Guanghui Shares

Guanghui Shares

China Grand Automobile is China s leading passenger car distribution and service group, China s largest luxury passenger car distribution and service group, the largest passenger car financial leasing provider among car dealers and the largest car dealer among A second-hand car trading agency service entity group. The company has industry-leading business scale and outstanding innovation capabilities, and is a leading enterprise in China s passenger car distribution and service industry. In June 2015, China Grand Automobile successfully landed on the A-share market. Securities Code 600297.SH. In June 2016, it successfully acquired Baoxin (now renamed Guanghui Baoxin) Automobile Group Co., Ltd., a Hong Kong listed company, with stock code 01293.HK.

For the whole year of 2022, the company achieved operating income of approximately 133.54 billion yuan and new car sales of 589,000 units. As of December 31, 2022, the company has established a national automobile distribution network covering 28 provinces, autonomous regions and municipalities directly under the Central Government, operating a total of 779 business outlets, including 732 4S stores. Currently, the company is in the first sales camp of many luxury brands including BMW, Audi, Volvo, Jaguar Land Rover, Maserati, etc. The company has 257 ultra-luxury and luxury brand outlets.

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