BRILLIANCE CHI (01114) Issues Profit Warning, Anticipates Up to 40% Drop in Annual Profit Attributable to Shareholders for 2025

Stock News03-13

BRILLIANCE CHI (01114) has announced that the group expects its audited profit before income tax expense for the fiscal year ending December 31, 2025, to decrease by no more than 50% compared to 2024. The anticipated decline in audited profit before income tax for the reporting year is primarily due to a downturn in performance from the group's principal associate, BMW Brilliance Automotive Ltd., and operating losses incurred by its main operating subsidiary, Jinbei (Shenyang) Automotive Co., Ltd., which is scheduled to resume production only in the second half of 2025.

Although the group's withholding tax in 2025 is expected to decrease by no less than 69% compared to 2024, owing to reduced dividend receipts from one of its subsidiaries during the relevant period, the group still projects that its audited profit after income tax for the year ending December 31, 2025, will decline by no more than 40% relative to the 2024 figure. Consequently, the group anticipates that the audited profit attributable to equity shareholders of the company for the fiscal year ending December 31, 2025, will decrease by no more than 40% compared to 2024. The audited profit attributable to equity shareholders for the year ended December 31, 2024, was approximately RMB 3.101 billion.

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