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Brilliance China Automotive Reports Significant Profit Decline in 2024

Story Highlights
  • Brilliance China Automotive operates in the automotive industry, focusing on the Chinese market.
  • The company reported a significant profit decline in 2024 due to increased costs and reduced income.
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Brilliance China Automotive Reports Significant Profit Decline in 2024

Brilliance China Automotive Holdings ( (HK:1114) ) just unveiled an announcement.

Brilliance China Automotive Holdings Limited reported its consolidated financial results for the year ended December 31, 2024, showing a significant decline in profit compared to the previous year. The company’s revenue decreased slightly from RMB 1,121,454,000 in 2023 to RMB 1,095,949,000 in 2024, while profit attributable to equity holders dropped from RMB 7,734,993,000 to RMB 3,101,075,000. This decline is attributed to increased costs and reduced income from associates, impacting the company’s earnings per share, which fell from RMB 1.53312 to RMB 0.61465.

More about Brilliance China Automotive Holdings

Brilliance China Automotive Holdings Limited is a company incorporated in Bermuda, operating in the automotive industry. It is primarily involved in the manufacturing and sale of automobiles and related components, focusing on the Chinese market.

YTD Price Performance: 1.14%

Average Trading Volume: 9,591

Technical Sentiment Consensus Rating: Strong Sell

Current Market Cap: $1.76B

See more data about 1114 stock on TipRanks’ Stock Analysis page.

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