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  • Business Overview
  • Competitive Advantages
  • Provision of Installation/Repair Services
  • Trading of Automobile Glass
  • In addition to the sales of automobile glass with installation/repair services in the PRC, the Group was also engaged in the trading of automobile glass to its peers and traders of automobile glass in the PRC during the Track Record Period as the Group enjoys economies of scale by making bulk purchases of automobile glass. This business segment only involves pure trading whereby the Group purchases automobile glass from its glass suppliers and then re-sells to industry peers and traders of automobile glass in the PRC. For each of the years ended 31 December 2011 and 2012, the revenue generated from the trading of automobile glass amounted to approximately RMB19.3 million and RMB21.0 million, accounting for approximately 14.8% and 15.4% of Beijing Zhengmei Service Group’s total revenue, respectively.

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