Autel Tech forecasts strong Q1 2025 profit growth

Autel Intelligent Technology Corp (SSE:688208) announced a voluntary disclosure forecasting a substantial increase in net profit attributable to shareholders for the first quarter of 2025. The company anticipates net profit to range from ¥180 million to ¥200 million, a jump of ¥55.2493 million to ¥75.2493 million compared to the same period last year, representing a year-on-year growth of 44.29% to 60.32%. The expected net profit after deducting non-recurring gains and losses is also projected between ¥180 million and ¥200 million, representing an increase of ¥55.0974 million to ¥75.0974 million year-on-year, for growth between 44.11% and 60.12%. The company attributes this growth to its "Embrace AI" strategy, enhancing product competitiveness and market share. The AI-powered products and solutions have increased the company's earnings. Autel Tech is also expanding its AI robot business and implementing digital transformation to improve operational efficiency.