HXG(603112) 新浪财经·2025-04-25 00:34Core Insights - The company's Q1 2025 performance met expectations with revenue of 975 million yuan, a year-on-year increase of 3.55%, and a net profit attributable to shareholders of 133 million yuan, up 25.81% year-on-year [1] Group 1: Business Performance - The white goods business benefited from high downstream demand, with household air conditioner sales reaching 5,887 thousand units in Q1 2025, a year-on-year increase of 15.3% [2] - The automotive parts business is accelerating, with China's automotive production and sales reaching 7.561 million and 7.47 million units respectively in Q1 2025, representing year-on-year growth of 14.5% and 11.2% [2] - The company has formed a strategic partnership with Huayu Automotive to enhance its automotive parts processing business, aiming to improve profitability and core competitiveness [2] Group 2: Financial Metrics - The company achieved a gross profit margin of 23.97% in Q1 2025, an increase of 3.85 percentage points year-on-year, marking the highest level for the same period since its listing [3] - The net profit margin reached 13.16%, up 2.40 percentage points year-on-year, also the best level since the company's listing [3] - The company maintains its profit forecast for 2025-2027, expecting net profits of 603 million, 708 million, and 812 million yuan respectively, with corresponding P/E ratios of 12, 10, and 9 times [3]