股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 FF301 第 1 頁 共 10 頁 v 1.2.0 截至月份: 2026年1月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: Brilliance China Automotive Holdings Limited (於百慕達註冊成立之有限公司) 呈交日期: 2026年2月3日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01114 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 8,000,000,000 | USD | 0.01 USD | | | 80,000,000 | | 增加 / 減少 (-) | | | | | | USD | | | | 本月底結存 | | | 8 ...

| 代码 | 名称 | 涨跌幅 ^ | 最新价 | 总市值 | 年初至今涨跌 | | --- | --- | --- | --- | --- | --- | | 09868 | 小鹏汽车-W | -8.58% | 65.500 | 1250.89 Z | -17.45% | | 09866 | 蔚来-SW | -6.53% | 36.100 | 889.57亿 | -11.87% | | 09863 | 零跑汽车 | -4.95% | 40.320 | 573.27亿 | -17.07% | | 01211 | 比亚迪股份 | -4.60% | 93.250 | 8501.79 Z | -2.20% | | 02015 | 理想汽车-W | -3.03% | 63.950 | 1290.92亿 | -1.39% | | 02333 | 长城汽车 | -3.09% | 12.840 | 1098.83亿 | -16.08% | | 02238 | 广汽集团 | -2.72% | 3.570 | 364.04亿 | -12.71% | | 00175 | 吉利汽车 | -2.11% | 15.750 | 1716 ...

香港联交所最新资料显示，1月14日，First Beijing Investment Limited减持华晨中国(01114)570.6万股，每 股作价4.3219港元，总金额约为2466.08万港元。减持后最新持股数目约为2.47亿股，最新持股比例为 4.90%。 ...

智通财经APP获悉，香港联交所最新资料显示，1月14日，First Beijing Investment Limited减持华晨中国 (01114)570.6万股，每股作价4.3219港元，总金额约为2466.08万港元。减持后最新持股数目约为2.47亿 股，最新持股比例为4.90%。 ...

Core Insights - The article highlights the net inflow and outflow of funds in the Hong Kong stock market, with Xiaomi Group, Tencent Holdings, and China Construction Bank leading in net inflows, while the Yingfu Fund, Hang Seng China Enterprises, and Southern Hang Seng Technology experienced the highest net outflows [1] Group 1: Net Inflows - Xiaomi Group-W (01810) recorded a net inflow of 1.07 billion, representing a 16.36% increase in its closing price [2] - Tencent Holdings (00700) saw a net inflow of 863 million, with a 7.49% increase in its closing price [2] - China Construction Bank (00939) had a net inflow of 699 million, with a significant 41.06% increase in its closing price [2] Group 2: Net Outflows - Yingfu Fund (02800) experienced the largest net outflow of 6.289 billion, reflecting a -31.44% change in its closing price [2] - Hang Seng China Enterprises (02828) had a net outflow of 2.880 billion, with a -17.89% change in its closing price [2] - Southern Hang Seng Technology (03033) faced a net outflow of 1.289 billion, showing a -11.37% change in its closing price [2] Group 3: Net Inflow Ratios - 361 Degrees (01361) led with a net inflow ratio of 74.40%, with a net inflow of 8.9117 million [3] - BRILLIANCE CHI (01114) followed with a net inflow ratio of 64.04%, amounting to a net inflow of 36.4910 million [3] - Qin Port Co. (03369) had a net inflow ratio of 61.05%, with a net inflow of 846,600 [3] Group 4: Net Outflow Ratios - Wisdom Hong Kong 100 (02825) had a net outflow ratio of -100.00%, with a net outflow of -18,200 [3] - Stone Pharmaceutical Group (02005) recorded a net outflow ratio of -68.86%, with a net outflow of -14.1501 million [3] - Dexion Shipping (02510) experienced a net outflow ratio of -53.53%, with a net outflow of -10.0204 million [3]

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年12月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: Brilliance China Automotive Holdings Limited (於百慕達註冊成立之有限公司) 呈交日期: 2026年1月5日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01114 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 8,000,000,000 | USD | | 0.01 USD | | 80,000,000 | | 增加 / 減少 (-) | | | | | | USD | | | | 本月底結存 | | | 8,000,000,000 | USD | | 0.0 ...

Group 1 - Morgan Stanley has downgraded the profit forecasts for Brilliance China (01114) for 2025 and 2026 by 11% and 4% respectively, and reduced the target price from HKD 4.7 to HKD 4.1, advising investors to lock in profits and changing the rating from "Overweight" to "Neutral" [1] - The estimated cash balance on Brilliance China's balance sheet by the end of this year is approximately HKD 1 to 1.5 per share, along with an expected earnings forecast of RMB 0.64 per share and a dividend payout ratio of 50%, suggesting that the dividend for the first half of 2026 could range from HKD 0.35 to 0.9 (including special dividends), indicating a dividend yield of about 8% to 21% [1] - Despite the attractive dividend level, it is believed that the subsequent dividend amounts may decline rapidly due to the company's cash levels being less abundant than before, and the profitability of the Brilliance BMW joint venture in the Chinese market may continue to face challenges [1]

每经AI快讯，华晨中国(01114.HK)回落逾3%，截至发稿跌3.35%，报4.04港元，成交额4195.03万港元。 ...

Core Viewpoint - Morgan Stanley's research report predicts that Brilliance China Automotive's dividend for the first half of 2026 will range from HKD 0.35 to HKD 0.9, implying a dividend yield of approximately 8% to 21% [1] Group 1 - The attractive dividend level may not be sustainable, as the company's cash levels are no longer as abundant as before [1] - The profitability of the Brilliance BMW joint venture in the Chinese market is expected to continue facing challenges [1] - Earnings forecasts for Brilliance China Automotive have been revised downwards by 11% and 4% for 2025 and 2026, respectively [1] Group 2 - The target price for Brilliance China Automotive has been reduced from HKD 4.7 to HKD 4.1 [1] - The investment recommendation has been downgraded from "Overweight" to "Neutral" [1]

Core Viewpoint - Huachen China (01114) has experienced a decline of over 3%, currently trading at 4.04 HKD with a transaction volume of 41.95 million HKD. Morgan Stanley's latest report estimates the company's cash balance at approximately 1 to 1.5 HKD per share by the end of this year, alongside an earnings forecast of 0.64 RMB per share and a dividend payout ratio of 50%, suggesting a potential dividend range of 0.35 to 0.9 HKD in the first half of 2026, translating to a dividend yield of about 8% to 21% [1] Financial Performance - Morgan Stanley has downgraded Huachen China's earnings forecasts for 2025 and 2026 by 11% and 4% respectively, reflecting concerns over the company's cash levels and profitability challenges faced by its joint venture with BMW in the Chinese market [1] Investment Rating - The target price for Huachen China has been reduced from 4.7 HKD to 4.1 HKD, and the investment rating has been downgraded from "Overweight" to "Neutral" due to the anticipated decline in dividend amounts and ongoing profitability challenges [1]