SEHK:881Specialty Retail
Zhongsheng Group Holdings (SEHK:881) Valuation After Guidance Shift From 2024 Profit To Expected 2025 Loss
Earnings guidance points to sharp swing into loss
Zhongsheng Group Holdings (SEHK:881) issued new earnings guidance indicating a loss of no more than CN¥2.0b for 2025, compared with a CN¥3.2b profit in 2024, highlighting a material shift in profitability.
The company links this swing to ongoing gross losses in its automobile business amid weak domestic consumer demand, supply and demand imbalances in passenger vehicles, tougher competition, reduced automobile financing commissions, and up to...