Top Page
China Zhengtong Auto Services Holdings
(OTC:1728)
China Zhengtong Auto Services Holdings (1728) vs. iShares MSCI Hong Kong ETF (EWH)
China Zhengtong Auto Services Holdings Business Overview & Revenue Model
China Zhengtong Auto Services Holdings Financial Statement Overview
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 20.75B | 24.13B | 22.61B | 20.99B | 16.88B | Gross Profit |
| 779.07M | 1.01B | 1.59B | 1.24B | -5.17B | EBIT |
| -548.95M | 168.20M | 86.15M | -1.20B | -9.34B | EBITDA |
| -6.29M | 982.32M | 900.12M | -178.45M | -8.37B | Net Income Common Stockholders |
| -1.60B | -849.28M | -297.42M | -2.20B | -8.61B |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 631.09M | 871.20M | 837.65M | 745.20M | 1.09B | Total Assets |
| 29.22B | 29.51B | 27.73B | 26.13B | 28.00B | Total Debt |
| 21.31B | 21.04B | 20.02B | 18.14B | 14.66B | Net Debt |
| 20.74B | 20.30B | 19.28B | 17.93B | 14.27B | Total Liabilities |
| 28.15B | 28.23B | 27.51B | 25.59B | 22.68B | Stockholders Equity |
| -356.68M | 361.83M | 193.39M | 508.43M | 4.11B |
| Cash Flow | Free Cash Flow | |||
| -347.73M | -1.09B | -712.02M | -486.33M | -239.67M | Operating Cash Flow |
| 31.09M | 36.79M | 158.79M | 155.63M | 346.23M | Investing Cash Flow |
| 202.72M | -793.48M | 1.30B | -345.83M | 22.41M | Financing Cash Flow |
| -406.15M | 767.08M | -936.38M | -90.45M | -1.36B |
China Zhengtong Auto Services Holdings Technical Analysis
China Zhengtong Auto Services Holdings Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | HK$30.44B | 8.71 | 6.95% | 6.25% | -7.86% | -36.99% | |
62 Neutral | $6.82B | 11.05 | 2.80% | 4.32% | 2.67% | -24.92% | |
55 Neutral | $4.26B | 19.91 | 1.44% | 0.93% | -14.25% | -65.33% | |
52 Neutral | HK$1.49B | ― | ― | -15.73% | -73.42% | ||
52 Neutral | HK$2.88B | 40.67 | -56.58% | 2.25% | -23.89% | -1698.95% | |
47 Neutral | HK$877.97M | ― | -5.36% | 6.82% | -7.58% | -21.25% | |
47 Neutral | HK$177.00M | ― | -9.04% | ― | -23.03% | -1842.08% |
China Zhengtong Auto Services Holdings Corporate Events
China Zhengtong Auto Services Holdings Limited has announced the dispatch of a composite document detailing an unconditional mandatory cash offer by CLSA Limited on behalf of Xinda Motors Co., Limited to acquire all issued shares not already owned by Xinda Motors. This move is expected to impact the company’s shareholding structure and may influence its market positioning, with further announcements anticipated if there are changes to the offer’s timetable.
China Zhengtong Auto Services Holdings Limited has completed a significant transaction with Xinda Motors Co., Limited, involving a connected subscription that increased Xinda Motors’ shareholding to approximately 75% of the company. This move, which involved the issuance of over 6.6 billion new shares, marks a substantial shift in the company’s ownership structure and could have implications for its market positioning and stakeholder interests.
China Zhengtong Auto Services Holdings Limited announced that Xinda Motors Co., Limited has waived a condition precedent related to a Whitewash Waiver under their Subscription Agreement, allowing the Connected Subscription Completion to proceed. This development will result in Xinda Motors and its concert parties increasing their shareholding to a maximum of 75% of the company’s shares. Consequently, a mandatory general offer for all remaining shares will be made, impacting the company’s ownership structure significantly.
China Zhengtong Auto Services Holdings Limited has announced the details of its 2025 Annual General Meeting, scheduled for June 19, 2025, in Wuhan, Hubei Province. Key agenda items include the review of the company’s financial statements for 2024, re-election of directors, and authorization for the board to fix directors’ remuneration. Additionally, the company seeks approval for a mandate allowing the purchase of up to 10% of its own shares, which could impact its market positioning and shareholder value.
China Zhengtong Auto Services Holdings Limited has announced a potential unconditional mandatory cash offer by Xinda Motors Co., Limited to acquire all issued shares not already owned by Xinda Motors. The completion of this connected subscription is contingent upon fulfilling or waiving certain conditions, including regulatory approvals and the Whitewash Waiver. The outcome of these conditions will determine whether the subscription proceeds, impacting the company’s market positioning and shareholder interests.
China Zhengtong Auto Services Holdings Limited has announced the resignation of its Chief Executive Officer, Mr. Chen Hong, effective April 29, 2025, due to changes in work arrangements. Mr. Chen will remain an executive director and a member of the environmental, social, and governance committee. In the interim, Mr. Luo Yaohuang, an executive vice president with over 20 years of experience in the industry, will assume the CEO responsibilities. The company will seek a permanent replacement in due course.
China Zhengtong Auto Services Holdings Limited has announced the composition of its board of directors, highlighting the roles and functions of each member. This announcement provides transparency in corporate governance and may impact stakeholder confidence by clarifying the leadership structure and committee responsibilities.
China Zhengtong Auto Services Holdings Limited announced the results of its Extraordinary General Meeting held on April 23, 2025. All proposed resolutions, including the re-election of directors and amendments to the articles of association, were unanimously approved by shareholders. This unanimous approval reflects strong shareholder support for the company’s leadership and strategic direction, potentially strengthening its governance and operational framework.
China Zhengtong Auto Services Holdings Limited held an Extraordinary General Meeting (EGM) on April 23, 2025, where key resolutions were passed, including the grant of a whitewash waiver. This waiver facilitates a possible unconditional mandatory cash offer by CLSA Limited on behalf of Xinda Motors to acquire all issued shares of China Zhengtong Auto Services, excluding those already owned by Xinda Motors. The announcement indicates significant corporate restructuring and potential changes in ownership, which could impact the company’s market positioning and stakeholder interests.
China Zhengtong Auto Services Holdings Limited has announced the dispatch of a circular regarding a connected transaction involving a subscription of shares under a specific mandate, an application for a whitewash waiver, and an extraordinary general meeting (EGM). The circular includes details of the subscription agreement and the transactions contemplated, with the EGM scheduled for April 23, 2025. The completion of the connected subscription and the granting of the whitewash waiver are subject to various conditions and shareholder approvals, which may impact the company’s strategic financial maneuvers and stakeholder interests.
China Zhengtong Auto Services Holdings Limited has announced an extraordinary general meeting to approve a subscription agreement with Xinda Motors Co., Limited. The agreement involves the issuance of over 6.6 billion new shares at HK$0.15 per share, aimed at raising capital for the company. Additionally, a special resolution seeks to obtain a Whitewash Waiver, which would exempt the subscriber from making a mandatory general offer for all issued shares, potentially impacting the company’s shareholder structure and market positioning.
China Zhengtong Auto Services Holdings Limited has been attempting to amend its Articles of Association to comply with the Stock Exchange of Hong Kong’s updated Core Shareholder Protection Standards. Despite multiple attempts at general meetings, the proposed amendments have not passed due to failing to meet the required three-fourths voting threshold. The company plans to propose further amendments at an extraordinary general meeting in April 2025, demonstrating its commitment to aligning with the mandatory requirements.
China Zhengtong Auto Services Holdings Limited has announced an extraordinary general meeting to be held on April 23, 2025, where shareholders will consider re-electing directors and approving amendments to the company’s articles of association. These amendments aim to align with the Core Shareholder Protection Standards required by the Hong Kong Stock Exchange and comply with Cayman Islands filing requirements, potentially impacting the company’s governance and compliance framework.
China ZhengTong Auto Services Holdings Limited reported a challenging financial performance for the year ended December 31, 2024, with a 14% decline in revenue to approximately RMB20,746.8 million and a significant increase in losses. The company attributed these results to the ongoing transformation in the automotive industry, characterized by moderate growth and pricing pressures, and has responded by enhancing operations, focusing on after-sales and derivative businesses, and accelerating its new energy and international business initiatives.
China ZhengTong Auto Services Holdings Limited has announced a board meeting scheduled for March 28, 2025, to discuss and approve the company’s annual results for the year ending December 31, 2024. The meeting will also consider the recommendation of a final dividend and address other business matters, potentially impacting the company’s financial strategy and shareholder returns.
China Zhengtong Auto Services Holdings Limited has announced a monthly update regarding a connected transaction involving the subscription of shares under a specific mandate, an application for a whitewash waiver, and a possible unconditional mandatory cash offer by CLSA Limited on behalf of Xinda Motors Co., Limited. The company is in the process of finalizing the contents of a Circular, which is expected to be dispatched by March 31, 2025. The completion of the connected subscription and the granting of the whitewash waiver are subject to certain conditions and shareholder approvals, which may impact the company’s operations and market positioning.