Zotye Automobile achieved an operating income of about 371 million yua

Published: Aug 29, 2023 15:33

Save

Zotye Automobile achieved an operating income of about 371 million yuan in the first half of 2023, an increase of 24.55% year-on-year, but the net profit attributable to the parent company was -284 million yuan, a decrease of 2.37% year-on-year. The company's core business is the research and development, manufacturing and sales of automobiles, and there are also automobile parts and door industry businesses. In the first half of 2023, the company's automobile sales revenue increased, and the product structure of automobile parts and door industry was adjusted, and the revenue increased; however, due to the fact that the automobile business is still in the process of recovery, the production and sales volume were 872 and 652 respectively, and the overall scale is still small, so the overall performance is still in a loss state.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

2 hours ago

A00 pulls back slightly, aluminum scrap remains stable overall [Aluminum Scrap Daily Review]

2 hours ago

Xinjiang Boyuan Aluminum Advances 150,000 MT Annual Capacity Project in Zhundong Economic Zone

Xinjiang Boyuan Aluminum Co., Ltd. is making every effort to advance the construction of its new-type aluminum semis project with an annual capacity of 150,000 mt. Located in the Huoshaoshan Aluminum Downstream Industrial Park of Xinjiang Zhundong Economic and Technological Development Zone, the project involves a total investment of 180 million yuan and covers an area of 64 mu. It is planned to build two standardized production workshops with a total floor area of 23,000 m². In terms of production line configuration, the project will be equipped with two aluminum rod production lines, eight cast-rolling aluminum coil and strip production lines, and one cold-rolling aluminum coil and strip production line. Once fully completed and put into operation, the project is expected to achieve an annual production capacity of 60,000 mt of aluminum wire and 90,000 mt of aluminum coil.

2 hours ago

[ADC12 Price Daily Review] Aluminum futures fluctuate at highs; ADC12 spot consolidates on a strong note

[ADC12 Price Daily Commentary: Aluminum Futures Consolidate at Highs, ADC12 Spot Consolidates on a Strong Note] The aluminum alloy 2611 contract opened at 23,430 yuan/mt today, dipped to an intraday low of 23,320 yuan/mt where it found support before gradually rebounding, fluctuated within a range of 23,320-23,560 yuan/mt throughout the day, and closed at 23,435 yuan/mt, up 0.11%.

2 hours ago