HTB Latest Report

Financial Performance

Hometrust Bancshares recorded a significant increase in its total operating revenue of RMB514,480,000 as of December 31, 2024, up from RMB18,294,000 as of December 31, 2023, representing a year-on-year growth rate of 182.54%. This performance indicates a strong presence in the market competition and demonstrates the company's business expansion capabilities and increased market demand.

Key Financial Data

1. Hometrust Bancshares' total operating revenue grew by 182.54% year-on-year, reflecting the company's competitiveness in the market and its business expansion capabilities.

2. Interest income was RMB432,050,000, indicating a strong performance in the credit business, driving the growth of total operating revenue.

3. The customer growth rate reached 10.4%, reflecting the company's stable performance in customer retention and attraction.

4. The revenue from newly launched products such as smart home cameras and smart entry products grew by 68.97% year-on-year, contributing to the growth of operating revenue.

5. The overall economic environment improved, with increased credit demand, providing external support for the company's revenue growth.

Industry Comparison

1. Industry-wide analysis: The financial industry performed optimistically in 2024, with a total operating revenue growth of approximately 20% to 30%. Hometrust Bancshares' 182.54% growth rate is significantly higher than the industry average, reflecting its enhanced market competitiveness.

2. Peer comparison analysis: Compared to peers, Hometrust Bancshares' total operating revenue growth rate is far above the 10%-20% growth range of the industry, indicating its outstanding performance in the market, possibly related to its unique market positioning and effective operating strategies.

Summary

Hometrust Bancshares' financial performance in 2024 significantly outperformed its peers, with a strong growth in total operating revenue reflecting the company's competitiveness in the market and effective operating strategies. The increase in market demand, new product launches, and a favorable economic environment collectively contributed to the company's revenue growth.

Opportunities

1. Continue to expand its product line, particularly in the smart home and IoT sectors, leveraging the trend of growing market demand.

2. Strengthen customer relationship management to further enhance customer loyalty and transaction frequency, driving continuous growth in operating revenue.

3. Take advantage of the increased credit demand brought by economic recovery to expand credit business and enhance interest income.

4. Actively participate in green finance development, seize the opportunity of growing green loans, and further enhance market competitiveness.

Risks

1. Changes in the economic environment may affect consumer and corporate credit demand, which in turn may impact the company's operating revenue.

2. Intensified competition within the industry may lead to a loss of market share, affecting the company's growth potential.

3. The market acceptance of new products is uncertain, which may put pressure on expected operating revenue.

4. Policy changes may affect the overall operating environment of the financial industry, bringing potential risks.