China <a href="https://laohu8.com/S/03836">Harmony Auto</a> Reports 29.1% Revenue Increase, 60.6% Rise in New Vehicle Sales, and RMB97 Million Improvement in Adjusted Net Profit for H1 2025
China Harmony Auto Holding Ltd. has announced its interim financial results for the six months ended June 30, 2025. The group's revenue saw a notable increase of approximately 29.1%, reaching RMB9.6366 billion compared to RMB7.4663 billion in the same period in 2024. This growth was bolstered by a substantial rise in the sales volume of new vehicles, which totaled 30,666 units, up 60.6% from 19,100 units in the previous year. The group reported a gross profit of RMB559.8 million, reflecting a 52.8% increase from RMB366.3 million in 2024. Despite facing non-recurring losses of RMB32.5 million due to store closures, the group's adjusted net profit would have been RMB20.7 million, marking a significant turnaround from a loss of RMB76.3 million in the same period of the previous year, representing an improvement of approximately RMB97.0 million. A standout performance was observed in the mainland China market, where the group achieved an adjusted operating net profit of approximately RMB17.9 million, excluding the non-recurring losses. This robust performance is attributed to the group's adherence to its "1+2" operational strategy. No specific outlook or guidance for future performance was included in the announcement.
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