Negative Operating And Free Cash FlowDeep negative operating (-916.99m) and free cash flow (-936.87m) indicate weak cash generation that is unlikely to reverse overnight. Persistent cash deficits constrain reinvestment, heighten financing needs, and may force cuts to R&D, capex or dividends, undermining long-term competitiveness and strategic execution.
Declining Revenue TrendA 10.33% revenue decline (and large reported RevenueGrowth deterioration) signals weakening demand or lost orders. Sustained top-line contraction erodes fixed-cost absorption, pressures margins and ROE, and limits the company’s ability to invest in product development and service expansion necessary for durable market share recovery.
Revenue Cyclicality From Project-driven ModelA made-to-order, capex-driven sales model creates lumpy, timing-sensitive revenues. This cyclicality complicates capacity planning and working capital management, increases earnings volatility, and makes steady cash generation harder—leaving the company exposed during semiconductor capex downturns.