ZHONGSHENG HLDG's stock soared 9.71% during the morning trading session, reflecting strong investor confidence following the release of the company's annual financial results and strategic expansion plans.

The company reported total new vehicle sales of 497,300 units for the year, representing a 2.5% year-over-year increase. Sales of luxury brands reached 311,400 units, up 6.2% compared to the previous year and accounting for 62.6% of total sales. The new energy brand AITO contributed 8.2% of total sales volume, effectively offsetting declines in traditional fuel vehicle segments.

According to the annual report, ZHONGSHENG HLDG plans to accelerate its efforts in the new energy sector and expand strategic cooperation with Geely, aiming to achieve a multiple increase in the number of new energy stores by the end of 2026.