BYD: Net profit is expected to increase by 120.16~141.64% year-on-year in the first three quarters, continuing to lead global new energy vehicle sales

BYD Co., Ltd. released its performance forecast for the first three quarters of 2023 tonight.

BYD expects profits in the first three quarters to be 20.5 billion-22.5 billion yuan, a year-on-year increase of 120.16%-141.64%; of which the third quarter forecast Profit was 9.546 billion-11.546 billion yuan, a year-on-year increase of 67.00%-101.99%

BYD stated that by the third quarter of 2023, the new energy vehicle industry will continue to maintain a good growth momentum. The company's new energy vehicle sales will continue to hit record highs and remain at the top of global new energy vehicle sales

According to BYD Electronics' announcement, in 2023 Profit attributable to shareholders in the first three quarters is expected to be between 2.836 billion and 3.116 billion, a year-on-year increase of 129.29% to 151.93%

##2021 In September 2020, BYD’s sales of new energy vehicles reached 287,454 units, an increase of 42.8% compared with 201,259 units in the same period last year. The production volume in September was 279,848 units, an increase of approximately 36.6% compared to the 204,893 units in the same period last year. BYD’s pure electric vehicle sales in September reached 151,193 units, an increase of approximately 59.2% compared to the 94,941 units in the same period last year. %; sales of plug-in hybrid models reached 135,710 units, a year-on-year increase of approximately 28%. In terms of models, a total of 273,747 units of the Dynasty and Ocean series were sold, and 13,156 units were sold by Denza. According to the query results of this site, BYD achieved operating income of 260.124 billion yuan in the first half of this year, a year-on-year increase increased by 72.72%; net profit attributable to the parent company was 10.954 billion yuan, a year-on-year increase of 204.68%; basic earnings per share was 3.77 yuan

According to reports, BYD performed strongly in the new energy passenger vehicle market, with sales in the first half of the year Significant growth, nearly doubled year-on-year, firmly ranking first in passenger car sales among Chinese car companies

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