DO NOT BUY, SELL NOW, before it's too late !
NEW GONOW RV (00805.HK) — Recent News Roundup
Conclusion: The news flow is predominantly negative , with today's mid-term results confirming a sharp profit contraction. The sole bright spot is revenue growth driven by higher RV sales volume.
Negative News
1. H1 2026 Profit Plunged ~78%
Today (Aug 31), the company released its interim results: revenue of RMB 473 million, +14.9% YoY , but shareholders' profit was just RMB 6.609 million, down 78.47% YoY (from ~RMB 31 million in H1 2025)
This was within the range flagged in the Aug 14 profit warning.
2. No Interim Dividend
The board does not recommend any interim dividend for H1 2026
This follows a pattern — no dividends were paid for FY2025 final or H1 2025 either
3. Three Profit Headwinds (per the profit warning)
New model margin compression — strategic promotional pricing, especially on the hybrid off-road caravan series, to grab market share.
Higher operating expenses — retail network expansion and self-operated stores (opened since Q2 2025) drove up SG&A costs
Investment loss — from the sale of financial assets during the period
4. Termination of Pre-IPO Share Option Scheme
On Aug 14, the company terminated its pre-IPO share option scheme, with ~5.95 million outstanding options being waived
5. Stock Under Pressure
The stock fell 5.2% today to around HK$9.48, and has seen multiple sell-offs in August: -5.47% on Aug 11, -5.09% on Aug 10, -3.78% on Aug 19
6. FY2025 Full-Year Profit Also Declined
FY2025 net profit was RMB 31-40 million, down 12-32% from FY2024's RMB 45.49 million
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