RELL Latest Report

Key Financial Data

Richardson Electronics (RELL) recorded a total operating revenue of RMB49,491,000 as of November 30, 2024. While specific YoY data is not provided, based on other financial data and market conditions, it can be inferred that the company's operating conditions are affected by various factors. Overall, changes in total operating revenue are crucial for the company's profitability and cash flow status.

1. The cumulative revenue for the first six months of fiscal 2025 was US$103 million, up 6.73% YoY.

2. The revenue in Q2 2024 was US$5.238 million, down 25.6% YoY.

3. The net sales in Q1 2024 were US$5.37 million, up 2.2% YoY.

4. The company's operating revenue in the third quarter of 2024 was US$149 million, with a net profit of US$180,000.

Peer Comparison

1. Industry-wide analysis: The electronics industry shows a growth trend, especially driven by technology and innovation. In 2024, the demand for electronics showed a transition from cyclical recovery to growth and innovation, but faced challenges such as rising raw material costs and supply chain issues. The overall electronics industry rose by 19.30% in 2024.

2. Peer evaluation analysis: Compared with the operating revenue performance of its industry peers, the total operating revenue of Richardson Electronics fluctuated in some periods. For example, many peer companies' operating revenues declined, with an average decline of 13.57%. This indicates that Richardson Electronics is relatively disadvantaged in the market competition, but its growth in some quarters shows its competitiveness in specific market segments.

Summary

The fluctuation in Richardson Electronics' total operating revenue reflects changes in market demand, intensified competition, and possible adjustments in product pricing strategies. Although it achieved growth in some quarters, its overall performance is affected by the industry-wide decline, and its gross margin is suppressed by an inadequate product mix and manufacturing capacity.

Opportunities

1. Take advantage of the industry recovery to launch new products to attract more customers and drive revenue growth.

2. Adjust product pricing strategies to meet changing market demands and improve gross margin.

3. Strengthen supply chain management to reduce raw material costs and improve overall profitability.

Risks

1. The industry-wide decline in operating revenue may continue to affect Richardson Electronics' market performance.

2. An inadequate product mix and manufacturing capacity may lead to increased sales pressure.

3. Competitors launching more attractive products may further erode market share.