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Chinese automaker (Zotye brand) restructured in 2022; vehicle production largely idle, with income from auto parts and door businesses.
Chinese automaker (Zotye brand) restructured in 2022; vehicle production largely idle, with income from auto parts and door businesses.
Revenue now comes mainly from auto-parts subsidiaries and a door-making business, not from cars: whole-vehicle production has largely stopped since the 2022 restructuring. The company plans to relaunch new models, but that is still a plan, and recent profit has come from asset-disposal compensation rather than operations.
In one line: A distressed Chinese budget automaker.
Moat: none. No active mass vehicle production, weak brand and a restructured balance sheet; recovery depends on relaunching new models.
Headquarters: Yongkang, Zhejiang, China · Founded: 2005 · Employees: 1,304
Size Zotye Automobile (000980.SZ) is a China Consumer Discretionary company (Auto Parts: OEM) with a market value of $1.05B, the 2199th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥1.64 on 6 Nov 2026.
Performance Over six months the shares fell 34.9%, against -15.4% for the median peer and -16.4% for the China market (cap-weighted) — 4th lowest of 21 in its peer set.
Growth Revenue fell 32.8% over the last twelve months (peer median +7.3%); the operating margin is -93.1% (peer median 6.7%).
Valuation It trades at 21.6× enterprise value to sales against a peer median of 1.3× (most expensive of 21).
Price implies For today's price to make sense, revenue must grow about 38% a year for seven years (Req g). Recent delivered growth is -17%, so the hurdle is +55 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 22.8 points below its cost of capital (11.4% WACC).
Next results Next results expected around 28 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥398M | CN¥517M | CN¥554M | CN¥730M | CN¥778M |
| Revenue growth | — | -7% | -24% | -6% | — |
| Gross profit | CN¥112M | CN¥1.21M | -CN¥5.08M | -CN¥104M | -CN¥72.6M |
| EBITDA | n/a | -CN¥133M | -CN¥720M | -CN¥518M | -CN¥330M |
| Net income | -CN¥128M | -CN¥367M | -CN¥1.00B | -CN¥937M | -CN¥921M |
| Free cash flow | CN¥127M | CN¥153M | CN¥494M | -CN¥247M | -CN¥22.5M |
| Capital expenditure | CN¥101M | CN¥12.2M | CN¥6.77M | CN¥78.8M | CN¥241M |
| Total debt | CN¥1.69B | CN¥1.77B | CN¥1.76B | CN¥3.19B | CN¥3.07B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g |
|---|---|---|---|---|---|---|
| Zotye Automobile 000980.SZ | $1.05B | -35% | -33% | -93% | 21.6× | 37.5% |
| BYD 002594.SZ | $96.6B | -17% | -4% | 4% | 1.0× | n/a |
| Geely Auto 0175.HK | $20.1B | -34% | +27% | 4% | 0.4× | -9.3% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 000980.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -24.1% | -0.8% | 2nd lowest of 21 |
| 6-month return | -34.9% | -15.4% | 4th lowest of 21 |
| Distance from 52-week high | -61.4% | -42.8% | 2nd lowest of 21 |
| Revenue growth (TTM) | -32.8% | +7.3% | lowest of 21 |
| Operating margin | -93.1% | 6.7% | lowest of 21 |
| EV / Sales | 21.6× | 1.3× | most expensive of 21 |
| Growth the price implies (Req g, 7 yrs) | 37.5% | -0.4% | 2nd most demanding of 16 |
| Growth delivered (Del g) | -17.1% | +10.0% | lowest of 16 |
| Hurdle (Req g minus delivered) | +54.6 pp | -11.1 pp | most demanding of 16 |
| ROIC minus cost of capital | -22.8 pp | +0.9 pp | lowest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Zotye Automobile 000980.SZ | China | $1.05B | -35% | -33% | -93% | 21.6× | 37.5% | -17.1% |
| Zhejiang Asia-Pacific Mechanical & Electronic 002284.SZ | China | $1.05B | -29% | +10% | 9% | 1.1× | -1.8% | +13.9% |
| Bohai Automotive Systems 600960.SS | China | $1.04B | -13% | -26% | -2% | 2.2× | n/a | n/a |
| Topre 5975.T | Japan | $1.04B | +32% | +5% | 8% | 0.4× | -1.2% | +12.0% |
| Dauch DCH | United States | $1.07B | -32% | +41% | 3% | 0.7× | n/a | n/a |
| ARB ARB.AX | Australia | $1.08B | +1% | -4% | 16% | 2.2× | 15.7% | +2.4% |
| HyUnion 002537.SZ | China | $1.01B | -21% | -6% | 4% | 1.1× | -1.7% | +1.7% |
| Fuxin Dare Automotive Parts 300473.SZ | China | $1.10B | +28% | +21% | 5% | 1.4× | 20.8% | +10.0% |
| Guilin Fuda 603166.SS | China | $1.01B | -25% | +9% | 15% | 3.8× | n/a | n/a |
| JOST Werke JST.DE | Germany | $1.11B | +5% | +32% | 7% | 0.8× | 3.0% | +14.1% |
| Saf-holland SFQ.DE | Germany | $1.11B | +9% | 0% | 8% | 0.8× | 0.9% | +12.6% |
| Hl Mando 204320.KS | South Korea | $1.13B | -43% | +2% | 3% | 0.2× | -19.9% | +11.2% |
| Guangzhou Ruili Kormee Automotive Electronic 001285.SZ | China | $1.14B | -22% | +21% | 14% | 2.1× | n/a | n/a |
| Exedy 7278.T | Japan | $1.14B | -17% | 0% | 7% | 0.6× | -6.9% | +6.0% |
| Hyundai Wia 011210.KS | South Korea | $962M | -41% | +12% | 2% | 0.1× | -11.0% | +5.2% |
| KYB 7242.T | Japan | $1.15B | +10% | +11% | 6% | 0.6× | -0.4% | +8.0% |
| Ningbo TIP Rubber Technology 605255.SS | China | $959M | -53% | -9% | 5% | 18.7× | 47.5% | +0.9% |
| Wuxi Zhenhua Auto Parts 605319.SS | China | $1.16B | -18% | +13% | 20% | 2.6× | -4.7% | +16.0% |
| Kuangda Technology 002516.SZ | China | $1.16B | -13% | +3% | 12% | 2.7× | 9.3% | +9.0% |
| Zhejiang EV-Tech 301607.SZ | China | $1.18B | -7% | +60% | 6% | 1.4× | 24.2% | +35.3% |
| Zhejiang Wanliyang 002434.SZ | China | $1.19B | -13% | -30% | -10% | 2.2× | n/a | n/a |