Liaoning SG Automotive Group sees revenue rise despite net loss

Liaoning SG Automotive Group Co., Ltd. announced an operating revenue of 865,669,590.65 yuan for the first half of 2025, a 32.64% increase from the prior year’s 652,658,211.15 yuan. This growth was primarily driven by a substantial rise in non-complete vehicle sales. Despite the revenue increase, the company reported a net loss attributable to shareholders of -145,237,494.80 yuan, with a basic earnings per share of -0.21 yuan.

The company's total assets decreased by 1.56% to 3,481,918,843.19 yuan, while net assets attributable to shareholders saw a 10.62% decline to 1,198,924,163.18 yuan. Operating cash flow improved significantly, moving from a negative -33,371,255.78 yuan in the previous period to a positive 17,441,538.75 yuan.

In a move to strengthen its capital, controlling shareholder Ms. Liang Zi plans to subscribe for up to 148,517,345 shares in a private placement, totaling 338,619,546.60 yuan. This transaction, approved by shareholders on January 15, 2025, aims to reinforce control and bolster working capital. The company also delisted two wholly-owned subsidiaries, Hohhot Huanghai Automobile Sales Co., Ltd. and Hainan Huanghai Automobile Sales Service Co., Ltd., in May and April 2025, respectively.