展区里，精密加工机床、AI智能穿戴设备、绿色节能家电、智能机器人等一批高科技高附加值产品，吸引了众多 客商驻足体验。从过去的来图加工，到如今推出原创设计及整体解决方案，本届广交会越来越多的中国企业展示 出"中国智造"向高附加值转型的新趋势、新动能。 中国机电产品进出口商会副会长 刘春：我们的核心竞争力更多来源于卓越的设计、良好的应用体验和技术升级 改良。这表明，中国设计与中国制造的深度融合，已形成了我们开拓海外市场的新优势。 （央视财经《正点财经》）第138届广交会首期展览10月19日结束，截至10月19日17时，境外采购商线下到会超 15.7万人，比上届增长6.3%，到会人数创同期历史新高。 本届广交会首期展览总面积52万平方米，展位数量超2.5万个，参展企业约1.2万家，拥有国家级高新技术企业、 制造业单项冠军、专精特新"小巨人"等称号优质特色企业超5500家，比上届增加400家，占本届广交会优质特色 企业总数的55%。 阿尔及利亚采购商 伊利里安·科克希奥尼：中国企业长期专注于研发创新，正是在这样的坚持下，才能在全球市 场取得领先地位。所以我们来到广交会，可以看到最尖端的技术，找到质量非常好、极具市场竞 ...

央视网消息：第138届广交会首期展览10月19日结束，截至19日17时，境外采购商线下到会超15.7万人，比上届增长6.3%，到会人数创同 期历史新高。 中国机电产品进出口商会副会长刘春称："我们的核心竞争力更多来源于卓越的设计、良好的应用体验和技术升级改良。这表明，中国设 计与中国制造的深度融合已形成了我们开拓海外市场的新优势。" 阿尔及利亚采购商伊利里安·科克希奥尼称："中国企业长期专注于研发创新，正是在这样的坚持下才能在全球市场取得领先地位。所以我 们来到广交会，可以看到最尖端的技术，找到质量非常好、极具市场竞争力的产品。" 本届广交会首期展览总面积52万平方米，展位数量超2.5万个，参展企业约1.2万家，拥有国家级高新技术企业、制造业单项冠军、专精特 新"小巨人"等称号优质特色企业超5500家，比上届增加400家，占本届广交会优质特色企业总数的55%。展区里，精密加工机床、AI智能穿戴 设备、绿色节能家电、智能机器人等一批高科技高附加值产品吸引了众多客商驻足体验。从过去的来图加工到如今推出原创设计及整体解决方 案，本届广交会越来越多的中国企业展示出"中国智造"向高附加值转型的新趋势、新动能。 ...

Core Viewpoint - The company reported a slight revenue growth in Q1 2025, but net profit declined significantly, indicating challenges in profitability despite a positive sales environment [1][2]. Financial Performance - In Q1 2025, the company achieved revenue of 4.274 billion yuan, a year-on-year increase of 2.05% - The net profit attributable to shareholders was 322 million yuan, a year-on-year decrease of 20.05% - The non-recurring net profit was 279 million yuan, down 14.42% year-on-year [1]. Market Dynamics - The company’s revenue growth is attributed to better export performance compared to domestic sales, with total forklift sales in China increasing by 10.16% in Q1 2025 [2]. - Domestic sales reached 229,044 units, up 8.82%, while export sales were 119,139 units, reflecting a growth of 12.82% [2]. Cost and Profitability Analysis - The gross margin for Q1 2025 was 22.31%, slightly up by 0.06 percentage points year-on-year due to accounting adjustments [3]. - The net profit margin was 8.49%, down 1.81 percentage points year-on-year, primarily due to increased expenses in sales, management, and R&D [3]. - Investment income decreased by 49 million yuan year-on-year, mainly due to reduced bank wealth management returns [3]. Innovation and Product Development - The company has strong R&D capabilities, launching significant products such as the world's largest lithium battery forklift and a series of new warehouse vehicles [4]. - The second-generation hybrid stacker has improved fuel efficiency by 69% and operational efficiency by 25% [4]. - The company aims to transition towards high value-added products, which is expected to positively impact revenue performance [4]. Future Outlook - The domestic manufacturing demand is expected to stabilize, supported by trends in automation and growth in smart logistics and aftermarket services [4]. - Despite short-term uncertainties in international trade, the company’s advantages in new energy products and ongoing overseas expansion are anticipated to drive steady growth in international revenue [4]. - Projected net profits for 2025 and 2026 are 1.409 billion yuan and 1.627 billion yuan, respectively, with corresponding price-to-earnings ratios of 10x and 9x [4].