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An announcement from China Zhengtong Auto Services Holdings ( (HK:1728) ) is now available.
China ZhengTong Auto Services Holdings Limited reported its interim results for the first half of 2025, highlighting a challenging market environment due to overcapacity and price wars in the automotive sector. Despite a 10% decrease in revenue to approximately RMB8,891.0 million, the company saw a 67.9% increase in overall gross profit to approximately RMB297.5 million, driven by income from mortgage facilitation services. However, the company recorded a loss of approximately RMB887.5 million, attributed to declining automobile selling prices and asset impairments. A significant development was the issuance of shares to Xinda Motors, making ITG Holding the controlling shareholder, which is expected to provide stronger capital support and strategic synergies.
More about China Zhengtong Auto Services Holdings
China ZhengTong Auto Services Holdings Limited operates in the automotive industry, focusing on the distribution and dealership of mid-to-high-end automobiles. The company is involved in optimizing its dealership business and transforming towards new energy brands, while also enhancing digital management capabilities.
Average Trading Volume: 22,144,391
Technical Sentiment Signal: Sell
Current Market Cap: HK$1.43B
For an in-depth examination of 1728 stock, go to TipRanks’ Overview page.