- CEO
- Yue Xu
- Full Time Employees
- 13,243
- Sector
- Retail trade
- Industry
- Specialty stores
- Address
- 299 Ruijin Nan Road Shanghai SH China 200023
- IPO Date
- Jul 12, 2012
- Business
- China Yongda Automobiles Services Holdings Limited (3669.HK) is an investment holding company principally engaged in the sale of new and pre-owned passenger vehicles, provision of after-sales services, and automobile operating lease services in the People's Republic of China. The company operates through two main segments: passenger vehicle sales and services, which include sales of luxury and ultra-luxury brands such as BMW, MINI, Mercedes-Benz, Audi, Porsche, Jaguar Land Rover, Bentley, Aston Martin, Volvo, Cadillac, Lincoln and Lexus; mid-to-high-end brands including Buick, Volkswagen, Toyota, Honda and Chevrolet; independent new energy brands such as HIMA (Harmony Intelligent Mobility Alliance), BYD, AITO, ORA, IM Motors, Neta, XPeng and smart; after-sales repair and maintenance services; commission income from automobile finance, insurance products and brokerage; pre-owned vehicle sales and brokerage; and other related services like decoration products and license plate services; as well as automobile operating lease services encompassing rentals, financial leasing and small loan services. Yongda maintains a network of 209 outlets as of June 30, 2025, primarily 4S dealerships and city showrooms concentrated in East China including Shanghai, with luxury brands comprising 64.6% of outlets, independent new energy brands 16.7%, mid-to-high-end brands 12.5%, and pre-owned vehicle malls 6.2%; it targets retail customers, fleet operators and insurance providers across mainland China. Founded in 1992 and headquartered at 299 Ruijin South Road, Huangpu District, Shanghai, the company listed on the Hong Kong Stock Exchange in 2010. In recent developments, Yongda recorded RMB27.1 billion in revenue for the six months ended June 30, 2025, with stable repair and maintenance revenue of RMB4.7 billion and growth in new energy vehicle sales of 49% to 10,312 units; it expanded partnerships with insurance companies for "maintenance instead of replacement" services, increased repair and paint units by 4.8%, and innovated pre-owned vehicle models including bulk sourcing with manufacturers, new energy replacement channels and export strategies; in August 2024, it approved the acquisition of 14.8094% partnership interests in Binyan Partnership for RMB42.3 million to indirectly enhance its stake in Yongda Finance Leasing; and adjusted its outlet network by opening 7 new energy outlets, securing authorizations for 30 new energy brands with 14 under construction, and closing 19 underperforming stores to focus on high-potential brands.