ZOTYE(SZ:000980) Zhong Guo Jing Ying Bao·2025-10-14 08:47Core Points - The company announced the decision to stop the disposal of certain idle fixed assets and debt restructuring for its subsidiaries, indicating a shift in strategic direction [2] - The company has faced significant operational challenges since its bankruptcy restructuring in 2021, leading to the dismissal of a key executive [3] - The company's financial performance has deteriorated, with a reported total revenue of 558 million yuan in 2024, a year-on-year decline of 23.96%, and a net loss of 1 billion yuan [3] - The company reported a revenue of 280 million yuan in the first half of 2025, a year-on-year increase of 12.61%, but still posted a net loss of 148 million yuan [4] - The company is at risk of delisting due to negative net assets if it cannot resume operations [4] Financial Performance - In 2024, the company reported total revenue of 558 million yuan, down 23.96% year-on-year [3] - The net profit attributable to shareholders was -1 billion yuan, an increase in loss of 6.82% year-on-year [3] - For the first half of 2025, the company reported revenue of 280 million yuan, up 12.61% year-on-year, but a net loss of 148 million yuan, an improvement of 41.78% year-on-year [4] - The company’s total assets were reported at 3.422 billion yuan, a decrease of 5.1% from the previous year [4] Operational Challenges - The company has been unable to resume production, with its T300 model assembly line facing judicial auction failures [3] - The dismissal of the vice president reflects the company's ongoing operational struggles and inability to meet strategic goals [3] - The company’s equity attributable to shareholders was reported at 87.25 million yuan as of June 30, 2025, raising concerns about its financial stability [4]