Coverage / SHE:002594 / Trade Card

SHE:002594

BYD Ord Shs A

SPECULATIVE BUY 2026-08-09 Data 34 days old CNY 90.04 Consumer Cyclical - Auto ManufacturersREDUCE ZONE
ACTIONABLEMethodology gates passed
49

Position levels

Currenttoday
CNY 90.04
Buy <=wait / entry
CNY 81.33
Trim >=take some off
CNY 88.00
Thesis breakBYD posts a second consecutive quarter of negative year-on-year volume growth an...
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Scenario-weighted conviction

ProbabilityScoreContribution
Bull case16%100 / 10016.0
Base case48%62 / 10029.8
Bear case36%10 / 1003.6
Weighted conviction49 / 100 - SPECULATIVE BUY

Top risks

  • Q1 net profit attributable to shareholders down 55.38% YoY to RMB 4.085 billion
  • YTD NEV sales down 10.54% YoY to 2,227,722 units
  • Q1 operating revenue down 11.82% YoY with operating cash flow down 67.48%
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Research is for informational purposes only. Not financial advice. All analysis reflects the date of publication.