On September 8, Zotye Auto's shares opened at the daily upper limit, priced at RMB 1.84 per share, boasting a total market capitalization of RMB 9.278 billion. On September 7, the company convened its fourth extraordinary general meeting of shareholders for 2026, during which a proposal to elect three non-independent directors was deliberated and approved. The representative from the company's securities affairs clarified that the surge in share price bore no direct correlation to this election and was instead a spontaneous market reaction. The company disclosed that the research and development efforts for its entirely new, independently developed vehicle models are advancing smoothly, with intentions to introduce these new models within the current year. Moreover, Zotye Auto's semi-annual report for 2026, issued on August 28, revealed that the company generated revenue of RMB 190 million in the first half of the year, marking a year-on-year decline of 32.08%. However, the net profit attributable to the parent company surged to RMB 80.39 million, representing a year-on-year increase of 154.36%, successfully transitioning from a loss to a profit. The primary sources of revenue were automotive parts and the door industry. The report also highlighted that the styling design for the new vehicle models was finalized by the end of June, with the project progress aligning with expectations. Presently, the renovation and upkeep of the factory's production lines have been fully initiated, and certain molds and fixtures have commenced the manufacturing process.
