RNW Latest Report

Performance of the Quarterly Report

Renew Energy Global's total operating revenue reached US$21.198 billion as of December 31, 2024, up 9.69% from US$19.29 billion in 2023. Although the company showed a certain growth in operating revenue, it still faced pressure of losses.

Key Data in the Financial Report

1. Sales costs significantly increased from US$1.012 billion in 2023 to US$2.575 billion in 2024, which may put pressure on gross profit.

2. Operating revenue increased from US$19.29 billion to US$21.198 billion, indicating improvement in market demand or product sales.

3. The company may benefit from the promotion of renewable energy policies and the increasing demand for clean energy.

4. The increase in marketing, sales, and general and administrative expenses from US$5.748 billion to US$6.049 billion was relatively smaller than the growth in operating revenue, indicating the company's efforts in controlling costs.

Peer Comparison

1. Industry-wide analysis: The renewable energy industry as a whole is facing the double benefits of policy support and market demand growth, and is expected to continue expanding the renewable energy market, driving the growth of corporate operating revenue.

2. Peer evaluation analysis: Renew Energy Global's operating revenue growth rate of 9.69% is at a medium level in the industry, although revenue has grown, the continuous improvement of profitability needs attention, especially in the context of increased sales costs and operating expenses.

Summary

Renew Energy Global achieved a 9.69% growth in operating revenue, showing a certain market competitiveness and sales ability. Although the increase in sales costs and management expenses put pressure on profitability, the company's gross margin and cost control have also improved, indicating its efforts to enhance operating efficiency in the changing market environment.

Opportunities

1. With the increasing global energy storage demand, Renew Energy Global's product portfolio advantage will help further boost sales.

2. The continuous support of renewable energy policies and the growth of market demand provide good development opportunities for the company.

3. Strategies to control costs and improve profitability will help the company occupy a more advantageous position in competition.

Risks

1. The significant increase in sales costs may put pressure on future profitability, and the fluctuation of raw materials and production costs needs to be closely monitored.

2. The rapid growth of other competitors in the industry may erode Renew Energy Global's market share.

3. Changes in policy environment or uncertainties in market demand may affect the company's long-term strategy and profitability.