PHI Latest Report

Performance Review

As of December 31, 2024, the total operating revenue of Philippine Long Distance Telephone (PHI) was Rmb55.891 billion, up 2.52% from Rmb54.597 billion in 2023. This growth reflects the company's relatively stable revenue over the past year despite facing some challenges.

Key Data in the Financial Report

1. The total operating revenue of PHI in 2024 was Rmb55.891 billion, up Rmb1.294 billion from Rmb54.597 billion in 2023, a YoY increase of 2.52%.

2. Factors such as the recovery of market demand, service innovation, product expansion, cost control, and changes in the competitive environment may have contributed to the revenue growth.

3. Although operating expenses increased, effective control of other operating costs may have a positive impact on net profit.

4. Intensified competition within the industry prompts the company to innovate and optimize services to maintain its market share.

Peer Comparison

1. Industry-wide analysis: In the telecommunications industry, overall operating revenue is generally driven by economic recovery and digital transformation. Many companies achieved revenue growth in 2024. Intensified competition within the industry prompts companies to innovate and optimize services to maintain their market share.

2. Peer evaluation analysis: Compared with other companies in the same industry, PHI's revenue growth is not significant, but it still shows a certain resilience in the current economic environment. If other companies in the same industry have higher growth, it may indicate that PHI faces certain pressure in the market competition and needs to further strengthen its market strategy.

Summary

Overall, PHI achieved a slight increase in total operating revenue, reflecting the company's efforts in market demand recovery and service innovation. However, facing intensified industry competition and uncertain market environment, PHI needs to continue to optimize its market strategy to maintain its competitiveness.

Opportunities

1. Launching new products and services: PHI launched more than 30 new products and solutions in 2024, including distributed photovoltaic solutions, which may attract more users.

2. Potential recovery of market demand: With the gradual recovery of the economy, consumers and enterprises' demand for communication services is expected to further increase.

3. Industry policy support: The "Pipol Konek" project of the Philippine Department of Information and Communications Technology helps to promote market demand growth, which may bring more opportunities in the future.

Risks

1. Uncertainty in market demand: Uncertainty in the Philippine macroeconomy may lead to a decrease in overseas demand for communication products, affecting the company's revenue.

2. Intensified competition: The widespread adoption of new communication services and applications leads to intensified competition, requiring operators to innovate to maintain competitiveness.

3. Fluctuation in market share: PHI's market share may be affected by competitors, and it needs to pay attention to competition dynamics to maintain its market position.