Zhongsheng is a leading national automotive distribution and service group on the Chinese mainland principally engaged in providing auto services including sales of new and second-hand automobiles, after-sales, refitting, parts and accessories, financial, insurance and leasing services. It currently operates automobile brands, consisting of luxury automobile brands including Mercedes-Benz, Lexus, AITO, and mid-to-high end automobile brands including Toyota and Honda. Jardines has a long-standing strategic partnership with Zhongsheng.

Hong Kong

Listed

1

Board seats held

5%

2024 underlying profit contribution

US$83m

2024 underlying contribution

* Percentage calculated excludes the treasury shares held by Zhongsheng Group.

2024-HKL-West Bund

Value creation

Basic EPS (RMB/share)

Dividend per share (HK$/share)

Total shareholder return (%)

  • Maintained EPS since 2019. Delivered significant after-sales growth to offset  new car  margin compression
  • Solid DPS growth since 2019 reflects increasing payout on good cash generation
  • TSR primarily reflects pressures on China's new car market
  • Executing strategic development of Zhongsheng-branded after-sales services to capitalise on customer relationships, brand and operational strengths

436 dealership stores

4.19m active customers

34 collision centres in operation 

Key management

  • Mr. Huang Yi

    Chairman

  • Mr. Li Guoqiang

    Vice-chairman and Chief Executive Officer

  • Elton Chan

    CEO of Jardine Pacific

    Elton Chan

    CEO of Jardine Pacific

    Having first joined the Group in 2004, Elton Chan is chief executive of Jardine Pacific, overseeing the portfolio of Jardine Pacific businesses. Prior to his current role at Jardine Pacific, he has worked in a range of senior management role across the Group, including chief executive of Jardine Schindler Group and managing director of Zung Fu China.

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