New Gonow RV Posts Flat 2025 Revenue but Margin Squeeze as Hybrid Push and Market Downturn Bite
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New Gonow Recreational Vehicles, Inc. reported flat revenue of RMB871.4 million for 2025, with gross profit down 11.7% to RMB237.2 million and gross margin narrowing to 27.2%. The company cited macroeconomic volatility and a downturn in the RV market as reasons for margin pressure, alongside lower margins from its new hybrid model. Trading of its shares will resume following these results, highlighting challenges in the RV cycle and costs associated with market expansion. New Gonow focuses on RV products, including hybrids and electric models, and operates in markets like China and Australasia.
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