DQ Latest Report

Performance Review

As of December 31, 2024, Dajuan New Energy's total operating revenue was RMB195,359,000 (approx. US$19.5 million), a significant decrease compared to RMB476,298,000 (approx. US$47.6 million) as of December 31, 2023. This change reflects the company's severe challenges in terms of operating revenue.

Key Financial Data

1. The total operating revenue in 2024 was RMB195,359,000, a decrease of 58.92% YoY.

2. The operating revenue in the first half of 2024 was RMB45,837.85 million, a decrease of 50.84% YoY, and the net profit was RMB-67,016.21 million, indicating a deteriorating financial situation.

3. The total operating revenue in 2023 was RMB163,290.81 million, a decrease of 47.22% YoY, and the net profit decreased by 69.86%.

4. The main reasons for the decrease include cyclical adjustments in the photovoltaic industry and a decline in the price of upstream polysilicon.

5. The industry as a whole faces challenges such as market demand fluctuations, policy adjustments, and rising raw material prices.

Industry Comparison

1. Overall industry analysis: The new energy industry has faced challenges such as market demand fluctuations, policy adjustments, and rising raw material prices in the past year, affecting the operating revenues of many companies, especially small and medium-sized enterprises.

2. Peer evaluation analysis: Compared to other companies in the industry, Dajuan New Energy's operating revenue decline is significant, possibly reflecting its disadvantages in the competition. Other companies may have maintained relatively stable revenue levels through technological innovation, cost control, or market strategy adjustments.

Summary

Through the above analysis, Dajuan New Energy's operating revenue has significantly decreased in 2024, mainly affected by the decline in market demand, increased competition, production issues, and policy changes. The company's position and competitiveness in the market have weakened, and its financial situation has deteriorated. This indicates that the company is facing serious operating challenges and urgently needs effective measures to turn the situation around.

Opportunities

1. With the recovery of demand for energy storage batteries, Dajuan New Energy can seek investment opportunities in this field.

2. The strengthening of government support policies for the new energy industry may provide development opportunities for the company.

3. Through technological innovation and cost control, optimizing product structure, and improving market competitiveness.

Risks

1. Continued weak market demand may lead to further revenue declines.

2. Increased competition in the industry may trigger price wars, eroding profit margins.

3. Policy changes may affect the company's profit model and market competitiveness, especially the reduction of subsidies and economic incentives.

4. Fluctuations in raw material prices may lead to rising production costs and further squeezing profit margins.