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ZHONGSHENG GROUP HOLDINGS LIMITED

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Delayed Hong Kong Stock Exchange  -  05/20 04:08:13 am EDT
51.90 HKD   +2.47%
05/16Zhongsheng Pharma Wins Nod in China to Start Clinical Trial of Oral COVID-19 Drug; Shares Fall 10%
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05/12Zhongsheng Pharmaceutical Files Clinical Trial Application For COVID-19 Drug; Shares Slide 4%
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05/11Zhongsheng Group Holdings Limited commences an Equity Buyback Plan for 231,538,459 shares, representing 10% of its issued share capital, under the authorization approved on June 18, 2021.
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Car Dealer Zhongsheng Group's First-Half Net Profit Rose 61%

08/08/2021 | 10:53pm EDT

By Clarence Leong

Zhongsheng Group Holdings Ltd.'s first-half net profit rose 61% compared with the same period a year earlier to 3.70 billion yuan (US$570.7 million) as the Chinese car dealer saw rapid growth across its segments.

Revenue for the first half increased 50% to CNY87.36 billion, the company said Monday, attributing the strong recovery in the auto market to a macroeconomic rebound.

Zhongsheng said it expects a shortage in auto chips to be alleviated in the third quarter and for demand in China to gradually grow. However, a high comparison base in second half of last year during the post-pandemic recovery will pose a challenge to growth in this year's second half, it said.

"The luxury automobile market in top-tier cities will witness stronger and more sustainable car purchase demand and purchasing power in future," the company said. It added it will enhance its network coverage in top-tier cities.

Write to Clarence Leong at clarence.leong@wsj.com

(END) Dow Jones Newswires

08-09-21 0053ET

Stocks mentioned in the article
ChangeLast1st jan.
DJ INDUSTRIAL 0.03% 31261.9 Real-time Quote.-13.99%
UNITED STATES DOLLAR (B) / CHINESE YUAN IN HONG KONG (USD/CNH) -0.46% 6.691 Delayed Quote.5.75%
ZHONGSHENG GROUP HOLDINGS LIMITED 2.47% 51.9 Delayed Quote.-14.64%
All news about ZHONGSHENG GROUP HOLDINGS LIMITED
05/16Zhongsheng Pharma Wins Nod in China to Start Clinical Trial of Oral COVID-19 Drug; Shar..
MT
05/12Zhongsheng Pharmaceutical Files Clinical Trial Application For COVID-19 Drug; Shares Sl..
MT
05/11Zhongsheng Group Holdings Limited commences an Equity Buyback Plan for 231,538,459 shar..
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04/25Zhongsheng Group Holdings Limited Proposes Final Dividend for the Year Ended 31 Decembe..
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03/21UBS Adjusts Zhongsheng Group's Price Target to HK$84 From HK$80, Keeps at Buy
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03/17Zhongsheng Group Holdings Limited Announces Final Dividend for the Year Ended 31 Decemb..
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03/17Zhongsheng Group Posts 2021 Profit Rise on Higher Car Sales
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03/16Zhongsheng Group Holdings Limited Reports Earnings Results for the Full Year Ended Dece..
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02/23Nomura Upgrades Zhongsheng to Buy From Neutral, Adjusts Price Target to HK$78 From HK$7..
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01/27Zhongsheng Group Holdings Limited Announces Sales Results for the Fourth Quarter and Fu..
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Financials
Sales 2022 218 B 32 577 M 32 577 M
Net income 2022 10 173 M 1 520 M 1 520 M
Net Debt 2022 6 226 M 930 M 930 M
P/E ratio 2022 10,8x
Yield 2022 1,85%
Capitalization 107 B 15 960 M 15 960 M
EV / Sales 2022 0,52x
EV / Sales 2023 0,44x
Nbr of Employees 39 668
Free-Float 24,7%
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Mean consensus BUY
Number of Analysts 20
Last Close Price 44,26 CNY
Average target price 68,23 CNY
Spread / Average Target 54,2%
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Managers and Directors
Guo Qiang Li President, Chief Executive Officer & Vice Chairman
Ning Yu Joint Chief Financial Officer
Yi Huang Chairman
Jin Jun Shen Independent Non-Executive Director
Wei Ying Independent Non-Executive Director
Sector and Competitors