Evergrande New Energy Automotive Group Co., Ltd. (Evergrande Auto) has announced its unaudited interim financial results for the six months ended June 30, 2024, showing a total asset of CNY 16,369 million and a total liability of CNY 74,350 million. During this period, the group's revenue was CNY 38 million, with a gross profit of CNY 2 million. However, the net loss surged to CNY 20,257 million, a YoY increase of 194.73%. The company is facing serious financial pressure, with cash and cash equivalents of only CNY 39 million and a large amount of current and non-current borrowings that cannot be repaid. Evergrande Auto has stated that multiple measures have been taken to improve liquidity and financial condition, including optimizing human resources, controlling capital expenditures, and introducing strategic investors. However, there are significant uncertainties that may affect the group's ability to continue its operations. The board of directors has not recommended the payment of interim dividends.

Evergrande New Energy Automotive Group Co., Ltd. (Evergrande Auto) has announced its unaudited interim financial results for the six months ended June 30, 2024, showing a total asset of CNY 16,369 million and a total liability of CNY 74,350 million. During this period, the group's revenue was CNY 38 million, with a gross profit of CNY 2 million. However, the net loss surged to CNY 20,257 million, a YoY increase of 194.73%. The company is facing serious financial pressure, with cash and cash equivalents of only CNY 39 million and a large amount of current and non-current borrowings that cannot be repaid. Evergrande Auto has stated that multiple measures have been taken to improve liquidity and financial condition, including optimizing human resources, controlling capital expenditures, and introducing strategic investors. However, there are significant uncertainties that may affect the group's ability to continue its operations. The board of directors has not recommended the payment of interim dividends.