Yuri Car Reports First Half Loss, Zhong Wenchuan Resigns as CEO

Keywords: Yuri Car, Zhong Wenchuan, Yao Zhenxiang, Tariff, Loss
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Wednesday, 06 August 2025
Yulon Group's affiliated company, Yuri Car, announced its first half financial report today. The consolidated revenue reached NT$8.223 billion, with an operating net loss of NT$278 million, and a loss attributable to the parent company's shareholders of approximately NT$320 million, resulting in a post-tax loss of NT$1.07 per share. Industry insiders pointed out that the main reason was the impact of the uncertain U.S. tariff situation. Yuri Car announced in the afternoon that former CEO Zhong Wenchuan's position has been adjusted, and Yao Zhenxiang will take over as the new CEO. Industry analysts noted that the second quarter was affected by the uncertainty of U.S. tariffs, leading to a cautious attitude among consumers when purchasing cars, which in turn impacted Yuri Car's sales and profits.