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In Brief
Chinese RV maker Newgenesis (Gaon) reported a 12–32% decline in net profit for fiscal 2025, citing weak Australian sales due to inflation and higher interest rates, plus rising operating costs from store expansion.
Chinese RV manufacturer Newgenesis (also known as Gaon) released its financial results for fiscal 2025, the first year after its IPO. Net profit fell by 12–32% (according to different sources, up to 31.85%).
Both sources agree on the main facts, but one cites a 12–32% range, while the other gives a maximum drop of 31.85%.
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