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<Research>Daiwa Optimistic on BYD COMPANY (01211.HK)'s Overseas Expansion w/ Rating Buy
Recommend 21 Positive 36 Negative 14 |
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BYD COMPANY (01211.HK) posted weak 1Q26 results, in line with Daiwa's expectations, Daiwa issued a research report saying. During the period, revenue was RMB150 billion, down 12% YoY. Net profit amounted to RMB4 billion, down 55% YoY. Gross profit margin was 18.8%, down 1.3 ppts YoY. Although the weak auto market and foreign exchange losses in 1Q26 created headwinds, the broker predicted the Company's overseas markets to maintain strong growth this year. The Company's new battery technology and accelerated advanced driver assistance systems (ADAS) adoption in mass market brands to help consolidate its domestic market share. Therefore, Daiwa rated BYD COMPANY at Buy. Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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