Zotye Auto： It is estimated that the net profit loss in 2023 will be between 750 million yuan and 900 million yuan.

On the evening of January 29th, Zotye Automobile Co., Ltd. (Zotye Automobile, 000980.SZ) issued a performance forecast, and it is estimated that the net profit attributable to shareholders of listed companies will be 750-900 million yuan in 2023, compared with 910 million yuan in the same period last year, which narrowed the year-on-year loss. In 2023, the company’s vehicle business is still recovering, and the sales volume is small. At the same time, the company plans to make provision for asset impairment and bad debts totaling about 300 million yuan to 400 million yuan, so the overall performance is still at a loss.