---
title: "Brief News: Performance continues to decline one year after listing, NEW GONOW's profit drops by up to 30%"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/280101957.md"
description: "NEW GONOW RV Co., Ltd. expects its full-year profit in 2025 to decline by 12% to 31.85%, ranging between 31 million yuan and 40 million yuan. The company's RV sales have decreased under macroeconomic fluctuations and stagflation pressures, and the situation has worsened due to interest rate hikes by the Reserve Bank of Australia. The new hybrid off-road trailer models are still in the early production stage, with high costs and intense market competition, resulting in negative gross margins. The company's investment in expanding self-operated stores and increased sales expenses have led to rising costs. On Monday, the stock opened at HKD 1.17, down 8% from its listing at the beginning of last year"
datetime: "2026-03-23T05:20:49.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/280101957.md)
  - [en](https://longbridge.com/en/news/280101957.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/280101957.md)
---

# Brief News: Performance continues to decline one year after listing, NEW GONOW's profit drops by up to 30%

The recreational vehicle manufacturer **NEW GONOW RV Co., Ltd.** (0805.HK), primarily operating in Australia and New Zealand, announced on Sunday that it expects its full-year profit for 2025 to be between HKD 31 million and HKD 40 million, representing a year-on-year decline of 12% to 31.85%.

NEW GONOW RV just went public in Hong Kong last year, and its performance in the following year has not been ideal. The company stated that due to macroeconomic fluctuations and stagflation pressures, people have reduced non-essential spending, leading to a decline in RV sales. During this period, the Reserve Bank of Australia raised interest rates consecutively, further worsening the situation.

Moreover, the company's new hybrid off-road trailer model is still in the early production stage and has not reached scale, resulting in high costs. Coupled with market competition affecting pricing, this model has experienced negative gross margins. During this period, the company increased its investment and sales expenses due to the need to expand its self-operated stores, leading to a rise in costs.

On Monday, NEW GONOW RV opened flat at HKD 1.17, which is 8% lower than its listing price at the beginning of last year.

_Liu Zhiheng_

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