YORW Latest Report
2min read The York Water's performance in the current financial report
Based on the provided data, the york water (stock code: YORW) recorded a total operating revenue of RMB188.66 million as of December 31, 2024, up approximately 4.70% from RMB180.96 million as of December 31, 2023. This growth indicates the company's ability to show a certain growth in its operating revenue, possibly driven by market demand or improvement in its operating strategy.
Key data from the financial report
1. The York Water's operating revenue grew by 6.0% in the first nine months of 2024, mainly driven by the increase in rates and the growth of its customer base.
2. The average number of water customers increased by 955, while the average number of wastewater customers also increased by 528, indicating positive progress in customer development.
3. The York Water's rates include a 1.14% distribution system improvement charge (DSIC) as of October 1, 2024, but the company does not plan to further increase rates.
4. The improvement in the overall economic environment and policy support for the water industry helped drive the company's revenue growth.
Industry comparison
1. Overall industry analysis: The water industry in 2024 showed a steady growth trend, driven by market demand, infrastructure investment, and policy support. The national water construction investment grew by 11.7% year-on-year, indicating the industry's stable development.
2. Peer evaluation analysis: The York Water's operating revenue growth rate of 4.70% is at a medium level in the water industry. If other companies in the same industry had higher operating revenue growth rates during the same period, it may indicate that The York Water faces certain market competition pressure; otherwise, it indicates its good performance in the market.
Summary
The York Water showed stable revenue growth in 2024, mainly driven by the increase in market demand and the expansion of its customer base. The company's rate adjustments and operational efficiency improvement also contributed to revenue growth. However, in the context of the overall growth of the water industry, The York Water's growth rate is at a medium level, possibly facing certain market competition pressure.
Opportunities
1. With the continuous growth of the water industry, The York Water has the opportunity to increase revenue through further development of new customers and improving service quality.
2. Policy support for infrastructure investment provides good opportunities for the company's future expansion and new projects.
3. The moderate rate adjustment helps boost revenue, although the company does not plan to further increase rates, future market demand may push it to reconsider.
Risks
1. Intensified competition: If other companies in the same industry show higher growth rates, The York Water may face the risk of declining market share.
2. Economic fluctuations: Changes in the overall economic environment may affect the company's operating revenue, especially during an economic slowdown.
3. Customer loss risk: While the increase in the customer base is positive, it is important to maintain customer satisfaction to avoid losing existing customers.