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Brilliance China Automotive Holdings ( (HK:1114) ) just unveiled an announcement.
Brilliance China Automotive Holdings Limited has issued a profit warning, anticipating a 60% decrease in profit after income tax for the year ending December 31, 2024, compared to the previous year. This expected decline is attributed to the underperformance of its major associate, BMW Brilliance Automotive Ltd., and a substantial withholding tax on dividends paid by subsidiaries. The company advises shareholders and potential investors to exercise caution when dealing with its shares.
More about Brilliance China Automotive Holdings
Brilliance China Automotive Holdings Limited is a company incorporated in Bermuda, primarily engaged in the automotive industry. The company, along with its subsidiaries, focuses on the production and sale of vehicles and automotive components, with a significant association with BMW Brilliance Automotive Ltd.
YTD Price Performance: 48.57%
Average Trading Volume: 10,546
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $1.73B
See more data about 1114 stock on TipRanks’ Stock Analysis page.