比亚迪电子：Auto+AI to drive earnings growth-20250402

BYD Electronic | 285.HK Expect more project wins from US client; Increasing generative AI smartphone penetration supports replacement demand BYDE's assembly service revenue grew 26% Yoy in FY24, while components revenue soared 1.6x Yoy to ~RMB35.6bn, thanks to newly acquired Jabil business (hence share gain in US client) and resilient demand for Android flagships. After having acquired Jabil Singapore (include Chengdu and Wuxi manufacturing sites), BYDE targets to engage more in US clients' flagship project ...