By Jiahui Huang

BYD is scheduled to report results for the first quarter on Friday. Here is what you need to know:

NET PROFIT: BYD is likely to post first-quarter net profit of 7.72 billion yuan, equivalent to $1.06 billion, according to an analysts' consensus estimate from a Visible Alpha poll. That compares with profit of 4.57 billion yuan a year earlier.

REVENUE FORECAST: The Chinese automaker's revenue likely rose 52% to 189.64 billion yuan, Visible Alpha data showed.

BYD's Hong Kong-listed shares rose 47% in the first quarter, thanks to its release of "God's Eye" driving assistance program, which supported sales during the period.

WHAT TO WATCH:

-- MARGIN: BYD released its preliminary results for 1Q in early April, so investors are not expecting any major surprises. The automaker's margin will be in focus, to evaluate its cost control and profitability amid intense competition in China's EV market.

-- NET PROFIT PER CAR: BYD should post a solid improvement in profitability in 1Q, Nomura analysts wrote in a recent note. The brokerage forecasts net profit per vehicle at around 8,500 yuan, thanks to a larger business scale, less aggressive price cuts and improved contributions from overseas markets, they said.

Write to Jiahui Huang at jiahui.huang@wsj.com

(END) Dow Jones Newswires

April 24, 2025 03:08 ET (07:08 GMT)

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