Core Viewpoint - Qingmu Technology (301110.SZ) expects a net profit attributable to shareholders of 117.70 million to 135.81 million yuan for 2025, representing a growth of 30% to 50% compared to the same period last year [1] - The growth in the company's business is primarily driven by the increase in e-commerce agency operations, with existing projects and some newly added projects achieving significant performance growth, along with contributions from distribution agency projects and brand incubation and management services [1] Financial Performance - Expected net profit for 2025: 117.70 million to 135.81 million yuan, a growth of 30% to 50% year-on-year [1] - Expected net profit after deducting non-recurring gains and losses: 101.52 million to 117.13 million yuan, also reflecting a growth of 30% to 50% year-on-year [1] Business Growth Drivers - The increase in e-commerce agency operations is a key factor in the company's steady business growth [1] - Performance growth is attributed to both existing projects and newly added projects during the reporting period [1] - Additional revenue is generated from distribution agency projects and brand incubation and management services [1]

Group 1 - The company, Qingmu Technology, forecasts a net profit attributable to shareholders of approximately 118 million to 136 million yuan for 2025, representing a year-on-year growth of 30% to 50% [1] - The main reason for the performance change is the continued growth momentum of the company, with overall performance showing sustained improvement [1] - The steady growth in the company's business is primarily driven by the growth of its e-commerce agency operations, with both existing and newly added projects achieving good performance growth [1] Group 2 - The company also experienced performance growth from its distribution agency projects and brand incubation and management services [1]