By Jiahui Huang
BYD is scheduled to report results for the fourth quarter on Monday. Here is what you need to know:
NET PROFIT: The Chinese electric-vehicle giant is expected to post fourth-quarter net profit of 14.76 billion yuan, equivalent to $2.04 billion, according to analysts' consensus estimate in a Visible Alpha poll. That would compare with 8.67 billion yuan a year earlier.
REVENUE: The carmaker's revenue likely rose 52% to 273.40 billion yuan, according to Visible Alpha. BYD earlier reported that it sold 1.52 million vehicles in the fourth quarter, up 61% from a year earlier, driven partly by government subsidies and promotions.
BYD's Hong Kong-listed shares fell 6.1% in the fourth quarter but have since reversed those losses, rising more than 45% this year. The stock hit a record high last week after the company unveiled a new fast-charging technology.
WHAT TO WATCH:
--MARGIN: BYD's margin has been strong, given its robust sales and economies of scale. Investors will look at its fourth-quarter gross profit margin to evaluate its cost control and profitability.
--AUTONOMOUS-DRIVING TECH: BYD in February made its advanced driving-assistance system available for its low-price mass-market models, taking the battle in China's EV market to a new front: self-driving technology. Investors will be looking for updates about its artificial-intelligence powered autonomous-driving tech.
Write to Jiahui Huang at jiahui.huang@wsj.com
(END) Dow Jones Newswires
March 23, 2025 22:58 ET (02:58 GMT)
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