BYD Third Quarter 2024 Earnings: EPS: CN¥4.00 (vs CN¥3.58 in 3Q 2023)

BYD (HKG:1211) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥201.1b (up 24% from 3Q 2023).
• Net income: CN¥11.6b (up 12% from 3Q 2023).
• Profit margin: 5.8% (down from 6.4% in 3Q 2023). The decrease in margin was driven by higher expenses.
• EPS: CN¥4.00 (up from CN¥3.58 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

BYD Earnings Insights

Looking ahead, revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Auto industry in Hong Kong.

Performance of the Hong Kong Auto industry.

The company's shares are down 1.5% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. We have a graphic representation of BYD's balance sheet and an in-depth analysis of the company's financial position.

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