Zhongsheng Group warns of up to RMB2 billion loss in 2025

Reuters

Mar 13

Zhongsheng Group warns of up to RMB2 billion loss in 2025

Zhongsheng Group expects a loss attributable to owners of the parent of no more than RMB2.00 billion for 2025, versus a profit of RMB3.20 billion in 2024. The company said gross loss from its automobile business (including new and pre-owned) rose by no more than 70% year on year. It also reported automobile financing commission income fell by no more than 50%. Zhongsheng expects to recognise a non-cash impairment of goodwill and intangible assets of no more than RMB2.50 billion from certain underperforming units.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Zhongsheng Group Holdings Limited published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260313-12051783), on March 13, 2026, and is solely responsible for the information contained therein.

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