BYD announced on Tuesday, 8, forecasts for financial results in the first quarter and full year of 2025, moving to boost market trust. According to the Chinese automaker, net profit probably rose to about 8.5 billion yuans to 10 billion yuans, the equivalent of $ 1.16 billion to 1.37 billion in the first quarter. In the same period of the previous year, BYD made a profit of 4.57 billion yuans.
Diluted by action, net income should be between 2.91 yuans to 3.42 yuans in the period, above 1.57 yuans recorded in the previous year.
The BYD projections came well above than expected by analysts consulted by FACTSET, which projected a total net profit of 6 billion yuans and per 2.55 yuan action.
The Chinese automaker said the rise of projections reflects the robust growth trajectory of the electric vehicle industry (EVs) and the growth of international sales, as well as a balance in internal strategies to increase profitability. The company recalled that the estimates are preliminary and that the results will be published with corporate balance of the first quarter.
Analysts said the publicity of the first quarter Guidance on such an early date reflects BYD’s confidence on its performance, but also aims to improve market feeling, weakened after the trade war with threat exchanges between US and China. “He is a catalyst to boost confidence after yesterday’s strong liquidation,” said CCB International Qu Ke analyst.
BYD shares listed in Shenzhen closed 1.8% on Tuesday, while Hong Kong those rose 4.8% after the projections were released. In the year’s accumulated, Chinese papers also remain in blue, in advance of more than 20%, despite the strong tumble recorded on Monday.
Continues after advertising
*With information from Dow Jones Newswires
