Company: CENN
Filing Date: 2025-08-12
Form Type: 10-Q
Source: 0001140361-25-030576
Chunk: 34

Company: Cenntro Inc.
Filing Date: 2025-08-12
Form: 10-Q
Item: Part II, Item 8
Chunk 34
---
,877

            2.7

            %

            74,340

            0.8

            %

            Total net revenues

            $

            6,406,918

            100.0

            %

            $

            7,314,829

            100.0

            %

            $

            8,549,976

            100.0

            %

            $

            9,657,747

            100.0

            %

        Net revenues for the six months ended June 30, 2025 were approximately $8.5 million, a decrease of approximately $1.1 million or 11.5% from approximately $9.7
          million for the six months ended June 30, 2024. The decrease in net revenues in 2025 was primarily attributed to the decrease in spare-part sales by approximately $1.5 million due to the decrease in sales of
          iChassis™, offset by the increase in vehicle sales of approximately $0.2 million due to the improvement of sales volume and the increase in other sales of approximately $0.2 million. The net revenues in Europe market
          for the six months ended June 30, 2025 were approximately $5.6 million, an increase of approximately $4.0 million from approximately $1.6 million for the six months ended June 30, 2024. The net revenues in Asia market for the six months ended
          June 30, 2025 were approximately $1.9 million, a decrease of approximately $0.4 million from approximately $2.3 million for the six months ended June 30, 2024.

        Net revenues for the three months ended June 30, 2025 were approximately $6.4 million, a decrease of approximately $0.9 million or 12.4% from approximately $7.3 million for the three months ended
          June 30, 2024. The decrease in net revenues in 2025 was primarily attributed to the decrease in spare-part sales by approximately $0.8 million due to the decrease in sales of iChassis™ and the decrease in vehicle sales of approximately $0.1
          million. The net revenues in Europe market for the three months ended June 30, 2025 were approximately $4.8 million, an increase of approximately $3.9 million from approximately $1.0 million for the three months ended