INLX Latest Report
2min read Performance in the Current Financial Report
Intellinetics' total operating revenue reached RMB428,007,100 as of December 31, 2024, up 1.76% from RMB419,268,900 in 2023. This growth indicates that the company maintained a relatively stable growth trend in revenue despite facing challenges such as high sales and management expenses.
Key Financial Data
1. Operating revenue increased to RMB428,007,100, up from RMB419,268,900 in 2023, reflecting the company's achievement of certain sales growth in the market.
2. Sales costs slightly decreased, with sales costs at RMB1,463,622, down from RMB1,470,597, and gross profit increased to RMB2,816,449, showing the company's efforts in cost control.
3. Net cash provided by operating activities significantly increased to RMB3,858,160, up from RMB784,659 in the previous year, indicating significant progress in the company's operating efficiency and cash flow management.
4. Marketing, sales, and general and administrative expenses rose from RMB2,540,565 to RMB2,829,369, despite revenue growth, which may affect the growth of net profit.
5. Pre-tax profit was RMB-53,701, and EBIT was also negative, indicating that the company still faces pressure in profitability and needs to focus on profit improvement strategies in the future.
Peer Comparison
1. Industry-wide analysis: In the overall industry, many companies faced uncertainty in the economic environment in 2024, especially in the context of high inflation and rising interest rates, which may affect sales growth. The revenue growth of many enterprises in the industry was generally small, and Intellinetics' 1.76% growth can be viewed as a relatively stable performance in some sense.
2. Peer evaluation analysis: Compared with other companies in the same industry, Intellinetics' total operating revenue growth is at a medium level. Despite the pressure of high expenses, its relatively stable revenue performance and significant cash flow improvement make it competitive in the industry.
Summary
Intellinetics maintained a slight increase in its total operating revenue in 2024, showing some success in its sales and market strategies. However, the significant increase in management expenses and negative pre-tax profit indicate that the company still needs to focus on improving profitability. Overall, the company made progress in operating efficiency and cash flow management, but needs to be cautious about the potential impact of high expenses on net profit.
Opportunities
1. With the rise in SaaS market demand, intellinetics can further promote revenue growth by increasing its investment in marketing SaaS products.
2. The company's Yellow Folder SaaS solution in K-12 school districts has received good market feedback, and it can continue to focus on this niche market.
3. Improving cost control and efficiency management measures and learning from other companies' successful cost-cutting and efficiency-improvement strategies can help improve profitability.
Risks
1. High sales and management expenses may continue to affect the growth of net profit, and the expense structure needs to be closely monitored.
2. Uncertainty in the external economic environment (such as high inflation and rising interest rates) may negatively affect future sales growth.
3. Negative pre-tax profit and EBIT need the company to implement effective profit improvement strategies, or it may face increased financial pressure.
