Stock Track | Zhongsheng Holdings Soars 5.40% on Strong Financial Results and Dividend Announcement

Stock Track
03-28

Zhongsheng Group Holdings (00881.HK) saw its stock price surge 5.40% in intraday trading, following the release of its impressive full-year financial results and the announcement of a final dividend. The Hong Kong-listed automotive retailer demonstrated robust performance across key metrics, attracting investor interest.

For the fiscal year, Zhongsheng Group reported revenue of RMB 168,124.2 million, with a gross profit of RMB 10,671.9 million. The company's operational efficiency was evident in its operating profit of RMB 5,674.5 million, translating to an operating margin of 3.4%. The gross margin stood at a healthy 6.3%, indicating the company's ability to maintain profitability in the competitive automotive retail sector.

In a move that further bolstered investor confidence, Zhongsheng Group proposed a final dividend of HK$0.678 per share. This generous payout is likely to be well-received by shareholders and may have contributed to the stock's significant uptick. The company also reported capital expenditures of RMB 1,356.7 million for the year, reflecting its continued investment in growth and operational improvements.

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