涛涛车业：6月20日接受机构调研，包括知名机构星石投资，聚鸣投资，趣时资产的多家机构参与

Core Viewpoint - The company, Taotao Automotive (301345), is enhancing its production capacity in Vietnam, which is expected to significantly boost its sales in the U.S. market, amidst ongoing international trade tensions [2][3]. Group 1: Company Performance - In Q1 2025, the company reported a main revenue of 639 million yuan, representing a year-on-year increase of 22.96% [3]. - The net profit attributable to shareholders reached 86.21 million yuan, up 69.46% year-on-year, while the net profit excluding non-recurring items was 85.89 million yuan, reflecting a 70.52% increase [3]. - The company's debt ratio stands at 31.69%, with financial expenses recorded at -4.657 million yuan and a gross profit margin of 37.23% [3]. Group 2: Production and Market Strategy - The company has made significant progress in its production layout in Vietnam, with electric golf cart production expected to reach new highs in June 2025, and further increases anticipated in July [2]. - To mitigate the impact of U.S.-China trade friction, the company has strategically expanded its production capacity in Southeast Asia and the U.S., enhancing its competitiveness in the U.S. market [3]. Group 3: Analyst Ratings and Forecasts - Over the past 90 days, six institutions have provided ratings for the stock, with five recommending a buy and one suggesting an increase in holdings; the average target price set by institutions is 85.12 yuan [4]. - Detailed profit forecasts indicate expected net profits of 591 million yuan for 2025, 774.1 million yuan for 2026, and 969 million yuan for 2027 [6].