PEG Latest Report

Performance Review

At the end of 2024, PEG's total operating revenue was US$2.465 billion, a 5.38% decrease from US$2.605 billion in 2023. This change indicates that the company faces certain challenges in revenue, which may have a negative impact on its overall profitability and market performance.

Key Data in the Financial Report

1. PEG's total operating revenue decreased from US$2.605 billion in 2023 to US$2.465 billion in 2024, a decrease of 5.38%.

2. Sales costs increased from US$743 million in 2023 to US$765 million in 2024, an increase of 2.96%.

3. Operating expenses, special items increased to US$947 million, a 7.85% increase from US$878 million in 2023.

4. The overall revenue growth of the public service industry is weak, with many companies facing revenue challenges, reflecting the overall economic pressure in the industry.

Peer Comparison

1. Industry-wide analysis: The overall revenue of the public service industry in 2024 is expected to experience a structural adjustment due to the economic slowdown and market uncertainty, which will drag down the overall revenue level. According to relevant data, the added value of the public service industry in the first three quarters of 2024 was only 3.3% year-on-year, showing the general growth difficulties faced by the industry. [Source](http://ai.iwencai.com/searchapp/content.html#type=report_pdf&uid=a2ff7e44c9f5eb)

2. Peer evaluation analysis: PEG's total operating revenue decreased significantly, indicating its disadvantage in market competition. In contrast, other competitors may have maintained relatively stable revenue levels through more effective cost control and market strategies, further increasing PEG's market pressure. According to WIND's consensus forecast, PEG's comparable companies are expected to have a 2024 PEG of 0.67, showing the potential of its competitors in revenue growth. [Source](http://ai.iwencai.com/searchapp/content.html#type=report_pdf&uid=67dd98dad1ee9e49)

Summary

Overall, PEG faced significant revenue decline in 2024, mainly due to the combined effects of market demand fluctuations, increased competition, rising costs, and increased special expenses. Meanwhile, the overall economic pressure in the public service industry also increased its challenges in revenue growth. The competitors in the industry showed stronger market adaptability, further highlighting PEG's competitive disadvantage.

Opportunities

1. Optimize cost structure: PEG can optimize its cost structure further to improve operational efficiency and cope with market pressure.

2. Diversify service products: Expand service categories to meet diversified market demands and enhance market competitiveness.

3. Focus on policy changes: Pay close attention to changes in industry policies, actively participate in policy formulation, and enhance the flexibility of market access.

Risks

1. Uncertainty in market demand: Economic slowdown may lead to further shrinking of market demand, affecting PEG's revenue.

2. Intensified competition: Other companies in the industry may enhance their competitiveness through innovation and market strategies, further squeezing PEG's market share.

3. Policy risk: Policy changes may bring uncertainties, affecting the company's operations and revenue expectations.