Core Viewpoint - The company, Zotye Automobile, is facing significant challenges in resuming production due to a lack of operational funds and unresolved historical issues, which has resulted in no vehicle production this year [2][3][4]. Financial Performance - Zotye Automobile reported a total revenue of 558 million yuan for 2024, a year-on-year decline of 23.96%, and a net loss attributable to shareholders of 1 billion yuan, an increase in loss of 6.82% compared to the previous year [2]. - As of December 31, 2024, the company's net assets were 234 million yuan, down from 1.235 billion yuan the previous year, marking a decrease of 1 billion yuan or 80.98% due to a 1 billion yuan loss from asset impairment [5]. - By the end of Q1 2025, net assets further declined to 131 million yuan, a drop of 1.03 billion yuan or 43.88% from the previous year-end, primarily due to a loss of 1.03 billion yuan in Q1 [5]. Operational Challenges - The company is currently unable to resume production due to frozen accounts and a lack of operational funds, with ongoing negotiations with its second-largest shareholder, Zheshang Bank, to unfreeze assets [3][4]. - Zotye's production has been zero this year, with only 14 vehicles sold, a 98.74% decrease in sales volume compared to the previous year [6][7]. Strategic Initiatives - Despite production halts, the company is focusing on international market expansion, particularly in Algeria and Iran, and has secured orders for 1,200 vehicles, with deposits already received [6][7]. - Zotye is restructuring its organization to optimize operations, including the establishment of a marketing center and product planning department, while also addressing staffing issues in key positions [7]. Future Outlook - The company aims to resume production at its Chongqing base once funding issues are resolved and is actively negotiating with local government regarding historical debt [6]. - Zotye is also working on a cost-reduction strategy for its supply chain to ensure timely delivery of components for future production [7].

Core Viewpoint - The resignation of ZHONGTAI Automobile's vice president, Fan Chengwei, highlights the company's struggles amid a critical transformation phase in the Chinese automotive industry, raising questions about the ability of the new acting president, Xie Lihong, to lead the company out of its current difficulties [1][3]. Company Overview - ZHONGTAI Automobile announced the resignation of vice president Fan Chengwei after only seven months in office, with Xie Lihong stepping in to take on multiple roles including acting president and financial director [1][2]. - The company is facing significant financial challenges, with a reported revenue of 558 million yuan in 2024, a year-on-year decline of 23.96%, and a net loss of 1 billion yuan [3]. - As of June 26, the company's stock price was 2.08 yuan per share, with a total market capitalization of 10.488 billion yuan [4]. Management Changes - Xie Lihong, with a background in finance and experience in various industries, is now tasked with navigating the company through its financial crisis [2][5]. - The company has seen a reduction in employee numbers from 2,304 at the end of 2023 to 1,707, alongside multiple executive departures, reflecting the broader challenges faced by traditional automakers in China [6]. Industry Context - The automotive industry is experiencing increased concentration, making it more difficult for ZHONGTAI to reverse its fortunes [5]. - The company previously achieved peak sales of 330,000 vehicles, but its strategy has faltered in the face of the 2018 electric vehicle wave, necessitating a focus on product strength for recovery [5][6]. - The ongoing transformation in the automotive sector is marked by a collective anxiety and hope as companies adapt to the trends of electrification and smart technology [6].

华泰联合证券有限责任公司 2017 年重大资产重组限售股份上市流通的核查意见 2017 年，黄山金马股份有限公司（公司现已更名为"众泰汽车股份有限公司"，以 下简称"上市公司"）完成了以发行股份的方式对铁牛集团有限公司（以下简称"铁牛集 团"）等 22 名交易对方合计持有的永康众泰汽车有限公司（以下简称"永康众泰汽车" 或"标的公司"）100%股权的收购，并完成配套资金募集。 华泰联合证券有限责任公司（以下简称"华泰联合证券"、"独立财务顾问"）作为上 市公司该次发行股份购买资产并募集配套资金暨关联交易的独立财务顾问，根据《上市 公司重大资产重组管理办法》、《深圳证券交易所股票上市规则》的相关规定，对上市公 司该次重大资产重组部分限售股份上市流通的事项进行了核查，核查具体情况如下： 一、本次解除限售股份取得的基本情况 2017 年 4 月 6 日，上市公司收到中国证券监督管理委员会下发的《关于核准黄山金 马股份有限公司向铁牛集团有限公司等发行股份购买资产并募集配套资金的批复》（证 监许可[2017]454 号），核准上市公司向铁牛集团等 22 名交易对方发行股份购买标的公 司 100%股权，并核准上市公司非公 ...

证券代码：000980 证券简称：众泰汽车 公告编号：2025—046 众泰汽车股份有限公司 关于 2017 年重大资产重组限售股份上市流通的提示性公告 本公司及董事会全体成员保证公告内容真实、准确、完整，没有虚假记载、 误导性陈述或重大遗漏。 特别提示： 1、公司本次解除限售的股份数量共计为 39,836,755 股，占公司总股本的 0.79%，为公司 2017 年发行股份购买资产并募集配套资金暨关联交易中非公开发 行的有限售条件股份。 2、本次有限售条件的流通股上市流通日为 2025 年 6 月 27 日。 一、本次解除限售股份取得的基本情况 2017 年 4 月 6 日，众泰汽车股份有限公司（以下简称"公司"、"众泰汽 车"或"上市公司"）收到中国证券监督管理委员会下发的《关于核准黄山金马 股份有限公司向铁牛集团有限公司等发行股份购买资产并募集配套资金的批复》 （证监许可[2017]454 号），核准公司向铁牛集团有限公司（以下简称"铁牛集 团"）等 22 名交易对方发行股份购买其合计持有的永康众泰汽车有限公司（以 下简称"永康众泰汽车"或"标的公司"）100%股权，并核准公司非公开发行不 超过 218 ...

证券代码：000980 证券简称：众泰汽车 公告编号：2025-044 众泰汽车股份有限公司 公司于 2025 年 6 月 23 日召开公司第八届董事会 2025 年度第六次临时会议，审议通 过了《关于聘任副总裁并授权代行总裁职责的议案》，公司董事会同意聘任公司董事会秘 书谢丽红女士（简历见附件）为公司副总裁，其任期与公司第八届董事会任期一致。同时 为促进公司经营发展、保障业务平稳运行，董事会同意授权谢丽红女士代行总裁职责，直 至董事会聘任新任总裁之日止。谢丽红女士代行总裁职责期间，将严格按照《公司章程》 等相关制度的要求履行职责。 特此公告。 众泰汽车股份有限公司董事会 2025 年 6 月 23 日 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记 载、误导性陈述或重大遗漏。 一、副总裁辞职的情况 众泰汽车股份有限公司（以下简称"公司"）于近日收到代行总裁职责的副总裁樊成 伟先生的辞职报告，樊成伟先生因个人原因申请辞去公司副总裁职务，其辞职报告自送达 公司董事会之日起生效，辞职后樊成伟先生将不再担任公司任何职务。 樊成伟先生原定任期已于 2025 年 2 月 16 日届满。截至本公告披 ...

楼渊明先生联系方式如下： 证券代码：000980 证券简称：众泰汽车 公告编号：2025-045 众泰汽车股份有限公司 关于变更证券事务代表的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记 载、误导性陈述或重大遗漏。 众泰汽车股份有限公司（以下简称"公司"）于 2025 年 6 月 23 日召开公司第八届董 事会 2025 年度第六次临时会议，审议通过了《关于聘任证券事务代表的议案》，鉴于公 司证券事务代表许子军先生已离职，经公司董事长提名，公司董事会同意聘任楼渊明先生 （简历见附件）为公司证券事务代表，协助董事会秘书履行相关职责，其任期与公司第八 届董事会任期一致。 楼渊明先生已取得深圳证券交易所颁发的上市公司董事会秘书培训证明，具备担任证 券事务代表所需的专业知识、工作经验和相关素养，其任职资格符合《中华人民共和国公 司法》《深圳证券交易所股票上市规则》等相关法律法规和规范性文件的规定。 1、地址：浙江省金华市永康市经济开发区北湖路 1 号 2、电话：0579-89270888 3、邮箱：zqb@zotye.com 特此公告。 楼渊明先生未持有公司股份，与持有公司 5%以上股份 ...

证券代码：000980 证券简称：众泰汽车 公告编号：2025-043 3、公司董事 8 名，实际参加会议表决董事 6 名，董事吕斌先生、楼敏先生因个人原 因未能亲自出席，也未委托他人参加。 4、本次会议由董事长胡泽宇先生主持。 众泰汽车股份有限公司 第八届董事会 2025 年度第六次临时会议决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记 载、误导性陈述或重大遗漏。 一、董事会会议召开情况 1、众泰汽车股份有限公司(以下简称"公司")第八届董事会 2025 年度第六次临时会 议以书面或通讯方式于 2025 年 6 月 21 日发出会议通知。 2、会议于 2025 年 6 月 23 日以通讯方式召开。 5、本次会议的召开符合有关法律、行政法规、部门规章、规范性文件和公司章程的 规定，会议合法有效。 二、董事会会议审议情况 经与会董事认真审议，投票表决，会议作出如下决议： 1、审议通过《关于聘任副总裁并授权代行总裁职责的议案》 表决结果：同意 6 票，反对 0 票，弃权 0 票，获得通过。 具体内容详见同日刊登在巨潮资讯网（http://www.cninfo.com.cn）上的《公 ...

众泰汽车（000980）公告，公司副总裁樊成伟因个人原因辞职，辞职报告已送达公司董事会并生效。樊 成伟辞职后将不再担任公司任何职务。樊成伟原定任期已于2025年2月16日届满。谢丽红被聘任为公司 副总裁，任期与第八届董事会任期一致，并被授权代行总裁职责直至董事会聘任新任总裁之日止。 ...

Group 1 - Chery launched the new fuel vehicle Aiyreze 8 PRO, emphasizing its capability as a family car that can also perform on the racetrack. The Aiyreze 8 series has achieved global sales of over 400,000 units in 33 months since its launch [7] - Leap Motor announced that its cumulative delivery volume has surpassed 800,000 units, with the 2026 model of the C16 officially launched and deliveries commencing nationwide. In May, Leap Motor delivered 45,067 vehicles, a year-on-year increase of over 148%, setting a record for monthly deliveries [1][5] - Geely introduced the industry's first AI-powered intelligent power domain system, Starry AI Cloud Power 2.0, which enhances the efficiency of its hybrid engine from 46.5% to 47.26%. The hybrid vehicle market in China has seen a tenfold increase in sales from 2020 to 2023 [2][5] - Zotye Auto announced a warning regarding potential delisting risks due to a lack of operational funds, with no vehicle production this year and only 14 units shipped to Algeria. The company faces financial risks and operational crises if it cannot resume production by 2025 [3][5] Group 2 - Buick has introduced a 1:1 compensation policy for its new electric vehicle E5, promising to replace the vehicle if it catches fire due to battery quality issues within one year of delivery. The starting price for the new Buick E5 is 149,900 yuan [4][5] - Safety concerns regarding electric vehicles are significant for consumers, with a reported 32% increase in self-ignition rates for new energy vehicles in the first quarter of 2023, averaging eight incidents per day [6]

Core Viewpoint - The company, Zotye Automobile, is facing severe financial difficulties, with a lack of operational funds leading to halted production and significant losses, raising concerns about its future viability and potential delisting risks [5][15]. Financial Performance - Zotye Automobile reported revenues of 783 million yuan, 734 million yuan, and 558 million yuan for the years 2022, 2023, and 2024 respectively, with net losses of 920 million yuan, 937 million yuan, and 1 billion yuan during the same period [9]. - The company's net assets decreased from 1.235 billion yuan at the end of 2023 to 234 million yuan at the end of 2024, a decline of 80.98% primarily due to a 1 billion yuan loss attributed to asset impairment [13]. Production and Sales - The company has not resumed production in 2024, with a reported production volume of 0 and sales of only 14 vehicles [6][10]. - Zotye's main revenue sources have shifted to automotive components, with minimal contributions from complete vehicle sales [10]. Operational Challenges - The company is currently unable to restart its vehicle production due to a lack of operational funds, which has also hindered new product development and recruitment efforts [8][18]. - As of the end of 2024, Zotye had 1,707 employees, with a significant portion in production roles, yet the company only sold 14 vehicles that year [11]. Management and Governance - Despite the financial struggles, the company's executives received a total compensation of approximately 9.55 million yuan in 2024, a 61.45% increase from the previous year, raising questions about the justification for such high salaries amid ongoing losses [16]. - The company has faced judicial freezes on its accounts due to unresolved debts, complicating its ability to secure necessary funding for operations [19].