The Q1 2025 financial report of VE9 shows a net profit of $10 million, a 15% increase from the same period last year. Revenue in the quarter reached $50 million, up 20% compared to Q1 2024. This growth was driven by increased sales in new product lines and market expansion. However, operating costs also increased due to rising raw material and labor costs. The gross profit margin remained stable at 60%, while the operating expense ratio to revenue was 35%. The company invested $5 million in research and new product development, demonstrating its commitment to expansion and product improvement. It is expected that in the next quarter, the company will continue to be affected by market fluctuations but anticipates profit growth due to newly signed contracts and improved production efficiency.
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