Zhengtong Automobile (01728) and Shandong Cinda signed a 2024 project entrustment agreement with a total cost of no more than 9 million yuan

Zhitong Finance App News, Zhengtong Auto (01728) announced that on April 16, 2024, the company and Shandong Cinda signed a 2024 project entrustment agreement. According to this, Shandong Cinda will provide and install smart technology and weak current systems for the Group to upgrade and transform a number of facilities. The total cost should not exceed RMB 9 million. According to the announcement, the Group is currently upgrading and renovating several facilities. This process requires the installation of intelligent technology and weak current systems. The Group plans to further upgrade and renovate a number of facilities and carry out other intelligent weak electricity projects for the year ending December 31, 2024. Shandong Cinda is rich in this area

Zhitong FinanceApr 16 05:01 ET

Zhengtong Auto (01728): Huang Junfeng has been appointed as the new chairman of the board

Zhengtong Automobile (01728) issued an announcement. Starting April 10, 2024, board members and some of its directors...

Zhitong FinanceApr 10 08:50 ET

Zhengtong Auto (01728) announced annual results, losses attributable to shareholders of 891 million yuan, an increase of 200.72% year-on-year, achieving a contrarian increase in market share of core distribution brands

Zhengtong Auto (01728) announced its annual results for the year ended December 31, 2023. The group made profits during the period...

Zhitong FinanceMar 27 11:54 ET

ZHENGTONGAUTO: ANNOUNCEMENT OF ANNUAL RESULTS FOR THE YEAR ENDED 31 DECEMBER 2023

Futu NewsMar 27 10:50 ET · Announcements

China Zhengtong Auto Services Flags Loss for 2023; Shares Jump 14%

China Zhengtong Auto Services Holdings (HKG:1728) expects a net loss of 830 million yuan for the year ended Dec. 31, 2023, compared with a net loss of roughly 297 million yuan for the previous year, a

MT NewswiresMar 25 03:14 ET

Zhengtong Auto (01728)'s net loss in 2023 is expected to increase year-on-year to no more than 830 million yuan

According to the Zhitong Finance App, Zhengtong Auto (01728) announced that despite a steady increase in revenue in 2023, gross margin declined due to intense competition and falling sales prices. It is expected that the Group's net loss for the year ended December 31, 2023 will not exceed RMB 830 million, while the net loss for the year ended December 31, 2022 was approximately RMB 297 million. The board of directors believes that although the company's business development trend is still good, it is limited by fierce competition in the automobile dealership industry, insufficient consumer demand in the overall market, and the decline in the average sales price of active brand cars

Zhitong FinanceMar 22 10:31 ET