NBR Latest Report

Performance of the Quarterly Report

NBR's total operating revenue in 2024 was US$738,647,000, a slight increase of 0.11% from 2023. Despite the stable revenue, a significant loss of US$32,869,000 was recorded, indicating major challenges in the company's profitability.

Key Data in the Quarterly Report

1. Operating revenue slightly increased to US$738,647,000, reflecting weak sales growth.

2. Net profit turned to a loss of US$32,869,000 from US$3,857,000 in 2023, showing a significant decline in profitability.

3. Sales costs rose to US$433,404,000, leading to a decline in gross profit.

4. R&D expenses increased to US$14,434,000, adding to short-term cost burdens.

5. Interest expenses rose to US$53,642,000, further affecting net profit.

6. Special items operating expenses increased significantly to US$37,021,000, directly weakening profitability.

Peer Comparison

1. Industry-wide analysis: In the current economic environment, many industrial companies face rising costs and supply chain issues, with overall operating revenue growth lagging. NBR's slight growth indicates insufficient market competitiveness, which may affect future development.

2. Peer evaluation analysis: NBR's operating revenue growth rate is significantly lower than the industry average, and its net profit has turned to a loss, showing the company's disadvantages in profitability and cost control, which may cause investor concerns.

Summary

NBR faced a double challenge of weak revenue growth and significant losses in 2024. Although operating revenue grew slightly, the sharp loss in net profit reflected major problems in cost control and profitability. The overall economic environment in the industry also poses pressure on the company's future development.

Opportunities

1. Improve the efficiency of R&D investment to promote the commercialization of new products and enhance competitiveness.

2. Optimize cost structure, especially strict control of sales costs and special expenses.

3. Explore new markets or new customers to seek opportunities for revenue diversification.

Risks

1. Weak demand for nitrile rubber may lead to further revenue decline.

2. Rising production costs and volatile raw material prices may exacerbate losses.

3. Intense competition may affect the company's positioning and market share in customers' minds.

4. Industry-wide capital expenditure restrictions may lead to a decline in demand, further affecting company performance.