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The net profit of BYD Q3 is 5.716 billion yuan, an increase of 350.26% over the same period last year, and the market share of new energy vehicles is far ahead.

Shulou Source: shulou.com Published: 2023-11-24 11:25:25 10月29日 Update

CTOnews.com October 28 news, BYD shares now release the latest financial results: third-quarter net profit of 5.716 billion yuan, an increase of 350.26% over the same period last year.

Revenue in the first three quarters of 2022 was 267.688 billion yuan, an increase of 84.37 percent over the same period last year, mainly due to the increase in the business of new energy vehicles, while the net profit was 9.311 billion yuan, an increase of 281.13 percent over the same period last year. Of this total, the revenue in the third quarter was 117.081 billion yuan, an increase of 115.59% over the same period last year, and the net profit of returning home was 5.716 billion yuan, an increase of 350.26% over the same period last year.

In the first three quarters of this year, net profit attributable to shareholders of listed companies was 9.1 billion yuan to 9.5 billion yuan, up 272.48% from the same period last year to 288.85%. Basic income per share was 3.13 yuan ╱ shares to 3.27 yuan ╱ shares.

BYD said that in the third quarter of this year, despite the complex and severe economic situation, the spread of the epidemic, extremely hot weather and high commodity prices and other adverse factors, the new energy vehicle industry continued to accelerate upward. The group's sales of new energy vehicles maintained strong growth, continued to hit a record high, the market share was far ahead and continued to strengthen, achieving substantial growth over the same period last year and month-on-month, promoting a substantial improvement in profitability, effectively alleviating the profit pressure brought about by rising prices of upstream raw materials.

In terms of mobile phone components and assembly business, demand in the consumer electronics industry remains weak, but the Group's profitability has improved thanks to improved cost control capabilities and product restructuring.