COLD Latest Report

Performance Review

Americold Realty (Ticker: COLD) reported a total operating revenue of RMB666,435,000 as of December 31, 2024, a 1.26% YoY decrease from RMB679,291,000 as of December 31, 2023. This change reflects the company's pressure in revenue, possibly related to market conditions, operational efficiency, or cost control. Although sales costs have decreased, the overall revenue has not significantly improved, indicating that the company may need to reevaluate its revenue structure and market strategy.

Key Financial Data

1. The total operating revenue in 2024 was RMB666,435,000, a 1.26% YoY decrease.

2. Sales costs in 2024 were RMB455,245,000, a decrease from RMB469,456,000 in 2023.

3. Special items in operating expenses in 2024 were RMB63,317,000, a significant decrease from RMB252,294,000 in 2023.

Industry Comparison

1. Overall industry analysis: The cold storage logistics industry as a whole faces challenges such as rising transportation costs, fluctuating market demand, and changes in environmental policies, leading to a decrease in the operating revenue of multiple companies. Although Americold Realty's revenue decline is relatively small, it still needs to be compared with the revenue changes of other companies in the industry to understand the overall industry trend.

2. Peer evaluation analysis: Americold Realty's total operating revenue decline in the industry is relatively small, showing relative stability. However, if other peers show stronger revenue growth, it may indicate that Americold is at a disadvantage in the competition, especially in terms of customer acquisition and retention.

Summary

Americold Realty's revenue decline in 2024 is mainly affected by multiple factors such as market demand, intensified competition, and rising costs. Although the company has improved cost control, the overall revenue decline still needs attention, especially under the pressure faced by the industry as a whole.

Opportunities

1. With the continuous growth of the cold storage logistics market, Americold can seize market opportunities by improving service quality and optimizing operational efficiency.

2. The increasing demand for efficient, safe, and intelligent cold storage logistics systems in the industry may provide new business growth points for Americold.

3. With the changes in cold storage demand, the company can innovate its business models and technology applications to enhance its competitiveness.

Risks

1. Fluctuating market demand may lead to revenue instability.

2. Intensified competition may affect market share and, in turn, profitability.

3. The cold storage logistics industry faces high cost pressures, and the company needs to continuously strive to reduce operating costs to maintain profitability levels.