报告中称，虽然比亚迪毛利率较预期高，但受到经营开支增加所抵销。展望未来，预计比亚迪在今年余下时间内将会持续推出新车型，进一步推动销量增长，预计第四季销量将按季增长12%至126.7万辆，毛利率将稳定在21.4%。Byd Company Limited (01211) third-quarter revenue meets expectations.
According to the Securities Times APP, Goldman Sachs released a research report stating that it maintains a 'buy' rating on Byd Company Limited (01211), with an H-share target price of 359 Hong Kong dollars unchanged.
The company's third-quarter revenue meets expectations, with net income exceeding market expectations by 11%. With the increase in sales volume, the gross margin has expanded by 3.2 percentage points per quarter, achieving economies of scale.
The report states that although Byd Company Limited's gross margin is higher than expected, it is offset by increased operating expenses. Looking ahead, it is expected that Byd Company Limited will continue to introduce new models for the rest of this year, further driving sales growth. It is forecasted that sales in the fourth quarter will increase by 12% to 1.267 million vehicles, with the gross margin stabilizing at 21.4%.
