**"CMB.TECH Faces 49% Revenue Plunge: Navigating Challenges Amidst Fierce Competition and Economic Headwinds

Financial Performance

Based on the provided financial data, CMB.TECH's operating revenue in December 2024 was RMB305.397 million, a 48.96% YoY decrease from RMB595.771 million in 2023. This significant decline indicates the company is facing significant challenges in its operating revenue, which may affect its overall financial health.

Key Financial Data

1. CMB.TECH's operating revenue has significantly decreased, indicating the company is under significant pressure in the market competition.

2. The rapid expansion of competitors such as China Ocean Shipping Container Lines and Ming Yang Hydrogen in the hydrogen market has intensified industry competition.

3. The downward pressure of the macroeconomic environment, such as a decrease in sales revenue and depreciation of the yuan, may further affect the company's operating revenue.

4. Fluctuations in market demand, especially in an unstable economy, may lead to more operating pressures for the company.

Peer Comparison

1. Industry-wide analysis: The challenges faced by the industry as a whole may be reflected in the decrease in operating revenue. If the operating revenue of the entire industry generally declines, it indicates a poor industry environment, while the opposite may be due to the company's own problems.

2. Peer evaluation analysis: Compared with other companies in the same industry, CMB.TECH's operating revenue decline is significant, and further analysis of peer financial data is needed to determine whether it is a shrinking industry or a unique operating problem for the company.

Summary

CMB.TECH's operating revenue has significantly decreased in 2024, facing challenges such as reduced market demand, intensified competition, and unfavorable macroeconomic factors. The company needs to carefully analyze its internal operations and market strategies to address the current financial pressure.

Opportunities

1. If the company can adjust its sales strategy to respond to changes in market demand, it may help boost operating revenue.

2. Through the development of new products or the enhancement of the competitiveness of existing products, the company may gain an advantage in competition.

3. Continuous monitoring and analysis of macroeconomic trends can help the company seize market opportunities.

Risks

1. Continued intensification of market competition may lead to further loss of market share for the company.

2. Uncertainty in the macroeconomic environment may lead to a decrease in consumer spending, hindering the recovery of operating revenue.

3. If the company fails to adjust its operating strategy in time, it may face the risk of a continuous decline in operating revenue.