ZOTYE(SZ:000980) Ju Chao Zi Xun·2025-04-28 02:47Core Viewpoint - The company reported a significant decline in sales revenue and net profit for the fiscal year 2024, indicating ongoing challenges in its automotive business recovery [3]. Financial Performance - The total sales revenue for 2024 was 558,122,875.47 yuan, representing a year-on-year decrease of 23.96% [3]. - The total profit for the year was -1,003,301,162.94 yuan, marking an increase in losses of 5.35% compared to the previous year [3]. - The net profit attributable to shareholders was -1,000,463,258.24 yuan, reflecting a year-on-year increase in losses of 6.82% [3]. - The net cash flow from operating activities was 500,352,276.85 yuan, showing a significant increase of 396.90% compared to the previous year [3]. Business Operations - The company's automotive manufacturing business has been in a recovery phase since 2022, with production and sales still at low levels in 2023 and 2024 [2]. - The main source of revenue continues to be from automotive parts and door manufacturing, indicating a temporary situation rather than a fundamental change in the main business [2]. - The company has restructured its core functions, and the first new energy vehicle was launched in February 2023 [2].