HVT.A Latest Report
1min read Financial Performance
HVT.A's financial data in 2024 indicates a total operating revenue of USD184,353,000, a 12.52% decrease from USD210,744,000 in 2023. This change reflects significant challenges faced by the company in terms of operating revenue, possibly affected by increased competition and changes in consumer demand.
Key Financial Data
1. Operating revenue decreased to USD184,353,000, a decrease of USD26,391,000 year-on-year, indicating a weakened revenue generation capacity.
2. Revenue in Q3 2024 was USD175.9 million, a YoY decrease of 20.2%; cumulative revenue in the first three quarters was USD539 million, a YoY decrease of 17.32%.
3. Net profit in Q3 2024 was USD4.928 million, a YoY decrease of 71.54%.
4. The gross margin slightly decreased to 60.2%, but selling and general administrative expenses were reduced, accounting for approximately 57.4% of sales.
5. Although marketing expenses decreased from USD11,470,600 to USD10,582,600, this may affect brand promotion.
Peer Comparison
1. Industry-wide analysis: The furniture industry as a whole faces a slowdown in sales, especially in the context of increased economic uncertainty, with consumers becoming more cautious about spending on big-ticket items, resulting in a weak overall market.
2. Peer evaluation analysis: Compared to other companies in the same industry, HVT.A's revenue decline is significant, indicating that it is at a disadvantage in the competition, with its market share possibly eroded.
Summary
HVT.A faces multiple challenges in 2024, with a significant decline in operating revenue and net profit, indicating its disadvantage in the competition and changes in consumer demand. Although some adjustments have been made, the overall market environment and economic factors limit the company's growth potential.
Opportunities
1. HVT can leverage market gaps in its plan to open new stores to enhance market share.
2. By improving in-store customer experience and personalized services, it can attract more consumers.
3. The launch of a trade-in subsidy policy may stimulate consumer purchasing intent and drive sales growth.
Risks
1. Increased competition and declining demand will continue to suppress revenue and profit growth.
2. Macroeconomic uncertainty may further affect consumer spending capacity.
3. Poor inventory management may lead to liquidity issues, affecting the company's operational efficiency.