Brilliance China Automotive Holdings Limited reported unaudited interim results for the six months ended 30 June 2026, highlighting a mixed performance marked by higher top-line growth but sharply lower bottom-line profitability.

Revenue and Profitability • Consolidated revenue rose 20.30 % year on year to RMB 675.77 million, driven mainly by a rebound in Jinbei (JSA) minibus and MPV sales, which climbed to 2,815 units from 277 units a year earlier. • Gross profit fell 27.60 % to RMB 67.65 million as cost of sales jumped 29.92 % to RMB 608.12 million. Gross margin narrowed to 10.0 % (1H 2025: 16.6 %), reflecting higher raw-material costs and a greater revenue contribution from lower-margin JSA products. • Profit attributable to equity holders declined 54.27 % to RMB 778.50 million, with basic and diluted EPS dropping to RMB 0.1543 (1H 2025: RMB 0.3372).

Key Income Statement Movements • Share of results of associates—predominantly 25 %-held BMW Brilliance Automotive (BBA)—slumped 52.46 % to RMB 974.04 million, mirroring an 18.8 % contraction in BBA vehicle sales to 212,782 units. Battery-electric vehicle deliveries fell 50.0 %. • Share of loss from joint venture Yuxin Zhixing widened to RMB 62.01 million (1H 2025: RMB 11.58 million) as the entity scaled up operations. • Interest income plunged 73.06 % to RMB 21.05 million owing to lower average cash and deposit balances. • Selling and general & administrative expenses were cut by 42.62 % and 22.82 % respectively, reflecting stringent cost controls and the absence of last year’s impairment charges.

Balance Sheet and Liquidity • Cash and cash equivalents stood at RMB 4.44 billion, supplemented by RMB 2.15 billion in short-term bank deposits. • Net current assets improved to RMB 7.58 billion (31 Dec 2025: RMB 6.27 billion). • Total liabilities rose to RMB 1.84 billion, lifting the gearing ratio to 0.09 (31 Dec 2025: 0.08). Short-term bank borrowings were RMB 124.20 million; the Group remains debt-light with no long-term borrowings.

Dividend The Board declared an interim dividend of HK$0.50 per share, down from HK$0.80 a year earlier. The record date is 9 September 2026, with payment slated for 24 September 2026.

Operational Highlights • Non-BMW vehicles and components generated RMB 616.20 million in revenue (+27.9 % YoY). • Auto-financing income slid to RMB 59.57 million (-25.3 %) amid heightened banking competition. • Capital expenditure for the period was pared to RMB 149.80 million (1H 2025: RMB 1.25 billion).

Outlook Management cited persistent economic headwinds, intensified price competition and sectoral shifts toward new-energy vehicles (NEVs). Key focus areas for 2H 2026 include: 1. BBA’s localisation of BMW’s Neue Klasse platform, with the long-wheelbase iX3 slated for domestic launch in 2H 2026 and a RMB 10 billion sixth-generation battery project on schedule. 2. Accelerated product development at JSA, including automatic-transmission Haise King and CNG variants, plus expansion in Egypt and new South American markets. 3. Continued cost control and risk management at Brilliance-BEA Auto Finance amid margin pressure. 4. Strategic pivot toward lightweight NEV components at Ningbo Yuming and new-energy opportunities at Mianyang Ruian.

No material post-balance-sheet events, share repurchases or disposals were noted up to 21 August 2026. The company affirmed compliance with Hong Kong’s Corporate Governance Code, rectifying board diversity requirements with the appointment of an additional independent non-executive director on 24 August 2026.