Zhongsheng Holdings (00881) saw its stock price surge 5.12% during intraday trading on Thursday. The significant upward movement followed the company's announcement of key leadership changes and the release of its annual financial results.

The company appointed Mr. Yu Jian as Executive Director and Chief Financial Officer, effective immediately. Mr. Yu brings extensive financial expertise to the role, holding both CFA and CPA (Australia) qualifications, with prior senior experience at China Resources Land and BP. Concurrently, Ms. Yu Ning was redesignated from CFO to Financial Controller. Investors appear to have welcomed the appointment of a seasoned financial executive to guide the company's strategy.

Furthermore, the group reported its annual results for 2025, revealing total revenue of RMB 164.4 billion alongside strategic business progress. Despite recording a net loss, the company highlighted a 2.5% year-on-year increase in new vehicle sales to 497,000 units, driven by a rising proportion of luxury brand sales (62.6%) and growth in its AITO new energy vehicle brand. The market may be responding positively to the company's detailed plans for network optimization and its accelerated expansion into the new energy vehicle sector, including deeper collaboration within Huawei's automotive ecosystem.