PESI Latest Report

Performance of the Quarterly Report

PESI, Permafooks Environmental Services, faces a significant revenue decline in 2024, with total operating revenue of RMB14702000, a decrease of approximately 35.22% from RMB22719000 in 2023. This change indicates that the company is facing challenges in the market environment, which may be closely related to the weakening of market demand, customer loss, declining operational efficiency, and macroeconomic factors.

Key Data in the Financial Report

1. The total operating revenue in 2024 is RMB14702000, a significant decrease from RMB22719000 in 2023.

2. The revenue decline may be related to the weakening of market demand, customer loss, reduced projects, and operational efficiency issues.

3. The industry as a whole is affected by economic fluctuations and changes in environmental protection policies, leading to a general fluctuation in operating revenue.

Peer Comparison

1. Industry-wide analysis: The environmental services industry is affected by macroeconomic fluctuations and policy adjustments, with many companies facing a decline in operating revenue, indicating an uncertain industry-wide situation.

2. Peer evaluation analysis: Permafooks' revenue decline is significant, possibly reflecting its competitive disadvantage. In contrast, other peers may have adopted more effective market strategies to maintain relatively stable revenue levels.

Summary

Permafooks Environmental Services' operating revenue has significantly decreased, reflecting the company's challenges in weakening market demand, customer loss, and operational efficiency. Compared with the overall industry situation, its poor performance may be due to increased competition and the company's inability to effectively respond to changes.

Opportunities

1. The waterproof industry demand is expected to recover in 2024, which may enhance the company's revenue elasticity.

2. The company plans to increase the proportion of retail and engineering channels, which may bring new revenue growth points.

3. Permafooks is developing new processes to destroy PFAS, which may provide new opportunities for future business growth.

Risks

1. Market demand fluctuations may continue to affect the company's revenue sources.

2. Changes in industry policies may have a negative impact on the company's competitive market structure.

3. The risk of customer loss or project reduction still exists, which may lead to further revenue decline.