Express News | BYD and others invested 500 million yuan to establish a sodium battery technology company in Xuzhou
Intraday Overview | The three major indices of Hong Kong stocks weakened slightly, and the pharmaceutical outsourcing concept rose against the market
Road transport stocks strengthened; Guangzhou-Shenzhen Railway shares rose more than 9%, Anhui Wantong Expressway rose more than 6%; domestic housing stocks collectively pulled back, Agile Group fell more than 6%, and Midea Real Estate fell more than 5%.
Auto stocks fluctuated higher, with Zotye and Jinlong both rising and stopping, while Dongfeng Motor, CIMC, BYD, and JAC followed suit.
Auto stocks fluctuated higher, with Zotye and Jinlong both rising and stopping, while Dongfeng Motor, CIMC, BYD, and JAC followed suit.
Express News | Since May, the car market has set off another promotion boom, and intelligence has become an important “selling point”
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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Express News | Buffett says Munger patted the table and made him buy BYD
BYD (002594) sales review: April sales increased slightly month-on-month, and mixed share increased markedly
Key investment points BYD's NEV sales in April increased slightly month-on-month, in line with market expectations. BYD sold 313,000 electric vehicles in April, +49%/+3.6% year on month, of which 41,011 units were exported, +20 compared to the previous month
BYD, big announcement!
During the May 1st holiday, the NEV market is booming.
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.
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