Truking(SZ:300358)2025-04-29 13:08Financial Performance - In 2024, the company achieved a revenue of 5.83 billion yuan, a decrease of 14.94% compared to the previous year, with a net profit loss of 493 million yuan [1] - In Q1 2025, the company reported nearly 1.1 billion yuan in revenue, a year-on-year decline of 22%, but the net profit loss narrowed due to cost reduction measures implemented since August 2024 [1][2] Operational Adjustments - Since the second half of 2024, the company has implemented various improvement measures, including cost control, efficiency enhancement, and adjustments in marketing strategies, shifting focus from scale to a balance of scale and quality [2] - The company aims to continue these cost-reduction and efficiency-enhancement measures in 2025 while increasing efforts in international market expansion [2] Order and Profitability Outlook - New orders in 2024 remained stable compared to 2023, with a significant increase in export orders but a slight decline in domestic orders [3] - The gross margin for new domestic orders was low in the first half of 2024 but improved in the second half due to strategic adjustments and cost reduction efforts [3] - The company targets to achieve profitability by mid to late 2025, with ongoing efforts to enhance operational efficiency [3] Market Impact and Strategy - The impact of U.S. tariffs on the company's sales is minimal, as exports to the U.S. constitute a small portion of overall revenue [4] - The company has invested in self-research for core components, reducing reliance on direct imports [5] - The European market has shown significant growth, with a focus on promoting competitive and high-quality products [5] Subsidiary Performance - Romaco Group reported a revenue of 208.75 million euros in 2024, a 1.26% increase year-on-year, but net profit decreased by 91.08% due to delivery efficiency issues and supply chain disruptions [5]