Wanxiang Doneed's Q1 2025 earnings decline 34%, plans investor call

Wanxiang Doneed (SSE:600371) reported a 34.41% year-over-year decrease in net profit attributable to shareholders for the first quarter of 2025, with profits falling to CNY 22,679,207.62 compared to CNY 34,578,742.51 in the same period last year. Revenues also declined by 21.87% to CNY 73,067,901.82. The company attributes the earnings decline to reduced sales volume. To address investor concerns, Wanxiang Doneed will hold a combined 2024 annual results and first-quarter 2025 performance briefing on May 28th, accessible via live webcast through the Shanghai Stock Exchange's roadshow center. Investors are invited to submit questions in advance through the roadshow platform or via email.