BYD has announced its performance forecast for the first quarter of 2025, estimating a net profit of 8.5 to 10 billion yuan, which represents a year-on-year increase of 86.04% to 118.88%. The basic earnings per share are projected to be between 2.91 yuan and 3.42 yuan. The primary reason for this significant change in performance is the continued robust growth in the new energy vehicle industry. As a leading player in the sector, BYD has achieved record-breaking sales of new energy vehicles during this period, with substantial growth in overseas sales, further solidifying its position as the world’s top seller of new energy vehicles.
Moreover, the company’s persistent expansion of scale and its vertically integrated strategy have substantially contributed to the increase in profitability across the group. For the fiscal year from January to December 2024, BYD’s revenue composition was as follows: 79.45% from the transportation equipment manufacturing sector, 20.54% from daily electronic component manufacturing, and 0.01% from other sources.
Wang Chuanfu, who serves as both the president and chairman of BYD, is 59 years old and holds a master’s degree. In terms of stockholding, there has been no change in the amount of northbound capital held by BYD over the past 30 days, and three groups of institutions have conducted research on the company in the same timeframe, totaling three institutions. According to various brokerage firms, the average forecast for BYD’s net profit for the first quarter of 2025 is 13.429 billion yuan, compared to 4.569 billion yuan in net profit during the same period last year.
