BOCI International's report stated that BYD's total revenue in the second quarter increased by 25.9% year-on-year. Due to improved control of operating expenses and an increase in other income, net profit increased by 32.8% year-on-year. In the second half of the year, the bank expects further launches of new car models and the release of capacity bottlenecks in DM5.0 to potentially drive September sales to exceed 400,000 units. At the same time, it is expected that the profit per car will further improve from 8,500 yuan in the second quarter. The bank maintains its 'buy' rating on BYD, raising the target price from 245 Hong Kong dollars to 265 Hong Kong dollars.
大行评级｜中银国际：上调比亚迪目标价至265港元 维持“买入”评级
Bank rating | CITIC Securities International: Raises BYD's target price to HKD 265, maintains "buy" rating.
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