TUSK Latest Report

Mammoth Energy's Financial Performance

Mammoth Energy (TUSK) recorded a total operating revenue of RMB532 million as of December 31, 2024, up 0.34% from RMB527.82 million as of December 31, 2023. Despite the slight increase in operating revenue, the overall performance remained relatively stable, failing to significantly improve.

Key Financial Data

1. Total Operating Revenue: RMB532 million in 2024, up from RMB527.82 million in 2023, a growth of only 0.34%.

2. Sales Cost: RMB483.52 million in 2024, up from RMB457.79 million in 2023, putting pressure on profit margins.

3. Marketing, Sales, and Management Expenses: RMB15.683 million in 2024, down from RMB16.578 million in 2023, showing the company's efforts in controlling costs.

4. External Economic Environment: Affected by macroeconomic factors such as inflation and interest rate changes, overall profitability faces challenges.

Industry Comparison

1. Industry-wide Analysis: The energy industry as a whole was affected by various factors in 2024, including a slow global economic recovery, policy changes, and market demand for renewable energy. The overall revenue growth was slow, and companies in the industry generally faced challenges such as rising costs and squeezed profits.

2. Peer Review Analysis: Compared to other companies in the industry, Mammoth Energy's revenue growth was relatively stable, failing to significantly outperform the industry average. Other competitors may have performed better in terms of market share and product innovation, giving them a certain competitive advantage in revenue growth.

Conclusion

Mammoth Energy's financial performance in 2024 showed a slight increase in operating revenue, but rising costs and weak market demand have put pressure on the company's profitability. Although the company has made efforts to control costs, the uncertainty of the external economic environment still poses a challenge to its future development.

Opportunities

1. New Technology Development: Mammoth Energy can explore opportunities in the new energy market, particularly in clean energy and renewable energy.

2. Market Demand Transformation: With the increasing global demand for renewable energy, the company has the opportunity to gain market share through business strategy adjustments.

3. Potential Cost Reduction: Ongoing cost control measures may further improve the company's profitability.

Risks

1. Market Demand Fluctuation: Mammoth Energy faces the risk of a depressed natural gas market and weakening demand for oilfield services, which may lead to sustained revenue pressure.

2. Rising Cost Pressure: The increase in sales costs may erode profit margins, affecting overall profitability.

3. Macroeconomic Uncertainty: Geopolitical factors such as the Ukraine war and instability in the Middle East may negatively impact the company's operating revenue.

4. Intensifying Competition: The performance of other companies in the industry may affect Mammoth Energy's market position and revenue growth.