Changes in Hong Kong stocks | BYD shares (01211) rose by more than 7%, and net profit in the first quarter rose to a maximum of 118.88% year-on-year

The Zhitong Finance App learned that BYD shares (01211) fluctuated higher in early trading. Near noon trading, the stock price rose by more than 7%. As of press release, it had risen 4.7% to HK$330, with a turnover of HK$5.939 billion.

According to the news, BYD shares made a profit in the afternoon. Net profit attributable to shareholders of listed companies is expected to be 8.5 billion yuan to 10 billion yuan in the first quarter of 2025, an increase of 86.04%-118.88% over the previous year. In the first quarter of 2025, the NEV industry maintained strong growth potential. As an industry leader, NEV sales reached a record high during the same period, and overseas NEV sales achieved leaps and bounds, further consolidating the leading position of NEV sales in the world.

According to the Goldman Sachs Research Report, BYD has launched new models with advanced technology and reduced costs to help increase profits. Operating cash flow is estimated to be RMB 162 billion in 2025 (RMB 133 billion in 2024), driven by a 36% increase in net profit and positive changes in working capital. Since capital expenditure is expected to be the same as 2024, about 100 billion yuan, the bank predicts that free cash flow will increase to 62 billion yuan in 2025 (36 billion yuan in 2024).