China auto rental three quarter net profit of $1 billion 388 million, an increase of 39% www.40sqw.com

China auto rental before the three quarter net profit 1 billion 388 million yuan, an increase of 39% to view the latest quotes Sina Francisco November 15th afternoon news, China auto rental (00699.HK) before the release of the three quarter earnings, reported the first three quarters of the total revenue of approximately 4 billion 861 million yuan (units), an increase of 33%, which achieved the rental income of about 3 billion 837 million yuan, an increase of 19%, net profit of 1 billion 388 million yuan, an increase of 39%. Notice that the first three quarters, the rental business revenue growth thanks to the strong growth of short rental car driving business and strong cooperation with the Chinese excellent car Limited by Share Ltd. Profitability and profit margins continue to benefit from operating efficiency and leverage. The announcement also disclosed that during the period, short rental income grew 17% to $2 billion 710 million, benefiting from the company’s average daily growth of 18% of the team and the average daily income of bicycles remained at $172. At the same time in the third quarter of 2016, rental income increased by 32%, a single quarter since the listing of a new high growth. It is understood that the size of the short hire fleet has increased to 64832, while the end of 2015 was 56759, an increase of 14.22%. In September 30, 2016, the company’s fleet reached a total of 96734 vehicles, while the end of 2015 was 91179. During the third quarter of 2016, with China excellent car second-hand car sale supervision formalities completed, the number of vehicles for sale of the company retired reduced to 7184 cars (including second-hand car B2C pilot project inventory requirements). In addition, China auto rental to promote marketing innovation and channel cooperation, and further develop the marketing capabilities of its mobile terminal, and in the development of WeChat positioning push function. In September 30, 2016, the company has expanded its physical network to cover the 97 major cities in China’s provinces, the number of direct service outlets, including 298 stores and 485 points to take back the car. During the reporting period, China auto rental in cooperation with the Chinese excellent car to maintain stability, and through the fleet to share a strong synergy. In September 30, 2016, China leased to excellent car fleet remained at about 30 thousand vehicles, including 18257 cars in terms of long-term lease rent. Under the cooperation of the various models of rental prices and terms since the cooperation has not changed. During the reporting period, China excellent car to further enhance its business operations while narrowing its operating losses. Notice disclosure, China auto rental continue to focus on the residual value of the vehicle risk management, and strive to improve the ability to dispose of second-hand car through B2C channels and achieve a higher value. During the period, the company disposed of 16156 second-hand cars, the cost to sales ratio of 101.9%. 3121 cars sold through the company’s second-hand car B2C pilot stores, while the sale of the car is sold to the Chinese excellent car platform 7802. The company’s second-hand car B2C pilot project is still in a state of net loss, resulting in operating costs of 70 million 900 thousand yuan during the reporting period and depreciation costs about $25 million 700 thousand. In August 23, 2016, the company’s wholly owned Affiliated Companies entered into an agreement with相关的主题文章: