Changjiu Co., Ltd. (06959) rose more than 5% and rose 5.43% at press time to HK$38.85, with a turnover of HK$2.17 million.
The Zhitong Finance App learned that Changjiu Shares (06959) rose by more than 5% and rose 5.43% at press time to HK$38.85, with a turnover of HK$2.17 million.
In terms of performance, for the year ended December 31, 2023, the group achieved revenue of 642 million yuan (RMB, same below) during the period, an increase of 17.1%; profit attributable to the company's equity shareholders was 102 million yuan, an increase of 6.72% over the previous year; and basic profit per share was 0.6762 yuan. According to the announcement, the increase in revenue was mainly due to the increase in revenue generated by pledged vehicle monitoring services, mainly due to the increase in the number of service agreements; and the increase in revenue generated by car dealer operation and management services, mainly due to the increase in the number of car dealers managed by the group and the profit of each car dealer.
According to the latest report from Insight Consulting, the number of vehicles pledged in China's automobile distribution sector has reached millions and is showing a steady growth trend. This huge market size provides broad development space for pledged vehicle monitoring services. At the same time, as financial institutions' requirements for risk prevention and control continue to rise, the demand for pledged vehicle monitoring services is also showing a steady growth trend. According to reports, in 2022, Changjiu Co., Ltd. is the largest pledged vehicle monitoring service provider in China's automobile distribution sector, with a market share of 47.9%.