BYD anticipates significant profit surge in Q1 2025

BYD Co. Ltd. (SZSE:002594) has released a positive first-quarter performance forecast, anticipating a substantial increase in net profit attributable to shareholders. The company expects profits to land between CNY850 million and CNY1 billion, compared to CNY456.88 million in the same period last year. This translates to a year-on-year increase of 86.04% to 118.88%. Basic earnings per share are projected to be between CNY2.91 and CNY3.42, up from CNY1.57 in Q1 2024. BYD attributes the strong performance to continued robust growth in the new energy vehicle (NEV) sector, with record sales and increased overseas NEV sales and further solidified the company's global NEV leadership position. It also cites the benefits of its expanding scale and vertically integrated strategy, which greatly boosted group earnings. The financial data in this announcement has not been audited.