ZOTYE(SZ:000980) Mei Ri Jing Ji Xin Wen·2025-09-01 12:33Core Viewpoint - Zhongtai Automobile (000980.SZ) faces significant operational challenges as its subsidiary's production line for the T300 model has been ordered for demolition by the Chongqing court, leading to uncertainty in the company's ongoing viability [1] Financial Performance - In 2024, Zhongtai Automobile reported total revenue of 558 million yuan, a year-on-year decline of 23.96% [5] - The net profit attributable to shareholders was -1 billion yuan, representing an increase in losses of 6.82% compared to the previous year [5] - The company sold only 14 vehicles in 2024, a staggering year-on-year decrease of 98.74%, with production volume recorded at zero [5] - The company held an inventory of 336 vehicles, slightly down from 350 vehicles in 2023 [5] Asset Impairment - The company disclosed that it recognized an asset impairment provision totaling approximately 1.01 billion yuan, which directly impacted the net profit for 2024 [6] - This impairment provision was the primary reason for the reported net loss of 1 billion yuan [6] Market Reaction - Despite the negative news regarding operational challenges, Zhongtai Automobile's stock opened with a significant surge, closing at 2.83 yuan, with a market capitalization of 14.27 billion yuan [2][4]