WLDN Latest Report
2min read Willdan Group's Financial Performance
Based on the provided data, Willdan Group's total operating revenue in December 2024 was RMB144,061,000. Although lacking historical data for comparison, the absolute value of total operating revenue indicates a certain position in its overall financial performance. It can be speculated that the change in total operating revenue reflects the changes in the company's competitiveness and sales ability in the market.
Key Financial Data
1. According to Willdan Group's 2024 annual report, its contract revenue in 2024 was US$56.5798 million, up 10.9% year-on-year.
2. Direct costs were US$36.3016 million in 2024, up 9.8% from US$33.0328 million in 2023.
3. Gross profit reached US$20.2782 million in 2024, up 12.8% from US$17.9767 million in 2023.
4. Net income was US$2.2570 million, up 106.5% from US$1.0926 million in 2023.
5. The total operating revenue grew approximately 10.9% year-on-year, showing positive performance in the company's operating revenue. [Source](https://www.sec.gov:443/Archives/edgar/data/1370450/000155****25002429/wldn-20241227x10k.htm)
Industry Comparison
1. Industry-wide analysis: Willdan Group's operating revenue performance needs to be observed in the context of the overall industry. If the industry's overall operating revenue grows, it may indicate a recovery in market demand, and vice versa. According to some data, Viatris' total operating revenue in June 2024 decreased by 14.04% year-on-year, but its net profit grew significantly, showing that there may be different market performances and strategies within the industry. [Source](https://www.sohu.com/a/835943563_122001006)
2. Peer evaluation analysis: Willdan Group's total operating revenue is RMB144,061,000. Compared with other companies in the same industry, further understanding of the industry's average level is needed. If this revenue is higher than the industry average, it may indicate that willdan group occupies a strong competitive position in the market; otherwise, its market strategy or product portfolio needs attention. Jiangsu Pioneer Precision Technology's operating revenue grew steadily from 2021 to 2023, showing a good growth trend. [Source](https://business.sohu.com/a/836334670_362225)
Conclusion
Willdan Group's total operating revenue grew 10.9% year-on-year in 2024, showing its strong competitiveness in the market. Although lacking detailed market demand and competitive environment data, the company's contract revenue, gross profit, and net income have significantly improved, indicating its good financial condition. However, the differences in industry-wide performance may affect the company's future performance.
Opportunities
1. With the growth of contract revenue, Willdan Group can further expand its market share and increase operating revenue.
2. If the company can seize the opportunity of market demand changes and launch new products in line with market trends, it is expected to further enhance revenue.
3. Technological advancements may provide opportunities for efficiency improvement and cost control, thus increasing the gross margin.
Risks
1. Intensified competition within the industry may affect Willdan Group's market share and operating revenue.
2. Macroeconomic factors such as interest rates and inflation may negatively impact the company's sales performance.
3. If the company fails to effectively respond to changes in market demand, it may lead to a decrease in operating revenue.