In the Q1 2025 financial report of CQN, total revenue reached 150 million USD, a 10% increase year-on-year. The net profit was 30 million USD, corresponding to a profit margin of 20%. Operating costs were well-controlled, rising only 5% compared to Q1 2024.
CQN continues to expand its market and increase investments in new projects, particularly in technology and services. Despite facing some challenges from the global economic situation, the company is confident in its recovery and growth capabilities due to its flexible business strategy and industry competitiveness.
Management emphasizes that optimizing production processes and developing new products will be key to maintaining growth momentum in the coming quarters. Full-year revenue for 2025 is forecasted at approximately 600 million USD, with profits expected to be no less than 120 million USD. The company will continue efforts to maintain its leading position in the market.
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