1H21: Profit Up 62% yoy; Raise Target Price To HK$100.00 On Higher Margin Zhongsheng's net profit grew 62% yoy and 17% hoh to Rmb3,769m in 1H21, in line with the company's guidance of a not less than 60% yoy growth. All business lines are growing strongly, and new-car sales gross margin improved. Management remains optimistic […]

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