ZHONGSHENG HLDG Surges Nearly 4% on Major Partnership with GAC Trumpchi

Stock News05-21 14:20

ZHONGSHENG HLDG (00881) rose nearly 4%, with gains reaching 3.4% at the time of reporting, trading at HK$6.69 and a turnover of HK$66.28 million. The increase follows the recent announcement of a deep strategic cooperation between ZHONGSHENG Group and GAC Trumpchi. The partnership, formalized in May 2026, will focus on developing sales, after-sales service, and customer operation channels, with plans to establish over 30 new outlets within the year. This collaboration represents a key strategic move by ZHONGSHENG Group to adapt to shifts in automotive consumption patterns, diversify its brand portfolio, and expand partnerships with high-quality domestic brands. It is also expected to enhance the group's capabilities in providing comprehensive vehicle lifecycle services to family customers. By the end of 2025, ZHONGSHENG Group had established 453 branded retail outlets and 46 maintenance service centers, primarily covering 32 major cities. The group's annual after-sales service revenue reached approximately RMB 22.911 billion, with an active customer base of 4.6 million by year-end.

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