Liaoning Chengda 1H net income 717.6M yuan

Liaoning Chengda 1H net income 717.6M yuan

Lotus Technology (NASDAQ: LOT) has released its first-half 2025 financial results, showing a significant improvement in its net loss compared to the previous year. The company reported a net loss of $313 million for the first half of 2025, representing a 32% year-over-year (YoY) reduction [1].

Revenue for the period stood at $218 million, an increase of 45% YoY, indicating a strong growth trajectory. However, the company's gross margin declined to 8.2% from 12.8% in the first half of 2024. The operating loss for the first half of 2025 was $263 million, a 40% YoY decrease [1].

Lotus Technology has secured up to $300 million in funding to advance its business development and strengthen liquidity. This funding commitment is crucial for the company's future growth and financial stability [1].

In contrast, Liaoning Chengda reported a net income of 717.6 million yuan for the first half of 2025, highlighting the stark contrast in financial performance between the two companies. While Lotus Technology is making strides in reducing its net loss, it remains a challenging period for the company.

The financial results underscore the company's commitment to improving its financial health and positioning itself for future growth. Investors should closely monitor Lotus Technology's progress in the coming quarters to assess the impact of its strategic initiatives and funding.

References:
[1] https://seekingalpha.com/news/4490328-lotus-technology-reports-1h-results