Lates News

Goldman Sachs released a research report stating that BYD's performance in the first quarter of the 2025 fiscal year met expectations, with a net profit close to the midpoint of the performance forecast range. Looking ahead, the bank believes that amid macro uncertainty and ongoing competition, BYD is one of the most resilient car manufacturers. Goldman Sachs mentioned that with a strong new product lineup, industry-leading position, and the ability to quickly respond to market changes, they believe BYD can adapt to uncertain macroeconomic and competitive environments and maintain its annual sales forecast of 5.5 million vehicles; with sales growing by over 20% per quarter, they expect operating leverage to continue to improve, with operating profit margins in the second quarter increasing by 1 percentage point to 4.3%. Goldman Sachs also reiterated a "buy" rating on BYD H shares with a target price of HK$428.