Direct impact of changes | Auto dealers have the highest decline, impulse price cuts at the end of the year, and the industry's profit growth rate may be under pressure in the short term
On November 24, $Auto Dealers (BK1196.HK) $ had the highest decline. As of press release, $Zhongsheng Holdings (00881.HK) $ fell 6.37% to HK$18.82; $Guanghui Baoxin (01293.HK) $ fell 5.31% to HK$0.214; $Harmony Auto (03836.HK) $ fell 4.22% to HK$0.68; $Meidong Auto (01268.HK) $ fell 4.05% to HK$5.21. Market source: Futubull Niu > According to the news, the China Automobile Dealers Association previously announced for October 2023
CICC: CN Car Mkt May Resume Normal Inventory Level at End-1Q22, Hails GWM, Li Auto, XPeng, etc.
CICC projected in its report that the vehicle market in China will basically have its inventory resumed to normal level in 1Q22, with 2021E and 2022E total sales volume of 25.62 million and 27.22 mill
China Yongda Automobiles' Profit Climbs 31.4% in Q3
03:26 AM EDT, 10/26/2021 (MT Newswires) -- China Yongda Automobiles Services (HKG:3669) posted a 31.4% jump in profit in the third quarter, helped by an increase in pre-owned vehicles traded for the
Zhongsheng's New Car Sales Volume Falls 14% in Q3 on Chips Supply Crunch
11:08 PM EDT, 10/11/2021 (MT Newswires) -- Zhongsheng Group Holdings' (HKG:0881) new car sales volume dropped 14% to 117,509 units in the third quarter versus a year earlier, weighed down by the glo
Zhongsheng Secures Regulatory Approval in China to Buy Entire Stake in Car Dealership
01:24 AM EDT, 10/05/2021 (MT Newswires) -- China's State Administration for Market Regulation greenlit Zhongsheng Group Holdings' (HKG:0881) acquisition of the entire issued share capital of Zung Fu
China Zhengtong Auto Launches Tender Offer for 12% Bonds Due 2022 Worth $173 Million
06:38 AM EDT, 10/01/2021 (MT Newswires) -- China Zhengtong Auto Services Holding (HKG:1728) launched an offer to buy all of its outstanding $173 million worth of 12% bonds due in 2022 following a cha