Kuchin Technology: Net profit in the first quarter increased by 386% year-on-year, slightly exceeding the performance forecast.

Torch Technology released its first quarter report for 2025, with the company achieving operating income of 192 million yuan, a year-on-year increase of 62.03%, setting a new historical high for quarterly operating income. Net profit attributable to shareholders of the listed company was 41.4497 million yuan, an increase of 385.67% year-on-year. The main reason is that the company's products have performed exceptionally well, leading to a significant increase in operating income. At the same time, the product and customer structure has continued to be optimized, resulting in rapid growth in gross profit and net profit. Note: Torch Technology had previously released a first quarter earnings forecast, expecting a net profit of approximately 41.3 million yuan, a year-on-year increase of 383.91%. The actual net profit for the first quarter in this announcement increased by 385.67% year-on-year, exceeding the previous performance forecast increase of 383.91%.