New Gonow Recreational Vehicles Inc. expects a significant earnings contraction for the first half of 2026, according to a profit-warning filed with the Hong Kong Stock Exchange on 14 August 2026. Management projects unaudited net profit for the six months ended 30 June 2026 to fall within RMB6.00 million to RMB10.00 million, versus RMB31.00 million in the prior-year period—equating to a year-on-year decline of roughly 68%–81%.

The Board attributes the anticipated downturn to three main factors:

1. Margin compression stemming from strategic promotional pricing, introductory offers and channel incentives tied to the launch of the Group’s hybrid towable RV lineup, aimed at accelerating market penetration and brand awareness.

2. Higher operating expenditures as the company ramps up its retail footprint, notably elevated selling, general and administrative costs from self-operated stores opened since Q2 2025.

3. An investment loss incurred from the sale of financial assets during the reporting period.

The interim results are still being finalised and remain subject to review by the company’s independent auditor and the Board’s audit committee. New Gonow plans to release its detailed unaudited interim results by the end of August 2026, in line with listing requirements.

The Board advises shareholders and potential investors to exercise caution when dealing in the company’s shares until the finalised figures are published.