New Gonow Recreational Vehicles, Inc.

New Gonow Recreational Vehicles, Inc.

HHKEX:805
13.15
HKD
-0.99
(-7.00%)
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
0.31
0.52
0.75
0.9
0.91
- -
Basic EPS, GAAP
0.03
0.03
0.08
0.05
0.03
- -
Free Cash Flow per Basic Share
0.02
0.05
0.12
0.14
-0.09
- -
Dividend per Share
- -
- -
- -
- -
- -
- -
Book Value per Share
0.03
0.06
0.03
0.04
0.35
0.04
Tangible Book Value per Share
0.03
0.06
0.03
0.04
0.35
0.04
Basic Weighted Avg Shares
960
960
960
960
960
840
Sales/Revenue/Turnover
300
499
720
864
871
- -
Operating Margin (%)
9.84
7.66
13.24
10.33
1.84
- -
Depreciation Expense
12
14
16
20
19
- -
Net Income, GAAP
25
33
80
43
31
- -
Effective Tax Rate (%)
26.93
25.54
26.85
26.03
11.41
- -
Profit Margin (%)
8.37
6.61
11.1
5.01
3.54
- -
Working Capital
-2
25
-10
-6
286
-6
LT Debt
47
35
44
67
57
67
Total Equity
27
57
27
39
344
39
Return on Invested Capital (%)
- -
27.91
57.98
28.61
10.85
- -
Return on Capital (%)
- -
29.06
64.75
29.79
10.89
- -
Return on Common Equity (%)
- -
78.54
194.5
142.78
16.47
- -

Capital Structure

CNY

•

in mil. unless spec.
Jun'24
Dec'24
ST Debt
115
100
LT Borrowings
- -
- -
LT Finance Leases
76
67
Preferred Equity and Hybrid Capital
- -
- -
Shares Outstanding
960
960
Market Capitalization
- -
- -

Working Capital

CNY

•

in mil. unless spec.
Jun'24
Dec'24
Total Current Assets
403
443
Cash, Cash Equivalents & STI
44
29
Accounts Receivable, Net
48
38
Inventories
272
228
Total Current Liabilities
410
449
Payables & Accruals
- -
- -
ST Debt
115
100
Deferred Revenue
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
- -
776.95%
Free Cash Flow
- -
- -
-160.5%
Net Income, GAAP
- -
- -
-28.87%
Sales/Revenue/Turnover
- -
- -
0.83%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
720
2024
- -
- -
864
2025
- -
- -
871

Semi-annual Earnings Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
0.08
2024
- -
- -
0.05
2025
- -
- -
0.03

Semi-annual Dividends Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
- -
2024
- -
- -
- -
2025
- -
- -
- -

Company Description

CEO
Xue Zhong Miao
Full Time Employees
777
Sector
Consumer durables
Industry
Recreational products
Address
Building 333 Jiaxing City ZH China
IPO Date
Jan 13, 2025
Business
New Gonow Recreational Vehicles Inc. designs, develops, manufactures, and sells bespoke towable recreational vehicles (RVs) primarily under its Snowy River, Regent, and NEWGEN brand names. The company offers a comprehensive range of RV products and provides after-sales services including RV maintenance, repair, and upgrades as well as the sale of RV parts and accessories. It distributes its products through third-party dealer stores, self-owned stores, joint venture stores, and online platforms, serving markets in Australia and New Zealand. Founded in 2014 and headquartered in Jiaxing City, China, New Gonow operates as a subsidiary of Snowy Limited. Recent major developments include the expansion of its Australia-New Zealand market presence through the opening of a flagship self-operated store in Geelong and a joint-venture dealership in Bundaberg, Queensland, advancing its localization strategy. In 2025, the company introduced six new models of hybrid off-road towable RVs, further supporting its product innovation and market growth. It also secured a supplemental RV parts purchase framework agreement to enhance operational efficiency and reduce logistics costs. The company continues to deepen cooperation with industry organizations in Australia, receiving recognition for its world-class manufacturing capabilities and quality control systems. These efforts reflect New Gonow's strategic focus on globalization combined with localized operations to strengthen its competitive position in the leisure vehicle industry.