Beijing Automotive Group forecasts its 2024 net profit attributable to shareholders to stand at approximately RMB 950 million, signaling a significant year-on-year drop of around 68.6%. This projection stems primarily from intensified competition within the domestic passenger vehicle market, which has resulted in reduced sales, alongside heightened investments in business strategies. It is important to note that these figures are based on unaudited financial statements, and the company's final performance may undergo adjustments following an internal review process.
