Zotye Automobile's revenue declines in first quarter 2025

Zotye Automobile (SZSE:000980) reported a revenue of CNY 98.75 million in its first quarter 2025 report, a 12.83% decrease compared to CNY 113.29 million in the same period last year. Net loss attributable to shareholders was CNY -103.04 million, an improvement of 18.55% year-over-year from CNY -126.52 million. The company's net loss after deducting non-recurring gains and losses attributable to shareholders was CNY -89.10 million, down 29.96% compared to the previous year’s CNY -127.22 million. Cash flow from operating activities also improved, with a net outflow of CNY -20.48 million compared to CNY -29.41 million in Q1 2024. Total assets decreased slightly to CNY 3.50 billion.