[Broker Focus] Guoxin Securities maintains BYD's share (01211) purchase rating and is expected to maintain its lead in competition and further expand its share
Jinwu Financial News | According to Guoxin Securities Research, BYD's (01211) results showed that the company's revenue for the first quarter of 2024 was 124.94 billion yuan (same below), up 3.97% year on year; net profit attributable to shareholders was 4.57 billion yuan, up 10.6% year on year; net profit attributable to non-shareholders was 3.75 billion yuan, up 5.2% year on year. The company's overall gross margin for the first quarter of 2024 was about 21.9%, roughly the same as the third and fourth quarters of 2023, and remained relatively high. The bank expects the company's total Q2 car sales to continue to grow rapidly. The main reasons are as follows: 1. Public
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China Merchants Securities: Maintaining BYD's (01211) “Overholding” Rating Target Price of HK$300
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[Hong Kong Stock Connect] BYD shares (01211) repeatedly rose more than 2.4%. April sales increased nearly 49% year on year
Jinwu Financial News | BYD shares (01211) had excellent production and sales data for April. The stock price rose repeatedly in early trading. It was tentatively reported at HK$228.8, up 2.41%, with a turnover of HK$319 million. BYD announced that sales of new energy vehicles in April 2024 were 313,200 units, compared to 21,300 units in the same period last year, up 48.96% year on year, and cumulative sales during the year rose 23.24% year on year. Production of new energy vehicles was 334 million units, compared to 209,400 units in the same period last year; cumulative production during the year increased by 21.85% year on year. According to Citi's report, it is estimated that BYD's net profit for the second quarter will be 7.9 billion yuan
BYD Posts Higher Sales, Production Numbers in April
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BYD Sells 313,245 NEVs in Apr, up 3.57% From Mar
BYD sold 313,245 NEVs in April, up 3.57 percent from March and up 48.96 percent year-on-year. The post BYD sells 313,245 NEVs in Apr, up 3.57% from Mar appeared first on CnEVPost. For more articles, please visit CnEVPost.
BYD Co., Ltd. (01211.HK) sold 313,200 new energy vehicles in April, up 48.96% year on year
Gelonghui, May 1 | BYD Co., Ltd. (01211.HK) announced the April 2024 production and sales report. The total sales volume of new energy vehicles this month was 3132.45 million units, up 48.96% year on year; this year's cumulative total of 9395.08 million units was up 23.24% year on year. The company sold a total of 41,011 new energy passenger vehicles overseas in April 2024. Our total installed capacity of NEV power batteries and energy storage batteries in April 2024 was approximately 12.559 GWh, and the cumulative total installed capacity in 2024 was about 42.295 GWh.
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BYD's Q1 Profit Jumps 11%, Operating Revenue Rises 4%
BYD's (HKG:1211, SHE:002594) attributable profit rose 10.62% to 4.57 billion yuan, or 1.57 yuan per share, in the first quarter, from 4.13 billion yuan, or 1.42 yuan per share, in the year-ago period,
Results: BYD Company Limited Exceeded Expectations And The Consensus Has Updated Its Estimates
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[Broker Focus] CMB International maintains the BYD share (01211) purchase rating and indicates that the first quarter results are in line with expectations
Jinwu Financial News | According to CMB International Development Research Report, BYD's (01211) 1Q24 revenue was 4% higher than the bank's previous forecast, mainly due to the contribution of BYD Electronics. The 1Q24 gross profit margin was 21.9%, which was 1.3 percentage points higher than the bank's forecast, but this positive contribution was offset by sales expenses that exceeded expectations. If the 1Q24 R&D cost rate can be the same as the full year of 2023 (6.6%), BYD's 1Q24 net profit can reach 6.9 billion yuan (vs actual 4.6 billion yuan), which will basically meet the bank's previous expectations. Looking ahead, the bank remains in place for the whole of 2024
Big Bank Rating | Citibank: The “buy” rating given to CMB is still confident that it will achieve positive profit growth this year
According to a report published by Citibank, China Merchants Bank was dragged down by net interest spreads and weak handling fee revenue. Earnings before provision for the first quarter fell 6.1% year-on-year, offsetting the positive impact of steady transaction earnings. During the period, net profit after tax grew less than expected, falling 2% year-on-year to 38.1 billion yuan. Return on assets (ROA) and return on shareholders (ROE) decreased by 15 and 235 basis points, respectively, from year to year to 1.35% and 16.08%, respectively. Citi expects that in the first quarter of this year, its recruitment performance was weaker than expected, and revenue and profit growth were lower than those of its peers, and its stock price would react negatively. CMB H shares have increased by about 25.7% year to date.