BWPRA Latest Report

Performance of the Current Financial Report

Based on the provided financial data, Babcock & Wilcox's Class A Preferred Stock (stock code: BWPRA) had an operating total revenue of RMB66,276,000 as of December 31, 2024, compared to an operating total revenue of -44,872,000 as of December 31, 2023. This indicates a significant improvement in operating total revenue in 2024 compared to 2023, despite the negative value in 2023. Specifically, the operating total revenue in 2024 grew by 147.73% year-on-year (from negative to positive), showing a significant improvement in the company's revenue generation.

Key Financial Data

1. The operating total revenue in 2024 was RMB66,276,000, a significant rebound from the -44,872,000 in 2023, indicating a significant improvement in the company's market performance.

2. The sales cost in 2024 was RMB42,043,000, and the gross profit was RMB24,233,000, showing the company's effectiveness in cost control.

3. The net loss in 2023 was US$167 million, mainly due to high expenses from restructuring activities and the disposal of impaired assets, reflecting the financial pressure in 2023.

Industry Comparison

1. Overall industry analysis: With the global focus on clean energy and environmental technologies, companies in related industries generally show a growth trend in operating total revenue. Many of the company's peers also reported a rebound in revenue in 2024, indicating signs of industry-wide recovery.

2. Peer evaluation analysis: Compared to other companies in the industry, Babcock & Wilcox's operating total revenue growth is significant, especially after the negative revenue in 2023, making the rebound in 2024 more noteworthy. This suggests that the company may have gained a better market share or improved its product market acceptance in the competition.

Summary

Babcock & Wilcox's operating total revenue rebounded significantly in 2024, showing positive changes in the company's market demand recovery, business expansion, and cost control. The negative revenue in 2023 was mainly due to restructuring and high expenses. Therefore, the revenue growth in 2024 is not only the result of the improvement in the market environment but also the successful implementation of the company's internal management and strategy.

Opportunities

1. The fuel conversion project agreement signed in 2024 with a value of approximately US$246 million helps enhance the company's operating momentum.

2. The industry is expected to have more than US$9 billion in project opportunities, which may provide new sources of revenue for the company.

3. With the increase in front-end engineering design research, the company's future project execution and revenue growth are expected to be guaranteed.

Risks

1. Despite the revenue rebound in 2024, a year-on-year decrease in the first quarter indicates that market volatility may pose challenges to future revenue.

2. The company's restructuring activities may continue to increase expenses in the short term, affecting profits.

3. Intensified industry competition may put pressure on the company's market share and pricing ability.