New Gonow RV continued to improve
Posted: Wed Feb 12, 2025 10:30 am
The prospectus shows that from, New Jio RV achieved revenues of 300 million yuan, 499 million yuan, and 720 million yuan, maintaining a relatively rapid growth. The adjusted net profit was 25.1 million yuan, 33 million yuan, and 78.8 million yuan, respectively, increasing more than 2 times in three years, and profitability has increased significantly.
In the first half of 2024, the performance of , and achieved significant growth again on the basis of last year's high level. Its revenue was 422 million yuan, a year-on-year increase of 36.3%, and its adjusted net profit was 55.7 million yuan, a year-on-year increase of 76.1%.
In terms of gross profit margin, New Gonow RV achieved chinese overseas europe data gross profit margins of 16.7%, 16.5%, 25.1%, and 32.0% respectively, showing an overall growth trend and setting a new high, which also reflects its continued improvement in profitability.
According to brand classification, Snowy River is the largest source of revenue for New Gio RV. It played a ballast role during the period and achieved steady performance growth. NEWGEN became the brand with the fastest and highest gross profit margin increase. In the first half of 2024, the gross profit margins of Snowy River, Regent and NEWGEN were 31.4%, 31.0% and 40.5%, respectively.
It can also be seen that New Gonow RV has strong capabilities in incubating and operating new brands. It has truly grown rapidly based on its self-developed brands and has become a leader in the Australian and New Zealand RV markets.
Overall, the value logic of the new Gonow RV is relatively clear and hardcore, and it is remarkable from the track to the fundamentals to the performance. At this point, there is reason to be optimistic about it and expect that it will usher in broader development prospects and reap more market opportunities with this listing.
From a broader perspective, New Gonow RV is not only a commercial innovator in RV manufacturing, creating a new lifestyle of camping and customizing RVs, but also a successful example of China's manufacturing industry entering the international market. It has rich value and deserves long-term tracking and attention.
In the first half of 2024, the performance of , and achieved significant growth again on the basis of last year's high level. Its revenue was 422 million yuan, a year-on-year increase of 36.3%, and its adjusted net profit was 55.7 million yuan, a year-on-year increase of 76.1%.
In terms of gross profit margin, New Gonow RV achieved chinese overseas europe data gross profit margins of 16.7%, 16.5%, 25.1%, and 32.0% respectively, showing an overall growth trend and setting a new high, which also reflects its continued improvement in profitability.
According to brand classification, Snowy River is the largest source of revenue for New Gio RV. It played a ballast role during the period and achieved steady performance growth. NEWGEN became the brand with the fastest and highest gross profit margin increase. In the first half of 2024, the gross profit margins of Snowy River, Regent and NEWGEN were 31.4%, 31.0% and 40.5%, respectively.
It can also be seen that New Gonow RV has strong capabilities in incubating and operating new brands. It has truly grown rapidly based on its self-developed brands and has become a leader in the Australian and New Zealand RV markets.
Overall, the value logic of the new Gonow RV is relatively clear and hardcore, and it is remarkable from the track to the fundamentals to the performance. At this point, there is reason to be optimistic about it and expect that it will usher in broader development prospects and reap more market opportunities with this listing.
From a broader perspective, New Gonow RV is not only a commercial innovator in RV manufacturing, creating a new lifestyle of camping and customizing RVs, but also a successful example of China's manufacturing industry entering the international market. It has rich value and deserves long-term tracking and attention.