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Chairman's Statement
During the year 2008, our Zhonghua sedan segment experienced a drop in sales volume, while our minibus and premium BMW products continued to exhibit growth. The Group sold 91,356 Zhonghua sedans in 2008, representing a 14.4% decrease from the previous year. The new Junjie FRV, the first model from the brand new A-class line of our Zhonghua products, was introduced to the market in mid-2008. Although the Junjie FRV has been well received since its launch, the short period since introduction resulted in a relatively low volume to support the new A-class platform, and the Junjie FRV model was not profitable in 2008. This was the main reason for the reduced gross margin for 2008.

With respect to our minibus business, despite a difficult operating environment the Group continued to maintain its market leading position in 2008. A total of 73,863 minibuses were sold in 2008, representing a slight increase of 0.6% from the 73,415 units sold in 2007. With its long history, established track record and strong brand recognition, our minibus business continues to be a relatively stable profit contributor to the Group.

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Company at a Glance
General Overview
Brilliance China is one of the leading automotive manufacturers in China through its subsidiaries, associated companies and joint ventures in the PRC. The Group's operating segments are divided primarily into the manufacture and sale of (i) minibuses and automotive components, and (ii) sedans. Its commercial vehicle brands include "JinBei" and "Granse" minibuses and its sedan brand includes "Zhonghua". In 2003, the Group also established a joint venture with BMW to produce BMW 3-series and 5-series sedans in China. The Group is also engaged in the manufacture of gasoline engines for use in minibuses, sedans, SUV and light trucks and automotive components, including but not limited to window moldings, strips, axles, stamped parts, etc.
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   NEWS
Monthly Return of Equity Issuer on Movements in Securities for the month ended 28 February 2010
截至2010年2月28日止月份之股份發行人的證券變動月報表
2010.03.01
Voluntary Announcement – Connected and Major Transaction: Completion of Disposal of Zhonghua Business of Shenyang Brilliance JinBei Automobile Co., Ltd. – Confirmation of Consideration
自願性公佈 – 關連及主要交易: 出售瀋陽華晨金杯汽車有限公司之中華業務之交割 – 代價之確認
2010.02.10
Monthly Return of Equity Issuer on Movements in Securities for the month ended 31 January 2010
截至2010年1月31日止月份之股份發行人的證券變動月報表
2010.02.01
 
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  Legal notices and terms l Last Update 01-03-2010 © Brilliance China Automotive Holdings Limited 2004