PIVOT AUTO(SZ:301181) Xin Lang Cai Jing·2025-04-24 00:39Group 1 - The company reported Q1 2025 revenue of 1.29 billion yuan, a year-on-year increase of 3.3%, but a quarter-on-quarter decrease of 16.23% [2] - The company's gross profit margin for Q1 2025 was 34.30%, a slight decrease of 0.27 percentage points year-on-year, indicating stable profitability [2] - The net profit attributable to shareholders for Q1 2025 was 0.31 billion yuan, down 4.3% year-on-year and 4.71% quarter-on-quarter [2] Group 2 - The company is expected to achieve high growth driven by four core growth logic factors: expanding industry space, new customer acquisition in the new energy sector, overseas business growth, and increased self-manufacturing of components [3] - The company plans to expand its customer base in the new energy sector, targeting clients such as BYD, Chery, and Leap Motor, and has successfully secured several projects for nylon pipelines [3] - The company is projected to achieve net profits of 1.4 billion yuan, 1.6 billion yuan, and 1.8 billion yuan for 2025, 2026, and 2027 respectively, with a target price of 29.5 yuan per share based on a 25x PE ratio for 2025 [3]