FHM(300613)2025-04-28 09:28Group 1: Financial Performance - In Q1 2025, the company achieved a sales revenue of 318 million yuan, a year-on-year decrease of 11.00% [2] - The net profit attributable to shareholders was 14.64 million yuan, down 59.46% compared to the previous year [2] - The revenue decline was primarily due to strategic inventory control by major customers, resulting in a decrease of 39.36 million yuan in revenue, which impacted gross profit by approximately 15.08 million yuan [2][3] Group 2: Market Outlook and Strategy - The company remains optimistic about the market opportunities arising from advancements in AI technology and is actively expanding its market presence [3] - Sales expenses increased by approximately 3.82 million yuan compared to the same period last year [3] - The company is focusing on diversifying its customer base and enhancing product offerings to meet various customer needs [3] Group 3: Product Development and Demand - The demand for professional video products has decreased due to inventory control by major clients, while sales in smart IoT and smart vehicle-related businesses have seen growth [14] - The company has launched a product in the industrial and machine vision sector, with positive progress expected as automation demands increase [9] - AI-powered ISP products are currently under development, with anticipated growth in sales volume expected in the second half of the year [12][13] Group 4: Customer Engagement and Feedback - Customers are looking for broader product lines, indicating a desire for the company to expand beyond video business [3] - The company is exploring wireless connectivity products through industry funds, with existing Wi-Fi products already achieving bulk sales [3] - The company is committed to building a robust ecosystem involving original manufacturers, solution providers, and equipment manufacturers to enhance product sales [7]