NEW GONOW RV Reports 78.47% Drop in Net Profit for First Half

Stock News08-31 18:02

NEW GONOW RV (00805) has released its interim results for the six months ended June 30, 2026, showing a modest revenue increase but a significant contraction in profitability.

The company recorded revenue of 473 million yuan, marking a 14.88% rise compared to the prior-year period. However, profit attributable to equity shareholders tumbled to 6.609 million yuan, a steep decline of 78.47% year-on-year. Earnings per share stood at 0.01 yuan.

According to the company's announcement, the revenue growth was primarily driven by higher sales volumes of recreational vehicles (RVs). Despite the top-line improvement, the sharp drop in net profit highlights ongoing margin pressures or increased costs that were not disclosed in the brief statement.

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