Core Insights - Greebo (Jiangsu) Co., Ltd. reported a revenue of 5.426 billion yuan for 2024, marking a year-on-year increase of 17.52%, and achieved a net profit of 87.8938 million yuan, reversing previous losses [1] - In Q1 2025, the company generated a revenue of 1.535 billion yuan and a net profit of 178 million yuan, reflecting a year-on-year growth of 36.93% [1] - The overall gross margin improved by 2.65 percentage points due to supply chain optimization, increased production efficiency, and reduced raw material costs [1] - The sales proportion of high-value products, such as riding lawnmowers and robotic lawnmowers, has increased, enhancing the company's profit structure [1] Production and Global Strategy - Greebo has established a significant presence in Vietnam with two manufacturing bases in Haiphong and Thai Binh, with the Thai Binh Phase I facility fully operational and Phase II construction set to begin [2] - The Vietnamese production base will fully undertake manufacturing tasks for products exported to the U.S., enhancing the company's ability to manage international trade risks [2] - In 2023, Greebo's manufacturing base in Tennessee, USA, commenced operations, focusing on local assembly of high-value commercial products [2] - The company plans to expand its investment in the U.S. to enhance local manufacturing capabilities for high-end products, further solidifying its competitive advantage in the North American market [2] - Greebo aims to build a more resilient international operation system through accelerated construction in Vietnam, localized manufacturing in the U.S., and optimized global sales structure [2]
高附加值产品销售占比提升 格力博一季度净利润同比增长36.93%