Chengchang Technology(001270)2025-04-08 11:20Financial Performance - The company expects a net profit attributable to shareholders of between 27 million and 34.5 million yuan, a significant increase from a loss of 14.9 million yuan in the same period last year, representing a growth of 281.17% to 331.49% year-on-year [3]. - Revenue for the reporting period is projected to be between 90 million and 95 million yuan, a substantial increase from 19.776 million yuan in the same period last year, marking a historical high [5]. - The company has achieved a significant turnaround in net profit and revenue growth in the first quarter of 2025, reflecting effective business strategies and market recovery [7]. Operational Improvements - The company has significantly increased its order backlog and is actively delivering on project orders, contributing to the turnaround in profitability [6]. - The gross profit margin has improved due to increased demand, stable product pricing, and expanded sales volume, leading to a notable rise in both gross profit and gross margin [6]. - Automation upgrades in production testing have resulted in cost reductions and efficiency improvements, supporting the company's ability to scale operations [7]. Research and Development - The company is advancing its R&D capabilities, which has led to a substantial recovery in gross margin compared to the same period last year [7]. - The company plans to deliver new products for next-generation low Earth orbit communication satellites in 2025, with preparations already underway based on customer demand [6]. Management Confidence - The management team is confident in meeting customer demand and has prepared sufficient production plans for the next quarter and the entire year [7]. Financial Reporting - The financial data presented is preliminary and has not been audited, with detailed figures to be disclosed in the first quarter report of 2025 [8].