The increase in gross profits of the copper and cobalt sectors drove an increase in net profit attributable to the parent company In the first quarter of 2025, the company's operating income was 46.01 billion yuan (RMB, the same below) with a year-on-year decrease of 0.25%; the gross profit margin was 22.3%; the net profit attributable to the parent company was 3.95 billion yuan with a significant year-on-year increase of 90.47%, mainly due to the company's copper and cobalt product...
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Financial summary In the first quarter of 2025, the company achieved total revenue of 111.3 billion yuan (RMB, same below), representing a 47.4% year-on-year increase; in terms of profitability, operating profit reached 13.1 billion yuan, up 256.4% year-on-year, while adjusted net profit hit 10.7 billion yuan, reaching a historic high with a 64.5% year-on-year growth. For segment revenue, 1Q25 smartphone × AIoT revenue amounted to 92.7 billion yuan, growing 22.8% year-on-year, primarily driven by increased smartphone shipments; innovative businesses including...
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