BAIC Motor ( (HK:1958) ) has issued an announcement.
BAIC Motor Corporation Limited announced the financial results of its joint venture, Beijing Benz, as part of the Mercedes-Benz Group’s 2024 financial statements. The report highlights a decrease in revenue and profit for Beijing Benz compared to the previous year, indicating potential challenges in the market. Despite these declines, the company’s financial position remains stable, with consistent equity interest and a strong asset base. This announcement provides stakeholders with insights into the financial health and operational performance of Beijing Benz, reflecting on BAIC Motor’s strategic positioning and market dynamics.
More about BAIC Motor
BAIC Motor Corporation Limited is a joint stock company incorporated in the People’s Republic of China, primarily involved in the automotive industry. The company operates with a focus on manufacturing and selling vehicles, with a significant partnership in Beijing Benz Automotive Co., Ltd., a joint venture with Mercedes-Benz Group AG.
YTD Price Performance: 7.59%
Average Trading Volume: 5,896
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $2.52B
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