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MarketScreener Homepage  >  Equities  >  Hong Kong Stock Exchange  >  Brilliance China Automotive Holdings Limited    1114   BMG1368B1028

BRILLIANCE CHINA AUTOMOTIVE HOLDINGS LIMITED

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Brilliance China Automotive First-Half Profit Rose 25%

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08/21/2020 | 07:22am EDT

By Yifan Wang

Brilliance China Automotive Holdings said its net profit for the first half rose 25%, mainly on the back of a higher profit contribution from its joint venture with the German car maker Bayerische Motoren Werke AG.

The car dealer posted a net profit of 4.05 billion yuan (US$585.6 million) in the period.

The profit growth came even as revenue fell 24% from a year earlier to CNY1.45 billion, dragged by falling sales of minibuses and multipurpose vehicles.

However, profit from BMW Brilliance Automotive rose 23% to CNY4.38 billion, thanks to robust demand for luxury vehicles, the company said.

Earnings growth was further supported by lower tax expenses and higher interest income.

Looking ahead, Brilliance China said it is "cautiously confident" about the outlook for the rest of the year, given the quick sales rebound of its BMW joint venture after a dip in sales early in the coronavirus pandemic.

"With incoming orders gaining momentum and assuming the current positive trend continues, we see a chance for sales to continue to return to a normal level," it said.

 

Write to Yifan Wang at yifan.wang@wsj.com

 


Stocks mentioned in the article
ChangeLast1st jan.
BMW AG -0.03% 58.54 Delayed Quote.-20.25%
BRILLIANCE CHINA AUTOMOTIVE HOLDINGS LIMITED 3.58% 6.94 End-of-day quote.-14.11%
CHINA AUTOMOTIVE SYSTEMS, INC. 2.04% 3 Delayed Quote.-4.76%
UNITED STATES DOLLAR (B) / CHINESE YUAN IN HONG KONG (USD/CNH) -0.20% 6.6909 Delayed Quote.-3.67%
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Financials
Sales 2020 3 330 M 496 M 496 M
Net income 2020 7 961 M 1 186 M 1 186 M
Net Debt 2020 903 M 135 M 135 M
P/E ratio 2020 4,52x
Yield 2020 6,13%
Capitalization 35 014 M 4 518 M 5 215 M
EV / Sales 2020 10,8x
EV / Sales 2021 9,95x
Nbr of Employees 5 390
Free-Float 69,4%
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Technical analysis trends BRILLIANCE CHINA AUTOMOTIVE HOLDINGS LIMITED
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TrendsNeutralBearishNeutral
Income Statement Evolution
Consensus
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Buy
Mean consensus BUY
Number of Analysts 25
Average target price 9,00 CNY
Last Close Price 6,94 CNY
Spread / Highest target 80,5%
Spread / Average Target 29,7%
Spread / Lowest Target -12,1%
EPS Revisions
Managers
NameTitle
Bingzhe Yan Chief Executive Officer & Executive Director
Yu Min Qi President
Xiao An Wu Chairman
Zu Ming Qian Chief Financial Officer
Bing Jin Xu Independent Non-Executive Director
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1st jan.Capitalization (M$)
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