Baoxin (BAOXF) 0.5111 $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.
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. 
