BYD(002594) 快讯·2025-04-29 03:14Core Viewpoint - Goldman Sachs has lowered the target price for BYD to HKD 428 while maintaining a "Buy" rating, indicating confidence in the company's resilience amid macroeconomic instability and ongoing competition [1] Financial Performance - BYD's Q1 performance met expectations, with the company projected to maintain an annual sales forecast of 5.5 million units [1] - The gross margin is expected to be under pressure in Q2, potentially declining by 3 percentage points [1] - Operating profit margin is anticipated to improve by 1 percentage point quarter-on-quarter to 4.3% [1] Earnings Forecast - Goldman Sachs has adjusted its earnings per share forecast for BYD for the years 2023 to 2027, with changes ranging from 1% to 3% [1] - The target price for BYD's H-shares has been revised from HKD 437 to HKD 428 [1]