Supported by its luxury-focused brand portfolio, China MeiDong Auto Holdings Limited (“MeiDong Auto”, 1268.HK) is a fast-expanding auto distributor, aiming to provide consumers with premium sales and after-sales services. It mainly focuses on mid brands and mainstream luxury brands, including Porsche, BMW, Lexus, Audi, BMW Mini, Toyota and Hyundai. Embracing its strategy of “Single-city-single-store”, it operates 63 stores in Beijing, Guangdong, Hunan, Hubei, Fujian, Jiangxi, Anhui, Hebei, Gansu and Shandong provinces in China (as of 31 December 2020).
Simple, Direct, and Data Driven have been the building blocks of our corporate culture. Through our persistent pursuit of fast inventory turnover, we aim to offer superior asset efficiency, all at the same time, maintaining a healthy financial position through our net cash position and strong operating cash flow. The solid financial position in place would be then able to support our business development and shareholders dividend.
Since listed in 2013, MeDong Auto was able to deliver a revenue and net profit CAGR of 28.6% and 32.0%. In which, 50.8% of its profit was redistributed as dividend, in an effort to share our business success with our shareholders.