Core Viewpoint - The company anticipates a significant loss attributable to macroeconomic factors, weakened domestic consumption, and intensified price competition, particularly affecting the luxury car segment [1] Financial Performance - The company expects a loss attributable to equity shareholders of no less than RMB 800 million for the mid-2025 period, compared to a loss of approximately RMB 30 million for the mid-2024 period [1] - Non-cash impairment of goodwill and dealership rights is projected to be at least RMB 800 million for mid-2025, a substantial increase from approximately RMB 150 million for mid-2024 [1] Market Conditions - The board attributes the anticipated losses to ongoing macroeconomic challenges, an imbalance in supply and demand for passenger vehicles, and a worsening price war [1] - The increase in consumption tax on ultra-luxury cars is expected to negatively impact future performance in that segment [1] Financial Strategy - The company maintains a solid overall financial position and healthy cash flow from operating activities, indicating a commitment to a prudent financial strategy moving forward [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責， 對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不 對 因 本 公 告 全 部 或 任 何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 China MeiDong Auto Holdings Limited 中 國 美 東 汽 車 控 股 有 限 公 司 （於 開 曼 群 島 註 冊 成 立 的 有 限 公 司 ） （股 份 代 號：1268） 董事會認為本集團整體財務狀況穩健良好，經營活動現金流健康。本集團將繼續 保持審慎穩健的財務策略。 本 公 司 仍 在 編 製 二 零 二 五 年 中 期 之 財 務 業 績，本 公 告 所 載 資 料 僅 為 基 於 未 經 審 核 的 綜 合 管 理 賬 目 及 現 時 可 得 之 財 務 資 料。有 關 資 料 尚 未 落 實，亦 未 經 本 公 司 核 數 師或本公司審核委員會審計或審閱，故可能有所調整。 本集團二零二五年中期的未經審核業績將載於本公司即將發佈的中期業績公告中， 預期該公告將於二零二五年八月底發佈。 本公司股東及潛 ...

Core Viewpoint - East Auto (01268) announced that it will distribute a final dividend of HKD 0.0445 per share on August 27, 2025 [1] Company Summary - The company is set to pay a final dividend, indicating a commitment to returning value to shareholders [1]

Core Viewpoint - East Motor (01268) announced that it will distribute a final dividend of HKD 0.0445 per share on August 27, 2025 [1] Summary by Category - **Company Announcement** - East Motor will pay a final dividend of HKD 0.0445 per share [1]

免責聲明 | 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因 公告全部或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 | | | --- | --- | | 股票發行人現金股息公告 | | | 發行人名稱 | 中國美東汽車控股有限公司 | | 股份代號 | 01268 | | 多櫃檯股份代號及貨幣 | 不適用 | | 相關股份代號及名稱 | 不適用 | | 公告標題 | 截至二零二四年十二月三十一日止年度的末期股息 | | 公告日期 | 2025年3月26日 | | 公告狀態 | 更新公告 | | 更新/撤回理由 | 匯率, 派息金額及公司預設派發貨幣更新 | | 股息信息 | | | 股息類型 | 末期 | | 股息性質 | 普通股息 | | 財政年末 | 2024年12月31日 | | 宣派股息的報告期末 | 2024年12月31日 | | 宣派股息 | 每 股 0.0445 RMB | | 股東批准日期 | 2025年5月20日 | | 香港過戶登記處相關信息 | | | 派息金額及公司預設派發貨幣 | ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責， 對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不 對 因 本 公 告 全 部 或 任 何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 China MeiDong Auto Holdings Limited 中 國 美 東 汽 車 控 股 有 限 公 司 （於 開 曼 群 島 註 冊 成 立 的 有 限 公 司 ） （股 份 代 號：1268） 派付二零二四年末期股息的匯率 預 期 末 期 股 息 支 票 將 於 二 零 二 五 年 八 月 二 十 七 日（星 期 三）以 平 郵 方 式 寄 出，郵 誤 風險由股東自行承擔。 承董事會命 中國美東汽車控股有限公司 主 席 葉 帆 香港，二零二五年八月 十 三 日 於本公告日期，本公司董事會成員包括： 獨立非執行董事： 陳規易先生 王炬先生 杜紹麟先生 執行董事： * 經約整 葉帆先生 （主席） 葉濤先生 （行政總裁） 羅劉玉女士 茲 提 述 中 國 美 東 汽 車 控 股 有 限 公 司（「本公司」）日 期 為 二 零 二 五 ...

Core Viewpoint - East Motor (01268.HK) announced that it will hold a board meeting on August 27, 2025, to consider its interim performance for the six months ending June 30, 2025, and to discuss the potential declaration of an interim dividend, if any [1] Summary by Relevant Categories - **Company Performance** - The board meeting will review the interim results for the six months ending June 30, 2025 [1] - **Dividend Consideration** - The meeting will also consider the distribution of an interim dividend, subject to the company's performance [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責， 對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不 對 因 本 公 告 全 部 或 任 何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 China MeiDong Auto Holdings Limited 中 國 美 東 汽 車 控 股 有 限 公 司 （於 開 曼 群 島 註 冊 成 立 的 有 限 公 司 ） （股 份 代 號：1268） 董事會會議通告 中 國 美 東 汽 車 控 股 有 限 公 司（「本公司」）宣 佈，本 公 司 將 於2025年8月27日（星 期 三） 舉 行 本 公 司 董 事 會（「董事會」）會 議，藉 以（其 中 包 括）考 慮 本 公 司 及 其 附 屬 公 司 截 至 2025年6月30日 止 六 個 月 之 中 期 業 績，以 及 考 慮 派 發 中 期 股 息（如 有）。 於本公告日期，董事會成員包括： 執行董事： 葉帆先生 （主席） 葉濤先生 （行政總裁） 羅劉玉女士 獨立非執行董事： 陳規易先生 王炬先生 杜紹麟先生 承董事會命 中 ...

Core Viewpoint - The article highlights the contrasting experiences of individual car salespeople who can earn high incomes from selling popular new models, while traditional dealerships face significant financial challenges and a wave of closures due to declining profitability and market pressures [9][16][32]. Group 1: Sales Performance and Challenges - In late 2023, the launch of the AITO M9 saw salespeople achieving remarkable sales figures, with one salesperson selling 28 units in a month [6][8]. - Despite the potential for high earnings, the reality for many salespeople is marked by intense work pressure and high turnover rates, as many leave due to the demanding nature of the job [12][15]. - The sales environment is increasingly competitive, with new models from various brands entering the market, yet many salespeople report low sales during off-peak months [10][13]. Group 2: Dealership Financial Struggles - The China Automobile Dealers Association predicts that over 4,400 dealerships will close in 2024, with a loss rate among dealers reaching 41.7% [9][17]. - Price inversion affects 84.4% of dealerships, with over 60.4% experiencing a price drop exceeding 15% [17][18]. - Major dealership groups like Zhongsheng Holdings and Yongda Automotive are experiencing significant declines in new car sales and profitability, with some reporting net profit drops of over 80% [19][20]. Group 3: After-Sales Service as a Revenue Stream - After-sales services are becoming a crucial revenue source for traditional dealerships, with Zhongsheng Holdings reporting a 9.6% increase in after-sales revenue in 2024 [25][26]. - The focus on after-sales services is seen as a potential lifeline for dealerships struggling with new car sales [25][32]. Group 4: Industry Transformation and Future Outlook - The article discusses the need for dealerships to adapt to changing market conditions, emphasizing collaboration with manufacturers and a shift towards after-sales and user engagement strategies [32]. - The success of individual salespeople and mid-sized dealerships in the new energy vehicle market illustrates the potential for growth and adaptation within the industry [30][32]. - The ongoing transformation in the automotive industry highlights the importance of flexibility and innovation for both dealerships and sales personnel to thrive in a competitive landscape [32].

Core Insights - The automotive sales industry in China is experiencing a significant divide between individual salespeople benefiting from high commissions on popular new models and traditional dealerships facing severe financial losses and network reductions [3][10][23] - The introduction of new electric vehicle models is seen as a potential lifeline for struggling dealerships, but the ongoing price wars and channel transformation pressures may exacerbate the existing challenges [3][10][23] Group 1: Sales Performance and Challenges - Individual salespeople have reported high earnings during the launch of popular models, with some achieving monthly incomes of 30,000 to 40,000 yuan [4][6] - However, the high earnings come with extreme work intensity and high turnover rates among sales staff, indicating a challenging work environment [6][9][23] - The automotive sales sector is witnessing a significant number of dealership closures, with over 4,400 4S stores expected to exit the market in 2024, reflecting a 41.7% loss rate among dealers [10][11] Group 2: Financial Performance of Dealerships - Major dealership groups are reporting declining new car sales and revenues, with companies like Zhongsheng Holdings and Yongda Automotive experiencing significant drops in both sales volume and profit margins [11][12] - The overall profitability of traditional dealerships is under pressure, with many reporting negative gross margins on new car sales, leading to a shift in focus towards after-sales services as a key revenue source [15][16] - The after-sales business has shown growth, with Zhongsheng Holdings reporting a 9.6% increase in after-sales revenue, highlighting a potential area for profitability amidst declining new car sales [15][16] Group 3: Industry Transformation and Future Outlook - The automotive industry is undergoing a transformation, with traditional dealerships needing to adapt to new market realities, including the rise of electric vehicles and changing consumer preferences [23] - Collaboration between manufacturers and dealerships is emphasized as a necessary strategy for survival, with calls for more flexible arrangements and support from manufacturers to help dealers navigate the current challenges [23] - The success of individual salespeople and mid-sized dealerships in the electric vehicle market suggests that there are opportunities for growth and adaptation, provided that stakeholders can work together effectively [23]