Group 1 - The company achieved revenue of 10.82 billion yuan in Q1 2025, a year-on-year increase of 124.0% [1] - The net profit attributable to shareholders reached 210 million yuan, up 3344.1% year-on-year, while the net profit excluding non-recurring items was also 210 million yuan, reflecting a year-on-year increase of 10562.3% [1] - The snack wholesale business maintained a doubling growth trend, with revenue of 10.688 billion yuan in Q1 2025, a year-on-year increase of 127.6% [1] Group 2 - The net profit margin of the wholesale business significantly improved quarter-on-quarter, with a net profit of 412 million yuan after excluding share-based payment expenses, resulting in a net profit margin of 3.85% [1] - The gross profit margin for Q1 2025 was 11.0%, an increase of 1.2 percentage points year-on-year, while the sales/management expense ratio decreased by 0.7% and 0.5% year-on-year, respectively [1] - The company expects to see continued growth in profitability, with revised net profit forecasts for 2025-2027 of 944 million, 1.257 billion, and 1.608 billion yuan, representing year-on-year increases of 221.68%, 33.18%, and 27.85%, respectively [2]
万辰集团(300972)：Q1业绩超预期 行业进入净利率上升通道