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【1211】BYD's stock price opened more than 4% lower and then rebounded. Reports indicate that BYD is confident that this year's export volume will reach 1.5 million units, exceeding the previous target by 15%.
BYD (01211)
The stock price opened 4.6% lower after earnings, but later rebounded by as much as 1.4%, reaching a high of 108 yuan. Bloomberg reported that insiders revealed BYD hinted to analysts that this year’s export volume may exceed the previous target by 15%.
The report quoted insiders stating that during an analyst briefing, BYD’s management expressed confidence in achieving an export volume of 1.5 million vehicles by 2026, a figure higher than the 1.3 million target BYD disclosed in January this year.
BYD’s revenue last year was 803.96 billion yuan (RMB), an annual increase of 3%, of which 310.7 billion yuan was from overseas sales, with a net profit of 32.62 billion yuan, down 19% year-on-year.
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