In the Q1 2025 financial report, company L14 recorded a 15% year-on-year increase in revenue, reaching $300 million. Gross profit also rose by 10% to $120 million due to reduced production costs and optimized processes. However, management and selling expenses increased by 5%, leading to a 2% increase in net profit, which reached $50 million. The company also invested $50 million in research and development to improve products and enhance service quality. For Q2, the company expects continued revenue growth thanks to the development of new product lines and market expansion. However, challenges such as climate change impacts and rising raw material costs could pose significant obstacles. The company is committed to implementing necessary measures to maintain stable production and customer service.
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