FNWB Latest Report

Financial Performance

Based on the provided financial data, First Northwest (stock code: FNWB) recorded a total operating revenue of RMB154.37 million as of December 31, 2024, up 37.16% from RMB11.266 million as of December 31, 2023. This significant growth reflects the company's success in meeting increased market demand or expanding its business.

Key Financial Data

1. Increase in Operating Revenue: The operating revenue in 2024 was RMB154.37 million, up 37.16% from the previous year, indicating strong market performance.

2. Substantial Growth in Insurance Business Revenue: The insurance business revenue in 2024 was RMB18.64 million, up nearly six times from RMB0.26 million in 2023, demonstrating the success of business expansion.

3. Improvement in EBIT: The EBIT in 2024 was RMB-75.57 million, although still negative, but improved from RMB-68.76 million in 2023, indicating progress in cost control and revenue enhancement.

4. Positive Impact of Market Environment Changes: The improvement in the industry or market environment may have contributed to the growth in the company's operating revenue.

Peer Comparison

1. Industry-wide Analysis: The overall performance of the industry in which First Northwest operates needs to be monitored. If the industry's overall operating revenue growth, it may further support FNWB's growth. Positive developments within the industry may provide FNWB with good market opportunities.

2. Peer Evaluation Analysis: Comparing the changes in operating revenue with other companies in the same industry, if similar growth trends are observed, it may indicate a general improvement in the industry, while FNWB's growth would be more pronounced, showcasing its competitive advantage.

Summary

First Northwest achieved significant growth in operating revenue in 2024, mainly benefiting from the expansion of its insurance business and the improvement in the market environment. Although the EBIT is still negative, it has improved from the previous year, indicating progress in cost control.

Opportunities

1. The continued expansion of the insurance business may provide the company with higher revenue growth potential.

2. With the enhancement of market demand, FNWB has the opportunity to further expand its market share.

3. Through optimizing product structure and improving production efficiency, the company can increase the utilization rate of its existing capacity, thus enhancing its overall profitability.

Risks

1. The current EBIT is still negative, and if it cannot be continuously improved, it may affect investor confidence.

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

3. Uncertainty in the market environment may affect the company's business development and profitability.