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Brilliance China Automotive Holdings
(1114)
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Rating:57Neutral
Price Target:
HK$2.00
â–¼(-18.03% Downside)
Action:Reiterated
Date:09/19/26
The score is driven mainly by mixed financial performance: a strong, low-leverage balance sheet is outweighed by persistent negative operating/free cash flow and volatile operating profitability, raising earnings-quality risk. Technical signals are bearish (price below key moving averages, negative MACD), while valuation is a notable positive (low P/E and very high dividend yield).
Positive Factors
BMW Brilliance JV
The BMW Brilliance joint venture gives Brilliance China exposure to a globally recognized premium brand and an established China automotive platform. This strategic asset can support durable earnings participation and distributions when BMW maintains market strength and the JV remains profitable.
Negative Factors
Persistent Cash Burn
Persistent negative operating and free cash flow indicates that reported profits are not converting reliably into cash. Continued cash burn can weaken financial flexibility, increase reliance on balance-sheet resources, and limit the company’s ability to fund operations or investment internally over coming quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
BMW Brilliance JV
The BMW Brilliance joint venture gives Brilliance China exposure to a globally recognized premium brand and an established China automotive platform. This strategic asset can support durable earnings participation and distributions when BMW maintains market strength and the JV remains profitable.
Read all positive factors
Brilliance China Automotive Holdings (1114) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$8.50B
Dividend Yield29.6%
Average Volume (3M)14.61M
Price to Earnings (P/E)6.6
Beta (1Y)0.77
Revenue Growth17.81%
EPS Growth-66.64%
CountryHK
Employees2,049
SectorGeneral
Sector StrengthN/A
IndustryAuto - Manufacturers
Share Statistics
EPS (TTM)0.22
Shares Outstanding5,045,269,500
10 Day Avg. Volume14,964,177
30 Day Avg. Volume14,612,910
Financial Highlights & Ratios
PEG Ratio-0.26
Price to Book (P/B)0.87
Price to Sales (P/S)15.53
P/FCF Ratio-20.67
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$2.28Price Target Upside-6.56% Downside
Rating ConsensusHold
Number of Analyst Covering3
EPS Forecast (FY)0.26
Revenue Forecast (FY)HK$1.29B
Brilliance China Automotive Holdings Business Overview & Revenue Model
Company Description
Brilliance China Automotive Holdings Limited, an investment holding company, manufactures and sells BMW vehicles, non-BMW vehicles, and automotive components in the People’s Republic of China and internationally. The company offers minibuses and m...
How the Company Makes Money
The company’s primary way of making money has been through its share of earnings and cash distributions from its equity interest in BMW Brilliance Automotive (BBA), the BMW joint venture in China. Economically, this works as follows: (1) BBA sells...
Brilliance China Automotive Holdings Financial Statement Overview
Summary
Income Statement
55
Neutral
Balance Sheet
78
Positive
Cash Flow
26
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Jun 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.29B | 1.18B | 1.10B | 1.12B | 1.13B | 2.14B |
| Gross Profit | 171.07M | 163.49M | 193.88M | 288.48M | 235.57M | 180.73M |
| EBITDA | -324.65M | -389.70M | -90.69M | -157.66M | -7.91B | -1.57B |
| Net Income | 1.05B | 1.99B | 3.10B | 7.73B | 7.15B | 11.96B |
Balance Sheet | ||||||
| Total Assets | 23.35B | 23.59B | 29.11B | 55.15B | 55.43B | 49.95B |
| Cash, Cash Equivalents and Short-Term Investments | 6.59B | 5.21B | 10.58B | 30.85B | 28.46B | 1.05B |
| Total Debt | 232.96M | 323.82M | 732.29M | 1.17B | 562.26M | 3.18B |
| Total Liabilities | 1.84B | 1.64B | 2.01B | 3.26B | 3.21B | 8.78B |
| Stockholders Equity | 20.61B | 21.04B | 26.06B | 51.12B | 51.45B | 42.33B |
Cash Flow | ||||||
| Free Cash Flow | -924.59M | -887.71M | -356.74M | -1.02B | 1.26B | 1.39B |
| Operating Cash Flow | -480.49M | -579.34M | -214.21M | -998.55M | 1.30B | 1.61B |
| Investing Cash Flow | 3.06B | 3.29B | 8.64B | 12.03B | 28.30B | 1.09B |
| Financing Cash Flow | -8.67B | -8.78B | -28.74B | -8.65B | -2.18B | -3.67B |
Brilliance China Automotive Holdings Technical Analysis
Negative
2.44
Price Trends
1.81
Negative
1.76
Negative
2.23
Negative
Market Momentum
-0.02
Positive
42.38
Neutral
24.44
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1114, the sentiment is Negative. The current price of 2.44 is above the 20-day moving average (MA) of 1.77, above the 50-day MA of 1.81, and above the 200-day MA of 2.23, indicating a bearish trend. The MACD of -0.02 indicates Positive momentum. The RSI at 42.38 is Neutral, neither overbought nor oversold. The STOCH value of 24.44 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1114.
Brilliance China Automotive Holdings Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | HK$133.25B | 6.06 | 34.74% | 4.29% | ― | ― | |
70 Outperform | HK$150.15B | 7.63 | 17.21% | 3.61% | 27.19% | 3.59% | |
59 Neutral | HK$118.39B | 19.75 | 6.90% | 6.20% | 19.18% | -48.45% | |
57 Neutral | HK$8.50B | 6.61 | 5.05% | 29.60% | 17.81% | -66.64% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
52 Neutral | HK$46.09B | -4.42 | -10.19% | 2.78% | -0.41% | -238.61% | |
43 Neutral | HK$5.21B | -2.40 | -3.22% | 13.07% | -20.42% | -187.57% |
* General Sector Average
HK:1114
Brilliance China Automotive Holdings
1.69
-1.33
-44.19%
HK:0175
Geely Automobile Holdings
13.84
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-22.79%
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0.65
-1.36
-67.66%
HK:2238
Guangzhou Automobile Group Co
1.94
-1.32
-40.64%
HK:2333
Great Wall Motor Co
6.49
-7.95
-55.05%
HK:9973
Chery Automobile Co.,Ltd.
22.94
-8.29
-26.56%
Brilliance China Automotive Holdings Corporate Events
Brilliance China Automotive Sets Out Board and Committee Structure
Aug 24, 2026
Brilliance China Automotive Holdings has detailed the current composition of its board, which includes three executive directors and four independent non-executive directors, led by Chairman and Chief Executive Officer Zhang Yue. The announcement ...
Brilliance China Strengthens Board With New Independent Director Focused on New Energy and Global Expansion
Aug 21, 2026
Brilliance China Automotive Holdings has appointed Ms. Zhu Zheyu as an independent non-executive director and member of its nomination committee, effective 24 August 2026. The appointment strengthens the board with expertise spanning financial inv...
Brilliance China Revenue Rises but Profit Slides on Weaker Associate Contributions
Aug 21, 2026
Brilliance China Automotive reported unaudited interim results for the six months ended 30 June 2026 showing revenue rising to RMB675.8 million from RMB561.7 million, but gross profit fell and earnings per share dropped to RMB0.1543 from RMB0.3372...
Brilliance China Automotive Declares Interim Dividend for First Half of 2026
Aug 21, 2026
Brilliance China Automotive Holdings Limited has declared an interim ordinary cash dividend of HKD 0.5 per share for the six months ended 30 June 2026. The dividend, relating to the financial year ending 31 December 2026, underscores the company&#...
Brilliance China Schedules August Board Meeting to Review Interim Results and Dividend
Aug 11, 2026
Brilliance China Automotive Holdings has scheduled a board meeting in Hong Kong on August 21, 2026 to review and approve its unaudited consolidated interim financial results for the six months ended June 30, 2026. The board will also consider whet...
Brilliance China Warns of Up to 61% Profit Drop for First Half 2026
Aug 5, 2026
Brilliance China Automotive has issued a profit warning, stating that unaudited profit before tax for the six months ended 30 June 2026 is expected to fall by up to 61% compared with the same period in 2025. The decline is mainly attributed to wea...
Brilliance China Sets 2026 Connected-Party Component Purchase Framework
Jul 20, 2026
Brilliance China Automotive Holdings has entered into a new framework agreement with Shenyang Automobile Group to purchase materials and automotive components from 20 July to 31 December 2026. The deal formalises an existing supply relationship an...
Brilliance China Automotive Clarifies Board Roles and Committee Structure
Jun 30, 2026
Brilliance China Automotive Holdings Limited has updated its board composition and clarified the roles and functions of its directors, underscoring its governance framework in the Hong Kong-listed automotive space. The board includes three executi...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.