QRHC Latest Report

Financial Performance

Based on the provided data, Quest Resource (stock code: QRHC) recorded a total operating revenue of RMB699,700,012 as of December 31, 2024, up 0.18% from RMB693,415,777 as of December 31, 2023. This modest year-on-year growth indicates a lack of momentum in revenue growth. Overall, factors such as market demand fluctuations, cost increases, special expenses, and increased interest expenses put pressure on the company's financial performance.

Key Financial Data

1. The company's total operating revenue in 2024 was RMB699,700,012, up 0.18% year-on-year, indicating a lack of revenue growth.

2. The sales cost in 2024 was RMB592,434,411, up from RMB578,413,398 in 2023, indicating cost pressure faced by the company.

3. Special expenses in 2024 amounted to RMB55,110,000, affecting the company's overall financial situation.

4. Interest expenses increased to RMB25,044,469, up from RMB23,217,893 in 2023, increasing financing costs.

Industry Comparison

1. Industry-wide analysis: In the current economic environment, the industry faces challenges such as cost increases and sluggish market demand, with overall revenue growth affected by supply chain issues and rising raw material prices, resulting in slower growth.

2. Peer evaluation analysis: Compared to other companies in the industry, QRHC's revenue growth is modest, reflecting its competitive disadvantage. Other companies like Guanglian Aviation saw a 7.29% decrease in revenue in 2024, while Aerospace Rainbow grew by 10.22%, showing differentiation within the industry.

Summary

In summary, Quest Resource's financial performance in 2024 is constrained by multiple factors, particularly the profit pressure caused by market demand fluctuations and cost increases. Although the company recorded revenue growth, the growth was modest and faced intense competition and cost challenges.

Opportunities

1. The company can enhance its resource reserves through mergers and acquisitions of gold and copper projects to promote performance growth.

2. The continuous growth of the copper and gold segment may bring new revenue growth points.

3. If the company can effectively control costs, it may improve its profitability in future financial performances.

Risks

1. Changes in industry policies may have a significant impact on operating performance.

2. Fluctuations in the prices of gold and other products will significantly affect the company's profitability.

3. Safety production risks may lead to operational disruptions, affecting overall performance.