BYD Reported Solid Growth in 2Q24
[For Hong Kong Investors Only] $比亚迪股份(01211)$ BYD reported 2Q24 and 1H24 results on 28 August. 2Q Revenue of RMB 176bn was +26% YoY, and net profit of RMB 9.1bn was +33% YoY, in line with market expectation. More meaningful output uplift of new DMi 5.0 models could accelerate volume growth for BYD in 2H24.
BYD is the second largest holding in Global X China Electric Vehicle and Battery ETF $GX中国电车(02845)$ .
Source: Company data, Morgan Stanley, 28 August 2024
Learn more about Global X China Electric Vehicle and Battery ETF $GX中国电车(02845)$ and the risk factors: https://www.globalxetfs.com.hk/funds/china-electric-vehicle-etf/
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