SEHK:1211Auto
BYD Profit Pressure Meets Great Tang SUV Pre Order Surge
BYD (SEHK:1211) reported a significant year on year decline in first quarter profit.
The company disclosed a substantial rise in short term financing activity over the same period.
BYD launched its new Great Tang flagship SUV, which received more than 30,000 pre orders within 24 hours.
For investors watching BYD at HK$108.3 per share, the combination of weaker Q1 profitability and heavier short term financing points to pressure on its core electric vehicle operations. The stock is down...