenue decline in 2024 was mainly affected by the weak market demand, unstable global economy, and intensified industry competition. Although the company tried to improve its situation through new products and product portfolio adjustments, the overall challenges remain significant, and it needs to closely monitor industry dynamics and the company's response strategies.

Opportunities

1. The company can enhance its market competitiveness through continuous innovation and new product development, especially in high-value-added products.

2. Seek to optimize cost structure and operational efficiency to improve profitability.

3. Seize the opportunity of market demand recovery to actively expand market share.

4. Focus on the overall recovery of the industry and adjust product portfolios in a timely manner to adapt to market changes.

Risks

1. The uncertainty of the global economic situation may further affect market demand and suppress revenue growth.

2. The continued rise in raw material costs will further compress profit margins and increase operating pressure.

3. Intensified competition within the industry may lead to price wars, further affecting profitability.

4. If new products fail to improve sales performance in the short term, it will affect the company's overall financial health.