HK Stock Market Move | BYD COMPANY (01211) rose by more than 7%. Net profit in the first quarter is expected to increase by a maximum of 118.88% year-on-year.

BYD COMPANY (01211) fluctuated and rose in early trading, approaching midday, the stock price rose more than 7%, as of the time of writing, it was up 4.7% at 330 Hong Kong dollars, with a trading volume of 5.939 billion Hong Kong dollars. On the news front, BYD COMPANY announced positive earnings at noon, expecting a net profit attributable to shareholders of the listed company of 8.5 billion to 10 billion yuan in the first quarter of 2025, a year-on-year increase of 86.04% -118.88%. In the first quarter of 2025, the new energy vehicle industry still maintains strong growth momentum, with the company as the industry leader, achieving a new high in new energy vehicle sales during the same period, and overseas new energy vehicle sales experiencing a leap in growth, further consolidating its leading position in global new energy vehicle sales. Goldman Sachs report pointed out that BYD Company Limited launched new models with leading technology and cost reduction to drive profit growth, with operating cash flow expected to be 162 billion yuan in 2025 (133 billion yuan in 2024), driven by a 36% increase in net profit and positive changes in working capital. As capital expenditure is expected to remain flat with 2024 at around 100 billion yuan, the bank predicts that free cash flow in 2025 will increase to 62 billion yuan (36 billion yuan in 2024).