CALX Latest Report

Financial Performance

Calix faces a significant decline in operating revenue in 2024, with a total operating revenue of RMB206124000 as of December 31, 2024, down approximately 22.06% from RMB264734000 in 2023. This change not only reflects the company's challenges in sales, but may also have a profound impact on its overall financial health.

Key Financial Data

1. Operating revenue in 2024 is RMB206124000, down 22.06% YoY.

2. Net profit loss reflects the direct impact of declining operating revenue on profitability.

3. Cumulative revenue in the first three quarters of 2024 is US$625 million, down 19.29% YoY, mainly affected by weakened market demand and insufficient sales strategies.

4. Sales and management expenses have grown significantly, failing to cut costs in line with revenue decline, further squeezing profit margins.

5. The overall demand in the industry is slowing down, especially in the drone and smart defense equipment sectors.

Peer Comparison

1. Industry-wide analysis: Several companies in the industry have also experienced a decline in operating revenue, indicating that the entire industry is affected by economic slowdown, insufficient demand, and supply chain issues. For example, Calix's revenue decline is significant, possibly reflecting its market share erosion.

2. Peer evaluation analysis: Calix's operating revenue decline is more pronounced than that of other companies in the industry, possibly indicating its lack of competitiveness in the market. This requires a deep analysis of its market positioning and competition strategy.

Summary

Calix's significant decline in operating revenue in 2024 reflects the weak market demand and internal management challenges. The company needs to reassess its market strategy, improve sales operations, and control costs to restore profitability.

Opportunities

1. By launching updated versions of its broadband platform, Calix has the opportunity to enhance service efficiency and adapt to market demand changes.

2. Strengthening R&D and innovation to support long-term market competitiveness and product optimization.

3. Seizing market opportunities brought by the trend of manufacturing's high-end, intelligent, and green transformation during the economic transition.

Risks

1. Continued weak market demand may further affect operating revenue, leading to greater financial pressure.

2. Competitors' relatively good performance may cause Calix to lose its market share.

3. Uncertainties in the global economy and geopolitical risks may affect the company's operations and costs.