New Gonow Recreational Vehicles, Inc. ( (HK:0805) ) has provided an update.
New Gonow Recreational Vehicles Inc. reported a 20% increase in revenue for the year ended December 31, 2024, reaching RMB864.2 million, driven by a significant rise in direct sales through self-owned and JV stores. The company’s gross profit also saw a substantial increase of 48.3%, attributed to the higher retail prices of RVs sold directly, which improved the gross profit margin by 6 percentage points to 31.1%. This financial growth highlights the company’s strategic focus on enhancing direct sales channels, which has positively impacted its financial performance and market positioning.
More about New Gonow Recreational Vehicles, Inc.
New Gonow Recreational Vehicles Inc. operates in the recreational vehicle industry, focusing on the production and sale of RVs, including electric variants. The company is incorporated in the Cayman Islands and listed on the Hong Kong Stock Exchange, with a market focus that includes direct sales through self-owned and joint venture stores.
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