Summary by Moomoo AI
Brilliance Chi (1114) issued a profit warning, expecting that the unaudited net profit after tax for the first half of 2024 will decrease by about 60% compared to the same period in 2023. The expected profit decline is mainly due to the performance decline of its major joint venture company, BMW Brilliance Automotive, and the pre-withheld tax for dividends paid by subsidiary companies during the period is approximately RMB 1.474 billion. The company emphasizes that these figures are based on preliminary assessments and may be adjusted after further internal review. The company will announce its interim results on August 22, 2024, in accordance with listing rules. The board of directors reminds shareholders and potential investors to trade prudently.
