Power Diversity Automobile Trade Co Ltd is principally engaged in the distribution, repairing and maintenance of automobiles. The Company distributes cars under 49 brands, including Benz, Audi, Subaru, Volkwagen, Honda, Toyota and Hyundai; trucks under 15 brands, including Auman and Jiefang; mini coaches under 10 brands, including Wuling, Hafei and Jiabao, as well as agricultural vehicles under six brands and engineering machinery vehicles under six brands. As of June 30, 2010, the Company had 501 automobile exclusive agencies, 176 automobile markets, as well as eight specialty automobile markets, located in China and Mongolia.
Pangda Automobile Trade Co., Ltd. is a large automobile marketing enterprise focusing on the trade of automobiles. It originally attached to Tang Shan Jidong Material Group Co., Ltd. with its predecessor “Tang Shan Jidong Mechanical and Electrical Equipment Co., Ltd.” can be traced back to the Luan Country Materials Bureau Electrical Equipment Company established in 1988, with 1,048.6 billion of registered capital, and the legal representative is Qinghua Pang.
Over the years, under the leadership of the Chairman and General Manager Pang Qinghua, the company targets the pursuit of excellence and .reciprocating the society as eternal goal. It creates a distinguish automobile dealers and service brand, and has cultivated the spirit of enterprise of “honesty, diligent, rigorous and trustworthy, struggle and effective” and the business philosophy of “people oriented, customer first, set up business with sincerity and develop the enterprise with honesty”. Through in-depth implementation of the four major development strategies of “scientific development, innovative development, spanning development, and international development”, seizes the opportunities, manages innovatively, and strengthens the management that obtained great development.
At the end of 2010, the company has established 926 sales outlets in 23 provinces, cities and autonomous regions of China and Mongolia. Its subsidiaries and affiliates as well as branches of subsidiaries is over 1197 including 699 automobile special shop (397 4S shops: including 340 passenger cars, 57 commercial vehicles, 302 non-4S special shops), 216 automobile markets of all kinds, and 11 professional markets. With 83 kinds of automobile and engineering plant brands for sale that covers overwhelming majority of brands and forms the automobile marketing network with rational layout, complete branding and quality service.
The company marketing maintains rapid growth momentum, which has sold 360,000 vehicles in various types to achieve 35.5 billion of income, 1.01 billion profits, and paid 1.01 billion taxes to the state. 470,000 vehicles of all kinds has been sold in 2010 and realized 53.774 billion sales income, 1.243 billion profits and paid 1.087 billion taxes to the state, with its sales of 20 brands ranked first in the industry.
Since 2005, its original parent company and the company have ranked among the top 500 Chinese enterprises in for six years, in the year of 2010, the company ranked No. 181 among the top 500 Chinese enterprises, and was No. 63 of the Top 500 Chinese Service Industry. The company always maintains the first position in “Top Ten Chinese Automobile Sales and Service Enterprise Group” ever since the trade appraisal. The company listed in Shanghai Stock Exchange and become the first domestic A-shares automobile group through IPO, with the largest market capitalization and IPO financing amount among the global listed automobile trade industry company, and has the largest IPO financing amount among the Chinese private enterprises.
In the year of 1999, the company, cooperating with Tang Shan Branch of the Bank of China, had created a unique automobile consumption credit of “Jidong mode”. It has successfully implemented GPS satellite positioning system for the automotive consumer credit risk, and established comprehensive “six risk prevention system” that effectively solved the consumer credit risk problem. This not only brought significant mutual economic benefits for bank and the enterprise but also stimulated the domestic demands and consumption that made positive contribution to the development of national economy and become the core competitiveness of the company.
The company always remembers to fulfill the social responsibilities along with its continuous development and ranks the first local big taxpayer for many years and has accumulatively received over 30 thousand employees as well as actively supports the public service all over the country, which is widely praised by the community. The company has been awarded many titles of honor, such as the “National Quality • Service integrity demonstration enterprise”, "Best car dealers", "National Top Ten Commercial Vehicle Dealers", "Super Automotive Marketing Group", “Top Ten influential Distribution Group in the Chinese automobile Dealers Industry during 30 years of reform and opening up”. Meanwhile it is rated the “AAA grade Credit Enterprise” and “the Most Trustworthy Loan Company” for many years.