涛涛车业(301345) - 301345涛涛车业投资者关系管理信息20251025

Financial Performance - The company achieved a revenue of CNY 2.773 billion from January to September 2025, representing a year-on-year growth of 24.89% [2] - Net profit for the same period reached CNY 607 million, with a significant year-on-year increase of 101.27% [2] - In Q3 2025, revenue was CNY 1.060 billion, up 27.73% year-on-year, while net profit was CNY 264 million, reflecting a growth of 121.44% [2] Gross Margin Improvement - The increase in gross margin in Q3 2025 was primarily due to the price adjustments on electric golf carts, which began in July 2025 [3] - Price hikes covered the increased costs and tariffs associated with production in Vietnam, leading to improved profitability [3] Market Demand in the U.S. - The company’s dealers now cover most states in the U.S., with increasing demand from inland states [5] - The introduction of the second brand TEKO has been well-received, with notable customers purchasing multiple brands [5] - Media coverage highlights the growing application of electric golf carts in communities across the U.S. [5] Production Capacity - The production capacity in Vietnam has significantly increased, ensuring sufficient supply for the U.S. market [6] - Local manufacturing in the U.S. is set to begin mass production in November 2025, with plans to gradually increase capacity [6] - The Thai production base is under construction and is expected to start normal operations in Q2 2026 [6] Future Outlook - The company anticipates strong sales in Q4 2025 due to the holiday shopping season, with preparations underway to meet demand [7]