BSET Latest Report

Performance Review

BSET's total operating revenue on March 1, 2025 was RMB821.62 million, with specific year-on-year changes requiring more historical data for accurate judgment. Changes in total operating revenue directly reflect the company's sales capacity and market performance.

Key Financial Data

1. BSET's total operating revenue in 2024 showed a clear downward trend, with cumulative revenue in the first six months of the year totaling US$170 million, a year-on-year decrease of 18.37%; as of the third quarter of 2024, the cumulative operating revenue was US$246 million, a year-on-year decrease of 16.87% [source](http://stock.10jqka.com.cn/usstock/20241011/c662326717.shtml).

2. The overall furniture industry is expected to face pressure in 2025, with a slight increase in operating revenue but a slight decrease in total profit [source](http://ai.iwencai.com/searchapp/content.html#type=report_pdf&uid=da8c6d23b65ca17d).

3. The furniture market is highly competitive, with good brand performance and increasing consumer demand for quality and personalization [source](https://www.suofeiya.com/gonglue/21289.html).

Peer Comparison

1. Industry-wide analysis: Changes in the overall market demand for furniture directly affect the total operating revenue of each company. Although individual brands perform well, the pressure faced by the industry as a whole may inhibit BSET's sales growth.

2. Peer evaluation analysis: Comparing BSET's total operating revenue with the performance of other companies in the industry, it is found that BSET's decline is significant, and attention should be paid to whether it can reverse this trend in the future market.

Summary

From the data analysis, it can be seen that BSET's decline in operating revenue over the past year is mainly affected by changes in market demand, intensified competition, macroeconomic factors, and adjustments in pricing strategies. The overall pressure in the industry is also reflected in the company's financial health.

Opportunities

1. With the increasing demand for furniture quality and personalization from consumers, BSET can consider launching new products to attract the market.

2. Utilizing industry-wide trade-in policies may provide opportunities for sales growth for the company.

3. Consider strengthening marketing activities to enhance brand awareness and market share.

Risks

1. The decline in industry-wide operating revenue may affect BSET's long-term profitability.

2. Strong performances from competitors may lead to BSET losing market share.

3. Uncertainties in the macro economy may further affect consumer confidence and purchasing intentions.