? ⎛⎝glnuL⎠⎞Company Profile


  China ZhengTong Auto Services Holdings Limited (“The Company” or “ZhengTong” or “ZhengTong Auto”, with its subsidiaries, collectively referred to as “The Group”) is a leading auto dealer group in China, focusing on luxury and ultra-luxury brands such as Porsche, Mercedes-Benz, BMW, Audi, Jaguar Land Rover, HongQi, Volvo, Infiniti, and Cadillac. The Group also operates dealerships of middle-range brands such as FAW-Volkswagen, Buick, Chevrolet, Nissan, Toyota, Honda, and Hyundai.
  The Group has developed a forward-looking strategic network covering developed regions and fast-growing provinces in China to lay down a solid foundation for the rapid growth of the Group in the future. As of December 31, 2020, the Group has 125 operating outlets in 40 cities in 17 provinces and municipalities across the country, which not only covers the affluent first-tier developed cities and regions, but also effectively expanding to second and third-tier cities and regions with rapid growth but low automobile penetration.
  With the original intention of building the "Smile ZhengTong" brand image, the Group has always been committed to providing customers with the most superior automobile sales and after-sales services. The provision of comprehensive automobile solutions and the adoption of a customer-oriented business model allows the Group to facilitate its long-term relationship with customers. To address the growing demand in the automobile market, the Group has also strengthened its after-sale services with an aim to deliver its customers high-quality services in a rapid manner. The Group’s supply chain business has also been a useful complementary to its automobile dealership and after-sale services business. Meanwhile, the Group has been exerting efforts in the development of automobile financial businesses such as auto finance, financial leasing, and insurance brokerage business, so as to complete the strategic transformation of the Group's business operations and achieve the goal of having sustainable and steady growth of the Group. Here is the development path of ZhengTong:
  In 2002, in order to further strengthen the close cooperation with automobile manufacturers and assist the automobile dealership business, ZhengTong Automobile established a logistics service business.
  In 2008, the Group kicked off lubricant business to promote after-sales services and grasp opportunities brought by the fast-growing market.
  On 10th December 10th, 2010, ZhengTong Auto was listed on the main board in HK, making it the first luxury-brand automobile dealership group that went public in Hong Kong.
  In August 2011, the Group acquired SCAS Investment Group Co. Ltd., which further optimized brand mix, network distribution and expanded the operating scales to a larger extend.
  In 2013, DingZe Insurance Agency Company Ltd. was set up as a breakthrough of in the insurance business. In April 2015, an owned subsidiary, Shanghai DongZheng Automotive Finance Co. Ltd. was established, marking a brand-new development stage for the Group. Moreover, the Group also focuses on the used cars business to achieve sustainable growth.
  The Group was listed among the “Forbes Asia-Pacific’s 50 Best Big Public Companies” (“Fab50”) three years in a row (2013-2015). With a turnover of RMB 35.1 billion turnover in 2019, the Group ranked No. 13th on the list of Top 100 Auto Dealers.
  In 2021, new Wuhan Benz and Chengdu Porsche new stores have been put into operation. In the future, there will be more high-quality brand stores to help us expand our service boundaries.
  Adhering to the operating philosophy of Smile ZhengTong, the Group is committed to providing customers with premium all-around auto life services for an extraordinary experience, thereby making us a world-class automobile service brand.

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