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China Zhengtong Auto Services Holdings
(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 | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 19.76B | 20.75B | 24.13B | 22.61B | 20.99B | 16.88B |
| Gross Profit | 899.43M | 779.07M | 1.01B | 1.59B | 1.24B | -5.17B |
| EBITDA | -109.73M | -6.29M | 982.32M | 900.12M | -178.45M | -8.37B |
| Net Income | -1.88B | -1.60B | -849.28M | -297.42M | -2.20B | -8.61B |
Balance Sheet | ||||||
| Total Assets | 27.12B | 29.22B | 29.51B | 27.73B | 26.13B | 28.00B |
| Cash, Cash Equivalents and Short-Term Investments | 1.22B | 631.09M | 871.20M | 837.65M | 745.20M | 1.09B |
| Total Debt | 19.19B | 21.31B | 21.04B | 20.02B | 18.14B | 14.66B |
| Total Liabilities | 25.47B | 28.15B | 28.23B | 27.51B | 25.59B | 22.68B |
| Stockholders Equity | 21.33M | -356.68M | 361.83M | 193.39M | 508.43M | 4.11B |
Cash Flow | ||||||
| Free Cash Flow | -176.82M | -347.73M | -1.09B | -712.02M | -486.33M | -239.67M |
| Operating Cash Flow | 77.92M | 31.09M | 36.79M | 158.79M | 155.63M | 346.23M |
| Investing Cash Flow | -134.89M | 202.72M | -793.48M | 1.30B | -345.83M | 22.41M |
| Financing Cash Flow | 357.00M | -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 |
|---|---|---|---|---|---|---|---|
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
58 Neutral | HK$23.38B | 6.47 | 5.60% | 5.79% | -9.51% | -25.80% | |
52 Neutral | HK$1.43B | -0.14 | 1123.27% | ― | -9.07% | -26.94% | |
50 Neutral | HK$2.28B | -0.86 | -127.27% | 4.01% | -14.04% | -4222.02% | |
47 Neutral | HK$2.73B | -0.29 | -26.57% | 9.05% | -13.69% | -1296.59% | |
45 Neutral | HK$1.77B | -18.53 | -4.42% | 3.49% | 11.33% | 56.94% | |
45 Neutral | HK$144.00M | -0.47 | -8.81% | ― | -24.42% | -115.68% |
China Zhengtong Auto Services Holdings Corporate Events
China ZhengTong Auto Services Holdings Limited has agreed to dispose of 100% of the equity interest in its indirect wholly owned subsidiary Shenzhenshi Huianqi, together with the related debts, to Xinda Information for a provisional consideration of approximately RMB803.10 million, payable by bank transfer. The principal asset being sold is a parcel of land in Shenzhen, and the transaction, which will significantly reshape the group’s asset base, is classified as a major and connected transaction under Hong Kong Listing Rules, requiring shareholder approval and independent evaluation. To manage governance and potential conflicts of interest arising from the involvement of its controlling shareholder ITG Holding, the company has appointed Huatai as financial adviser, formed an Independent Board Committee of non-executive directors, and engaged Somerley as independent financial adviser to opine on the terms and guide independent shareholders on voting.
China ZhengTong Auto Services Holdings Limited has announced the current composition of its board of directors, comprising five executive directors, led by Chairman Mr. Huang Junfeng, and three independent non-executive directors. The company has also set out the structure and membership of its four key board committees—Audit, Nomination, Remuneration, and Environmental, Social and Governance—clarifying which directors chair and serve on each committee, a move that underscores its emphasis on corporate governance, oversight and ESG matters for shareholders and other stakeholders.
China Zhengtong Auto Services Holdings has appointed Ms. Yu Lijie as an executive director with effect from 6 January 2026, strengthening its board with a senior executive from its controlling shareholder, Xiamen ITG Holding Group. Yu, 50, currently serves as General Manager of the Internal Control and Audit Department at ITG Holding and has nearly three decades of experience in financial management, internal control and audit in state-owned enterprises, including prior roles as vice president and CFO at Xiamen ITG Group and senior finance positions at ITG Holding and its predecessor. Under a three-year service contract, she will initially receive no remuneration as an executive director, with the company’s remuneration committee to review this in due course, signaling a governance-driven appointment that may further align the listed group’s oversight, control and financial discipline with those of its state-owned controlling shareholder.
China ZhengTong Auto Services Holdings Limited has announced the current composition of its board of directors, comprising four executive directors, led by chairman Huang Junfeng, and three independent non-executive directors. The company also detailed the membership and chairmanship of its four key board committees—Audit, Nomination, Remuneration, and Environmental, Social and Governance—clarifying the governance roles of each director and indicating the presence of an additional non-director member on the ESG Committee, a move that underscores its focus on formalized oversight and corporate governance structures for stakeholders.
China ZhengTong Auto Services has provided a quarterly update confirming that, despite its continued trading suspension in Hong Kong, its core 4S dealership, supply chain and property businesses in China remain operational and are being upgraded through management restructuring, closure and restructuring of underperforming outlets, and a push into new energy and international markets. The company is pursuing a major connected acquisition of the entire 4S dealership and auto sales and export business of Shenzhen-listed Xiamen Xindeco Ltd., which is expected to expand its regional coverage, scale and market share, while both the controlling shareholder and the company itself are exploring share placements and new share issues to restore minimum public float and pave the way for trading resumption, signalling active efforts to stabilize ownership structure and support future growth.
China ZhengTong Auto Services Holdings announced that executive director Mr. Zhuang Zhibo will resign from the board effective 31 December 2025 due to changes in his work arrangement. The company emphasized that Zhuang has no disagreements with the board and that there are no issues related to his departure that need to be brought to the attention of the exchange or shareholders, while the board expressed gratitude for his contributions and confirmed the remaining composition of executive and independent non-executive directors, signaling continuity in overall governance.
China ZhengTong Auto Services Holdings Limited has called an extraordinary general meeting for 20 January 2026 in Xiamen, where shareholders will vote on approving two significant acquisition agreements in mainland China and Thailand. The proposals cover the conditional purchase of 100% equity in Xindeco ITG Automobile in the PRC and 100% of the issued share capital of ITG Auto (Thailand), with the board seeking authorization for the chairman or his delegate to complete all necessary steps to implement these transactions, potentially expanding the group’s regional automotive footprint and reshaping its operational and geographic portfolio.
China Zhengtong Auto Services Holdings Limited has entered into a New Financial Services Agreement with ITG Finance, effective from January 1, 2026, to December 31, 2028. This agreement includes deposit services, payment and settlement services, and other financial services without asset deposit requirements, and is classified as a continuing connected transaction under Hong Kong’s Listing Rules. The agreement’s impact on the company includes maintaining financial service relationships with ITG Finance, a connected entity, while allowing flexibility to engage other financial institutions.
China Zhengtong Auto Services Holdings Limited has announced the acquisition of Xiamen Xindeco’s 4S dealership and automobile sales and export business. This strategic move involves purchasing 100% equity interest in Xindeco ITG Automobile and ITG Auto (Thailand) for approximately RMB793.49 million and RMB22.13 million, respectively. The acquisitions are subject to shareholder approval and are considered major transactions under the Listing Rules, potentially enhancing Zhengtong’s market position and expanding its operational footprint in the automotive sector.