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Citi: BYD COMPANY (01211.HK) 1Q NP In Line With Street Consensus
2025-04-28 11:19:05
Citi published a report on BYD COMPANY (01211.HK), which logged a 1Q net profit of RMB9.16 billion, up 100% YoY, in line with street consensus. The broker expected 2Q shipment volume to hike 25-35% QoQ to at least 1.25 million units.

Excluding BYD Electronics’ profit, Citi estimated BYD’s 1Q per-vehicle net profit at approximately RMB8,733 and anticipated 1H per-vehicle net profit to stabilize at RMB9,000.

Citi believed BYD’s three key sales metrics in April (wholesale, domestic retail, and exports) should chart MoM growth. The broker kept BYD as its sector top pick.
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