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FMST Latest Report

Earnings AnalystTuesday, Feb 18, 2025 1:10 am ET

1min read

FMST --

Financial Performance

Based on the provided financial data, Foremost Clean (stock code: FMST) recorded a revenue of -2137771 yuan in 2024, a year-on-year decrease of approximately 118.27% from -979023 yuan in 2023. This negative value indicates a significant loss of revenue during the period, deteriorating operating conditions, reflecting weakened market demand, product or service issues, intense competition, macroeconomic factors, and increased management expenses.

Key Financial Data

1. Revenue: -2137771 yuan in 2024, a year-on-year decrease of 118.27% from -979023 yuan in 2023.

2. Management Expenses: 1798853 yuan in 2024, a significant increase from 672865 yuan in 2023.

3. Expected Net Profit: The mother's net profit is expected to grow by 75.81% to 110.40% year-on-year to RMB305 million to RMB365 million in 2024.

Industry Comparison

1. Overall Industry Analysis: The overall industry may face challenges in 2024, with many companies experiencing a decrease in revenue, reflecting the overall industry's weakness. Gradual improvement in market demand, especially in high-end applications, may have a positive impact on the company's long-term growth.

2. Peer Review Analysis: If Foremost Clean's revenue decline is greater than the industry average, it indicates weaker market competitiveness. However, if the industry generally faces revenue decline, it may be affected by external economic factors.

Summary

Overall, Foremost Clean's revenue has significantly decreased, while management expenses have increased significantly, leading to increased financial pressure. Although the expected net profit will grow, attention should be paid to the company's ability to cope with increased competition and changing market demand.

Opportunities

1. Gradual improvement in market demand, especially in high-end applications, can help the company's future net profit growth.

2. Steady expansion of the company's customer resources and increased market share in emerging industries may bring new opportunities.

3. The overall economic momentum of the industry can help improve the demand situation, which is conducive to the company's long-term development.

Risks

1. Continuous revenue losses may affect the company's cash flow and operating capabilities.

2. Intense competition may further erode the company's market share.

3. A significant increase in management expenses may lead to a decrease in profitability and increase financial risks.

Disclaimer: the above is a summary showing certain market information. AInvest is not responsible for any data errors, omissions or other information that may be displayed incorrectly as the data is derived from a third party source. Communications displaying market prices, data and other information available in this post are meant for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any security. Please do your own research when investing. All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk, it does not assure a profit, or protect against loss in a down market.