Core Viewpoint - Beijing Automotive's stock dropped over 7% following the release of its interim results, reflecting concerns over declining revenue and profit margins [1] Financial Performance - The company reported a revenue of 82.398 billion RMB for the first half of the year, representing a year-on-year decrease of 12.6% [1] - Profit attributable to equity holders was 360 million RMB, down 81.8% compared to the previous year [1] Sales and Market Competition - Total wholesale vehicle sales for Beijing Automotive's brands, including Beijing, Beijing Benz, Beijing Hyundai, and Fujian Benz, reached 421,000 units, while retail sales were 427,000 units [1] - A report from Bank of America indicated that Beijing Benz, in which Beijing Automotive holds a 51% stake, experienced a 17% year-on-year decline in net profit and a 9% drop in sales during the first quarter, attributed to intense competition and increased discounts [1]

报告期内，北京品牌、北京奔驰、北京现代及福建奔驰合计实现整车批发42.1万辆、整车零售42.7万 辆。值得注意的是，美银证券今年5月曾发布研报称，根据北京汽车今年首季业绩推算，估算期内持股 51%的北京奔驰纯利同比跌17%，销量跌9%，主要由于激烈竞争下加大折扣。 北京汽车(01958)绩后跌超7%，截至发稿，跌6.81%，报2.19港元，成交额1.09亿港元。 消息面上，北京汽车发布中期业绩，上半年收入823.98亿元人民币，同比下降12.6%；公司权益持有人 应占利润3.6亿元，同比下降81.8%。收入同比下降主要由于价格竞争及销量下降变动影响。 ...