社区

[For Hong Kong Investors Only] On April 29th, BYD released 1Q24 financial results, recording a net profit of 4.57 billion Chinese yuan, in line with market expectations. Of particular note is its NEV gross profit margin of 28%, which increased by 7ppts year-on-year and 3ppts quarter-on-quarter, highlighting its strong cost control capabilities amid intensified industry price competition. With the support of the car trade-in policy and the stimulus of new model launches, BYD's car sales volume and profit are expected to continue to grow in the second quarter.

Source: BYD, Citi, as of April 29, 2024.

💡 Learn about Global X China Electric Vehicle and Battery ETF (2845) $GX中国电车(02845)$ and risk disclosure: https://www.globalxetfs.com.hk/zh-hant/funds/china-electric-vehicle-etf/

#ChinaElectricVehicles #ElectricVehicleBatteries #ChinaThematicGrowthETFs #GlobalXETFs #GlobalXETFsHongKong #GlobalX #ETFs #HKETFs #BeyondOrdinaryETFs #BeyondOrdinaryETFs #ETF Investing #ETFInvesting

-

This material is intended for Hong Kong investors only. It is not a solicitation, offer, or recommendation to buy or sell any security or other financial instrument. Investment involves risks. Past performance information presented is not indicative of future performance. Investing in the funds may expose to risks (if applicable) including general investment risk, equity market risk, sector/market concentration risk, active / passive investment management risk, tracking error risk, trading risk, risk in investing financial derivative instruments, securities lending risk, distributions paid out of capital or effectively out of capital risk. Investors should refer to the Fund's prospectus for details, including the risk factors. Issuer: Mirae Asset Global Investments (Hong Kong) Limited. This material has not been reviewed by the Securities and Futures Commission

Mentioning of securities is for the purpose of industry commentary only. Author: Huang Yimin. Author is licensed by the Securities and Futures Commission for Types 1 and 4 regulated activities under the Securities and Futures Ordinance. Author and relevant associate do not hold any interest in mentioned stock.

Copyright © 2024 Mirae Asset Global Investments. All rights reserved.

$比亚迪(002594)$