SWIM Latest Report

DataVisWednesday, Mar 5, 2025 11:10 pm ET

1min read

Performance Review

As of December 31, 2024, latham group (stock code: SWIM) recorded a total operating revenue of RMB872.73 million, a significant decrease from RMB908.67 million as of December 31, 2023. This change reflects the challenges the company faces in revenue generation.

Key Financial Data

1. The total operating revenue in 2024 was RMB872.73 million, a decrease of approximately 3.95% from RMB908.67 million in 2023. This decline indicates pressure on the company's revenue generation, which may affect its overall financial health.

2. The company may face increased competition, leading to a decrease in sales.

3. Weak product demand may be one of the key factors contributing to poor sales performance.

4. The company's operational efficiency and cost control may not have kept pace, affecting revenue growth.

5. Uncertainty in the macroeconomic factors may also affect consumer and business spending, further affecting the company's revenue.

Peer Comparison

1. Industry-wide analysis: In the construction and water sectors, many companies also faced a trend of revenue decline in 2024, mainly due to the rise in raw material costs and market demand fluctuations. This industry-wide challenge may have affected Latham Group's performance.

2. Peer evaluation analysis: Compared with other companies in the same industry, Latham Group's decrease in total operating revenue was more significant, indicating its relative disadvantage in the competition, especially in terms of product innovation and market promotion.

Summary

In summary, the main challenges faced by Latham Group in 2024 include intense market competition, weak demand, and uncertainty in the macroeconomic environment. The decline in revenue reflects the pressure the company faces in maintaining its market share and profitability, especially when compared with its peers.

Opportunities

1. The company's significant increase in market share in the fiberglass pool market provides potential for further market expansion.

2. Latham Group's continuous investment in product innovation may bring new sales growth points.

3. The implementation of a strong distribution network and digital marketing strategies may help enhance brand awareness and market share.

4. Through optimizing operational efficiency and cost control, Latham Group has the opportunity to improve its financial performance.

Risks

1. Fluctuations in the macroeconomic environment may continue to put pressure on the company's revenue.

2. Increased competition may force the company to lower prices, affecting profit margins.

3. Fluctuations in production costs, especially the rise in raw material prices, may affect the company's profitability.

4. Seasonal sales fluctuations may lead to greater financial pressure during the off-season.

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