01114 BRILLIANCE CHI
- 6.450
- +0.050+0.78%
BRILLIANCE CHI News
China Offers Incentives to Boost Old Car Replacements, Analysts Expect up to 2 Million Additional Sales
China has issued policy details encouraging consumers to trade in old cars for new ones, starting to offer subsidies of up to RMB 10,000 ($1,380), effective by the end of the year.
Cui Dongshu: The release of implementation rules on car trade-in subsidies is a major benefit for the car market
On April 27, Cui Dongshu, Secretary General of the Passenger Transport Association, published an article stating that since the Spring Festival, consumers have been concerned about the trade-in policy and expect the policy to bring benefits to car purchases, so the implementation of the policy is a major benefit to the car market.
BRILLIANCE CHI (01114.HK): Brilliance Renault receives land acquisition notice
Gelonghui, April 26, 丨 BRILLIANCE CHI (01114.HK) Notice, on April 17, 2024, Brilliance Renault received the “Housing Expropriation Notice” (Dadong District Political Expropriation Notice [2024] No. 1), “Housing Expropriation Decision” (Dadong District Administrative Expropriation [2024] No. 1), and “Notice of the People's Government of Dadong District of Shenyang City on Issuing Housing Expropriation and Compensation and Resettlement Plan for the BMW West Plot in Dadong District” (collectively, the “Expropriation Documents”). The above expropriation was led by the Dadong government, and the land where Brilliance Renault's operating factory is located was settled
華晨中國：二零二三年年報
Changes in Hong Kong stocks | Brilliance China (01114) rose more than 5%, leading auto stocks saw significant month-on-month growth in NEV sales in March, and industry sentiment is improving
Auto stocks continued to rise in early trading. As of press release, Brilliance China (01114) rose 5.12% to HK$6.36; Zero Sports (09863) rose 4.78% to HK$24.1; NIO SW (09866) rose 4.78% to HK$34; Xiaopeng Motor-W (09868) rose 4.49% to HK$29.1; and BYD shares (01211) rose 3.93% to HK$211.8.
CPCA Expects China's NEV Retail Sales at 720,000 in Apr, Flat From Mar
Price wars intensified in China's auto market in April, with overall discounts slightly higher than in March, the CPCA said.
China's NEV Retail at 420,000 in Apr 1-21, Down 2% From Same Period Last Month
China's retail penetration of NEVs was 49.3 percent in April 1-21 and 38.56 percent year-to-date.
China EV Insurance Registrations for Week Ending Apr 21: Nio 2,990, Tesla 5,160, BYD 59,470
Li Auto's insurance registrations last week were 4,460, down 37.36 percent from the previous week, while Xpeng's were 2,460, up 55.7 percent from the previous week.
China's NEV Retail at 260,000 in Apr 1-14, up 2% From Same Period Last Month
China's retail penetration of NEVs was 50.39 percent in April 1-14, and 38 percent year-to-date.
[Broker Focus] J.P. Morgan takes the target price of 37.5% for Huachen China (01114) with an “increase” rating
Jinwu Financial News | According to J.P. Morgan Chase Research Report, Brilliance China (01114) announced another special dividend of HK$1.5 per share and said it will consider further dividends in 2024. Based on the closing price of April 15, the yield is 20%. The total dividend for 2024 is expected to be higher than Motong's original forecast of HK$2 per share. The bank expects Brilliance China to continue to pay dividends after selling 25% of BMW Brilliance's shares in 2018, and the company will also receive a cash dividend of RMB 11.2 billion from BMW Brilliance in the fourth quarter of 2023. Therefore, the cash ratio on Brilliance's balance sheet
Damo: Brilliance China announced a special interest rate of 1.5 yuan per share, which is slightly positive but generally reflected
Morgan Stanley released a research report saying that Brilliance China (01114) declared a special dividend of 1.5 yuan per share. The payout ratio is generally in line with expectations. Although it is slightly positive for the market, it is generally reflected.
Auto stocks are under pressure across the board, Nio (09866) falls 10.38%, Tesla plans to lay off 10% of global employees, and the car market price war is still intense in April
Auto stocks were under pressure across the board. NIO (09866) fell 10.38%, BAIC (01958) fell 4.82%, Ideal Auto (02015) fell 4.82%, Zero Sports (09863) fell 4.68%, Xiaopeng (02333) fell 4%, Evergrande (00708) fell 3.93%, and Brilliance China (01114) fell 3.67%.
Citi: Increase the target price of the “buy” rating to HK$10.02 for Brilliance China (01114)
The Zhitong Finance App learned that Citi released a research report saying that Brilliance China (01114) declared a special dividend of 1.5 yuan per share. Considering that the company may pay 2 to 3 dividends this year according to previous guidelines, and management promised that the total level of dividend payments for the 2024 fiscal year was higher than the previous fiscal year, it is believed that the special interest issued by the company was higher than market expectations. The bank expects Brilliance to pay a further special dividend of $2 for the rest of the year and raise the group's target price from HK$9.52 to HK$10.02, with a “buy” rating.
Changes in Hong Kong stocks | Brilliance China (01114) is now down more than 6%, declaring a special interest rate of HK$1.5 per share, and most of the proceeds from the sale of BMW Brilliance's shares has already been distributed
Brilliance China (01114) fell more than 6% in early trading. As of press release, it was down 3.67% to HK$7.08, with a turnover of HK$109 million.
Changes in Hong Kong stocks | Auto stocks are collectively falling, and the price war escalates, increasing wait-and-see sentiment, Tesla will lay off 10% of its employees globally
Auto stocks declined collectively. As of press release, Brilliance China (01114) fell 6.12% to HK$6.9. Xiaopeng Automobile-W (09868) fell 3.75% to HK$28.2; Ideal Automobile-W (02015) fell 3.36% to HK$112.3.
BRILLIANCE CHI To Go Ex-Dividend On April 26th, 2024 With 1.5 HKD Special Dividend Per Share
April 16th - $BRILLIANCE CHI(01114.HK)$ is trading ex-dividend on April 26th, 2024. Shareholders of record on April 29th, 2024 will receive 1.5 HKD special dividend per share on May 17th, 2024. Th
BRILLIANCE CHI (01114) plans to pay a special dividend of HK$1.5 per share
BRILLIANCE CHI (01114) issued an announcement, and the board of directors resolved to declare a special dividend per share...
華晨中國：宣派特別股息 及 暫停辦理股份過戶登記手續
China Automobile Association: Commercial vehicle production and sales completed 437,000 units and 458,000 units respectively in March, up 88.1% and 82.8%, respectively.
From January to March 2024, commercial vehicle production and sales completed 997,000 units and 1.033 million units, respectively, up 5.1% and 10.1% year-on-year, respectively.
China's EV Charging Infrastructure Sees Robust Growth in Q1
China's electric vehicle charging infrastructure experienced steady growth in the first quarter of 2024, according to industry data.
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