TPET Latest Report

Performance of the Quarterly Report

Trio Petroleum (stock code: TPET) had a total operating revenue of RMB77,229 on October 31, 2024, but its operating income was negative (-RMB13,229,968), indicating a significant revenue loss during this reporting period. Although no specific data on total operating revenue in the same period of 2023 was provided, the total operating revenue in 2023 was USD0, indicating that the company did not achieve any revenue in the past year.

Key Data in the Financial Report

1. The total operating revenue in 2023 was USD0, and the net loss was USD6,544,426, with a larger loss than in 2022

2. The operating income in 2024 was negative, indicating significant difficulties in sales

3. The total operating expenses in 2023 were USD4,610,668, with a high proportion of management expenses, which may exacerbate financial pressure

4. The company is still in the exploration stage, and the future business performance has significant uncertainty

Peer Comparison

1. Industry-wide analysis: The overall market for the oil and gas industry is affected by multiple factors such as the global economy, geopolitics, and energy transition, resulting in significant changes in market demand. The revenue of traditional oil and gas companies may be under pressure, leading to a decrease in overall operating income.

2. Peer evaluation analysis: Compared with other companies in the same industry, TPET's operating income performance is poor, reflecting its lack of competitiveness in the market. The entire industry faces challenges, and TPET needs to strengthen its market strategy to enhance competitiveness.

Summary

TPET's operating income in 2024 was negative, indicating serious problems in sales and market strategy. Although the oil and gas industry as a whole faces pressure, the company's internal management decisions and resource allocation may also be important factors leading to revenue decline.

Opportunities

1. There may be opportunities to improve revenue performance through improved operational processes and the establishment of more business relationships

2. The company is exploring new market strategies, and if successful implementation, it may bring potential revenue growth

3. With the gradual recovery of the oil and gas industry, TPET can seize the opportunity of market rebound if it adjusts its strategy

Risks

1. The company is still in the exploration stage, and the future business activities and product releases have significant uncertainty

2. Continuous net losses may lead to cash flow problems, increasing the company's operating risk

3. The overall industry demand is weak, which may further increase the company's competitive pressure in the market