Zhongsheng Group Reports 6.2% Drop in Total Revenue, 38.4% Decline in Profit, and 35.5% Decrease in EPS for H1 2025

Reuters
Aug 28
Zhongsheng Group Reports 6.2% Drop in Total Revenue, 38.4% Decline in Profit, and 35.5% Decrease in EPS for H1 2025

Zhongsheng Group Holdings Limited has announced its unaudited consolidated results for the six months ended 30 June 2025. The company reported a total revenue of RMB 77.3221 billion, marking a decline of 6.2% compared to RMB 82.4214 billion in the same period the previous year. This decrease was primarily driven by a 7.4% drop in sales of motor vehicles, which totaled RMB 63.9456 billion, down from RMB 69.0523 billion. In contrast, accessories and after-sales services saw a marginal increase of 0.1% to RMB 13.3765 billion, with after-sales services specifically rising by 4.4% to RMB 11.4453 billion. The group's gross profit fell by 14.6%, totaling RMB 4.2093 billion compared to RMB 4.9262 billion a year earlier. This decline was largely due to a 55.3% reduction in the gross profit from the sales of motor vehicles. The aggregate profit witnessed an 11.8% decrease, amounting to RMB 6.0544 billion. Profit for the period was reported at RMB 924.1 million, representing a significant decrease of 38.4% from RMB 1.500 billion in the prior-year period. Additionally, the profit attributable to owners of the parent declined by 36% to RMB 1.0114 billion. Basic earnings per share attributable to ordinary equity holders fell by 35.5% to RMB 0.427. The company continues to focus on its core operations related to the sale and service of motor vehicles in Mainland China, though it did not provide specific forward-looking guidance in this announcement.

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