BYD: New energy vehicles sold 313,000 units in April
Glonghui, May 5 | BYD revealed the April production and sales report. In April, sales of new energy vehicles were 313,000 units, compared to 210,000 units in the same period last year.
Express News | BYD: Sales of new energy vehicles in April were 313,245 units, compared to 210,295 units in the same period last year
Express News | According to BYD Auto's Weibo account, the Yuan Plus Honor Edition sold 2,2001 vehicles in April, with cumulative sales exceeding 680,000 units.
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BYD (002594): Q1 profit of 4.57 billion, off-season + price cuts show profit resilience
Core view The company's 24Q1 revenue was 124.94 billion yuan, +4% year-on-year, -30.6% month-on-month, and net profit to mother 4.57 billion yuan, +10.6% year-on-year, and -47.3% month-on-month, of which the net profit of the automobile business was 41 billion yuan
Express News | All models of BYD's Dynasty Network launched preferential car purchase policies and bike replacement subsidies of up to 18,000 yuan
BYD (002594): Gross margin increased month-on-month in the first quarter, and the process of going overseas and high-end continued to advance
Net profit returned to mother increased 11% year-on-year in the first quarter, and leading car companies performed steadily. In 24Q1, BYD achieved revenue of 124.94 billion yuan, +42% year-on-year, and achieved sales of 626,000 new energy vehicles, +13.4% year-on-year.
Express News | BYD Auto: SEAL sold 14,269 cars in April.
Express News | BYD destroyers sold 32,800 units in April
Changes in Hong Kong stocks | Xiaopeng Automobile-W (09868) opened more than 8% and led the auto stock market in April, sales of new power car companies were steady, and trade-in is expected to boost demand
Auto stocks collectively opened higher. As of press release, Xiaopeng Automobile-W (09868) rose 8.35% to HK$37; Ideal Automobile-W (02015) rose 7.06% to HK$115.2.
Express News | BYD Dynasty sold 158,678 vehicles in April, up 37.3% year on year
Express News | According to BYD Auto's Weibo account, the BYD Hantang family sold 35,685 vehicles in April, with cumulative sales exceeding 1.34 million vehicles.
According to a report issued by China Merchants Securities, BYD's net profit for the first quarter of 4.57 billion yuan (same below) increased 10.6% year-on-year in line with expectations. Steady performance under the overall weak conditions of the market
According to a report issued by China Merchants Securities, BYD's net profit for the first quarter of 4.57 billion yuan (same below) increased 10.6% year-on-year in line with expectations. Steady performance under the overall weak conditions of the market. High-end products and an increase in the share of exports are the keys to driving performance growth. The gross margin was 21.9%, an increase of 4 percentage points year-on-year. The gross profit margin of automobile sales (excluding BYD Electronics) was 28.1%, up 7.3 percentage points from year to year. China Merchants Securities expects the company's profit margin to be relatively low in the first quarter and is expected to pick up in the next quarter. Keep the profit forecast unchanged and maintain the “Overstock” rating and target price of HK$300.
Express News | China Merchants Securities: BYD's gross margin increased strongly in the first quarter, maintaining an “increase in holdings” rating and target price of HK$300
BYD to Recall Over 16,000 EVs Due to Camera Software Issue
BYD (HKG:1211, SHE:002594) will recall 16,666 electric vehicles starting May 20 due to a software problem, China's State Administration for Market Regulation said in its Tuesday press release on its w
China Merchants Securities: Maintaining BYD's (01211) “Overholding” Rating Target Price of HK$300
China Merchants Securities expects the profit margin of BYD shares (01211) to pick up starting next quarter.
Changes in Hong Kong stocks | Auto stocks explode across the board, NIO - SW (09866) rose more than 22%, leading sector trade-in, which is expected to significantly boost domestic automotive demand
Auto stocks exploded across the board. As of press release, NIO SW (09866) rose 22.24% to HK$43.7; Zero Sports (09863) rose 12.15% to HK$30.5; Xiaopeng Motor-W (09868) rose 8.24% to HK$34.15; and BYD shares (01211) rose 4.55% to HK$225.4.
BYD shares rose more than 5% to sell 313,245 new energy vehicles in April.
BYD shares rose more than 5% to sell 313,245 new energy vehicles in April.
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