According to the Zhitong Finance App, Zhongsheng Holdings (00881) announced its 2017 results, achieving revenue of approximately RMB 86.29 billion (same unit below), an increase of about 20.5% over the previous year; profit attributable to owners of the parent company was RMB 3.35 billion, up 80.1% year on year; earnings per share were $1.52, with a proposed final dividend of HK$0.36 per share.
Among them, revenue from new car sales was 74.696 billion yuan, up 19.6% year on year; revenue from after-sales and boutique business was 11.594 billion yuan, up 26.9% year on year.
As of December 31, 2017, the total number of dealerships of the group reached 286, including 151 luxury brand stores and 135 high-end brand dealerships, covering 24 provinces and regions and nearly 90 cities in China. Currently, the agent's brand portfolio covers luxury brands such as Mercedes-Benz, Lexus, Audi, BMW, Jaguar Land Rover, Porsche, and Volvo, as well as high-end brands such as Toyota, Nissan, and Honda. Sales of new cars reached about 341,300 units during the year, an increase of 13.5% over the previous year, with luxury brands accounting for 42% of total sales.