China's Brilliance Automotive H1 revenue rises on higher JSA vehicle volumes

Brilliance China Automotive Holdings

21/08/2026 11:08

Overview
China auto maker's half-year revenue rose yr/yr, net income declined
Company reported lower gross profit and reduced share of results from associates
Unaudited interim results released for six months ended 30th June, 2026

Outlook
Ningbo Yuming targets at least 20 newly awarded projects for the full calendar year
Yuxin plans mass shipments of smart display and intelligent cockpit products from Shenyang in H2 2026

Result Drivers
GROSS PROFIT DECLINE - Co's gross profit fell to RMB 67.7 mln from RMB 93.5 mln a yr earlier
JSA VEHICLE VOLUMES – Revenue rose 20.3%, driven by JSA minibus and multipurpose-vehicle sales rising to 2,815 units from 277
ASSOCIATE CONTRIBUTION DROP - Share of results of associates fell to RMB 974.4 mln from RMB 2,048.6 mln
LOWER SELLING EXPENSES - Selling expenses decreased to RMB 15.8 mln from RMB 33.4 mln

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
RMB 675.8 mln
 
H1 Net Income Attributable
 
RMB 778.5 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the auto & truck manufacturers peer group is "buy"
Wall Street's median 12-month price target for Brilliance China Automotive Holdings Limited is HK$3.20, about 33.1% above its August 21 closing price of HK$2.41
The stock recently traded at 6 times the next 12-month earnings vs. a P/E of 6 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)