Earnings Preview
BYD previews Q1 net income to rise as much as 118.88% year-on-year
BYD said it expects net income in the first quarter to be between RMB 8.5 billion and RMB 10 billion, a year-on-year increase of 86.04 percent to 118.88 percent.
Chinese battery maker CALB previews doubling net income in 2024
CALB expects its net income to rise about 80 percent to 100 percent in 2024 from 2023 on the back of growth in business scale and lower costs.
CATL previews net income growth of up to 20% to RMB 53 billion in 2024
- CATL's net income in the fourth quarter is expected to be a record RMB 17 billion, an increase of 31.01 percent year-on-year and up 29.41 percent from the third quarter.
- CATL expects 2024 revenues to decline by 11.20 percent to 8.71 percent due to price reductions of its products in line with the decline in raw materials.
Great Wall Motor previews net income growth of about 80% in 2024
Great Wall Motor's net income in 2024 is expected to range from RMB 12.4 billion ($1.7 billion) to RMB 13.0 billion, an increase of 76.60 percent to 85.14 percent from 2023.
Leapmotor sees net income turn positive in Q4 on strong deliveries and cost control
Leapmotor attributes this to continued volume growth, product mix optimization, cost control and operational efficiency.
Nio Q2 2024 earnings: Here's what Wall Street is expecting
Wall Street expects Nio's revenue to be RMB 17.385 billion in the second quarter, exceeding the upper end of the EV maker's guidance range as deliveries unexpectedly beat guidance.
Nio earnings preview: Here's what to watch for Q4 2023 report
Focus will mostly be on the gross margin, and Nio management's guidance for first-quarter deliveries are expected to be weak.
Nio needs to sort out its strategic direction to turn profitable in foreseeable future, analysts say
Nio still needs to get its strategic direction sorted out before it can expect to turn profitable in the foreseeable future, particularly for its second brand, Alps, analysts at CMB International said.
Chinese lithium producers expect net profit to plunge in 2023 on falling lithium prices
Lithium producers including Ganfeng and Tianqi expect their net profits in 2023 to be much lower than in 2022, with the common reason being a sharp drop in lithium prices.
CATL expects profit growth of up to 48% in 2023
The earnings preview implies CATL returned to net profit growth in the fourth quarter, after seeing a sequential decline in the third quarter.
