NYMT Latest Report

Performance of the Quarterly Report

Based on the provided data, NYMT's total operating revenue as of December 31, 2024 was -49.98 million yuan, a YoY decrease of 91.30% from 574.84 million yuan as of December 31, 2023. This significant decline indicates a large negative growth in the Company's operating revenue in that year, reflecting significant challenges in its operations.

Key Data from the Quarterly Report

1. NYMT's negative growth in revenue in 2024 reflects the severe challenges it faces in its operations.

2. The decline in revenue may be attributed to changes in market conditions, adjustments in business strategies, increased competition, and customer loss, among others.

3. Although the overall performance of the mortgage trust industry is positive, NYMT's performance stands out relatively, which requires in-depth analysis of its specific reasons.

Peer Comparison

1. Industry-wide analysis: The mortgage trust industry as a whole is affected by changes in interest rates and the economic cycle. If the industry's overall revenue decreases, it may be due to the general deterioration of the market environment, rather than a problem of individual companies. The trust asset scale of the mortgage trust industry reached RMB2.7 trillion in 2024, showing significant achievements in returning to its essence and serving the real economy, but NYMT's negative revenue performance is inconsistent with the overall industry trend.

2. Peer evaluation analysis: If the operating revenues of other companies in the industry also decline, it indicates that the industry as a whole faces challenges; if other companies perform well, NYMT's operating problems may be more pronounced, requiring in-depth analysis of its specific reasons.

Summary

NYMT's revenue in 2024 decreased significantly, mainly due to uncertainties in market demand, changes in the macroeconomic environment, and internal strategic adjustments. Although the overall performance of the mortgage trust industry is positive, NYMT failed to benefit from it, indicating its specific operating difficulties.

Opportunities

1. NYMT has the opportunity to improve its financial situation through portfolio restructuring and optimized asset allocation.

2. The growth of standard products in the industry provides NYMT with an opportunity to transform, strengthening its market position.

3. If the macroeconomic environment improves and interest rates stabilize, NYMT's business may regain growth.

Risks

1. The uncertainty of the macroeconomic environment may continue to affect NYMT's performance.

2. The continued decline in demand for mortgage-backed securities and real estate trusts may lead to further revenue decreases.

3. Increased competition may cause NYMT to lose market share, further affecting its financial performance.

4. The instability of the macroeconomic and political environment, such as international trade frictions, may affect the Company's business.