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Zotye Auto: Report for the first quarter of 2025
Zotye Auto: 2024 Annual Report
Zotye Auto: 2024 Annual Report Summary
Zotye Automobile (000980.SZ): Net loss of 1 billion yuan in 2024.
On April 27, Gelonghui reported that Zotye Automobile (000980.SZ) announced its 2024 annual report. During the reporting period, the company achieved overall sales revenue of 0.558 billion yuan, a year-on-year decrease of 23.96%, and a net income attributable to shareholders of the listed company of -1 billion yuan, a year-on-year increase in loss of 6.82%. The main reason is that the company's complete vehicle Business is still in a recovery phase, coupled with the impact of the external environment, resulting in low production and sales volume of complete vehicles during the reporting period, leading to a low total sales revenue. At the same time, the company made provisions for asset impairment and bad debts, thus the company for 2024.
Individual Investors Are Zotye Automobile Co., Ltd's (SZSE:000980) Biggest Owners and Were Hit After Market Cap Dropped CN¥1.2b
Another car company in trouble? Zotye Automobile adds 0.18 billion yuan in debt, and may report losses exceeding 1.2 billion in 2024.
Debt chain explosion.