China Grand Automotive Services Group Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 27, 2022 at 11:07 am EDT
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China Grand Automotive Services Group Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 35,139.13 million compared to CNY 42,226.85 million a year ago. Revenue was CNY 35,139.13 million compared to CNY 42,226.85 million a year ago. Net income was CNY 666.84 million compared to CNY 651.33 million a year ago. Basic earnings per share from continuing operations was CNY 0.08 compared to CNY 0.08 a year ago. Diluted earnings per share from continuing operations was CNY 0.08 compared to CNY 0.08 a year ago.
China Grand Automotive Services Group Co., Ltd., formerly China Grand Automotive Services Co., Ltd., is a China-based company that engaged in the distribution of passenger cars, and in the provision of financial lease and integrated services to passenger cars. The Company mainly operated business through vehicle sales, passenger car financial lease, maintenance and commission agency services. Passenger Car Distribution and Service segment includes vehicle sales and after-sales services, such as maintenance, automobile maintenance and spare parts sales. Automobile Financial Lease segment is involved in leasing the designated car to the customers and sell the vehicle to customers at the symbolic price after the expiration of the term of the lease by leasing companies with the qualification of automobile financial lease. The Company has more than 500 stores in 25 provinces, autonomous regions and municipalities in China and distributes passenger cars under nearly 50 brands.
CHINA GRAND AUTOMOTIVE SERVICES GROUP CO.,LTD 
