WLFC Latest Report

Performance Review

Willis Financial Leasing (WLFC) achieved a 33.73% YoY growth in its total operating revenue in 2024, reaching USD152,797,000 from USD114,280,000 in 2023. This significant growth indicates the company's good results in market expansion and sales capability.

Key Data in the Financial Report

1. The total operating revenue in 2024 was USD152,797,000, up 33.73% YoY.

2. Core leasing revenue reached USD68.3 million, maintenance reserve income was USD49.8 million, and spare parts and equipment sales were USD10.9 million.

3. The company's total asset portfolio is close to USD2.7 billion, reflecting its stable asset management ability.

4. The pre-tax profit was approximately USD35 million, showing the improvement in operating efficiency and profitability.

Peer Comparison

1. Industry-wide analysis: The financial leasing industry has shown a growth trend driven by economic recovery and increased corporate investment. The industry faces intensified competition, and companies need to continuously innovate products and enhance services to maintain their market share. According to the "China Financial Leasing Industry Development Report (2024)", the total assets of financial leasing companies grew by 10.49% YoY at the end of 2023.

2. Peer evaluation analysis: Compared with other companies in the same industry, WLFC's total operating revenue growth is remarkable. If the revenue growth rate of peers is generally lower than 33.73%, it can be considered that WLFC's market performance is outstanding. For example, Jiangsu Financial Leasing's revenue growth in the first quarter of 2024 was only 5.8%.

Summary

Willis Financial Leasing's revenue growth in 2024 mainly benefited from increased market demand, new customer acquisition, diversified products and services, and effective sales strategies. Compared with peers, WLFC's growth rate is remarkable, indicating its competitiveness and market adaptability in the industry.

Opportunities

1. Continue to expand market demand, especially in the context of economic recovery, to seize the opportunity of increased corporate investment.

2. Introduce new leasing products and services to meet different customer needs and further expand the customer base.

3. Strengthen cooperation with financial institutions to enrich financing sources and support the company's continuous growth.

Risks

1. Intensified industry competition may lead to a loss of market share or a decrease in profit margins.

2. Economic fluctuations may affect overall market demand, which in turn affects the sustained growth of operating revenue.

3. The reliance on acquiring new customers may affect the future revenue growth potential if it fails to continuously attract new customers.