HTLD Latest Report

Performance of the Quarterly Report

At December 31, 2024, Hartland Express (HTLD) had a total operating revenue of RMB242,576,000, down 11.9% from RMB275,347,000 in 2023. This change indicates a general downward trend in the company's operating revenue over the past year, which may affect its profitability and market confidence.

Key Data in the Financial Report

1. A 11.9% decrease in operating revenue reflects the impact of intensified competition, unfavorable macroeconomic environment, and rising operating costs.

2. The company reported a net loss of US$3.5 million and a basic loss per share of US$0.04, suggesting challenges in retaining customers.

3. Although the demand for express delivery services grew in 2024, Hartland Express failed to effectively capture market opportunities, leading to a decline in revenue.

Peer Comparison

1. Industry-wide analysis: The overall revenue of the express delivery industry in 2024 was affected by the macroeconomic environment and intensified competition, with many companies facing pressure on revenue. It is expected that the overall growth rate of the industry will slow down in the next year, with some companies experiencing negative growth.

2. Peer evaluation analysis: Compared with other express delivery companies in the industry, Hartland Express' revenue decline was significant, while many of its competitors achieved revenue growth during the same period, possibly due to their advantages in marketing, service innovation, or cost control. Therefore, HTLD's competitive position in the industry may be challenged.

Summary

Hartland Express' operating revenue significantly decreased in 2024, reflecting the challenges of intensified competition and a poor macroeconomic environment. Although the industry's overall demand showed some resilience, the company failed to effectively respond to market changes, leading to a revenue decline and net loss. These issues may further affect the company's future development.

Opportunities

1. With the continued growth in market demand, Hartland Express can capture potential customers by optimizing services and market strategies.

2. The company can consider improving service quality and customer experience to increase customer retention.

3. Compared with competitors, Hartland Express can enhance market competitiveness through cost control and efficiency improvement.

Risks

1. The uncertainty of the macroeconomic environment may continue to affect consumer spending and express delivery demand, further suppressing revenue.

2. The risk of continued customer loss may lead to a further shrinkage of market share.

3. Intensified industry competition may force the company to adopt a price war strategy, further affecting profitability.