On April 8, BYD (002594) released its financial forecast, projecting a net profit for the first quarter of 2025 to range between RMB 8.5 billion and RMB 10 billion, marking a year-on-year increase of 86.04% to 118.88%. This translates to a daily earnings of approximately RMB 100 million. Basic earnings per share are expected to be between RMB 2.91 and RMB 3.42.

BYD Announcement Screenshot

Addressing the reasons behind this robust performance, BYD attributed it to the sustained strong growth momentum in the new energy vehicle industry during the first quarter of 2025. The company achieved record-high sales of new energy vehicles for the period, with overseas sales witnessing a leapfrog growth, further solidifying its position as the world's leading new energy vehicle seller. Additionally, BYD leveraged its expanding scale effect and vertically integrated strategic layout to significantly enhance the profitability of its business.

According to previously disclosed data, BYD sold a total of 1.0008 million new energy vehicles in the first quarter of 2025, representing a year-on-year increase of 59.81%. Notably, overseas sales of new energy vehicles amounted to 206,100 units, up approximately 110% year-on-year, accounting for 20.59% of the total sales volume.

Moreover, BYD's total installed capacity of new energy vehicle power batteries and energy storage batteries reached approximately 52.553GWh in the first quarter.