Express News | Bohai Automotive Systems: Plans to implement the valuation enhancement plan for 2025.

BreakingsMar 19 15:59

Bohai Automotive Systems (600960.SH): Has deployed DeepSeek localized testing.

On March 18, Gelonghui reported that Bohai Automotive Systems (600960.SH) stated on the investor interaction platform that the company has deployed localized testing of DeepSeek and plans to apply it in product development, quality control, regulations and other aspects.

Gelonghui FinanceMar 18 16:46

Express News | Bohai Automotive Systems: Signed a financial service agreement with Peking Automotive Group Finance Co., Ltd.

BreakingsFeb 18 16:58

Bohai Automobile 2024 Earnings Forecast Loss Announcement

SZSIJan 25 00:00 · Announcements

Bohai Automotive Systems: It is expected that the net income for the year 2024 will be a loss of 0.4 billion yuan to 0.495 billion yuan.

On January 24, Gelonghui reported that Bohai Automotive Systems expects to achieve a net income attributable to the shareholders of the listed company of -0.4 billion yuan to -0.495 billion yuan in 2024, and a net income attributable to the shareholders of the listed company after deducting non-recurring gains and losses of -0.41 billion yuan to -0.506 billion yuan. The company is affected by multiple adverse factors such as the Russia-Ukraine conflict, sluggish German economy, inflation, weak market demand, and rising supply chain costs, resulting in a decline in orders from BTAH, the German subsidiary, leading to a decrease in revenue. Additionally, factors such as increased quality costs and labor costs have impacted the situation. In 2024, it has not been possible to turn around the unfavorable operating situation, and BTAH is holding.

Gelonghui FinanceJan 24 17:57

Bohai Automotive Systems (600960.SH): The current employee termination compensation and other expenses are approximately 5.8 million euros.

On December 30, Gelonghui reported that Bohai Automotive Systems (600960.SH) announced that, affected by the ongoing Russia-Ukraine conflict and other external factors, combined with Germany's economic downturn, the automotive industry's underperformance, inflation, and rising supply chain costs for Energy and labor, the company's German subsidiary BOHAI Trimet Automotive Holding GmbH (referred to as "BTAH") is experiencing operational losses and ongoing pressure. BTAH plans to adjust and streamline its workforce to reduce Operation costs, optimize cost structure, and improve its operational situation. This is in response to unfavorable market changes.

Gelonghui FinanceDec 30, 2024 17:16