ZHENGTONGAUTO issues profit warning, expects mid-term net loss to increase by approximately 40% year-on-year
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ZHENGTONGAUTO issued a profit warning, expecting a mid-term net loss of approximately 40% year-on-year for the period ending June 30, 2025. This loss is primarily influenced by price wars in the automotive market and macroeconomic factors, leading to impairments of goodwill, intangible assets, and fixed assets. Despite the challenges, the group's board of directors believes that with the support of the controlling shareholder, it can still adapt to industry changes and maintain operational development
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