GDST Latest Report

Financial Performance of Goldenstone (GDST)

Based on the provided data, Goldenstone's total operating revenue in 2024 was -152,162 yuan, a 29.86% YoY increase from -216,804 yuan in 2023. However, the total operating revenue remains negative, indicating that the company has improved its revenue but its overall financial situation remains bleak.

Key Financial Data

1. Total Operating Revenue: -152,162 yuan in 2024, up 29.86% YoY.

2. Operating Expenses Special Items: -152,162 yuan in 2024, down 29.8% YoY, indicating the company's success in cost control.

3. Interest Income: -211,618 yuan in 2024, a significant decrease from 9,836,27 yuan in 2023, possibly reflecting the rise in financing costs or reduced investment income.

4. Net Profit: 182,40 yuan in 2024, a significant decrease from the previous year, possibly related to the negative operating revenue and high interest expenses.

5. Net Cash Provided By Operating Activities: -12,757,58 yuan in 2024, further deteriorated from the previous year, indicating increased pressure on cash flow management.

Peer Comparison

1. Industry-wide Analysis: The current gold and jewelry industry faces challenges such as rising costs and volatile market demand, affecting most companies' operating revenue and profits. Although Goldenstone's total operating revenue has improved, it remains in the negative, reflecting the overall industry's downturn.

2. Peer Evaluation Analysis: Compared with other companies in the same industry, Goldenstone's performance in operating revenue, interest income, and net profit is poor, which may lead to a decline in its competitiveness. Further analysis of the financial performance of other companies in the same industry is needed to understand the overall market trend.

Conclusion

Goldenstone's financial performance in 2024 shows that its operating revenue has improved, but it remains in a loss state, and its cash flow and net profit have significantly decreased. Although the company has achieved certain success in cost control, the high-interest environment and rising financing costs have led to a decrease in interest income, negatively affecting its overall profitability.

Opportunities

1. If the gold business continues to expand and occupies a larger market share, it is expected to improve the revenue structure.

2. Strengthening cost control measures and improving gross margin can help improve overall profitability.

3. Exploring new markets or new business lines can diversify operating risks and enhance revenue sources.

Risks

1. Intensified industry competition may lead to further compression of market share.

2. High risks of macroeconomic fluctuations and gold price fluctuations may suppress terminal consumer demand.

3. Policy changes may affect the company's operations and financial performance.