APM

Fundamental analysis reveals a moderate outlook with several key ratios in the mid-to-high range, such as Total operating revenue YoY growth at 78.6% and Operating revenue YoY growth at 92.8%. However, factors like Inventory turnover ratio (47.9) and Interest coverage ratio (15.5%) are in less favorable quartiles, indicating room for improvement in inventory management and debt servicing. Net profit/Total profit is 100%, suggesting full profit conversion, yet the PB-ROE deficit (-0.22) hints at valuation concerns. Overall, the company maintains a solid but not outstanding fundamental stance.