Core Viewpoint - Beijing Automotive's interim performance report shows a significant decline in revenue and profit, primarily due to price competition and decreased sales volume [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] - The profit attributable to equity holders was 360 million RMB, down 81.8% year-on-year [1] Sales Performance - Total wholesale vehicle sales for Beijing brand, Beijing Benz, Beijing Hyundai, and Fujian Benz reached 421,000 units, while retail sales were 427,000 units during the reporting period [1] - A report from Bank of America in May indicated that Beijing Benz's net profit for the first quarter fell by 17% year-on-year, with sales down by 9%, attributed to increased discounts amid fierce competition [1]