Title: "Navigating Stormy Waters: GPUS Faces 36% Revenue Drop Amid Intensified Competition and Economic Uncertainty"

Performance Review

Hyperscale Data (stock code: GPUS) faced significant challenges in 2024, with an operating revenue of RMB194.43 million, a 36.39% YoY decrease from RMB306.08 million in 2023. This change reflects the company's unsatisfactory performance in the market, possibly affected by various factors.

Key Data in the Financial Report

1. A significant decrease in operating revenue may reflect weakened market demand or declining company competitiveness.

2. Competitors such as Google, Amazon, and Microsoft occupy more favorable positions in the market, leading to a loss of GPUS's customers.

3. Insufficiencies in operational efficiency and marketing may prevent effective market opportunities.

4. Uncertainty in the macroeconomic environment and tight customer budgets further suppress revenue growth.

5. Although the company launched new products, it failed to significantly boost revenue, indicating delayed market feedback or product adaptability issues.

Peer Comparison

1. Industry-wide analysis: The data services industry as a whole faced challenges in 2024, with most companies reporting a decrease in operating revenue. The forced adjustment of business strategies due to technological updates and changing customer demands exacerbated the shrinking trend and intensified competition.

2. Peer evaluation analysis: Compared to its peers, GPUS's revenue decline was more pronounced, while other competitors maintained stable revenue through optimized products and enhanced marketing strategies, indicating a weakened competitive position for GPUS in the market.

Summary

The comprehensive analysis shows that GPUS's operating revenue significantly decreased in 2024, mainly affected by weakened market demand, intensified competition, and unfavorable macroeconomic conditions. Although the company launched new products, it failed to effectively change the downward trend in revenue, reflecting its shortcomings in market adaptation and operational management.

Opportunities

1. GPUS can reassess its product line to launch innovative products more in line with market demand in response to changing market demands.

2. Strengthen marketing and customer service to enhance brand competitiveness, attract new customers, and retain existing ones.

3. Leverage industry technological advancements to drive product development and service innovation, improving the company's competitive position in the market.

4. Optimize cost structures and improve operational efficiency to enhance overall profitability.

5. Seek cross-industry collaborations through resource sharing and technology integration to enhance overall market influence.

Risks

1. Continued innovation and market share expansion by competitors may further weaken GPUS's market position.

2. Uncertainty in the macroeconomic environment may lead to tight customer budgets, affecting future sales revenue.

3. If the company fails to effectively adjust its product strategy and marketing, it may face greater revenue pressure.

4. Increased R&D investment may lead to short-term profitability pressure, requiring careful management of cash flow.

5. Rapid technological iteration in the industry may result in being eliminated from the market if innovation is not maintained.