Chinese RV manufacturer New Gonow (0805.HK) released its interim results for the first half of 2026. Revenue reached 473 million yuan, up 14.9% year-on-year. Gross profit hit 139 million yuan (+14.0%), with gross margin stable at 29.3%.
RV deliveries grew 10.3% to 1,508 units, of which 1,465 were under the Snowy River brand (+17.5%), while NEWGEN sales dropped 55.8%. Order backlog at end-June stood at 1,852 units worth about 551 million yuan.
Net profit for the period was 8.439 million yuan (8.4 million yuan per one source), down from 31 million yuan a year earlier, due to strategic investments in retail network expansion, new model launches, and entry into European and Canadian markets. Cash and equivalents rose 52.1% to 377 million yuan, and debt ratio fell to 32.9%. The company began production of self-propelled SRV (Class B) and SRM (Class C) models, as well as a new light trailer series SRS.