NVRI Latest Report

Performance of the Quarterly Report

As of December 31, 2024, Enviri (stock code: NVRI) had an operating total revenue of RMB558,708,000, a year-on-year decrease of 6.79% from RMB599,331,000 as of December 31, 2023. This change reflects the challenges the company faces in revenue, which may affect its overall profitability and market confidence.

Key Data in the Financial Report

1. The decrease in revenue is mainly due to the fluctuation in market demand and intensified competition, leading to a decrease in sales revenue.

2. The significant fluctuation in the market price of the company's main product PVC has a significant impact on revenue levels.

3. The gross margin decreased from 11.54% in 2023 to 8.75% in 2024, further affecting profitability.

4. The net profit was negative in the first half of 2024, down 212.95% year-on-year, closely related to the decrease in operating revenue and gross margin.

5. The company adjusted its product line, which may have a short-term impact on sales revenue but may help improve profitability in the long run.

Peer Comparison

1. Overall industry analysis: The overall industry's operating revenue is affected by economic fluctuations and market competition, with many companies facing challenges in revenue growth, reflecting the overall economic pressure in the industry.

2. Peer evaluation analysis: Compared with the operating total revenue of other companies in the same industry, Enviri's revenue decline is significant, which may indicate its lack of market competitiveness. Pay attention to the performance of companies in the same industry to assess Enviri's relative position in the market and its potential for recovery.

Summary

Enviri's revenue decline in 2024 reflects the impact of multiple factors such as market demand fluctuations, increased competition, and product price fluctuations. Meanwhile, the decrease in gross margin and negative net profit indicate significant pressure on its profitability. Although the company is adjusting its product line to respond to market changes, the short-term revenue fluctuations may still persist.

Opportunities

1. Enviri can respond to changes in market demand by improving product technology and market competitiveness.

2. The acceleration of digitization and intelligence in the industry provides new opportunities for innovation and high-end products.

3. Future investments in new energy batteries and high-frequency high-speed copper boards may bring new growth points.

Risks

1. Uncertainty in market demand may continue to affect the company's sales revenue.

2. Intensified competition in the industry may lead to price wars, compressing the margin space.

3. The adjustment of the product line may have a negative impact on revenue in the short term and requires careful management.