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  With 365 4S stores, Zhongsheng Group's half-year profit has increased to 2.3 billion yuan.

  Zhongsheng Group, the second largest car dealer group in China, has maintained a good momentum of development and achieved profit growth at a time when the new car market is declining. In 2020, under the impact of the epidemic, Zhongsheng Group also handed over a half-yearly performance report on profit growth. On Aug. 10, Zhongsheng Holdings released first-half results, with revenue of 58.203 billion yuan, up 1.4% from a year earlier, while profits attributable to owners of the parent company were 2.29 billion yuan, up 10.1% from a year earlier. Li Yanwei, a member of the expert committee of China Automobile Circulation Association, said, "Zhongsheng released its interim results, which can."

  Zhongsheng Group 2020-08-10
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  Zhongsheng Group intends to acquire Renfu China, or surpass Guanghui to become the first in the country.

  Recently, Zhongsheng Holdings, the second largest car dealer in China, announced that the company plans to buy all shares of Renfu China from Fu Tung Holdings for $1.3 billion (about 8.4 billion yuan). After the completion of the deal, Zhongsheng Group is expected to overtake Guanghui Group to become the largest car dealer in China. After the news was announced, Zhongsheng Holdings shares opened high on July 2, closing up 7.82% at HK $69.65 per share, with a total market capitalization of HK $161.3 billion. Data show that Zhongsheng Group holding Co., Ltd. (Zhongsheng Group) is one of the national car dealer groups, focusing on the economy.

  Zhongsheng Group 2021-07-03
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  Zhongsheng Group acquires 8 luxury brand 4S stores

  Zhongsheng Group, which has a good momentum of development, has been promoted to the second largest car dealer group in China, with a net profit of 4.5 billion yuan last year and 360 dealerships. Recently, Zhongsheng Group issued an announcement to acquire six Mercedes-Benz 4S stores and two Jaguar Land Rover 4S stores. Zhongsheng Dalian, an indirect wholly-owned subsidiary of Zhongsheng Group, agreed to buy 100 per cent stakes in eight target companies for 720 million yuan, according to the announcement. The target company has six Mercedes-Benz 4S dealerships in Hubei, Fujian, Yunnan and Jiangxi, and two Jaguar Land Rover 4S dealerships in Jiangsu and Jiangxi. Zhongsheng Group said that the consideration for this transaction is.

  Zhongsheng Group Distributor 4S Store 2020-07-15
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  Zhongsheng Group made a profit of 4.5 billion in 2019, and the Mercedes-Benz brand made the most money.

  Zhongsheng Group Holdings Co., Ltd., the second largest car dealer group in China, recently issued an annual performance announcement in 2019, which increased a number of indicators, and the total number of its dealerships also increased to 360 during the year. Zhongsheng mainly sells luxury brands such as Mercedes-Benz, BMW, Audi, Lexus and Volvo, as well as mid-range brands such as Toyota, Nissan and Honda, all of which make money in 2019. Zhongsheng Holdings performance announcement shows that the company's total revenue in 2019 was 124.0425 billion yuan, an increase of 15.1% over the same period last year; the profit attributable to the owner of the parent company was 4.502 billion yuan, year-on-year.

  Zhongsheng Group car dealer 2020-03-21
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  Zhongsheng Group's revenue reached 100 billion in 2018, and the total number of car dealerships increased to 318.

  Zhongsheng Group, China's second largest dealer group, reported that its operating income for the whole year reached 107.735 billion yuan, an increase of 24.9 percent over the same period last year, and its operating profit reached 9.923 billion yuan, an increase of 14.3 percent over the same period last year. Net profit reached 3.695 billion yuan, an increase of 6.3% over the same period last year. Zhongsheng said it sold 412017 new cars in 2018, up 20.7% from last year. Among them, luxury brand sales reached 192557, accounting for 46.7% of the group's total sales, a further increase over the same period in 2017. In addition, 20.

  2019-03-22
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  Zhongsheng Group earned 5.5 billion yuan in 2020, with the Mercedes-Benz brand accounting for nearly 90%.

  Zhongsheng Group, which has a good momentum of development, has maintained the second largest car dealer group in China, benefiting from the advantages of 373 high-end brands, which helped the group achieve a big increase in profits last year, even surpassing some car companies.

  Distributor 2021-03-28
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  2022 Top 100 Dealers ranking: Zhongsheng Group ranks first

  On May 26, the China Automobile Circulation Association released the "Top 100 list of Chinese Automobile Dealer groups in 2023". Previously, the China Automobile Circulation Association released data that unprofitable dealers accounted for more than 70% in 2022, with less than 30% of dealers making profits, compared with 2000 for the whole year.

  Cars dealers groups new energy revenue growth business not for used cars brands China data sales Guanghui top 100 2023-05-26
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  Luxury brands are the most profitable, and the profits of several car dealer groups have increased significantly.

  China's passenger car sales fell nearly 10 per cent in 2019 from a year earlier, and car dealers generally saw a decline in sales throughout the year, leading to a decline in performance, but luxury-branded passenger cars bucked the trend, with annual sales of 3.143 million vehicles up nearly 10 per cent from a year earlier. In this context, the main operation of luxury brand 4S stores of several dealer groups, last year's performance rose against the trend, more and more profitable. Meidong Automobile: net profit increased by 53.4% on March 27th, China Meidong Automobile Holdings Co., Ltd. announced its annual results in 2019, with a total revenue of 16.21 billion yuan, an increase of 46.5% over the same period last year.

  Luxury brands car dealers 2020-03-28
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  Of the 10 dealer groups in the first half of 2020, only 3 achieved positive growth.

  The domestic automobile market has shown fatigue after two consecutive years of decline, but in 2020, coupled with the impact of the COVID-19 epidemic, the situation of China's automobile market has been further depressed, making it more and more difficult to sell domestic cars. this has led to varying degrees of decline in the performance of car companies or dealer groups.

  Distributor 2020-09-03
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  Lexus dealers are fined!

  Shenzhen Zhongsheng Lexus Motor Co., Ltd. was fined 500000 yuan for making false or misleading commercial propaganda about its products and violating the anti-unfair competition law, according to the national enterprise credit information publicity system. Shenzhen Supervisory punishment (2022) Ji 285 shows that the type of illegal behavior is: unfair competition.

  Sass Lake Brands cars sales luxury Market China Nidi models sales products domestic influence Honda 2022-12-17
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  More than a thousand stores withdrew from the net, and the semi-annual report of the car dealer revealed

  Under the epidemic, consumption is generally weak, and traditional car sales are declining, endangering the survival of car dealers. Recently, domestic automobile distribution groups have released half-yearly results for 2022. In the semi-annual reports of 14 A / H-share listed companies counted by "Automotive Industry concern", only Zhengtong Motor has achieved double growth in revenue and profit, and 7 companies

  Cars dealers net profit luxury holding group net profit sales Guanghui brand income data epidemic business sales 2022-09-08
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  2019 National Automobile Dealer Group Top 100 ranking! Guanghui Automobile ranked first, with a huge drop in loss of 6.2 billion

  Guanghui Automobile continues to top the list with a business income of 166.173 billion yuan in 2018, according to the official release of the Top 100 Automobile Dealer Group ranking in China. The second and third place are Zhongsheng Group and Lixing Motor, with operating income of 107.736 billion yuan and 82.996 billion yuan respectively. The list of the top 10 has not changed, but the giant group has dropped five places compared with the previous year, and its operating income has decreased by more than 28 billion yuan. In addition, Rundong Automobile Group, which once ranked 23rd, did not appear in the top 100 list. In addition to the above three, there is also Shanghai Yongda Group (695.

  Car loss dealer ranking 2019 first huge 2019-06-06
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  Ranking of the top 100 car dealers in China in 2020! Guanghui Automobile ranked first, huge missed the top ten.

  With the launch of the annual China Automobile Dealers Conference and Top 100 Conference, it means that the results of the "most profitable" car dealer groups in 2020 will be announced. According to the newly released ranking list, the most profitable group is still Guanghui Automobile.

  Automobile 2020-05-28
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  Increase income but not profit! Only the performance of luxury Japanese models is good, and dealers want to transform and upgrade.

  As a huge group that was once the largest car dealer in China, the company lost 1.2 billion yuan in the first half of the year and made a profit of 258 million yuan in the same period last year. This also shows that under the continuous negative growth of sales in the car market, car dealers have suffered a very severe impact. From Guanghui Automobile, Zhongsheng Group, Yongda Automobile, Dachang Motor, Guanghui Baoxin, Meidong Motor and Xinfengtai, eight dealers have released first-half results, according to the data, although operating income increased year-on-year, but in terms of net profit, five dealers showed a significant decline, with two of them falling by more than 20%. According to the multiplication.

  Performance dealer 2019-08-30
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  Badly hit by the epidemic, the wealth of many "car circle" billionaires has shrunk.

  ​ just entered in May, which means nearly half of 2020. In the past few months, the domestic automobile market and any other economic market have been hit by the COVID-19 epidemic, resulting in a decline in profits and shrinking assets of many domestic companies. To this end, some media have compiled a list of the latest "car circles" wealth in 2020 according to the latest Forbes list.

  Automobile 2020-05-04
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  Forbes China Automobile Rich list: Zeng Yuqun, Li Shufu and Wei Jianjun are among the top three

  Zeng Yuqun, Li Shufu and Wei Jianjun are among the top three in the latest auto rich list released by Forbes China.

  Forbes Autobots Li Shufu 2020-09-28
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  The profits of Meidong Automobile Dealers Group, which made money in 4S stores this year, have soared.

  The growth of luxury brands against the market is a major growth point for the profits of dealer groups. The dealer group "Meidong Automobile", which mainly operates luxury brand 4S stores, saw its profits soar by nearly 50% in 2019. Under the influence of the epidemic in 2020, it will also be able to achieve a sharp rise in profits in the first half of the year. On Aug. 19, Meidong Motor announced interim results for 2020, with first-half earnings of 8.448 billion yuan, an increase of 23.5% over the same period last year, after-tax profit of 307 million yuan, an increase of 28.5% over the same period last year, and a net interest rate of 3.6%. Profit during the period attributable to equity shareholders increased by about 27.6% to about 301 million yuan. In the first half of the year, set.

  Meidong Automobile luxury Brand 2020-08-19
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  Zhengtong Motors, a former luxury car dealer, expects to lose 8 billion in 2020.

  Zhengtong Motor issued a profit warning on March 28th, predicting a loss of 8 billion yuan to 9 billion yuan in 2020. Zhengtong said that the loss was mainly due to (1) the impact of the epidemic in the first half of 2020 and the increasing pressure on the Group's liquidity position led to a continuous decline in the group's financial performance in the second half of this year; (2) this situation led to a significant decline in the performance indicators in the dealer agreement between the group and automobile manufacturers, resulting in the termination or suspension of some dealer authorizations, and the withdrawal and revocation of some supplier rebate rights. A number of distributor authorizations have been terminated or suspended and the group has treated some of its underperforming 4S vendors.

  Straight-through car 2021-03-29
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  I can't sustain it! Another dealer group closes a large number of stores

  Another car dealer group has been delisted! According to media reports, the stores of Chongqing Longhua Industrial Group (hereinafter referred to as "Chongqing Longhua"), which are regarded as the "lowest-key and mysterious" dealer group in Chongqing, are either closed or transferred, and the maintenance given or purchased by a large number of users cannot be cashed normally. Ms. Zhu, who lives in Yuzhong District.

  Automobile Group Chongqing Longhua Company Limited Limited sales Service Dealer Automobile sales Brand Industry Market Chongqing 2023-04-15
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  Xiaopeng Motor reported bright results in the first quarter, but its share price plummeted again.

  Xiaopeng Motor released its latest financial report on May 13, showing that revenue in the first quarter of 2021 was 2.951 billion yuan, of which 2.81 billion yuan was from car sales. Gross profit margin rose to 11.2% from 7.4% in the fourth quarter of last year, but Xiaopeng is still losing money, with a net loss of 790 million yuan in the first quarter. It should be noted that Xiaopeng Motor included the income of XPILOT software for the first time in the car sales revenue in the first quarter, although it was only 80 million yuan, but for Xiaopeng Motor, which has been in a loss, XPILOT software will become an important part of Xiaopeng Automobile to achieve profits in the future. ...

  Xiaopeng automobile 2021-05-14