ONBPP Latest Report

Performance of the Quarterly Report

Based on the financial data provided, Old National's Preferred Stock A (stock code: ONBPP) had a total operating revenue of RMB489,460,000 as of December 31, 2024, up 5.50% from RMB464,502,000 as of December 31, 2023. This growth reflects the company's positive performance in terms of operating revenue.

Key Data in the Financial Report

1. Old National's total operating revenue in 2024 was RMB489,946,000, up 5.50% from RMB464,502,000 in 2023. This growth indicates a significant improvement in the company's revenue generation, possibly related to business expansion, increased market demand, or successful implementation of product sales strategies.

2. Increased market demand: The company may have experienced stronger market demand in its core business areas, driving revenue growth.

3. Business expansion: Old National may have expanded its business or launched new products in 2024, attracting more customers and increasing sales.

4. Optimized marketing strategies: The company may have implemented more effective marketing strategies, improving market penetration and customer acquisition capabilities.

5. Improved economic environment: The improvement in the macroeconomic environment may have promoted consumer spending, driving the company's revenue growth.

Peer Comparison

1. Industry-wide analysis: In the financial services industry, overall revenue growth is driven by rising interest rates, increased loan demand, and the expansion of asset management businesses. The industry generally benefits from economic recovery and the improvement in consumer confidence, which may provide a favorable external environment for Old National's revenue growth.

2. Peer evaluation analysis: Compared to other financial institutions in the industry, Old National's 5.50% revenue growth rate indicates strong competitiveness in the market. If the revenue growth rates of other companies in the industry are generally lower than this level, Old National's performance will be more outstanding.

Summary

Old National's revenue growth in 2024 was mainly driven by the improvement in market demand, business expansion, and more effective marketing strategies. In addition, the improvement in the macroeconomic environment also supported the company's revenue growth. These factors collectively contributed to the company's good performance in terms of revenue.

Opportunities

1. Continue to promote financial support for small and medium-sized enterprises, further enhance market share.

2. Leverage the application of financial technology to enhance service convenience and meet diversified financial needs.

3. Continuously optimize the structure of deposit products to attract more customers and enhance customer loyalty.

4. Leverage government policy support to further expand financial services related to the data industry.

Risks

1. Uncertainty in the macroeconomic environment, such as insufficient domestic demand and low investment, may affect future revenue growth.

2. Intense financial market competition may put pressure on Old National's market share and profit margins.

3. Policy changes may affect the company's operating strategies and profit models, requiring vigilance.

4. The rapid development of financial technology requires the company to innovate continuously. Failure to keep up with industry changes may result in the loss of competitive advantage.