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Profit30k2025 : maybe certain operational cost is fix? less car orders but pay the same amount of headcount. e.g., headcount costs 4000 cars. last time sold 14k cars, profit = 10k cars (14k-4k cost) now sales drop to 7k car sales, profit = 3k cars (7k-4k cost).
revenue drop 50% 14k to 7k
profit drops 70%, 10k to 3k
Jelly_Fisk07 OP Profit30k2025 : Hmm.. thanks for the explanation. But the QR report should have a further breakdown on this
Profit30k2025 : they only mention lower revenue, so lower profit.
lower operation margin. or more discount given due to competitive market