LIONHEAD(SH:600539) Zheng Quan Shi Bao Wang·2025-04-27 12:12Group 1 - The core viewpoint of the articles highlights the steady recovery of the company, with both revenue and net profit showing year-on-year growth, and a successful turnaround in Q1 2025 [1] - In 2024, the company achieved operating revenue of 480 million yuan, a year-on-year increase of 4.78%, while the net profit attributable to shareholders was -30 million yuan, reducing losses by 48 million yuan compared to the previous year [1] - The company reported Q1 2025 revenue of 117 million yuan, an increase of 8.49% year-on-year, and a net profit of 580,000 yuan, marking a successful return to profitability [1] Group 2 - The e-commerce service has become the core pillar of the company since its acquisition of KunTing Technology in 2020, generating revenue of 424 million yuan in 2024, with e-commerce distribution accounting for 373 million yuan and a gross margin of 12.17% [2] - The traditional manufacturing segment, including water purification faucets and accessories, generated revenue of 54 million yuan in 2024, maintaining a stable gross margin of 10.91% [2] - The company is actively responding to intensified competition in the e-commerce sector by enhancing operational efficiency and strengthening brand management and digital capabilities [2] Group 3 - The company is planning to acquire control of Lipo Technology to enter the AI machine vision market, which is expected to grow rapidly, with projections indicating a market size exceeding 56 billion yuan by 2027 [3] - Lipo Technology, founded by a team of PhD graduates from Zhejiang University, is recognized as a national high-tech enterprise and has made commitments regarding performance and non-compete agreements to ensure successful integration post-acquisition [3] - The strategic acquisition aims to transform the company’s business model and tap into new profit sources, positioning it for high-quality growth in the intelligent manufacturing sector [3]