Press parts leader Jushang (2476) announced its latest earnings on the 2nd, reporting a net profit of 224 million yuan for Q1 2025, a decrease of 15.97% quarter-over-quarter but an increase of 0.67% year-over-year. Earnings per share (EPS) stood at 1.07 yuan. The stock closed at 73.8 yuan on the same day, reflecting an 8.05% increase over the previous week.

Jushang has actively transformed its business in recent years, focusing on automotive, medical, and AI applications. Starting in Q2 2025, new plants in various locations will come online, and strong order growth is expected to significantly boost operational momentum.

For Q1 2025, Jushang reported revenues of 1.646 billion yuan, with a gross margin of 29.27%, a decline of 2.23 percentage points from the previous quarter and down 0.82 percentage points year-over-year. The net profit remained at 224 million yuan, consistent with the previous year despite the quarter-over-quarter decline. As new plants in Taiwan, China, and the Philippines begin production, Jushang's capacity expansion is projected to enhance overall gross margins and operational vitality. Additionally, driven by AI demand in cloud and data centers, Jushang's AI applications currently account for 15% of its business, with stable order growth attracting new customer commitments, injecting strong momentum into operations for 2025.