April 24 – BYD Company (BYDDF) will unveil its Q1 results on April 25, and the buzz is all about a hefty profit jump, even as trade tensions bite. Wall Street sees net income landing between RMB 8.5 billion and RMB 10 billion ($1.16 billion to $1.37 billion), nearly double the RMB 4.1 billion posted a year ago.
EPS forecasts look strong too, at RMB 2.91 to RMB 3.42 ($0.35 to $0.42), up from RMB 1.57 ($0.21) in Q1 2024. Revenue may disappoint versus the RMB 240 billion consensus, around RMB 169.7 billion ($23.2 billion) is expected, but it still represents a healthy 36% year-on-year gain.
What’s fueling this growth? BYD shifted over 1 million new energy vehicles in the quarter, up nearly 60% from last year, and overseas deliveries doubled to north of 206,000 units. But there’s a catch: U.S. tariffs on Chinese EVs now top 247%, making it tough to compete stateside.
To stay ahead, BYD is leaning into tech, its new ultra-fast charger juices up 470 km of range in five minutes, and its God’s Eye self-driving platform is rolling out across models. Management’s share buybacks also signal they believe the stock is a bargain, even with trade headwinds looming.
This article first appeared on GuruFocus.
