In the financial report for Q1 2025, parent company INN recorded total revenue of 150 million USD, down 10% compared to the same period last year. Gross profit reached 50 million USD with a gross profit margin of 33%. Operating expenses, including selling and administrative costs, increased by 5%, leading to a pre-tax profit of 10 million USD, a decrease of 20% from Q1 2024. The company stated that the decline in revenue was mainly due to market competition and decreased demand from large customers. However, the company has implemented cost reduction measures and optimized production processes to improve financial efficiency. It forecasts that in Q2, INN will continue to exploit opportunities in new markets and implement marketing strategies to boost revenue. The management reiterated its commitment to delivering value to shareholders.
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