Zotye Automobile Co Ltd000980
▲ PositiveCapitalrelevance
Net profit turned positive due to non-recurring gains, though core operations still loss-making.
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Zotye Automobile Co LtdZotye 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.
Zotye Automobile Co LtdNet profit turned positive due to non-recurring gains, though core operations still loss-making.