BYD Co. (.SZ_1211.HK)_ 1Q25 Earnings Review_ Resilience amid macro uncertainty & ongoing competition; Buy
2025-05-06 02:28
更多资料加入知识星球：水木调研纪要 关注公众号：水木纪要 28 April 2025 | 4:57PM CST BYD Co. (002594.SZ/1211.HK) 1Q25 Earnings Review: Resilience amid macro uncertainty & ongoing competition; Buy BYD reported in-line 1Q25 result with net profit of Rmb9.2bn, near mid-point of pre-announcement range of Rmb8.5bn-Rmb10bn (First Take). Looking ahead, we see BYD as one of the most resilient auto OEMs amid macro uncertainty and ongoing competition. (1) Volume: we believe BYD is capable of navigating the uncertain macro economy and competition ...