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Little Bear Electric: Report for the first quarter of 2025
Bear Electric Appliance (002959.SZ): In the first quarter, the net income was 0.13 billion yuan, a year-on-year decrease of 13.96%.
On April 29, Gelonghui reported that Bear Electric Appliance (002959.SZ) released its Q1 2025 report. During the reporting period, it achieved a revenue of 1.32 billion yuan, an increase of 10.58% year-on-year; the net income attributable to shareholders of the listed company was 0.13 billion yuan, a decrease of 13.96% year-on-year; the net income attributable to shareholders of the listed company after deducting non-recurring gains and losses was 0.124 billion yuan, an increase of 8.24% year-on-year; the basic EPS was 0.8261 yuan.
Huaxi: The trend of reducing internal competition on platforms has become a new trend, and the average price of Small Appliances has significantly recovered.
Under top-down policy guidance, anti-involution on the platform has become a new trend. Coupled with a fierce price war, the clearance at the tail end has accelerated, and the average price of Small Appliances has significantly improved.
Bear Electric Appliance (002959.SZ): No components of the company's products are currently imported from abroad.
According to Gelonghui on April 11, Bear Electric Appliance (002959.SZ) stated on the investor interaction platform that in 2024, the company's foreign sales revenue is 668,174,721.73 yuan, accounting for 14.04% of the revenue, with a wide distribution of overseas customers, including regions such as Southeast Asia, Europe, and North America. Export channels include cross-border e-commerce, ODM/OEM, and export distribution. There are currently no components of the company's products imported from abroad.
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