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

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