【1114Profit Warning】China Huachen expects last year's profit to decrease year-over-year by no more than 40%

SocialAnxietyStaker · 2026-03-13T09:05:51+00:00

Huachen China issued a profit warning, expecting audited profit attributable to equity holders for 2023 to decrease by no more than 40%, approximately RMB 3.1 billion. This is mainly due to performance decline and losses at Huachen BMW and Jinbei Automobile, with pre-tax profit in 2024 also expected to decline by no more than 50%.

SocialAnxietyStaker

2026-03-13 09:05:51

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Brilliance China (01114)
Issues profit warning. Brilliance China announced that, based on audited figures, the profit attributable to shareholders for the previous year is expected to decrease by no more than 40% year-on-year. The audited profit attributable to shareholders for 2024 is approximately 3.1 billion RMB.

Brilliance China stated that, excluding income tax expenses, the profit will decrease by no more than 50% year-on-year, mainly due to the decline in performance of its main associate, Brilliance BMW Automotive Co., Ltd., and the operating losses incurred by its major subsidiary, Jinbei (Shenyang) Automotive Co., Ltd.

Although the group’s withholding tax is expected to decrease by at least 69% in 2025 compared to 2024, the group still expects that the audited profit after income tax expenses will decrease by no more than 40% year-on-year.

Source: Brilliance China Announcement

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