China Grand Automotive Services Group Co., Ltd.
Summary
Revenue :
000,000 M USD
Finance :
000,000 M USD
Earning Cap :
000,000 M USD
Invest :
000,000 M USD
R & D :
0000 People
Growth :
00% AGR
DIGDAL CAP
Overview
| General Introduction | Guanghui Automobile Service Group Co., Ltd. is the largest passenger car distribution and service group in China, the largest luxury passenger car distribution and service group in China, the largest passenger car financing leasing provider among automobile dealers, and the largest second-hand car transaction agency service entity group among automobile dealers. The company has an industry-leading business scale and outstanding innovation capabilities, making it a leading enterprise in China's passenger car distribution and service industry. In June 2015, Guanghui Automobile successfully landed on the A-share market with securities code 600297.SH. In June 2016, we successfully acquired Baoxin (now renamed Guanghui Baoxin) Automotive Group Co., Ltd., a Hong Kong listed company, with a securities code of 01293. HK. Throughout 2021, the company achieved a revenue of approximately 158.44 billion yuan and sold 697000 new cars. As of December 31, 2021, the company has established a national automobile distribution network covering 28 provinces, autonomous regions, and municipalities directly under the central government, operating over 786 business outlets, including 745 4S stores. At present, the company is located in the first sales camp of many luxury brands, including BMW, Audi, Volvo, Jaguar Land Rover, Maserati, etc. The company has 250 super luxury and luxury brand outlets. In the "Top 100 List of China's Auto Dealers Group" issued by the China Automobile Circulation Association in the ten years from 2011-2021, Guanghui Auto topped the list for 10 times, and its position in the last seven years has never been shaken. In 2016, Guanghui Automobile became the first automobile dealer group in China with assets and revenue exceeding 100 billion yuan. Guanghui Automobile has been rated as one of China's top 100 enterprises for many consecutive years, ranking 72nd on the 2021 Fortune 500 list. The company has the widest coverage of passenger car brands in China, has established long-term and stable cooperative relationships with major global automobile manufacturers, and has signed strategic cooperation agreements with some automobile manufacturers, providing guarantees for the company to further expand its business scale. Meanwhile, the outstanding performance over the years is constantly promoting deeper trust and cooperation between the company and the host factory. Guanghui Automobile has taken the lead in the rapidly developing passenger car financing leasing industry, with rapid business development and high profitability. Relying on passenger car distribution and after-sales service platforms, passenger car financing leasing business can also further promote synergies among various sectors. At present, Huitongcheng's business covers 30 provinces, autonomous regions, and municipalities across the country, with over 200 exhibition cities, nearly 800 cooperative dealers, over 200 cooperative partners, and over 300 large second-hand car dealers. The company has been awarded the "Automotive Financial Service Innovation Award" by the China Automobile Circulation Association multiple times, and has won awards such as "China's Best Automotive Financial Leasing Company" and "Best Automotive Financial Leasing Product" at the China Automobile Finance Annual Conference for consecutive years. Guanghui Automobile has seized the development opportunity of China's second-hand car market and vigorously developed the second-hand car trading agency service business. At the same time, the company has launched multiple innovative businesses such as the "Guanghui Certified Used Car" brand service and the "Guanghui Used Car Online Trading Platform". The standardized and multifunctional professional second-hand car trading service center provides customers with technology, services, integrity protection, cross regional circulation, vehicle inspection, and logistics support capabilities based on 4S stores; A team of over a thousand professional assessors has made every effort to provide standardized, procedural, and refined services to our customers, continuously improving service quality and improving service content. Guanghui's second-hand cars have repeatedly ranked first on the second-hand car rankings in the Chinese automobile circulation industry. In order to implement the national "new infrastructure" strategy and promote the construction of new energy infrastructure, Guanghui Automobile and State Grid Electric Vehicle Service Co., Ltd. have established a joint venture company, State Grid Guanghui (Shanghai) Electric Vehicle Service Co., Ltd. State Grid Guanghui aims to actively expand the new energy vehicle charging and swapping services and other new energy vehicle after-sales service markets, and create an integrated service chain for new energy vehicle charging, transportation, and energy. Guanghui Automobile, with its strong and comprehensive distribution service system and four major advantages of channel, scale, customer, and service, is expected to launch a new business model of "dealer+charging station" in the future. The strong alliance between State Grid Electric Vehicle Company and Guanghui Automobile will open up the sales and usage service system of electric vehicles, better meeting the diversified and multi-level needs of electric vehicle users for car purchasing, charging, transportation, and vehicle network interaction. In 2021, Guanghui Automobile officially proposed a digital transformation strategy, planning to complete the comprehensive transformation from a traditional automotive service provider to a data operation technology company within five years, and become a "service provider providing comprehensive quality life for car owners".Relying on its vast business scale, extensive sales network, and continuously innovative business model, Guanghui Automobile has the strength to provide customers with one-stop comprehensive services covering the entire life cycle of automobiles, including whole vehicle sales, automobile leasing and financing leasing, second-hand cars, repair and maintenance, commission agency, etc. Through a comprehensive business portfolio, the company's business and operating performance have steadily grown, further strengthening its leading position in the Chinese passenger car distribution and service market, and continuously leading the industry's development. Through a comprehensive business portfolio, the company's business and operating performance have steadily grown, further strengthening its leading position in the Chinese passenger car distribution and service market, and continuously leading the industry's development. Since its establishment, Guanghui Automobile has never forgotten its mission, committed to creating value for customers, partners, and the industry, establishing management and service standards, and becoming an industry benchmark. At the same time, the company continuously fulfills its corporate social responsibility, continuously promotes its own work in government responsibility, environmental protection, social recognition, employee care, and other aspects, striving to continuously create a new situation of scientific development and harmonious win-win situation. Looking forward to the future, Guanghui Automobile will continue to consolidate its leading market position in China, seize business opportunities, serve with dedication, connect with dedication, and strive to become the world's best passenger car distribution and service group. |
| Headquarter | Dalian |
| Establish Date | 7/30/1999 |
| Listed Code | 600297.SH |
| Listed Date | 11/16/2000 |
| Chairman | Ma Qujiang. |
| CEO | Bao Xiangyi. |
| Website | www.chinagrandauto.com |
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