CCRD Latest Report

Financial Performance

CoreCard's total operating revenue as of December 31, 2024 was RMB148.23 million, up 22% from RMB121.57 million as of December 31, 2023. This significant growth indicates a good performance in the past year, possibly related to the improvement in market demand and the company's product innovation.

Key Financial Data

1. CoreCard's revenue growth rate of 22% shows its strong performance in the market.

2. In 2024, CoreCard launched several new products, including professional audio and video conference tablets, conference room series products, and smart meeting terminal products, enhancing its product line diversity.

3. The adjusted EPS in the first quarter of 2024 was US$0.07, although it fell short of the US$0.15 in the same period last year, but it exceeded market expectations, showing a certain profitability.

4. The total revenue in the third quarter of 2024 was US$15.703 million, up 17% year-on-year, indicating that the company still maintained a growth trend in the second half of the year.

5. The smart card substrate industry where CoreCard is located is expected to see development opportunities in 2024, which will help the company's revenue growth.

Peer Comparison

1. Industry-wide analysis: The overall revenue of the smart card substrate industry in 2024 generally increased, driven by economic recovery and increased market demand. This provides a good external environment for CoreCard, promoting its revenue growth.

2. Peer evaluation analysis: Compared with other companies in the industry, CoreCard's 22% revenue growth rate is outstanding, showing its strong market competitiveness and operational capabilities. Other competitors like Truking face pressure in revenue decline, which further highlights CoreCard's advantageous position.

Conclusion

In summary, CoreCard achieved significant revenue growth in 2024, mainly due to the increase in market demand, product innovation, and effective implementation of the company's strategies. Meanwhile, the overall good development of the industry also supported it.

Opportunities

1. The launch of new products will further enhance CoreCard's market competitiveness and attract more customers.

2. The overall positive industry trend is expected to bring more market opportunities, especially in the application expansion of the smart card substrate field.

3. With the improvement of the economic environment, consumers' purchasing power will increase, and the company is likely to continue to benefit from this.

Risks

1. Poor performance from competitors may affect the overall market confidence, leading to fluctuations in market share.

2. Changes in market demand or a deteriorating economic environment may put pressure on CoreCard's revenue growth.

3. If the market feedback on new products is unsatisfactory, it may lead to the failure to achieve expected profits, affecting the company's profitability.