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- #Gate 2025 Semi-Year Community Gala# voting is in progress! 🔥
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Deutsche Bank: BYD's second-quarter profit is expected to rise strongly
Jinshi Data News on July 4th, Deutsche Bank analyst Wang Bin wrote in a report that after BYD Co., Ltd. (01211.HK) set a new record for monthly sales in June, it may achieve strong profit growth in the second quarter. It is expected that BYD's net profit in the second quarter will be RMB 8.6 billion, a year-on-year increase of 26%. It is expected that the net profit per vehicle in the second quarter will increase from RMB 6,300 in the first quarter to RMB 8,000. The strong delivery of the Qin sedan family, especially the Qin L sedan, equipped with BYD's latest plug-in hybrid technology, supported the sales. The orders for Qin L are three to four times higher than those for the Qin+ sedan without this technology.