2025-08-28 08:00Strategic Vision & Customer Base - Zhongsheng aims to be the most trusted auto services brand for premium consumers in China[4] - The company has 4.54 million active customers[4] - Zhongsheng has 3.80 million Zhongsheng GO subscribers[4] - The average number of active customers per store is 137,000[4] Market Dynamics & Positioning - Repeat buyers account for approximately 80% of the Chinese auto market in 2024[8] - Zhongsheng's customer service covers 14.6% of the luxury brands in 32 core cities[10] - Zhongsheng operates 439 stores in total[19] - Zhongsheng operates 46 collision centers[19] Financial Performance (1H2025) - After-sales services revenue grew by 4.4% to RMB 5.441 billion[50] - Active customers serviced increased by 1.7% to 4.003 million[50] - Serviced units increased by 9.9% to 4.542 million[50] - Insurance policies brokered increased by 8.1% to 1.204 million[50] - Total revenue decreased by 6.2% to RMB 77.3 billion[88] - New car revenue decreased by 4.7% to RMB 57.9 billion[92] - Used car revenue decreased by 27.0% to RMB 6.0 billion[94] - Accessories, packages and after-sales services revenue increased by 0.1% to RMB 13.4 billion[90] - New car sales volume decreased by 1.7% to 228,649 units[98] - Used car sales volume increased by 9.6% to 111,244 units[98] - Net profit attributable to owners of the parent was RMB 1.011 billion[114]