A-share to greet the automobile trade carrier giant group this IPO

Securities Times reporter Xu Shengong today, the huge group (601258) published the initial public offering of shares, the company intends to issue no more than 140 million shares.　　The collection of funds will be used to create new, alteration business network projects, including a total of 14 branches of the project, projects to invest 1.737 billion yuan, which to raise funds to invest 1.451 billion yuan; In addition, the company will raise funds to supplement the operating capital of 400 million yuan. It is reported that the vast group is the first to be listed through the IPO car dealership.　　At this time, the company's "theme" by investors, the company has a hot concept of "consumption", also contains a popular "service" concept. Large group is not only the first through the IPO to land A shares of the auto trade group, but also China's earliest start, the largest, most widely distributed network, covering the most complete brand, the highest gross margin of the automotive distribution industry aircraft carrier.　　As of December 31, 2010, the company's 1197 branches, subsidiaries and subsidiaries in 23 provinces and municipalities in China, autonomous regions and Mongolia has 926 distribution outlets, the first Chinese car dealers. Large group based on automotive distribution and after-sales service industry, adhere to the "multi-region, many varieties, multi-brand" full coverage of the business strategy, distribution models include domestic cars, imported cars, trucks, mini vans, agricultural vehicles, construction machinery vehicles and other six categories, as at the end of 2010, a large group of 83 car brands to obtain the authorization, Brand coverage in the country's first, the above brand 20 brands 2010 years of sales in the country's top sales.　　2008-2010, the huge group of car sales annual composite growth rate of 45%, business income compound growth rate of 50%, showing the trend of rapid growth, 2010, a large group of 470,000 car sales, operating income of 53.774 billion yuan. At the same time, a large group of continuous upgrading of management capacity, its profitability continues to increase.　　In recent years, the company's comprehensive gross profit margin not only with the scale of the expansion and decline, but the growth of the year, scale benefits highlighted, the company 2010 net profit as high as 1.243 billion yuan. With the booming of China's automobile consumption market and the increase of users ' demand, the development space of the auto trade industry is still being released, and the huge group will soon usher in a bigger expansion opportunity.　　The prospectus shows that the large group of the IPO fund-raising investment project will focus on expanding business outlets and improve the operating capital of two aspects, in order to further enhance the sales scale, expand market share, strengthen the market leading position and enhance the company profitability. According to the distribution schedule, the large group will determine the distribution price range on April 15, investors can make online purchase on April 18.