EFSH Latest Report

Performance in the Current Financial Report

1847 Holdings (stock code: EFSH) achieved a significant increase in its operating revenue from RMB2532660 million (approx. US$253.3 million) on December 31, 2023 to RMB3319533 million (approx. US$332.3 million) on December 31, 2024. This growth reflects the company's positive results in sales and market expansion, indicating its progress in the competitive market.

Key Data in the Financial Report

1. The operating revenue in 2024 grew by 31.06% year-on-year, showing a strong growth momentum.

2. The introduction of new products and services, especially the revenue growth of CMD Inc. and the 40% annual growth rate of Wolo Manufacturing subsidiary, became important driving forces for the performance improvement.

3. The company optimized its market promotion strategy by improving product quality and services, enhancing customer experience, and increasing customer conversion rate.

4. The overall recovery of the industry and the increasing demand for electrical, electronic, and electronic products provided support for the company's revenue growth.

5. Through the implementation of the "Home Renewal" action, the company expanded its customer base and significantly improved customer satisfaction and market penetration.

Peer Comparison

1. Industry-wide analysis: In 2024, the industry as a whole experienced a certain degree of recovery, driving the growth of operating revenue. With the recovery of the economy and the implementation of infrastructure projects, the social electricity demand and related product market demand continued to grow, and the competition within the industry also intensified.

2. Peer evaluation analysis: 1847 Holdings' operating revenue growth was significant, showing its competitiveness and growth potential in the market. If other companies in the same industry also achieve similar growth, it may indicate the overall improvement of the industry; if other companies struggle, it means that 1847 Holdings is performing well in the market.

Summary

1847 Holdings' performance growth in 2024 is mainly attributed to the rising market demand, optimized sales strategies, and expanded customer base. The company's new product launches and improved market promotion strategies also supported the significant revenue growth.

Opportunities

1. The continuous launch of new products and services may bring higher market share.

2. With the industry recovery, 1847 Holdings can further expand its market share.

3. By enhancing customer experience and satisfaction, the company is expected to strengthen customer loyalty and drive long-term revenue growth.

Risks

1. Intensified competition within the industry may lead to price wars, affecting profit margins.

2. If market demand growth slows down, the company may face pressure on revenue growth.

3. Economic fluctuations may affect consumer spending, negatively impacting the company's sales.