Honghe Technology: In the first quarter of 2025, the company's led and business display business in the US market achieved significant revenue breakthroughs

April 28th, Honghe Technology stated in a conference call on April 27th that the first quarter of 2025 will be affected by overseas markets, resulting in a decline in gross profit margin and net profit. The main reason is that the market size of educational interactive tablet products in North America has declined, and the major bids in hand in Europe have not yet begun delivery in the first quarter, and will gradually enter delivery in the second quarter. In the U.S. market, based on the high share and high awareness of the company's global commercial brand newline, the company continues to develop new products and technologies, including LED and commercial display hardware products, as well as new AI technology applications, information release business software, etc. In the first quarter of 2025, the LED and commercial display business achieved significant revenue breakthroughs, and at the same time successfully completed the first high-value sales of application software in the US market. It is expected that the proportion of revenue from new products and new businesses will further increase by the end of the year.