DAY Latest Report

Key Financial Data

1. Dayforce's total operating revenue reached RMB465.2 million as of December 31, 2024, up 16.38% YoY, indicating significant improvement in the Company's operating revenue, possibly reflecting enhanced market demand or expanded market share.

2. With the launch of new products such as smart air purifiers and smart pet feeders, Dayforce may have attracted more customers, further driving the growth of operating revenue.

3. The expansion of the customer base is also evident, with the number of active customers increasing from 6,272 in 2023 to 6,657 in 2024, up 6.1%.

4. Despite the challenges in the economic environment, Dayforce demonstrated resilience in the enterprise services sector, with operating revenue still achieving growth.

Peer Comparison

1. Industry-wide analysis: In 2024, operating revenue of the industry as a whole generally increased, mainly affected by economic recovery and rising industry demand. For example, the operating revenue of Sinocera and Shanghai Construction Science & Technology Consulting increased by only 5.57% and 3.70%, respectively, showing that the industry as a whole is improving but with relatively smaller growth.

2. Peer evaluation analysis: Compared with other companies in the industry, Dayforce's YoY growth rate of total operating revenue is 16.38%, significantly higher than the industry average, indicating that the Company performs well in market competition, possibly with stronger market influence or more effective operating strategies.

Summary

In summary, Dayforce's operating revenue growth in 2024 was mainly driven by increased market demand, new product launches, and the expansion of the customer base. Despite the challenges in the overall economic environment, Dayforce still showed good resilience and competitive ability.

Opportunities

1. Further attracting more customers by continuing to launch new products can expand the market share.

2. Optimizing marketing strategies may further enhance the customer base and recurring revenue.

3. The overall industry trend is favorable, providing a conducive environment for Dayforce's continued growth.

Risks

1. Uncertainty in the overall economy and high interest rates may negatively affect consumer spending.

2. Intensified competition may lead to a loss of market share, affecting the growth of operating revenue.

3. Dependence on the launch of new products may affect the Company's overall performance if market response is unsatisfactory.