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Most car dealers rose, Zhongsheng Holdings (00881) rose 5.37%, and the new car business of Daimotsu dealers is bottoming out
Jinwu Financial News | Most car dealers rose, with Zhongsheng Holdings (00881) up 5.37%, Meidong Auto (01268) up 3.59%, Yongda Auto (03669) up 2.58%, and Zhengtong Auto (01728) up 2%. According to a report published by Damo, there are recent reports that due to poor sales and poor sales of Porsche cars in mainland China, some Porsche dealers in China have launched a boycott. According to the bank, the profit margin of Chinese luxury car dealers on new cars has dropped to a level where dealers refuse to accept more inventory unless the manufacturer provides additional rebates. For dealers, the boycott shows that the new car business is on
The car dealership sector was under pressure, and Zhongsheng Holdings (00881) fell 8.15%. Consumer demand for car purchases in May did not meet expectations
Jinwu Financial News | The auto dealer sector was under pressure across the board. Zhongsheng Holdings (00881) fell 8.15%, Meidong Auto (01268) fell 7.51%, Yongda (03669) fell 4.19%, Zhengtong Auto (01728) fell 2.04%, and Harmony Auto (03836) fell 1.92%. According to data from the China Automobile Dealers Association, in the third week of May (May 13 to May 19), the used car market traded an average of 60,300 vehicles per day, down 5.53% from last week, and 8% from the same period in April. The average daily trading volume of the used car market continued in May
ZHENGTONGAUTO: ANNUAL REPORT 2023
Zhengtong Automobile (01728) and Shandong Cinda signed a 2024 project entrustment agreement with a total cost of no more than 9 million yuan
Zhitong Finance App News, Zhengtong Auto (01728) announced that on April 16, 2024, the company and Shandong Cinda signed a 2024 project entrustment agreement. According to this, Shandong Cinda will provide and install smart technology and weak current systems for the Group to upgrade and transform a number of facilities. The total cost should not exceed RMB 9 million. According to the announcement, the Group is currently upgrading and renovating several facilities. This process requires the installation of intelligent technology and weak current systems. The Group plans to further upgrade and renovate a number of facilities and carry out other intelligent weak electricity projects for the year ending December 31, 2024. Shandong Cinda is rich in this area
Zhengtong Auto (01728): Huang Junfeng has been appointed as the new chairman of the board
Zhengtong Automobile (01728) issued an announcement. Starting April 10, 2024, board members and some of its directors...
Zhengtong Auto (01728) announced annual results, losses attributable to shareholders of 891 million yuan, an increase of 200.72% year-on-year, achieving a contrarian increase in market share of core distribution brands
Zhengtong Auto (01728) announced its annual results for the year ended December 31, 2023. The group made profits during the period...
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