VS Latest Report

Performance of this financial report

Based on the provided data, Versus Systems' total operating revenue in 2023 was RMB2711.69 million, a significant decrease from 2022, indicating the challenges the company faces in the face of market competition and internal strategy adjustments. The data for total operating revenue in 2024 is missing, making it impossible to conduct a specific year-on-year analysis, but from its 2023 performance, the company's sales performance and profitability are under significant pressure.

Key data in the financial report

1. The total operating revenue in 2023 was RMB2711.69 million, a significant decrease from 2022.

2. The net profit in 2024 and 2023 was negative, indicating the company's continuous losses.

3. The research and development expenses in 2024 were RMB1279.42 million, a significant increase from RMB5031.7 million in 2023.

4. The marketing, sales, and general management expenses in 2024 were RMB8811.56 million, a decrease from RMB1471.199 million in 2023.

Peer comparison

1. Industry-wide analysis: Versus Systems' total operating revenue decline may be related to the shrinking of the entire industry or increased competition. The rapid growth of the global AI industry in 2024 provides opportunities for related technologies, but the market sentiment for new industries such as the mobile phone chain, software, games, and new energy vehicles is weak, which may put Versus Systems under competitive pressure. [Source](http://eid.csrc.gov.cn/fund/disclose/instance_show_pdf_id.do?instanceid=1249309)

2. Peer evaluation analysis: Compared with other companies in the same industry, Versus Systems' total operating revenue in 2023 performed poorly and suffered significant losses, which may affect its competitiveness and market position.

Summary

Versus Systems' total operating revenue in 2023 decreased significantly and continued to lose money, showing its difficulties in the market competition. Although the company increased its R&D investment, trying to turn the situation around through new product development, it failed to translate into revenue in the short term, and the reduction in marketing expenses may affect the enthusiasm for market promotion.

Opportunities

1. Increasing R&D investment may provide opportunities for future product innovation and market expansion.

2. If the global AI industry continues to grow, Versus Systems can take advantage of this opportunity to enhance its technology application and market share.

3. Successfully controlling marketing and management expenses may improve overall operational efficiency and alleviate short-term financial pressure.

Risks

1. Continuous losses may lead to a decrease in investor confidence, affecting subsequent financing and market performance.

2. Increased industry-wide competition and market demand changes may further compress the company's operating revenue.

3. The reduction in marketing expenses may limit the company's market promotion capabilities and affect sales performance.