AYRO Latest Report

Performance of this financial report

AYRO (stock code: AYRO) had an operating income of RMB-82,751,920 as of December 31, 2024, compared to RMB-98,518,770 as of December 31, 2023, showing the year-on-year change in operating income. Although still negative, it has improved compared to the previous year, indicating a rebound in the company's revenue.

Key data in the financial report

1. Improvement in operating income: The operating income in 2024 was RMB-82,751,920, an improvement of RMB15,737,778 from RMB-98,518,770 in 2023.

2. Reduction in sales costs: Sales costs decreased from RMB43,503,400 in 2023 to RMB41,068,448, indicating the company's progress in cost control.

3. Significant reduction in R&D expenses: R&D expenses in 2024 were RMB95,442, a significant decrease from RMB15,474,710 in 2023, releasing more cash flow for other operations.

4. Increase in special operating expenses: Special operating expenses in 2024 were RMB16,598,350, although increased, the overall improvement in operating income shows the company's adjustment in operations.

Peer comparison

1. Industry-wide analysis: The electric vehicle and related industry faces sales challenges, with the overall industry affected by increased competition and fluctuating raw material prices. However, AYRO's improvement trend shows the company's resilience in adversity.

2. Peer evaluation analysis: AYRO's negative operating income performance is relatively good, especially in the improvement in 2024. If other peer companies are still in continuous losses, AYRO's situation shows its relative advantages in market strategy and cost control.

Summary

AYRO showed an improvement in operating income in 2024, although still in the negative zone, the overall trend is positive. This improvement is mainly due to cost control and the reduction in R&D expenses, allowing the company to show resilience in adversity. Compared with peers, AYRO's performance is relatively better, showing its efforts in market strategy and cost management.

Opportunities

1. Market recovery: The overall sales of the electric vehicle industry in 2024 grew strongly, providing potential market opportunities for AYRO.

2. Cost control measures: Continuous cost control may enhance the company's profitability and strengthen its market competitiveness.

3. Product innovation: Rebuilding the product strategy of low-speed electric vehicles may attract new customer groups and boost sales.

Risks

1. Fluctuation in raw material prices: The high raw material prices in 2024 may affect the company's gross margin and performance stability.

2. Intensified competition: The ongoing operational challenges of peer companies may lead to increased competition for market share.

3. Unstable revenue: Although revenue has improved, it is still negative, and continued revenue volatility remains a potential risk.