New Gonow RV (00805) has announced that its unaudited net profit for the six months ending June 30, 2026, is expected to be approximately RMB 6 million to RMB 10 million. This compares to an unaudited net profit of about RMB 31 million for the same period in 2025.

The board attributes the anticipated decline in net profit to three main factors. First, the company has seen a decrease in the gross margin of new models, driven by strategic market launches and initial promotional activities. These include targeted pricing, introductory offers, and channel incentives, particularly for the hybrid off-road towable RV series, aimed at capturing market share, boosting sales volume, and enhancing brand awareness in this growth segment.

Second, operating expenses for the first half of 2026 have increased compared to the corresponding period in 2025. This rise is due to the ongoing expansion of the company's retail network and operational ramp-up, specifically higher selling, general, and administrative expenses from self-operated stores opened since the second quarter of 2025. Third, the company recorded an investment loss from the sale of financial assets in the first half of 2026.