---
title: "New Gonow RV Posts Flat 2025 Revenue but Margin Squeeze as Hybrid Push and Market Downturn Bite"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/283855614.md"
description: "New Gonow Recreational Vehicles, Inc. reported flat revenue of RMB871.4 million for 2025, with gross profit down 11.7% to RMB237.2 million and gross margin narrowing to 27.2%. The company cited macroeconomic volatility and a downturn in the RV market as reasons for margin pressure, alongside lower margins from its new hybrid model. Trading of its shares will resume following these results, highlighting challenges in the RV cycle and costs associated with market expansion. New Gonow focuses on RV products, including hybrids and electric models, and operates in markets like China and Australasia."
datetime: "2026-04-23T14:41:57.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/283855614.md)
  - [en](https://longbridge.com/en/news/283855614.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/283855614.md)
---

# New Gonow RV Posts Flat 2025 Revenue but Margin Squeeze as Hybrid Push and Market Downturn Bite

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An announcement from New Gonow Recreational Vehicles, Inc. ( (HK:0805) ) is now available.

New Gonow Recreational Vehicles reported audited annual results for 2025 showing revenue of RMB871.4 million, largely flat year-on-year, while gross profit fell 11.7% to RMB237.2 million and gross margin narrowed from 31.1% to 27.2%. Management attributed the margin pressure to macroeconomic volatility, an unexpected downturn in the RV market, and the lower initial margins from its new hybrid model, even as cost of sales rose 6.5% on higher volumes.

The company indicated that trading in its shares will resume following the publication of these results, marking a step toward normalizing its status on the Hong Kong market. The combination of resilient top-line performance but weaker profitability underscores both the challenges in the current RV cycle and the near-term cost of pursuing market expansion with new product lines and dealership arrangements in key regions such as Australasia.

**More about New Gonow Recreational Vehicles, Inc.**

New Gonow Recreational Vehicles Inc., incorporated in the Cayman Islands and listed in Hong Kong, operates in the recreational vehicle industry, focusing on RV products including a new hybrid model and electric RVs for markets such as China and Australasia. The group distributes through joint-venture dealers and stores, and leverages partnerships like its Green RV dealership agreement in Australia to expand its international footprint.

**Average Trading Volume:** 5,495,142

**Technical Sentiment Signal:** Strong Buy

**Current Market Cap:** HK$1.2B

Learn more about 0805 stock on TipRanks’ Stock Analysis page.

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