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Evergrande Motor announced its annual results for the year ended December 31, 2025. The group achieved revenue of 1.3011 million yuan during the period, a year-on-year decrease of 75.59%; shareholders' losses amounted to 891 million yuan, a year-on-year profit and loss; and a basic loss of 8.218 points per share. According to the announcement, the decrease in revenue was mainly due to a drop in revenue from technical services from 25.37 million yuan in 2024 to 12.87 million yuan in the reporting period, and no property sales during the reporting period after the Group terminated its property development activities. The technical services business serving European customers was the Group's main and recurring revenue source during the reporting period. During the reporting period, the Group's revenue mainly came from providing technical services to European customers through National Electric Vehicle Sweden AB. The Group is also continuing preparations to develop lithium-ion battery trading business. As of the date of this announcement, the Group is no longer operating any automobile manufacturing business. All of the Group's production facilities in China have been sold or are being sold through the sale or bankruptcy proceedings of relevant Chinese subsidiaries, and the Group's main business activities are carried out through its Hong Kong headquarters and NEVS in an asset-light business model.

智通财经·09/16/2026 23:09:03
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Evergrande Motor announced its annual results for the year ended December 31, 2025. The group achieved revenue of 1.3011 million yuan during the period, a year-on-year decrease of 75.59%; shareholders' losses amounted to 891 million yuan, a year-on-year profit and loss; and a basic loss of 8.218 points per share. According to the announcement, the decrease in revenue was mainly due to a drop in revenue from technical services from 25.37 million yuan in 2024 to 12.87 million yuan in the reporting period, and no property sales during the reporting period after the Group terminated its property development activities. The technical services business serving European customers was the Group's main and recurring revenue source during the reporting period. During the reporting period, the Group's revenue mainly came from providing technical services to European customers through National Electric Vehicle Sweden AB. The Group is also continuing preparations to develop lithium-ion battery trading business. As of the date of this announcement, the Group is no longer operating any automobile manufacturing business. All of the Group's production facilities in China have been sold or are being sold through the sale or bankruptcy proceedings of relevant Chinese subsidiaries, and the Group's main business activities are carried out through its Hong Kong headquarters and NEVS in an asset-light business model.