Zotye Automobile Co Ltd

Electrification & Mobility▲

Shanzi High-Tech hits limit-up; Taiyi Shenglian plans 3 billion yuan to take control of Hozon New Energy

On the morning of September 14, Shanzi High-Tech hit limit-up at the open, with more than 1.9 million lots locked on the buy side and turnover exceeding 700 million yuan. On the news front, the fourth creditors' meeting in the bankruptcy restructuring case of Hozon New Energy was held online on September 11. The draft restructuring plan shows that Zhejiang Taiyi Shenglian Enterprise Management Partnership intends to invest 3 billion yuan to take control, in exchange for roughly 70.62 percent of Hozon New Energy's equity. Business registration information shows that Taiyi Shenglian is jointly formed by Zhejiang Shanzi Holding Company Limited and Zhejiang Shanzi Yuxu Technology Company Limited. The actual controller of the former is Ye Ji, chairman of Shanzi High-Tech, while the actual controller of the latter is Yu Shuxin, head of the board office at Shanzi High-Tech. Hozon New Energy is the parent company of Neta Auto. In June 2025, the Jiaxing Intermediate People's Court accepted its bankruptcy restructuring case, and this September the restructuring made substantive progress. In addition, Zotye Auto disclosed phased progress in resuming production, with a new A0-class model already entering batch trial production, and the stock posted four limit-ups in the past five trading days. GAC Group was suspended for the entire day on September 14 pending an announcement on a major matter, with market talk suggesting that FAW and GAC may pursue a shareholding joint venture or strategic restructuring.

000980.CS ▲601238.CG

Electrification & Mobility ▲

数据宝·5dRead more →

000980.CS▼

Zotye Auto hits 4 limit-ups in 5 days; new A0-class model enters batch trial production

Zotye Auto issued an announcement on abnormal stock trading on the evening of September 14, saying that the cumulative deviation in closing price gains exceeded 20% over two consecutive trading days on September 11 and September 14, 2026. The company's share price has strengthened notably recently, posting a 4 limit-ups in 5 days pattern over the past five trading sessions, and closed at the daily limit again on September 14 at 2.33 yuan per share. Zotye Auto said in the announcement that after verification, its recent operations are normal, there have been no major changes in its internal or external operating environment, and neither the company nor its largest shareholder has any undisclosed material matters. Regarding market attention on its vehicle business progress, the company said it is fully advancing the resumption of work and production in its vehicle segment, with phased progress achieved across various tasks. The new A0-class model has officially entered the batch trial production stage. The model is mainly targeted at overseas markets, and there is uncertainty in regulatory certification, channel development, and market demand in target markets. As of now, no sales have been formed. The company also said it still faces certain funding pressure, and subsequent mass production and market launch will require continued capital investment. There is uncertainty over whether funding will be in place, which may affect the overseas sales progress of the model. A reporter learned from Zotye Auto that the first trial-produced body-in-white of the Wink Y01 international version, the S03, has successfully rolled off the line. In the next stage, the company will strictly follow project plan milestones and product quality control standards to advance trial production tasks and accelerate the implementation of the model's overseas launch layout.

000980.CS ▼

上海证券报·5dRead more →

000980.CS▲3

Zotye Auto Returns to Profit in First Half of 2026

Zotye Auto disclosed its 2026 semi-annual report on August 29. In the first half of the year, it achieved total operating revenue of 190 million yuan, down 32.08 percent year on year, but net profit attributable to the parent company was 80.3893 million yuan, turning from a loss to a profit compared with the same period last year. Deducted non-recurring net profit remained a loss of 152 million yuan, compared with a loss of 108 million yuan in the same period last year. Net cash flow from operating activities was 89.167 million yuan, compared with negative 56.2151 million yuan in the same period last year. During the reporting period, the company's basic earnings per share were 0.02 yuan, and the weighted average return on equity was 51.93 percent. The company said total non-recurring gains and losses were 232 million yuan, including a reversal of 10 million yuan in impairment provisions for receivables that were separately tested for impairment.

000980.CS ▲

中国证券报·21dRead more →

000980.CS▼

Zotye Auto Under CSRC Investigation for Suspected Information Disclosure Violations

Zotye Auto is under investigation by the China Securities Regulatory Commission for suspected violations of information disclosure laws and regulations. The company announced on the evening of July 10 that it has received a notice of investigation from the CSRC, and that all production and operational activities are proceeding normally and in an orderly manner. It will actively cooperate with the investigation and fulfill its information disclosure obligations. In recent years, the company's management has seen frequent changes, with several senior executives resigning. Shareholder Houtu Lande had proposed removing directors Wang Yian and Zhong Yufei, and Wang Yian resigned from his position as vice president on June 30. Zotye Auto's share price has halved from its October 2025 high, closing at 1.78 yuan per share on July 10, giving it a total market value of 8.976 billion yuan.

000980.CS ▼

中国基金报·71dRead more →