Zhongsheng Company profile
About Zhongsheng Group Holdings Limited
Zhongsheng Group Holdings Limited is a Hong Kong-based investment holding company principally engaged in the distribution of automobiles. The Company’s main businesses include the sales of automobiles and automobile-related products, as well as the provision of automobile-related services. Its automobile-related products include automobile components and automobile accessories, among others. Its services include repair and maintenance services and detailing services, among others. The Company has the dealerships of Mercedes-Benz, Lexus, Audi, Porsche and Land rover, among others. The Company mainly operates businesses in China.
Financial summary
BRIEF: For the fiscal year ended 31 December 2021, Zhongsheng Group Holdings Limited revenues increased 18% to RMB175.1B. Net income increased 50% to RMB8.33B. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net income benefited from FV Adjustments of Financial Investment increase from RMB2.4M to RMB20.7M (income).