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DEVS Latest Report

Earnings AnalystFriday, Jan 24, 2025 9:25 pm ET

2min read

DEVS --

Performance Review

Based on the provided data, DevvStream (stock code: DEVS) recorded an operating income total of -RMB13,725,250 in September 2024, an improvement from -RMB24,857,800 in the same period of 2023, with a year-on-year change of an increase of RMB11,122,555. Although the income remains negative, the narrowing of the decrease indicates that the company has made some progress in revenue.

Key Financial Data

1. Improved Operating Income: The reduction in operating income in 2024 is smaller than that in 2023, indicating the company's efforts in improving operating income.

2. Special Expense Control: The special item of operating expenses in 2024 is RMB13,725,250, a decrease from RMB24,857,800 in 2023, showing that the company has achieved certain results in cost control.

3. Improved Pre-Tax Profit: The pre-tax profit in 2024 is -RMB9,708,150, compared to -RMB16,161,080 in 2023, indicating an improvement in the company's operating efficiency.

4. Challenges in Continuing Operations: The special item of pre-tax continuing operating income in 2024 is RMB4,017,100, a decrease from RMB8,696,720 in 2023, indicating that the company faces certain challenges in continuing operations, but there are still signs of improvement overall.

Peer Comparison

1. Industry-wide Analysis: In the current economic environment, many technology companies face challenges in revenue decline. Although DevvStream's operating income is negative, the narrowing of the decrease may indicate that the company still maintains a certain market share in adversity.

2. Peer Evaluation Analysis: Compared with other companies in the same industry, DevvStream's operating income performance is relatively weak. However, many peer companies also face revenue pressure. Therefore, DevvStream's efforts in cost control and revenue improvement, although it has not yet achieved profitability, are still positive compared to its peers.

Summary

In summary, DevvStream's revenue is still in a loss state, but its improvement in operating income and the effectiveness of cost control show that the company is making efforts to seek breakthroughs in adversity. The future market performance still needs to be focused on the implementation effects of its new product releases and market expansion plans.

Opportunities

1. New Product Launch: DevvStream plans to launch multiple new products to expand its product portfolio and meet market demand.

2. Overseas Market Expansion: The company plans to increase its development of overseas markets, especially in e-commerce platforms, which may bring new sources of revenue.

3. Carbon Reduction Cooperation: The cooperation with SEER Company adds positive factors to the company's market prospects in the renewable energy sector.

Risks

1. Pressure on Continuing Operations: Despite revenue improvement, challenges in continuing operations may still affect the company's long-term development.

2. Macroeconomic Fluctuations: Macroeconomic changes may affect cultural consumption demand, leading to fluctuations in operating income.

3. Intensified Industry Competition: The competition pressure in the technology industry may affect DevvStream's market share and pricing ability.

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