山寨车鼻祖，上半年只卖了14辆车

Core Viewpoint - The announcement from Zotye Auto indicates significant operational challenges, including the forced dismantling of production lines and uncertainty regarding the company's ability to resume production, raising concerns about its financial stability and potential delisting risks [1][3][4]. Group 1: Operational Status - Zotye Auto's subsidiary in Hunan has had its T300 production line dismantled by court order, and the company has stated it cannot resume operations this year [1]. - Both of Zotye Auto's production bases in Changsha and Yongkang are currently inactive, with no vehicle production reported for the year [3]. - The company has confirmed that it has no operational 4S stores in China at present [3]. Group 2: Financial Health - As of the first half of the year, Zotye Auto reported equity attributable to shareholders of approximately 87.25 million yuan, and failure to resume operations could lead to negative net assets by year-end, posing delisting risks [4]. - The company has only confirmed the delivery and sale of 14 vehicles from a prior order in Algeria for 2025 [3]. Group 3: Management Changes - Zotye Auto has recently laid off two vice presidents, with the new acting president, Xie Lihong, taking on multiple roles, including that of board secretary and financial director [4]. - The reported annual salaries for key executives, including the chairman and vice presidents, exceed 5 million yuan collectively [4]. Group 4: Market Performance - As of the latest trading session, Zotye Auto's stock price is 2.81 yuan per share, reflecting a decline of 0.71%, with a total market capitalization of 14.17 billion yuan [5].