ACRPRC Latest Report

Key Financial Data

1. The operating revenue of ACRES Priority C in December 2024 was RMB214.31 million, a decrease of about 4.59% from RMB224.45 million in 2023.

2. The reasons for the decrease in revenue include declining market demand, price competition, changes in product mix, adjustments in marketing strategies, and the impact of external special events.

3. The intense competition in the photovoltaic industry led to a year-on-year decrease in sales volume, and the company actively controlled the scale of order acceptance, affecting sales revenue.

4. The decline in the price of major raw materials led to a decrease in the selling price of products, affecting gross margin.

5. The increase in inventory write-offs and fixed expenses had a negative impact on revenue.

Peer Comparison

1. Industry-wide analysis: The overall photovoltaic industry and related sectors face pressure on revenue decline, which may indicate a poor overall industry environment and the need to pay attention to changes in the industry landscape.

2. Peer evaluation analysis: Compared with major competitors, ACRES Priority C's performance in the market has become relatively weak, especially when the overall industry performance is still acceptable, the revenue decline of ACRES Priority C may point to a weakening of its market competitiveness.

Summary

ACRES Priority C's revenue decline in 2024 was mainly due to the intensification of market competition and internal strategy adjustments, and the complexity of the overall industry environment has increased the difficulty of the Company's revenue growth.

Opportunities

1. The Company plans to expand in the engineering plastic additives field, providing a new growth point.

2. Through technological innovation and product optimization, the potential to enhance market share.

3. The intensification of industry consolidation may provide opportunities for leading companies to pursue mergers and acquisitions and expansion.

Risks

1. The continuous intensification of market competition may further compress profit margins.

2. The fluctuation in raw material prices may continue to affect gross margin and increase financial uncertainty.

3. Failure to effectively implement new product strategies or market expansion plans may lead to further decline in market share.