BYD forecasts strong Q1 profit growth, up to 118.88%

BYD Company Limited (HKEX: 1211) anticipates a substantial increase in net profit attributable to shareholders for the first quarter of 2025. The company estimates earnings between RMB8,500 million and RMB10,000 million, representing a growth of 86.04% to 118.88% compared to the same period last year. Basic earnings per share are projected to be between RMB2.91 and RMB3.42, up from RMB1.57 in the first quarter of 2024. The company attributes this strong performance to record sales of New Energy Vehicles (NEV), both domestically and internationally, as well as the benefits of economies of scale and vertically integrated operations. BYD cautions that these figures are preliminary estimates and will be detailed further in their unaudited first quarterly report for the three months ended March 31, 2025.