Allyens Sees Steady Growth: Q1 2025 Revenue Increases by 6.74% Amid Strong Market Demand for Clear Aligners

Performance Review

WALPRA (stock code: WALPRA) recorded a total operating revenue of RMB778,000,000 in March 2025, up 6.74% from RMB728,800,000 in the same period of 2024. This growth indicates positive progress in the company's operating revenue, reflecting its improved sales capacity in the market.

Key Data in the Financial Report

1. The company's invisible orthodontic treatment revenue grew 1.6% YoY to US$794 million in Q1 2025, showing stable market demand.

2. The number of invisible orthodontic treatment cases in Q4 2024 grew 6.1% YoY to 629,000, especially in the adolescent and pediatric markets.

3. The company plans to raise the average recommended retail price of its invisible orthodontic treatment in March 2025, reflecting its continued investment in the product and its market positioning.

4. In terms of sales channels, Align Technology continues to rely on its market growth in Europe, the Middle East, and Asia-Pacific, especially in the adolescent and pediatric markets.

Peer Comparison

1. Industry-wide analysis: The continuous growth in demand for invisible orthodontic treatment and orthodontic treatment reflects the overall positive trend in the industry. Align Technology's invisible orthodontic treatment revenue grew 1.6% YoY in Q4 2024, indicating that there is still demand for such products in the market.

2. Peer evaluation analysis: If other companies in the same industry also show revenue growth at the same time, Align Technology's growth can be considered part of the industry trend; conversely, if the overall industry revenue growth is slow while the company achieves high growth, it indicates that its market strategy or operating ability is relatively outstanding.

Summary

Align Technology's total operating revenue growth in Q1 2025 is driven by stable market demand, successful sales strategies, and improved macroeconomic conditions. These factors collectively contribute to the company's improved sales capacity.

Opportunities

1. The continuous growth in demand for invisible orthodontic treatment, especially in the adolescent and pediatric groups, reflects the market's potential.

2. The price increase strategy may improve the company's gross margin and enhance its financial performance.

3. The company's growth in system and service revenue indicates the success of its sales strategies, further expanding the market share of its products and services.

Risks

1. Intensified market competition may affect the company's market share and pricing ability.

2. Foreign exchange fluctuations may negatively impact the company's revenue and costs.

3. If the overall economic performance of the industry is poor, it may affect consumers' spending willingness and thus affect the company's revenue growth.