BLD Latest Report

Performance of the Quarterly Report

Based on the provided data, Topbuild (stock code: BLD) recorded a total operating revenue of USD1.312 billion as of December 31, 2024, up approximately 2.02% from USD1.286 billion as of December 31, 2023. This growth indicates that the company maintained a stable growth trend in operating revenue, albeit with a relatively small increase.

Key Data in the Quarterly Report

1. The total operating revenue in 2024 was USD1.312 billion, up 2.02% YoY.

2. Sales costs rose from USD895 million to USD920 million, indicating cost pressure.

3. Gross profit margin slightly improved, suggesting that the company's efforts in cost control may indirectly promote revenue growth.

4. New product launches, including efficient photovoltaic cell technology, in 2024 helped enhance market competitiveness.

5. The Company achieved operating revenue of RMB4.418 billion in the first half of 2024, up 75.48% YoY.

Peer Comparison

1. Industry-wide analysis: In the construction and decoration industry, the overall market environment improved in 2024, with infrastructure investment and the recovery of the housing market driving revenue growth. It is expected that the overall revenue will grow by 3%-5% in 2024.

2. Peer evaluation analysis: Although Topbuild's revenue growth of 2.02% is lower than industry expectations, it shows its stability in competition, with other peers such as TGOOD's revenue growth rate of 12.93%.

Summary

Topbuild maintained stable revenue growth in 2024, albeit with a relatively small increase, but in the context of gradually recovering market demand, the Company enhanced market competitiveness through new product launches and marketing strategy adjustments.

Opportunities

1. Technological breakthroughs in new products (such as efficient photovoltaic cell technology) enhance market competitiveness.

2. Adjustments in marketing strategies, especially the expansion of online channels, may bring new customer sources.

3. The overall recovery trend in the industry will provide more market opportunities for Topbuild.

Risks

1. The rise in sales costs may affect profit margins and requires strengthened cost control.

2. Intensified competition within the industry may affect market share.

3. Dependence on the market acceptance of new products, if it fails to meet expectations, may affect sales growth.