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Freewon China Q1 net profit decreased by 48% year-on-year, focusing on the humanoid robot parts market.
① Despite the fluctuations in the photovoltaic Industry, losses from new projects, and increased financial costs putting pressure on profits, Freewon China has performed remarkably well in the 3C precision Metal components and electric tools Business, and is expanding into the humanoid Siasun Robot&Automation components market; ② Freewon China plans to invest 1 billion yuan to build a manufacturing base in Nantong.
2024 ANNUAL REPORT
2024 Annual Report Summary
2025 First Quarter Report
Freewon China (688678.SH) released its first-quarter performance, with a net income of 14.0922 million yuan, a year-on-year decrease of 48.04%.
Freewon China (688678.SH) released its first quarter report for 2025, with the company's first quarter revenue at 3.3...
Freewon China (688678.SH): The company's main raw material suppliers are primarily domestic, with a relatively low proportion imported from the USA.
On April 8, Glonghui reported that Freewon China (688678.SH) stated on the investor interaction platform that most of the company's foreign sales business is completed through domestic bonded zones, with products directly exported to the USA accounting for about 0.67% of revenue. The company's raw material suppliers are mainly domestic, with a relatively low proportion of imports from the USA. Sales to major customers do not involve direct exports of products to the USA, instead, they are sent to designated domestic assembly manufacturers.
Returns On Capital Signal Tricky Times Ahead For Freewon ChinaLtd (SHSE:688678)
