According to the Zhuhai Finance APP, BRILLIANCE CHI (01114) rose over 10% in the afternoon, and as of the time of writing, it was up 8.49%, priced at HKD 3.45, with a transaction volume of 0.321 billion HKD.

In terms of news, BRILLIANCE CHI announced at the beginning of November that Zhang Yue was appointed as the Chairperson of the Board of Directors. Morgan Stanley released a report stating that, although the timeline for further dividend distribution from BRILLIANCE CHI is not yet clear, considering the net cash of approximately HKD 2.1 per share, of which HKD 1.8 per share may be distributable to shareholders, and the recent rebound in BMW Autos sales in China, the firm's risk-reward profile for BRILLIANCE CHI appears attractive. On the other hand, the market should closely monitor new measures implemented by the new chairman after taking office.

It is worth noting that in 2023, Shenyang established Shenyang Autos Co., Ltd., obtaining 100% equity of BRILLIANCE Group after restructuring, with over 200 wholly-owned and controlling enterprises, clarifying the development vision to return to the first tier of domestic Autos within ten years. Zheshang pointed out that Shenyang Autos, as a lever for building the Shenyang automotive industry center, is expected to receive ongoing support for asset restructuring and integration. Local Industry Chain upgrades and BMW increasing investments will greatly benefit Shenyang Autos in revitalizing a series of automotive industry assets under BRILLIANCE. Previously suppressed valuations and disrupted performances of listed companies due to BRILLIANCE Group restructuring are expected to undergo revaluation.