Zotye Auto: The pre-loss of net profit in 2023 is 750 million yuan to 900 million yuan. Seven lawsuits have not yet been decided.

  On January 29th, Zotye Motor announced its pre-loss performance, showing that in 2023, the company’s net loss was 750 million yuan to 900 million yuan.

  According to the announcement, compared with 2022, the company’s vehicle sales revenue increased in 2023, but the income of auto parts and door industry decreased due to the market environment. At the same time, the company plans to make provision for asset impairment and bad debts totaling about 300 million yuan to 400 million yuan.

  The company’s third quarterly report in 2023 shows that Zotye Motor lost 447 million yuan in the first three quarters of 2023, which means that the company’s single-quarter loss in the fourth quarter reached 300 million yuan to 450 million yuan. It is worth noting that since 2024, Zotye’s share price has fallen by over 16%.

  In addition, at the beginning of 2024, Zotye Automobile announced seven lawsuits with a large amount. Among them, the total amount of litigation cases involving the company and its subsidiaries as defendants is about 293 million yuan, and all seven cases have been heard in the first instance but have not been decided.

  On January 29th, Zotye Auto replied on the investor interaction platform that the number of shareholders of the company is 191,000 at present, and there is no major asset restructuring or acquisition joint venture plan.