China ZhengTong Auto Services Holdings Limited (the “Company” or “ZhengTong” or “ZhengTong Auto”, and together with its subsidiaries the “Group”) is the leading 4S dealership group in China focusing on dealership of luxury and ultra-luxury branded automobiles such as Porsche, Mercedes-Benz, BMW, Audi, Jaguar and Land Rover, Volvo, Infiniti and Cadillac. The Group also operates dealership stores of middle market brands, such as FAW Volkswagen, Buick, Nissan, Toyota, Honda and Hyundai.
The Group has developed a forward-looking strategic network covering developed regions and fast growing provinces in China so as to lay down a solid foundation for rapid growth of the Group in the future. As at 31 December 2017, we operated 134 dealership outlets in 40 cities across 16 provinces and municipalities nationwide not only covering the developed automobile market of some of the affluent first-tier and capital cities, but also effectively expanding to second and third-tier cities and regions with rapid growth and low automobile penetration.
The Group has endeavored to provide our customers with the most superior automobile sales and after-sale services. The provision of comprehensive automobile solutions and the adoption of customer-oriented business model allow the Group to facilitate its long-term relationship with customers. To address growing demand in 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 been complementary to its automobile dealership and after-sale services business. Meanwhile, the Group has been exerting efforts in the development of its automobile financial services, financial leasing, insurance brokerage and other financial business, in order to complete the strategic transformation of the Group’s business operation for achieving its goal of sustainable healthy growth.
In 2002, ZhengTong Auto set up logistics business as an auxiliary to further enhance its close cooperation with automobile manufactures. In 2008, the Group kicked off lubricant business to promote after-sales services and grasp opportunities brought by fast-growing market.
On 10th December, 2010, ZhengTong Auto was listed on the main board in HK, making it the first luxury-brand automobile dealership group that went public in HK. In August, 2011, the Group acquired SCAS Investment Group Co. Ltd., further optimizing brand mix, network distribution and expanding operating scale to a larger extend.
In 2013, Dingze Insurance Agency Company Limited was set up as a breakthrough in insurance business. In April, 2015, a 95%-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 used cars to achieve sustainable growth.
The Group was also listed among the Forbes Asia-Pacific’s 50 Best Big Public Companies (Fab50) three year in a row (2013-2015). With 33.5 billion RMB turnover in 2017, the Group ranked No. 11th on the list of Top 100 Auto Dealers, and rated as Five Star Auto Dealer Group.
Keeping the Business idea of ZhengTong Auto in mind, the Group is committed to providing customers with premium all-around auto life services for extraordinary experience!
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