Haima Automobile reports losses, faces ongoing financial challenges in 2024

Haima Automobile (SZSE:000572) announced a net loss of CNY 139.78 million attributable to shareholders for 2024, as revealed in its annual audit report, a 30.82% increase from 2023. This financial performance comes amid declining exports and strategic operational adjustments, including a shift towards new energy vehicles and a heightened focus on overseas markets. The operating income was CNY 1.78 billion but the company notes, they are still resolving potential asset impairment, 14,341,524.75 which relates the cost and is not certain.