Zhongsheng Group Holdings Ltd. (HK:0881) has released an update.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Zhongsheng Group Holdings Limited reports a slight increase in revenue by 0.6% for the six months ended June 30, 2024, compared to the same period last year, with after-sales services showing significant growth. However, the company faces a considerable decline in gross profit and earnings, with total gross profit down by 29.3% and profit for the period reduced by half. The automotive dealer also saw a rise in new and pre-owned car sales volumes, indicating a mixed performance amid challenging market conditions.
For further insights into HK:0881 stock, check out TipRanks’ Stock Analysis page.