Hopechart expects a profit, with an estimated net profit attributable to the parent company of approximately 33 million yuan for the half-year, turning losses into profits
Hopechart expects a net profit attributable to the parent company of approximately 33 million yuan in the first half of 2025, turning losses into profits. The company's commercial vehicle business revenue is steadily growing, passenger vehicle business sales revenue is expanding, and the two-wheeler business is gradually entering large-scale production, significantly increasing revenue. The gross profit margin has improved year-on-year, and R&D expenses have decreased, helping the company achieve profitability
According to the announcement from Hongquan IoT (688288.SH), the company expects a net profit attributable to the parent company's owners of approximately 33 million yuan for the first half of 2025, turning a profit compared to a loss in the same period last year.
The company's commercial vehicle business segment has maintained steady growth in revenue; the passenger vehicle business has further expanded its sales revenue scale as controller projects have gradually transitioned to production; the two-wheeler business has seen some projects gradually enter mass production, resulting in a significant increase in revenue. Additionally, due to changes in the revenue structure of product business, the gross profit margin has improved year-on-year, while R&D-related expenses have decreased year-on-year, leading to a turnaround from loss to profit in this period
