Performance of the Quarterly Report

As of November 30, 2024, Yummy Spoon (SMPL) had an operating revenue of RMB341,268,000. According to its 2023 financial report, Yummy Spoon's operating revenue was US$1.243 billion, indicating a relatively stable revenue performance in the past year. By comparing the previous data, we can analyze the reasons for its revenue changes and potential investment value more deeply.

Key Data in the Financial Report

1. Yummy Spoon's operating revenue in 2024 was RMB341,268,000, showing a certain revenue fluctuation compared to US$1.243 billion in 2023.

2. In 2023, Yummy Spoon's net profit was US$134 million, and its basic earnings per share was US$1.34, reflecting its profitability.

3. The company continued to launch new products in 2024, including protein bars and ready-to-drink smoothies, trying to meet the changes in market demand.

4. The overall food industry faced challenges in 2024, with weak consumer demand but an increase in demand for high-quality health foods.

Peer Comparison

1. Industry-wide analysis: The change in operating revenue of the food industry is affected by market demand, raw material prices, and policies. In 2024, overall consumer demand was weak, and consumer preferences for health foods increased, which may create opportunities for Yummy Spoon's market positioning.

2. Peer evaluation analysis: Compared with other companies in the industry, Yummy Spoon's operating revenue growth appears relatively stable. If the average growth rate of the industry is higher than Yummy Spoon, it may reflect its lack of competitiveness in the market; otherwise, it indicates its outstanding performance in the industry.

Summary

Yummy Spoon's operating revenue in 2024 was RMB341,268,000, although there was a fluctuation compared to the previous year, its new product launches and ongoing marketing activities show the company's ability to adapt to market changes. Despite the challenges faced by the overall industry, the increasing demand for high-quality foods provides new opportunities for the company.

Opportunities

1. With the rising demand for health foods, Yummy Spoon can further expand its health product line to meet market demand.

2. The company's continuous launch of new products enhances its market competitiveness and raises brand recognition, which can attract more consumers in the future.

3. Supported by industry policies, the catering supply chain is expected to recover, providing a good market environment for Yummy Spoon.

Risks

1. Weak overall consumer demand may have a negative impact on operating revenue, and market changes need to be closely monitored.

2. Intensified competition may lead to a decline in market share, affecting the company's long-term profitability.

3. The market acceptance of new products is uncertain, and its contribution to the company's overall revenue needs to be evaluated.