ZONE Latest Report

Performance Review

CleanCore Solutions (stock code: ZONE) recorded a total operating revenue of RMB25,726.9 thousand as of December 31, 2024, a slight decrease of -0.44% from RMB25,840.6 thousand in 2023. This change reflects a slight decline in the company's operating revenue, possibly reflecting the market challenges and internal management pressures it faces.

Key Financial Data

1. Operating revenue decreased to RMB25,726.9 thousand, a decrease of -0.44% from the previous year, indicating a possible weakening of market demand.

2. Sales costs significantly increased from RMB13,173.7 thousand to RMB19,525.8 thousand, up by approximately 48.1%, which may directly affect the company's gross margin.

3. Management expenses increased significantly from RMB38,359.9 thousand to RMB102,600.6 thousand, up by more than 167.5%, adding more burden to the company's sales and management.

Peer Comparison

1. Industry-wide analysis: In 2024, the overall electronic industry demand gradually recovered, especially in high-frequency and high-speed copper boards and other areas, with market sentiment improving, which may affect ZONE's business. If other companies in the industry also experience a decrease in operating revenue, it may reflect the common challenges faced by the entire industry.

2. Peer evaluation analysis: Compared with other companies in the same industry, ZONE's decrease in operating revenue is relatively small. If other companies perform poorly, ZONE's relative performance appears more stable; conversely, if other companies perform well, ZONE's decline may indicate a weakening of its market competitiveness.

Summary

Overall, CleanCore Solutions faced some challenges in 2024, including a weakening of market demand and an increase in costs, resulting in a slight decrease in operating revenue. Although the overall industry performance is improving, ZONE's performance shows its vulnerability in a specific market environment.

Opportunities

1. The demand for high-end products remains strong, especially in the 5G and high-frequency and high-speed copper boards, where ZONE can further increase its investment.

2. With the recovery of market demand, ZONE can enhance its market share through strengthened marketing and sales strategies.

3. The company has a technological advantage in waste heat boilers, which can help it stand out in competition.

Risks

1. Fluctuations in market demand may affect ZONE's operating revenue, especially in an uncertain economic environment.

2. Continued increases in sales costs and management expenses may further erode the company's profit margin.

3. Intensified competition in the industry may force the company to lower prices, affecting its overall profitability.