DAWN Latest Report

Financial Performance in 2024

Day One (stock code: DAWN) achieved an operating revenue of RMB29208000 in 2024, a significant improvement from RMB-65332000 in 2023. This transformation indicates positive progress in the company's operations, marking the recovery and growth of operating revenue.

Key Financial Data

1. The operating revenue in 2024 was RMB29208000, turning positive from RMB-65332000 in 2023, reflecting the recovery of the company's business.

2. The sales cost was RMB2982000, with a gross profit of RMB26226000, showing that the company has effectively controlled costs.

3. The research and development expenses increased from RMB37348000 to RMB61823000, indicating a greater investment in technological innovation and product development.

4. The market environment in 2024 may be conducive to the company's development, with the overall recovery of the industry providing a good external condition.

Peer Comparison

1. Industry Overview: In 2024, the industry experienced a recovery, with many companies' operating revenues generally rebounding in the post-pandemic recovery phase, reflecting the healthy development of the industry.

2. Peer Evaluation: DAWN's operating revenue performance in 2024 was outstanding, especially after experiencing negative growth in 2023, demonstrating its strong recovery ability and market competitiveness.

Summary

Through the above analysis, it can be seen that DAWN achieved the recovery of operating revenue in 2024, reflecting a significant improvement in its operating status. The increase in R&D investment and changes in the market environment have laid a foundation for future growth.

Opportunities

1. New Product Launch: The launch of new products such as the Dragonfly III BT896X series chips in 2024 has enhanced the company's market competitiveness and helped attract more customers.

2. Industry Recovery: The overall recovery of the industry has provided more market opportunities for the company, which is expected to further enhance operating revenue.

3. Enhanced Market Share: Through the expansion of its own car scale and refined management, DAWN has maintained a certain level of competitiveness in the market and is expected to continue to expand its market share.

Risks

1. Competitive Pressure: Although DAWN performed well in 2024, the industry is highly competitive, which may affect its future profitability.

2. R&D Investment Risk: Although the increase in R&D expenses may bring innovation, if it fails to translate into sales, it may lead to financial pressure.

3. Industry Policy Impact: The implementation of fee reduction and other relevant regulations in 2024 may affect the company's sales and market liquidity.

Through the above analysis, investors can better understand DAWN's financial status and market opportunities and risks, thus making more informed investment decisions.