From：Internet Info Agency 2026-09-08 11:24:10
On September 8, Zotye Auto’s stock price surged by the daily trading limit, closing at RMB 1.84 per share, with a total market capitalization of RMB 9.278 billion. A representative from the company’s securities affairs department stated that the three non-independent directors elected at the fourth extraordinary general meeting of shareholders held on September 7 for the year 2026 had no direct causal link to the stock price increase, emphasizing that the price movement was driven purely by market forces. The company also noted it plans to launch new vehicle models within this year but stressed, “This is only a plan.” According to Zotye Auto’s interim report for the first half of 2026, released on August 28, the company reported revenue of RMB 190 million during the reporting period, a 32.08% year-on-year decline. Net profit attributable to shareholders of the listed company reached RMB 803.9 million, compared to a net loss of RMB 1.48 billion in the same period last year, representing a 154.36% year-on-year improvement and marking a return to profitability. The report indicated that the company remains in the phase of resuming production and operations, with current revenues primarily derived from automotive components and door manufacturing—a reflection of its transitional stage. The interim report also disclosed that the styling freeze for the new vehicle model was completed by the end of June, with engineering data release and supplier nominations for most components finalized concurrently. Component and vehicle testing are progressing systematically, and the overall project timeline remains on track. Regarding production line upgrades, comprehensive renovation and maintenance activities have commenced at the manufacturing facility. Design work for in-house tooling, molds, and fixtures has begun, with some already entering the manufacturing phase, and collaborative validation of products and processes has been initiated.
