Evergrande Auto (00708) Announces 2025 Interim Results Shareholders' Losses of 585 Million Yuan, a year-on-year decrease of 97.11%

According to the Zhitong Finance App, Evergrande Auto (00708) announced its interim results as of June 30, 2025. The group achieved revenue of 6.508 million yuan (RMB, same below) during the period, a year-on-year decrease of 83.04%; loss attributable to shareholders was 585 million yuan, a year-on-year decrease of 97.11%; and a basic loss of 5.398 points per share.

According to the announcement, the decrease in revenue was mainly due to no property sales during the reporting period after the Group terminated its property development activities.

The Group's automobile manufacturing business continued to be suspended during the reporting period. Production has not resumed at the Tianjin manufacturing base, while the Shanghai manufacturing base and the Guangzhou manufacturing base continue to be shut down and managed. As of the date of this announcement, more Chinese subsidiaries of the Company (including the Tianjin subsidiary that is the registered owner of the Tianjin manufacturing base) have entered bankruptcy and liquidation proceedings in accordance with relevant Chinese court rulings, and all of the Group's production facilities in China have been sold or are being sold through such procedures. The Group no longer operates automobile manufacturing business and has no intention of resuming such business.