Caitong Securities: First to give BYD Electronics (00285.HK) a "buy" rating, rapid growth of new energy vehicle business.

According to the financial news app Zhuque Finance, Caitong Securities has released a research report stating that it is initiating coverage on BYD Electronic (00285.HK) for the first time with a "buy" rating. Due to the rapid growth of the company's new energy vehicle business, it is expected that the company will achieve operating income of 189.5/208.2/228.2 billion yuan and adjusted net profit attributable to shareholders of 5.296/6.140/7.749 billion yuan in the years 2025-2027.