HRZN Latest Report

DataVisWednesday, Mar 5, 2025 5:19 am ET

1min read

Financial Performance

Horizon Technology (stock code: HRZN) recorded a total operating revenue of RMB107.93 million as of December 31, 2024, a 32.5% YoY decrease from RMB159.59 million as of December 31, 2023. This significant decline indicates the company is facing severe challenges in revenue generation, which may affect its overall profitability.

Key Financial Data

1. Decline in Operating Revenue: The operating revenue in 2024 was RMB107.93 million, a 32.5% YoY decrease, indicating severe pressure on the company's revenue.

2. Changes in Market Demand: Although overall market demand is under pressure, certain sectors such as textiles and apparel industries performed positively, which may have affected Horizon Technology's demand.

3. Intensified Competition: Compared with other companies in the same industry, HRZN's operating revenue decreased significantly, reflecting its disadvantages in market competition.

Peer Comparison

1. Industry-wide Analysis: In the technology industry, overall operating revenue may be affected by macroeconomic fluctuations and industry characteristics. If the industry's overall operating revenue decreases, HRZN's revenue reduction may be a general phenomenon in the industry; if the industry grows while HRZN's revenue decreases, it indicates that the company may have internal issues.

2. Peer Evaluation Analysis: Giantstar Technology is expected to see a YoY growth of 35.0%-50.0% in its net profit attributable to parent in 2024, showing its strong performance in the market; while HRZN's revenue decrease indicates its disadvantages in competition, which needs to be compared with the changes in peers' revenue to assess HRZN's relative position in the industry.

Summary

Horizon Technology's financial performance in 2024 shows a significant revenue decline, which may be affected by changes in market demand, intensified competition, product issues, macroeconomic factors, and internal management issues. Although there are certain industries with stable external demand, overall, the challenges faced by the company cannot be ignored.

Opportunities

1. The launch of AI and smart home products may bring new market opportunities for the company, especially under the growing trend of digitalization and intelligence.

2. The fiscal policy support in 2024 for the technology industry may provide new growth momentum for the company.

3. The stable external demand in certain sectors such as textiles and apparel may bring additional revenue opportunities for hrzn.

Risks

1. Intensified competition may lead to a decrease in market share, which may further affect the company's profitability.

2. Uncertainty in the macroeconomy may affect customers' spending decisions, which in turn affects the company's revenue.

3. Internal management issues may lead to a decrease in sales efficiency, increasing operating costs and further compressing profit margins.

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.