ZHONGSHENG HLDG(00881) released its annual performance report. Total revenue reached 164.03 billion Yuan, with sales of 497,000 new cars, an increase of 2.5% year-on-year.

ZHONGSHENG HLDG (00881) announced its annual performance for the year ending December 31, 2025, with a total revenue of RMB 164.403 billion, a total gross profit of RMB 8.838 billion, and a net loss attributable to shareholders of RMB 1.673 billion. In 2025, Zhongsheng achieved sales of 497,000 new vehicles, an increase of 2.5% compared to the previous year, thanks to timely and effective optimization of its brand portfolio. The sales of luxury brands accounted for 62.6% of the total, while new energy brands accounted for 8.2%, effectively offsetting the decline in traditional fuel vehicle sales. Since the second half of 2024, the company has conducted a large-scale adjustment of its stores, closing and transferring a total of 50 inefficient and redundant stores of the same brand in the same city. At the same time, the company has focused on strengthening the concentration and density of the local market, optimizing property operation efficiency, and opening a total of 104 new brand stores and maintenance service centers, including 84 brand stores and 20 maintenance service centers. By the end of 2025, Zhongsheng had a total of 453 brand stores and 46 maintenance service centers. In the next step, the company will continue to deepen the path of high-quality, efficient, and profitable development in terms of brand structure and store network layout, and firmly promote the optimization and upgrade of the network. The company will further close inefficient stores, dynamically adjust the procurement and sales rhythm based on the profitability of each brand and model, and timely stop the purchase and sale of loss-making models, in order to improve the overall network profitability and asset efficiency. The company will continue to increase its market share and influence in its advantageous brands, with a focus on markets where it has a leading position. At the same time, the company is accelerating its embrace of the opportunities in the new energy industry. Building on the successful operation of the WENJIE brand, Zhongsheng is further expanding its presence in the Huawei ecosystem of electric vehicles and expanding its strategic cooperation with the Geely Group, with the goal of achieving a multiple increase in the number of new energy stores by the end of 2026.