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Zotye Auto has unveiled its financial report for the third quarter, revealing that the company achieved a revenue of 419 million yuan in the first three quarters of the year, marking an 8.98% year-on-year growth. Nevertheless, it incurred a net profit loss amounting to 223 million yuan. During the third quarter alone, the revenue climbed to 139 million yuan, representing a 2.34% increase compared to the same period last year, yet the net profit loss stood at 74.7612 million yuan. The primary cause of these losses lies in the persistent operational pressures that the company continues to grapple with. Although there were reductions in taxes, surcharges, and administrative expenses, non-operating expenses and estimated liabilities saw an uptick. Meanwhile, the gains from asset disposals experienced a substantial decline.
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