Smart Electric reported a revenue of 6.57 billion yuan for the first quarter, reflecting a 24.8% increase compared to the previous year. This announcement was made on April 24, 2025, at 13:59 via the Zhongxin Finance new media app. Smart Electric (stock code: 002169) disclosed its first-quarter earnings, showing a revenue of 6.57 billion yuan, which is up 24.8% year-on-year. The total revenue for the same period last year was 615.3 million yuan, increasing to 370.4 million yuan this year.
The growth was attributed to a rise in sales volume. The revenue from the sales of electric vehicles rose from <b>470.2 million yuan</b> last year to <b>358.3 million yuan</b> this year, indicating a slight decrease in sales volume. The net profit during this quarter was <b>-1.03 billion yuan</b>, marking a <b>51.2% decrease</b> compared to the previous year, while the EPS (earnings per share) was <b>-0.0473 yuan</b>.
By the end of the first quarter, Smart Electric had total assets amounting to <b>90.48 billion yuan</b>, up <b>4.0%</b> from the previous year. The company's liabilities were <b>26.81 billion yuan</b>, down <b>0.6%</b> from the previous year. The revenue report highlighted the main business and operational challenges faced by the company.
Smart Electric specializes in electric equipment and energy storage systems, focusing on providing high-efficiency solutions for electric power generation. The company has also expanded its child companies to enhance its value in response to fluctuations in raw material prices.
In this quarter, Smart Electric has made progress in the construction of energy storage power stations and production lines, with a significant increase in capital investment. Additionally, the company is addressing financial challenges, reporting a net cash flow of <b>-1.03 billion yuan</b> in the first quarter, indicating a decrease in operational liquidity.
Smart Electric is also engaging in energy procurement and construction projects, which are expected to result in increased production capacity and business expansion. The company has managed to maintain a relatively stable operational foundation despite the fluctuating market conditions.
In summary, Smart Electric's business strategies and market responses are aimed at adapting to the changing dynamics of the market and enhancing its operational efficiency.
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