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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.