BYON Latest Report

Performance of the Current Financial Report

As of December 31, 2024, Beyond (stock code: BYON) had a total operating revenue of USD 303,151,000, a significant decrease from USD 384,458,000 as of December 31, 2023. The operating revenue in 2024 decreased by approximately 21.14% year-on-year, reflecting the company's challenges in revenue generation, possibly due to weakened market demand, increased competition, or decreased internal operational efficiency.

Key Data in the Financial Report

1. Beyond's total operating revenue in 2024 was USD 303,151,000, a 21.14% decrease from USD 384,458,000 in 2023.

2. The main reasons for the decrease include the continuous decline in demand for musical instruments, increased fixed cost allocation due to decreased production capacity, and increased economic compensation during the layoff process.

3. In the industry, competition intensified, and some companies were affected by personnel adjustments and unstable demand, limiting their market performance.

4. The macroeconomic situation affected operating revenue, especially infrastructure investment affected by funding constraints, which may lead to the suspension of related projects.

Peer Comparison

1. Industry-wide analysis: Overall, the industry Beyond is in experienced significant challenges in 2024, leading to fluctuations in the operating revenue of most companies. In contrast, the operating revenue of companies such as Xinlei Yingmao and Bohai Data increased, reflecting the differences in market demand.

2. Peer evaluation analysis: Compared to other companies in the same industry, Beyond's operating revenue decreased significantly. If other companies in the same industry maintain stable or growth in operating revenue, Beyond's business performance would be even less ideal.

Summary

Beyond's operating revenue significantly decreased in 2024, mainly affected by weak market demand, increased competition, and internal operational issues. Compared to peers, the company's performance is not ideal, and it needs to pay attention to the overall industry trend and macroeconomic changes affecting its future development.

Opportunities

1. With the gradual recovery of market demand, the company can explore new sales opportunities by optimizing its product line and market strategy.

2. Strengthen R&D investment, develop new technologies and products to enhance market competitiveness and customer appeal.

3. Adapt to the infrastructure construction demand brought by the improvement of the macroeconomic situation and actively participate in related projects to enhance operating revenue.

Risks

1. If the demand for musical instruments continues to be low, it may further compress the company's revenue space.

2. Intensified industry competition may lead to price wars, affecting the company's profit margin.

3. Macroeconomic uncertainties and funding constraints may affect the company's operations and expansion plans.