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FINWIRES

BAIC Motor Swings to Q1 Loss; Shares Fall 9%

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-- BAIC Motor (HKG:1958) posted a net loss attributable to owners of the parent of 829.5 million yuan for the first quarter, compared with a profit of 929.4 million yuan a year earlier, according to a Monday Hong Kong bourse filing.

Shares of the firm were down nearly 9% in Tuesday's midday trade.

Operating revenue fell to 31.4 billion yuan from 42.4 billion yuan in the prior-year period.

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