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zs-group.com.cn

Stage

IPO | IPO

Date of IPO

3/21/2010

Market Cap

123.29B

About Zhongsheng Group

Zhongsheng Group is a national auto dealership chain of major global luxury and mid-to-high-end auto brands in China.

Zhongsheng Group Headquarter Location

7th Floor, Raffles City Beijing Office Tower No.1 Dongzhimen South Street, Dongcheng District

Beijing, Beijing, 100007,

China

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Latest Zhongsheng Group News

Zhongsheng Group 2021 Net CNY8.33B Vs. Net CNY5.54B >0881.HK

Mar 17, 2022

March 17, 2022 - Advertisement - Zhongsheng Group Holdings Ltd.’s net profit grew in 2021 due mainly to higher car sales as the global shortage of semiconductor chips eased, the company said Thursday. - Advertisement - Full-year net profit rose to 8.33 billion yuan ($1.31 billion) from CNY5.54 billion in 2020. Revenue came in at CNY175.10 billion, versus CNY148.35 billion. The car-dealership company’s new car sales rose 5.5% on year to 528,154 units, with the luxury segment accounting for more than half of total units sold. - Advertisement - The easing of supply-chain issues affecting semiconductor chips and other materials in the fourth quarter helped boost car sales, Zhongsheng said. It expects the chip supply to keep improving in 2022 and continue supporting sales. Meanwhile, the easing of the pandemic and consumers’ desire to upgrade their vehicles should help maintain steady growth in the luxury-car market, the company said. Zhongsheng also said it plans to develop its pre-owned and electric vehicle businesses. Write to Yongchang Chin at [email protected] ,

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  • Where is Zhongsheng Group's headquarters?

    Zhongsheng Group's headquarters is located at 7th Floor, Raffles City Beijing Office Tower, Beijing.

  • What is Zhongsheng Group's latest funding round?

    Zhongsheng Group's latest funding round is IPO.

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