CARLINK TECH (02531) achieved revenue of approximately 1.38 billion yuan in the first quarter, a decrease of 6.8% year-on-year.

CARLINK TECH (02531) announced that in the first quarter of 2025, it achieved revenue of approximately 138 million yuan, a decrease of 6.8% year-on-year; gross profit of 90 million yuan, an increase of 21.6% year-on-year; and a gross profit margin of 65.2%. The revenue and gross profit of the software and service business increased by approximately 14.3% and 36.9% respectively. In the first quarter of 2025, the hardware business revenue was approximately 26 million yuan, a decrease of 48% compared to the same period last year, while the revenue of the software and service business was approximately 1.12 billion yuan, an increase of approximately 14.3% compared to the same period last year, with the revenue share of software and service business expanding to approximately 81.2%. In the first quarter of 2025, the company continued to enrich the product and service categories of SaaS value-added services, actively meeting the increasing personalized service demands of new energy vehicle owners in the digital light upgrade and digital rights categories, thereby driving the continuous improvement of the number of store customers, store revenue, and gross profit. In the first quarter, the company's SaaS value-added services achieved revenue of approximately 84 million yuan, an increase of approximately 29.2% compared to the same period in 2024. In product research and development, as AI technology matures and gradually popularizes, the company will continue to increase its research and development investment in AI technology application to support the expansion of the company's application service scenarios for intelligent connected cars, continuously improving online marketing automation and offline professional service capabilities. In business development, the company will focus on developing top new energy vehicle enterprise customers. In the first quarter of 2025, the company has already signed business cooperation agreements with subsidiaries of GAC (Guangzhou Automobile Group) and BAIC (Beijing Automotive Industry Holding Co., Ltd.) to collaborate on digital software and service business. The company will actively promote the progress of store expansion, continuously expand the marketing categories of SaaS value-added services, and promote the simultaneous increase of customer quantity and store revenue. In service operation, the company will continue to use technologies such as artificial intelligence and big data algorithms to increase the contribution of revenue and profit per capita, helping the group to improve its ability to generate more revenue and profit through cost savings, and enhance the competitiveness and profitability level of the company's "software payment by performance" model.