The Q1 2025 financial report of HVA indicates a promising business performance. Revenue reached 5 million USD, a 10% increase compared to the same period last year, driven by increased domestic demand and effective exploration of export markets. Gross profit stood at 2 million USD, with a gross profit margin of 40%. However, the company also faces rising operational costs due to inflation and increasing input material prices. Management and selling expenses increased by 15%, putting pressure on net profit. Total net profit for the first quarter was 800 thousand USD, down 5% from Q1 2024. HVA has invested significantly in research and product development, expected to launch in the next quarter. The company is also considering plans to expand operations into new markets to maintain growth momentum in the future.
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