Baoxin (BAOXF) 0.7448 $BAOXF
Baoxin Auto Announces 2014 Annual Results
JCN Newswire - Tue Mar 31, 10:30AM CDT
Baoxin Auto Group Limited, a leading luxury 4S dealership group in China, announced its annual results for the year ended 31 December 2014. During the year under review, as a series of automobile policies had introduced, China's auto industry was facing market and structural adjustment on multiple aspects, which rebalanced the interests between manufacturers, distributors and consumers. Market demands gradually attribute to luxury automobiles and after-sales extended services and Baoxin Auto actively swift its business development strategy and achieved satisfying results. For the year ended 31 December 2014, The Group's total revenue increased by 2.1% to RMB 30,723.4 million, in which the after-sales revenue increased by 13.2% to RMB 3,059.5 million, accounted for 10.0% of the total revenue. The commission income from vehicle value-added services amounted to RMB 371.4 million, representing a significant increase of 60.4%. The Group's gross profit was RMB 2,787.6 million and the gross profit margin was 9.1%. The EBITDA was RMB 1,989.2 million, representing an EBITDA margin of 6.5%. In the year under review, profit attributable to owners of the parent was RMB 706.6 million and earnings per share attributable to ordinary equity holders of the parent were RMB 0.28. The Baoxin board of directors proposed a final dividend of HK$0.05 per ordinary share.
Baoxin Auto Successfully Won Approval as One of the First Qualified Pilot Companies in FTZ (Shanghai)
JCN Newswire - Wed Feb 11, 9:54AM CST
Baoxin Auto Group Limited is pleased to announce that it has won approval on February 10, 2015 for parallel imports of vehicles as one of the First Qualified Companies in China (Shanghai) Pilot Free Trade Zone ("FTZ"
. According to Shanghai Municipal Commission of Commerce announced on its website, 17 companies have been cleared for the parallel import scheme, which allows dealers to import vehicles directly from overseas without authorization from the brand owners.
2014 Report on the Chinese Automotive Distribution Industry and Automotive Aftermarket - Forecasts to 2017
M2 - Thu Jun 12, 9:03AM CDT
Research and Markets (http://www.researchandmarkets.com/research/ttkqfn/china_automotive) has announced the addition of the "2014 Report on the Chinese Automotive Distribution Industry and Automotive Aftermarket - Forecasts to 2017" report to their offering. In 2013, the sales volume of new cars in China accounted for 80.9% of the total sales (including new cars and second-hand vehicle); the new car sales of dealers occupied more than 85% of their total revenue, while in America over the same period, the sales volume of new cars made up 27.6% of the total, and the new car sales of dealers accounted for 57.1% of the total revenue. In 2013, the dealers' revenue from second-hand vehicles accounted for less than 3% of their total revenue, and this proportion in the U.S stood at 31.3% for the same period. Therefore, contribution of second-hand vehicles to gross profit of Chinese dealers was obviously inadequate, with gross profit of Chinese dealers from second-hand vehicles in 2013 accounting for 7%; and this figure in America during the same period came to as high as 26%. In 2013, China's revenue in auto after-sales service sector accounted for a small proportion, at less than 12%, but with larger contribution to gross profit (above 45%). Many dealers has accelerated the transition towards aftermarket, these dealers including PANG DA Automobile Trade and Xianglong Borui, which has provided such service items as second-hand vehicles, finance and insurance. Key Topics Covered: 1 Automotive Distribution and Automotive Aftermarket 2 Sales Market of New Cars in China 3 Second-hand Vehicle Market in China 4 Overview and Competition Pattern of Automobile Dealers in China 5 China Automotive Aftermarket 6 Majors Automotive Dealers in China 7 Summary and Forecast Companies Mentioned: - Baoxin Auto Group - DCH Zhongda Yuantong Group - Grand Orient - Lentuo Group - Pangda Automobile - Sinomach Automobile - Yaxia Automobile - Yongda Auto - ZhengTong Auto - Zhongsheng Group For more information visit http://www.researchandmarkets.com/research/tt...automotive
Baoxin Auto Announces 2014 Annual Results
JCN Newswire - Tue Mar 31, 10:30AM CDT
Baoxin Auto Group Limited, a leading luxury 4S dealership group in China, announced its annual results for the year ended 31 December 2014. During the year under review, as a series of automobile policies had introduced, China's auto industry was facing market and structural adjustment on multiple aspects, which rebalanced the interests between manufacturers, distributors and consumers. Market demands gradually attribute to luxury automobiles and after-sales extended services and Baoxin Auto actively swift its business development strategy and achieved satisfying results. For the year ended 31 December 2014, The Group's total revenue increased by 2.1% to RMB 30,723.4 million, in which the after-sales revenue increased by 13.2% to RMB 3,059.5 million, accounted for 10.0% of the total revenue. The commission income from vehicle value-added services amounted to RMB 371.4 million, representing a significant increase of 60.4%. The Group's gross profit was RMB 2,787.6 million and the gross profit margin was 9.1%. The EBITDA was RMB 1,989.2 million, representing an EBITDA margin of 6.5%. In the year under review, profit attributable to owners of the parent was RMB 706.6 million and earnings per share attributable to ordinary equity holders of the parent were RMB 0.28. The Baoxin board of directors proposed a final dividend of HK$0.05 per ordinary share.
Baoxin Auto Successfully Won Approval as One of the First Qualified Pilot Companies in FTZ (Shanghai)
JCN Newswire - Wed Feb 11, 9:54AM CST
Baoxin Auto Group Limited is pleased to announce that it has won approval on February 10, 2015 for parallel imports of vehicles as one of the First Qualified Companies in China (Shanghai) Pilot Free Trade Zone ("FTZ"
. According to Shanghai Municipal Commission of Commerce announced on its website, 17 companies have been cleared for the parallel import scheme, which allows dealers to import vehicles directly from overseas without authorization from the brand owners. 2014 Report on the Chinese Automotive Distribution Industry and Automotive Aftermarket - Forecasts to 2017
M2 - Thu Jun 12, 9:03AM CDT
Research and Markets (http://www.researchandmarkets.com/research/ttkqfn/china_automotive) has announced the addition of the "2014 Report on the Chinese Automotive Distribution Industry and Automotive Aftermarket - Forecasts to 2017" report to their offering. In 2013, the sales volume of new cars in China accounted for 80.9% of the total sales (including new cars and second-hand vehicle); the new car sales of dealers occupied more than 85% of their total revenue, while in America over the same period, the sales volume of new cars made up 27.6% of the total, and the new car sales of dealers accounted for 57.1% of the total revenue. In 2013, the dealers' revenue from second-hand vehicles accounted for less than 3% of their total revenue, and this proportion in the U.S stood at 31.3% for the same period. Therefore, contribution of second-hand vehicles to gross profit of Chinese dealers was obviously inadequate, with gross profit of Chinese dealers from second-hand vehicles in 2013 accounting for 7%; and this figure in America during the same period came to as high as 26%. In 2013, China's revenue in auto after-sales service sector accounted for a small proportion, at less than 12%, but with larger contribution to gross profit (above 45%). Many dealers has accelerated the transition towards aftermarket, these dealers including PANG DA Automobile Trade and Xianglong Borui, which has provided such service items as second-hand vehicles, finance and insurance. Key Topics Covered: 1 Automotive Distribution and Automotive Aftermarket 2 Sales Market of New Cars in China 3 Second-hand Vehicle Market in China 4 Overview and Competition Pattern of Automobile Dealers in China 5 China Automotive Aftermarket 6 Majors Automotive Dealers in China 7 Summary and Forecast Companies Mentioned: - Baoxin Auto Group - DCH Zhongda Yuantong Group - Grand Orient - Lentuo Group - Pangda Automobile - Sinomach Automobile - Yaxia Automobile - Yongda Auto - ZhengTong Auto - Zhongsheng Group For more information visit http://www.researchandmarkets.com/research/tt...automotive
