Zhengdong Finance was established by Zheng Tong Auto and Dongfeng on 20 15. As of February 28th, Zheng Tong Automobile holds 95% of the company's issued share capital. Zheng Tong Auto is the leading 4S dealer group in China. As of the first half of 20 18, the revenue of Zheng Tong automobile reached 1908 1 100 million yuan, up by 20.07% year-on-year.
According to the data, as of 20 18, 12, 3 1, * * * there are 25 auto financing companies licensed and supervised by CBRC. Among them, Shanghai Zhengdong Auto Finance Co., Ltd. (hereinafter referred to as Zhengdong Finance) focuses on providing auto finance products and services for the purchase of luxury brand cars, and its controlling shareholder, Zheng Tong Auto, has been engaged in dealer business for nearly 20 years.
Judging from the disclosure of the listing plan, Zhengdong Finance has become the focus of attention in the industry and is considered to be the first stock of auto finance. However, less than a week after the Hong Kong Stock Exchange disclosed the listing prospectus, Zhengdong Finance's listing plan was adjusted. The Beijing News reporter found that Zhengdong Finance disclosed the global offering announcement for the first time on March 14, and announced on March 20 that it would lower the issue price and delay the listing.
The core competitiveness of the company lies in the establishment of a large-scale dealer network based on the dealers of the parent company through the expansion in recent years, and the business has grown rapidly. China's auto financial service market has great potential, and the company's expansion strategy is helpful to seize the development opportunities of the industry and occupy a favorable position.