Changes in Hong Kong stocks | Brilliance China (01114) fell more than 5% in the intraday period, BMW Group's sales volume in China fell by more than 20% in the first half of the year

The Zhitong Finance App learned that Brilliance China (01114) fell more than 5% in the intraday period. As of press release, it fell 4.67% to HK$2.04, with a turnover of HK$5,038,900.

According to the news, BMW Group's profit fell 29.4% in the first half of the year, and sales in China fell 20.4%. According to a research report released by Citigroup, according to BMW's second-quarter results, it is estimated that the net profit of BMW and Brilliance China's joint venture will drop 52% year-on-year in the first half of the year, which is lower than market expectations. According to international financial reporting standards, BMW Brilliance is expected to record a net loss of 1 billion yuan in the second quarter, turning into a year-on-year and month-on-month loss.