LMNR Latest Report

Performance of the Current Report

As of January 31, 2025, Limoneira (stock code: LMNR) had a total operating revenue of RMB34305000, down 13.66% from RMB39731000 as of January 31, 2024. This change reflects the challenges faced by the company in terms of operating revenue.

Key Data in the Financial Report

1. The operating revenue decreased from RMB39731000 in 2024 to RMB34305000 in 2025, a decrease of RMB5416000, or about 13.66%. This decline indicates that the company may have faced some difficulties in sales, which could have affected its overall financial performance.

2. The agricultural business revenue in the first quarter of 2025 was US$32.852 million, down 14.3% from US$38.339 million in the same period of 2024. This was mainly due to the decrease in agricultural business revenue from lemons, specialty citrus, and wine. Although the agricultural business revenue from oranges increased, it was not enough to offset the decline in other products.

3. External economic factors such as economic slowdown, declining consumer confidence, and policy regulation may further suppress sales revenue.

Peer Comparison

1. Industry-wide analysis: In 2025, the overall agricultural or citrus fruit industry's operating revenue may be affected by factors such as climate change and fluctuating market demand, leading to a decrease in overall sales revenue.

2. Peer evaluation analysis: Compared with other companies in the same industry, Limoneira's operating revenue decreased significantly, which may reflect its disadvantages in the market competition. Some companies in the industry showed growth in the sales of high-value products (such as avocados), while Limoneira failed to meet expectations in the sales of lemons and other products.

Summary

Limoneira's operating revenue decreased significantly in 2025 mainly due to the decrease in agricultural business revenue, intensified market competition, and external economic environment. The company needs to take effective measures to cope with market challenges to improve its financial performance.

Opportunities

1. In the context of growing demand for citrus fruits, Limoneira can seize market share by adjusting its product structure and launching more popular products.

2. The company can rely on other sources of revenue, such as water rights sales, to mitigate the impact of declining sales of its main products.

3. Adapt to market changes, strengthen the research and sales of high-value products, and improve overall revenue levels.

Risks

1. Continued decline in market demand may lead to further revenue decline.

2. Intensified competition increases the risk of price wars, affecting the company's profit margin.

3. Fluctuations in the external economic environment, such as economic slowdown and policy regulation, may continue to suppress consumer demand for high-end products.