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7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: 2025年8月4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 | | 0.01 ...

Group 1 - Hong Kong automotive stocks experienced a short-term rise, with NIO Inc. (09866.HK) increasing by over 10% [1] - XPeng Inc. (09868.HK) saw a rise of more than 3% [1] - Brilliance China Automotive Holdings Limited (01114.HK) rose by over 2% [1]

Core Viewpoint - BMW has established its global information technology research and development center in Nanjing, marking it as the first and only IT R&D center in China and the largest in Asia [1] Group 1: Company Development - The signing ceremony between Nanjing Jianye District People's Government and Brilliance BMW Automotive Ltd. signifies the official establishment of BMW (Nanjing) Information Technology Co., Ltd. [1] - This center is one of six global IT R&D centers of the BMW Group [1] Group 2: Investment and Economic Impact - Nanjing has attracted 304 German-funded projects, with actual foreign investment reaching 2.17 billion USD [1] - The annual revenue of German enterprises in Nanjing has exceeded 45 billion CNY, with total profits amounting to 3.46 billion CNY [1]

Group 1: TCL and Brilliance China Automotive Project - The smart cockpit production base project between TCL Industries and Brilliance China has surpassed the halfway mark in construction [2] - This project represents TCL Group's first industrial landing in Northeast China, with a total investment of 1.4 billion RMB and a construction area of approximately 25,000 square meters [4] - The project aims to produce automotive electronic products, including vehicle display screen assemblies, smart cockpit systems, and intelligent driving domain controllers, with a projected cumulative output value exceeding 10 billion RMB over five years [4] - A joint venture was established between Brilliance's subsidiary and TCL, with each party holding a 50% stake and a total capital of 1.4 billion RMB [4] Group 2: Full Ocean G8.6 Metal Mask Project - The main structure of the Full Ocean G8.6 metal mask project has commenced, with the first pillar successfully installed [5] - The project has a total investment of 500 million RMB and will be built in two phases, with the first phase expected to be completed by June 2026 and an anticipated annual output value of 300 million RMB [7] - Full Ocean Optoelectronics focuses on the production of metal masks for OLED displays and aims to achieve a total annual output value of 600 million RMB upon full production [7] - The company has already achieved trial production of the 8.6 generation OLED FMM products as of December 2024 [7]

Core Viewpoint - The Hong Kong automotive stocks experienced a significant upward trend, with notable gains in several key companies [1] Company Performance - NIO Inc. (09866.HK) saw an increase of over 10% [1] - Li Auto Inc. (02015.HK) rose nearly 4% [1] - Beijing Automotive Group (01958.HK) increased by approximately 2.5% [1] - Geely Automobile Holdings (00175.HK), GAC Group (02238.HK), and Brilliance China Automotive Holdings (01114.HK) all gained over 1% [1]

Core Viewpoint - The sustainable development has become a crucial requirement for automotive companies, not just an additional topic, as they navigate the global green transition [1] Group 1: Sustainable Development Initiatives - BMW's 2024 sustainability report highlights significant achievements in green transformation, including commitments from approximately 200 local suppliers to use renewable energy, resulting in a reduction of about 1 million tons of carbon emissions compared to 2019 [1][4] - The company has made breakthroughs in material innovation, successfully applying new bio-based composite nylon materials in the BMW X3 model and exploring the use of tea leaves for new bio-based materials [1][3] - BMW aims to enhance the use of recycled materials, planning to increase the proportion of recycled aluminum in new model wheels to 70%-75% to further reduce carbon footprint [3][5] Group 2: High-Quality Development Strategies - BMW's core experiences in high-quality development include focusing on core technologies for R&D, adhering to strict product testing, and continuously improving a "smart, efficient, low-carbon" production system [2] - The company emphasizes the importance of collaboration across the entire value chain to achieve sustainable development, with a focus on long-term value creation and innovation [1][4] Group 3: Circular Economy and Resource Efficiency - BMW has implemented effective water resource management, reducing water consumption per vehicle to 1.57 cubic meters and achieving a total recycled water usage of 400,000 cubic meters [5] - The company has achieved zero landfill waste at its Shenyang plant and is actively collaborating with local partners to integrate renewable energy and circular economy practices throughout its value chain [5][4] Group 4: Future Outlook - BMW is committed to leading the transition to sustainable mobility, with the upcoming "New Generation" models set to enhance vehicle efficiency by 20%, charging speed by 30%, and range by 30% [3][6] - The company envisions future mobility as a harmonious coexistence of people, society, and nature, continuing to prioritize responsibility in its operations [6]

Group 1 - Hong Kong automotive stocks experienced an upward trend, with XPeng Motors (09868.HK) increasing by 8.44% [1] - NIO Inc. (09866.HK) saw a rise of over 3% [1] - Other notable gainers included Geely Automobile (00175.HK), GAC Group (02238.HK), and Brilliance China Automotive (01114.HK), which also recorded significant increases [1]

Group 1 - The Hong Kong stock market's new energy vehicle sector has seen an increase in decline, with NIO (09866.HK) dropping over 3% [1] - Li Auto (02015.HK) has also experienced a decline, falling more than 2% [1] - Other companies such as Xpeng Motors (09868.HK) and Brilliance China Automotive (01114.HK) have followed suit with similar declines [1]

Financial Performance - In 2024, the company's revenue was RMB 1,095,949,000, a decrease of 2.3% compared to RMB 1,121,454,000 in 2023[6] - The profit before tax was RMB 4,519,902,000, down 45.6% from RMB 8,262,811,000 in the previous year[6] - The net profit attributable to shareholders was RMB 3,101,075,000, a decline of 59.9% compared to RMB 7,734,993,000 in 2023[6] - The basic and diluted earnings per share were RMB 0.61465, down from RMB 1.53312 in 2023[6] - The gross profit decreased by 32.8% from RMB 288,500,000 in 2023 to RMB 193,900,000 in 2024, resulting in a gross margin decline from 25.7% to 17.7%[28] - Sales costs increased by 8.3% from RMB 833,000,000 in 2023 to RMB 902,100,000 in 2024[28] - The group's profit before tax decreased by 45.3% from RMB 8,262,800,000 in 2023 to RMB 4,519,900,000 in 2024, with net profit attributable to equity holders dropping by 60.0% to RMB 3,101,100,000[32] - The company's interest income for the year was RMB 417,838,000, while financial costs amounted to RMB 3,684,000[25] - Other income decreased by 40.7% from RMB 39,800,000 in 2023 to RMB 23,600,000 in 2024, primarily due to adjustments related to excess provisions for expenses in 2023[29] - Interest income fell by 37.7% from RMB 670,200,000 in 2023 to RMB 417,800,000 in 2024, attributed to declining bank deposit rates and a reduction in cash and cash equivalents[29] Market and Sales Performance - The total sales volume of NEVs reached 1,180,000 units, representing a growth of 24.2% compared to the previous year[9] - The luxury passenger car market grew by 12.8%, reaching a total sales volume of 5,100,000 units[10] - Brilliance BMW's domestic vehicle sales in 2024 reached 603,807 units, a decrease of 15.0% from 709,954 units in 2023[30] Production and Operations - The company achieved a significant milestone with the production of its 6,000,000th vehicle at the Shenyang plant, showcasing advanced manufacturing capabilities[11] - The company continues to focus on localizing production and optimizing supply chains to enhance competitiveness amid market challenges[10] - The implementation of the BMW iFactory production strategy at the Shenyang plant aims to enhance production efficiency and quality through data science and AI[12] - Jinbei Shenyang is gradually resuming operations, with production capacity expected to be achieved by Q2 2025, and plans to restart various fuel and electric vehicle models starting from Q2 2024[13] Strategic Initiatives and Investments - Brilliance BMW plans to introduce more new internal combustion engine models and BEVs in the coming years, with the local production of the "Neue Klasse" model set to begin in 2026, supported by a total investment of RMB 10 billion for the sixth-generation battery project[12] - The company has established a joint venture with TCL to enhance its automotive cockpit technology, aiming to integrate advanced display and control systems into its vehicles[15] - The company’s investment strategy includes exploring opportunities in high-tech sectors, particularly in smart cockpit technology[15] - The group completed a capital injection of RMB 1,340,000,000 into Jinbei Shenyang, regaining control with an 80.72% stake, and received RMB 451,400,000 in compensation from the government for relocation costs[31][38] Environmental and Sustainability Efforts - The company announced a reduction of 227.4 tons of CO2 equivalent emissions through renewable energy applications at its Ningbo Yumin facility, recognized as a three-star green factory[43] - Over 97% of GHG emissions are attributed to electricity consumption during production operations, with ongoing efforts to reduce pollutants and resource consumption[44] - The company has enhanced its data collection systems in 2024 to improve monitoring procedures related to waste management and resource conservation[44] - In 2024, the company will focus on developing ESG skills and knowledge among employees through comprehensive training sessions[45] Corporate Governance and Leadership - The company has undergone changes in its board of directors, with several appointments and resignations noted, including the appointment of Mr. Zhang Yue as chairman effective November 4, 2024[67] - The company continues to maintain a strong governance structure with independent non-executive directors, including Song Jian and Jiang Bo, who have significant industry experience[139][140] - The board consists of seven members, including three executive directors and four independent non-executive directors[155] - The company has adopted whistleblowing and anti-corruption policies to ensure compliance and ethical conduct[153] - The board will continue to review and improve corporate governance practices to adapt to changing market conditions[151] Financial Position and Liabilities - As of December 31, 2024, the group had cash and cash equivalents amounting to RMB 10,539,600,000, a decrease from RMB 30,845,800,000 as of December 31, 2023[102] - The total assets of the group as of December 31, 2024, were approximately RMB 29,105,700,000, down from RMB 55,154,600,000 as of December 31, 2023[104] - The group incurred capital expenditures of RMB 259,600,000 in 2024, significantly higher than RMB 39,500,000 in 2023[106] - The group’s total liabilities as of December 31, 2024, were RMB 2,007,800,000, down from RMB 3,263,500,000 as of December 31, 2023[104] Shareholder Engagement and Dividends - The company declared special dividends of HKD 1.5 per share on April 15, 2024, and HKD 4.3 per share on June 14, 2024, with payments made on May 17, 2024, and July 25, 2024, respectively[51] - No dividends were recommended for the fiscal year 2024 during the board meeting held on March 21, 2025[52] - The company has not made any charitable donations for the fiscal year ending December 31, 2024[53] Risk Management and Compliance - The company has a risk management policy in place to assess and manage risks that could impact share prices and market behavior[196] - The company has a communication policy for shareholders to ensure transparency and timely information dissemination[191] - The company has a policy for disclosing transactions involving major shareholders or directors with potential conflicts of interest[197]

Core Viewpoint - TCL Industrial and Brilliance China have initiated a joint venture to establish an intelligent cockpit production base in Shenyang, with a total investment of 1.4 billion RMB, aiming to enhance the automotive electronics sector and contribute to regional industrial upgrades [3]. Group 1 - The joint venture will produce automotive electronic products, including in-car display assemblies, intelligent cockpit systems, and intelligent driving domain controllers, targeting both domestic and international mainstream manufacturers [3]. - The project is expected to generate a cumulative output value exceeding 10 billion RMB within five years, indicating significant growth potential for the region's automotive industry [3]. - The partnership is based on a joint venture agreement signed on December 31, 2024, with both parties holding a 50% stake in the new company [3]. Group 2 - TCL Industrial's CEO highlighted the project's milestone significance for the company's development and its strategic importance for the intelligent automotive business in Northeast China [3]. - The joint venture will leverage the existing industrial foundation in Northeast China to explore innovative paths and support the intelligent upgrade of Shenyang's automotive industry [3].