Brilliance China Automotive Holdings Ltd
01114: XHKG (HKG)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
HKD 4.70 | Yfbh | Nhwj |
Brilliance Earnings: Strong BMW Contribution; Management Indicates Favorable Dividend Outlook
No-moat Brilliance announced 2023 annual results with better-than-expected profitability at BMW Brilliance Automotive, or BBA, the 25%-owned associate with BMW. For the second half of 2023, Brilliance reported a net profit of CNY 4.0 billion, flattish compared with a year ago, with 10% growth in BBA's earnings contribution offset by income tax expense.