HK Stock Market Move | VOYAH AUTO (07489) fell over 4%, with August delivery volumes declining both month-on-month and year-on-year, while upstream costs have dragged down profits in the first half of the year.

VOYAH AUTO (07489) fell more than 4%, as of the time of writing, it dropped 4.29%, quoted at HKD 2.565, with a transaction volume of HKD 1.7346 million. In news, VOYAH AUTO announced yesterday that it delivered 13,003 new cars in August, a slight year-on-year decrease of approximately 3.7%, and a marginal month-on-month decline of 1.4%. Notably, this is the first time since February 2023 that Lantu has not achieved year-on-year growth. On August 27 of this year, VOYAH AUTO released its first interim report since going public on the Hong Kong Stock Exchange. In the first half of this year, VOYAH AUTO achieved total revenue of 18.159 billion yuan, a year-on-year increase of 42.4%. However, the gross profit margin narrowed from 21.4% in the same period last year to 17.7% during the current period, and net profit changed from 464 million yuan to a net loss of 389 million yuan. The company mentioned in its financial report that rising raw material prices were the main reason.