Bank of America Securities released a report. BYD's revenue for the second quarter increased 30% month-on-month to 1950 billion yuan, and net profit increased 30% year-on-year to 8.2 billion yuan, slightly higher than the bank's expectations. Gross margin was 18.9%, up 2.6 percentage points year on year, and operating profit margin was 5.4%, up 3.9 percentage points year on year. The bank estimates that net profit per vehicle for the second quarter was about 7,200 yuan, up 47% year on year and 24% month on month, benefiting from increased exports and sales contributions from high-end brands. The bank maintained its “buy” rating, and the target price for H shares was raised from HK$123 to HK$124.

Bank of America Securities released a report. BYD's revenue for the second quarter increased 30% month-on-month to 1950 billion yuan, and net profit increased 30% year-on-year to 8.2 billion yuan, slightly higher than the bank's expectations. Gross margin was 18.9%, up 2.6 percentage points year on year, and operating profit margin was 5.4%, up 3.9 percentage points year on year. The bank estimates that net profit per vehicle for the second quarter was about 7,200 yuan, up 47% year on year and 24% month on month, benefiting from increased exports and sales contributions from high-end brands. The bank maintained its “buy” rating, and the target price for H shares was raised from HK$123 to HK$124.