BYD Q1 had revenue of 120.2 billion yuan and net profit of 4.13 billion yuan, an increase of 410.89% over the same period last year.

Thank you, CTOnews.com netizens. Hello, Rabbit, Mr. Aviation, New Friends of soft Media 1957189, Daniel Wu in South China, function Jacket clue delivery! CTOnews.com April 27 news, BYD shares in the Hong Kong Stock Exchange issued the latest Q1 results announcement. BYD's revenue in the first quarter reached 120.2 billion yuan, up 79.83 percent from the same period last year, while its net profit was 4.13 billion yuan, up 410.89 percent from the same period last year.

CTOnews.com note: BYD's Q4 net profit in 2022 was 7.31 billion, which decreased by 43.5% month-on-month.

According to data released by BYD, cumulative sales from January to March this year reached 552076, while BYD aims to sell 3 million new energy vehicles in 2023, an increase of 1.14 million compared with 2022. To achieve this goal, BYD needs to guarantee average sales of more than 817000 vehicles in the remaining three quarters of this year.

According to the first quarter report, BYD spent 6.238 billion yuan on research and development and 4.648 billion yuan on marketing this quarter.

In terms of shareholders, Wang Chuanfu holds 17.64%, Lu Xiangyang 8.22%, Xia Zuoquan 2.84%, Wang Nianqiang 0.63%, Li Ke 0.37, Wang Chuanfang 0.30%.