SINOMACH Released Its First Annual Report After Its Restructuring and Listing

On March 23rd, SINOMACH Automobile Co., Ltd. (SINOMACH Auto) released its first annual report after its restructuring and listing. According to the annual report, SINOMACH Auto realized operating revenue of RMB 50.821 billion and a gross profit of RMB 738 million in 2011, including net profit attributable to shareholders of listed companies of RMB 493 million. The earning per share was close to RMB 0.95 and return on equity was 24.22%. The company’s leading position in its core business—imported automobile wholesale and trade services—was further reinforced with a 13.1% share of the wholesale imported automobile market. In the same annual report, SINOMACH Auto also summarized six core competencies for sustained and stable growth of the company: First, the company had established long-term and mutually confident partnerships with multiple multi-national corporations and was the only imported integrated automobile trade service provider with multiple brands in the industry; Second, the company enjoyed good corporate innovation mechanisms and promoted expansion and deepening of business scopes and preliminarily formed a relatively comprehensive complete automobile industry chain service system; Third, the company had the most competitive integrated trade service core competency system with its menu-style standardized, effective, and low-cost complete process services; Fourth, the company focused on the development of middle- and high-end brand channels and enhanced profitability of individual stores through delicate management and preliminarily forged its competitive advantage of “differentiation” in the automobile retail business; Fifth, the company had a healthy corporate image and industry influences and strong financial strengths; Sixth, the company leveraged its harmonious cultural environment and excellent corporate culture as a “soft power” to drive corporate development. SINOMACH Auto is a large integrated automobile service provide affiliated with SINOMACH. In September 2011, SINOMACH, following its development strategies, injected all assets of China Automobile Trading Co., Ltd. (CTCAI) into Dingsheng Tiangong (Stock code: 600335) through an asset swap. Since then, SINOMACH Auto became the first enterprise of the SINOMACH Group to enter the capital market with the “SINOMACH" brand. SINOMACH Auto adheres to its mission to “Make Auto Life Better” and dedication to becoming a trustworthy integrated automobile service provider and outstanding listed company. Currently, the main business scope of SINOMACH Auto covers automobile wholesale and trade services, automobile retail services, and other businesses such as automobile aftermarket services and is the only industry-leading integrated automobile trade service provider with multiple brands. Source: sinomach.com.cn