BYD's Fourth-Quarter Net Profit Likely Jumped on Strong Sales -- Earnings Preview

Dow Jones
24 Mar
 

By Jiahui Huang

 

BYD is scheduled to report results for the fourth quarter on Monday. Here is what you need to know:

 

NET PROFIT: The Chinese electric-vehicle giant is expected to post fourth-quarter net profit of 14.76 billion yuan, equivalent to $2.04 billion, according to analysts' consensus estimate in a Visible Alpha poll. That would compare with 8.67 billion yuan a year earlier.

REVENUE: The carmaker's revenue likely rose 52% to 273.40 billion yuan, according to Visible Alpha. BYD earlier reported that it sold 1.52 million vehicles in the fourth quarter, up 61% from a year earlier, driven partly by government subsidies and promotions.

BYD's Hong Kong-listed shares fell 6.1% in the fourth quarter but have since reversed those losses, rising more than 45% this year. The stock hit a record high last week after the company unveiled a new fast-charging technology.

 

WHAT TO WATCH:

--MARGIN: BYD's margin has been strong, given its robust sales and economies of scale. Investors will look at its fourth-quarter gross profit margin to evaluate its cost control and profitability.

--AUTONOMOUS-DRIVING TECH: BYD in February made its advanced driving-assistance system available for its low-price mass-market models, taking the battle in China's EV market to a new front: self-driving technology. Investors will be looking for updates about its artificial-intelligence powered autonomous-driving tech.

 

Write to Jiahui Huang at jiahui.huang@wsj.com

 

(END) Dow Jones Newswires

March 23, 2025 22:58 ET (02:58 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10