On January 29, BYD Co., Ltd. released its 2023 annual performance forecast. According to the announcement, BYD's net profit attributable to shareholders of listed companies for the full year of 2023 is expected to be between RMB 29 billion and RMB 31 billion, an increase of 74% from the same period last year46% to 8649%, net profit after deducting non-recurring gains and losses is expected to be RMB27.4 billion to RMB29.7 billion, up 75.7% year-on-year22% to 8992%, basic earnings per share is expected to be RMB9$98 shares to $10$67 shares.
2024 Travel Guide BYD said that the performance growth was mainly due to the continuous and rapid growth of the new energy vehicle industry, and the sales of new energy vehicles reached a new high, further consolidating its leading position in the global new energy vehicle market. Despite the fierce competition in the industry, BYD has achieved a significant improvement in profitability in the fierce market competition by virtue of its own brand power, competitiveness, scale advantage and strong industrial chain cost control ability.
BYD also said that in the future, it will continue to increase R&D investment in the field of new energy vehicles, actively lay out the upstream and downstream of the industrial chain, strengthen the independent research and development and innovation of core technologies, and further enhance the company's leading edge and competitiveness in the field of new energy vehicles. In addition, BYD will continue to promote the promotion and application of new energy public transportation to help the sustainable development of the city and green travel.