PDF《中国正通2018年中期业绩报告》

中国正通2018年中期业绩报告 2018年8月Disclaimer These materials have been prepared by China ZhengTong Auto Services Holdings Limited ( ZhengTong Auto or The Company , together with its subsidiaries, the Group ) and exclusively have not been independently audited or verified.

No representation or warranty, expressed or implied, is made and no reliance should be placed on the accuracy, fairness or completeness of the information, statements, opinions or estimates presented or contained in these materials. The Company or any of its affiliates, advisers or representatives accepts no liability whatsoever for any loss howsoever arising from any information, statements, opinions or estimates presented or contained in these materials. The information, statements , opinions or estimates presented or contained in these materials is subject to change without notice and its accuracy is not guaranteed. These materials are highly confidential, are being given solely for your information and for your use and may not be copied, reproduced or redistributed to any other person in any manner. Neither these materials nor any copy hereof maybe, directly or indirectly, taken or distributed into the United States or to any U . S . person as defined in Regulation S under the U . S . Securities Act of 1933, as amended . You agree to keep the contents of this presentation and these materials confidential and such presentation and materials form a part of the Confidential Information as defined in the confidentiality agreement you might have previously executed. 议程 业绩摘要 业务发展 财务回顾

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3 业绩摘要 正通汽车(SEHK:1728) 1H2018年亮点 完善的销售渠道与服务平台最大限度把握市场增长空间 ? 2018年上半年录得总收入人民币 18,768 百万元,同比增长20.1% ? 新车销量为 55,163 台;

其中豪华及超豪华品牌新车销量 42,463 台,同比增长 24.8% ? 新车毛利达992百万元,同比增长56.5%,售后毛利达1,057百万元,同比增长21.9% ? 汽车金融业务实现分部利润276百万元,同比增长49.9% ? 经营利润达 1,526 百万元,同比增长38.9% ? 归属普通股东之净利润为711百万元,同比增长37.8% 更加高效与稳健的豪华品牌发展策略 ? 优先发展奔驰、保时捷、宝马、奥迪、捷豹路虎、沃尔沃6大领先豪华品牌策略 ? 自主规划与有选择的兼并收购相结合快速优化布局 ? 2017年已签订战略经营合作及探索创新模式项目进展顺利 ? 正源科技平台投入加大,平台出具规模,为后续汽车金融与科技结合打下坚实基础 5-15 业务发展

0 100,000 200,000 300,000 400,000 500,000 600,000 1H2017 1H2018 豪华及超豪华品牌 中端品牌 47.7% 46.8% 0.0% 10.0% 20.0% 30.0% 40.0% 50.0% 60.0% 1H2017 1H2018 新车销售收入

0 5,000 10,000 15,000 1H2017 1H2018 豪华及超豪华品牌 中端品牌 (人民币百万) 4.8% 6.3% 0.0% 2.0% 4.0% 6.0% 8.0% 1H2017 1H2018 新车毛利率 13,215 15,805 29% 26% 71% 74% 10% 11% 89% 90% (台) 入场台次 526,823 618,357 25% 22% 75% 78% 售后服务毛利率

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2000 1H2017 1H2018 豪华及超豪华品牌 中端品牌 1,817 2,258 9% 8% 91% 92% (人民币百万) 150bps 9bps 24.3% 19.6%

0 10,000 20,000 30,000 40,000 50,000 60,000 1H2017 1H2018 豪华及超豪华品牌 中端品牌 (台) 46,050 55,163 19.8% 17.4% 售后服务收入 新车销售及售后服务业务 新车销量 26% 23% 74% 77% 7-15 分部总资产 分部利润* 不良贷款率 总资产收益率 净资产收益率 4,756 8,361

0 2,000 4,000 6,000 8,000 10,000 1H2017 1H2018 76% (人民币百万)