ZOTYE(SZ:000980) Mei Ri Jing Ji Xin Wen·2025-09-01 12:35Core Viewpoint - Zhongtai Automobile faces significant operational challenges, including the forced dismantling of its T300 production line, leading to uncertainty in its ongoing business viability. Despite these challenges, the company's stock price surged, closing at 2.83 yuan with a market capitalization of 14.27 billion yuan [2]. Financial Performance - In 2024, Zhongtai Automobile reported total revenue of 558 million yuan, a year-on-year decline of 23.96%. The net profit attributable to shareholders was -1 billion yuan, representing an increase in losses of 6.82% compared to the previous year [2]. - The company's vehicle sales plummeted to 14 units in 2024, a staggering year-on-year decrease of 98.74%. Production was reported at 0 units, down from 1,108 units in 2023, while inventory stood at 336 units compared to 350 units in the previous year [2]. Executive Compensation - The total compensation for Zhongtai Automobile's board and senior management reached 9.55 million yuan in 2024, a 61.45% increase from 5.91 million yuan in the previous year. The chairman, Hu Zeyu, received a pre-tax salary of 1.97 million yuan [3]. Asset Impairment - The company disclosed that the primary reason for the 1 billion yuan net loss in 2024 was due to the provision for asset impairment, totaling approximately 1.01 billion yuan, which significantly impacted the profit figures [3].