BYD (HKG:1211, SHE:002594) forecasts its first-quarter profit to surge 86% to 119% to between 8.50 billion yuan and 10.5 billion yuan in the first quarter from 4.57 billion yuan in the year-ago period.
Basic earnings per share are seen to jump to between 2.91 yuan and 3.42 yuan from 1.57 yuan in the year-ago period, accroing to a Tuesday filing with the Hong Kong bourse.
The forseen growth is attributable to record-high new electric vehicle sales in the first quarter, as well as "substantial" international NEV sales, the filing said.
BYD's Hong Kong shares rose 4% while its Shenzhen shares jumped 2% during Tuesday afternoon trade.
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