UBS released a research report stating that BRILLIANCE CHI (01114) continued to record improvements in net profit per vehicle during the period, reaching RMB 27,000, representing a 24% increase from the second half of last year. Accordingly, UBS has raised its net profit forecasts for fiscal years 2025 to 2027 by 10% to 20%, and upgraded the target price from HK$3.0 to HK$3.4, corresponding to approximately 3 times the projected 2026 price-to-earnings ratio, with a "Buy" rating.

UBS noted that BRILLIANCE CHI's first-half net profit grew 15% year-over-year to RMB 1.7 billion, also representing a 5% increase from the second half of last year. Normalized net profit excluding one-time items is expected to reach RMB 1.952 billion, accounting for 62% to 68% of UBS and market full-year forecasts, which may lead investors to raise their expectations.