Tuopu Group(SH:601689) Xin Lang Cai Jing·2025-05-09 06:38Group 1 - The company reported a revenue of 26.6 billion yuan for 2024, a year-on-year increase of 35.0%, and a net profit attributable to shareholders of 3.0 billion yuan, up 38.9% year-on-year [1] - In Q1 2025, the company achieved a revenue of 5.77 billion yuan, a year-on-year increase of 1.4%, but a quarter-on-quarter decrease of 20.4% [1] - The net profit attributable to shareholders in Q1 2025 was 570 million yuan, down 11.6% year-on-year and down 26.2% quarter-on-quarter [1] Group 2 - The company has increased its R&D expenses, with R&D expense ratio rising to 5.9% in Q1 2025, up 1.4 percentage points year-on-year [2] - The gross margin for Q1 2025 was 19.9%, a decrease of 2.5 percentage points year-on-year, attributed to product mix changes and price fluctuations [2] - The net cash flow from operating activities in Q1 2025 was 890 million yuan, compared to 580 million yuan in Q1 2024 [2] Group 3 - The company is deepening partnerships with major clients such as Tesla, Seres, and BMW, which is expected to provide stable growth momentum [3] - The company is continuing its capacity expansion with ongoing construction of factories in various locations including Mexico and Jinan [3] - The company is actively developing new products in the robotics sector, including electric drive systems, with significant revenue growth expected [3]