Zotye Auto Reports H1 2026 Revenue of RMB 190 Million, Down 32.08% YoY; New Model Design Finalized

Zotye Auto released its 2026 interim financial report on the evening of August 28, 2026. During the reporting period, the company generated revenue of RMB 190 million, a year-over-year (YoY) decrease of 32.08%. Net profit attributable to shareholders of the listed company amounted to RMB 80.39 million, compared to a net loss of RMB 148 million in the same period last year, representing a YoY increase of 154.36% and marking a return to profitability. However, net profit attributable to shareholders of the listed company, excluding non-recurring gains and losses, stood at a loss of RMB 152 million, compared to a loss of RMB 108 million in the same period last year, reflecting a YoY decline of 40.31%. Net cash flow from operating activities reached RMB 89.17 million, turning positive from a negative RMB 56.22 million in the same period last year, an increase of 258.62%. Basic earnings per share were RMB 0.02, up from a loss of RMB 0.03 per share in the same period last year, an increase of 166.67%. The weighted average return on equity was 51.93%, compared to -91.82% in the same period last year, an improvement of 143.75 percentage points. As of the end of June 2026, the company’s total assets amounted to RMB 3.316 billion, down 3.75% from the end of 2025, while net assets attributable to shareholders of the listed company totaled RMB 195 million, an increase of 70.34% compared to the end of 2025. During the reporting period, the company focused its core efforts on resuming production and operations. Revenue primarily came from automotive components and door-related businesses. The styling freeze for its new vehicle model was completed by the end of June 2026, with engineering data release and supplier selection for most components finalized concurrently. Component and vehicle testing are progressing in an orderly manner. Comprehensive upgrades and maintenance of factory production lines have been fully initiated. Design work for in-house molds and fixtures has commenced, with some already entering the manufacturing phase, and collaborative validation of products and processes has officially begun.