$BYD 5xLongSG231012(DINW.SI)$

On October 17, BYD announced an earnings preview showing it expects a third-quarter net profit of RMB 5.5 billion to RMB 5.9 billion.

After deducting non-recurring gains and losses, BYD's net profit in the third quarter was RMB 5.3 billion, up 923.2 percent from RMB 518 million in the same period last year.

China's new energy vehicle industry continued to accelerate on the upside in the third quarter, and BYD's earnings elasticity continued to be shown, said Guosen Securities analyst Tang Xuxia's team in a research note following BYD's earnings preview.

The company's scale effect has strengthened quarter by quarter, effectively easing earnings pressure from rising upstream raw material prices, the team said.

The team expects BYD to sell 1.78 million, 3.2 million and 4 million vehicles from 2022 to 2024, with average sales revenue of RMB 160,000, 170,000 and 170,000 per vehicle, respectively.

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Comments

Irene104
2022-11-02
Irene104
Ok
lionsg
2022-11-02
lionsg
Ok
Sing2_Me
2022-11-02
Sing2_Me
Like
PC711
2022-11-02
PC711
ok
Jloong
2022-11-02
Jloong
I
tiger cub
2022-11-02
tiger cub
k

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