Rakuten on January 29
BYD Co., Ltd. 002594, abbreviation: BYD) today released a performance forecast, which is expected to have a net profit of 29 billion yuan to 31 billion yuan in 2023, an increase of 74% from 16.6 billion yuan in the same period last year46% to 8649%。
BYD expects a net profit of 27.4 billion yuan to 29.7 billion yuan in 2023, up from 156 percent in the same period last year3.8 billion yuan, an increase of 7522% to 8992%。
BYD said that the new energy vehicle industry will continue to maintain a rapid growth trend in 2023, and the company's new energy vehicle sales will hit a record high, further consolidating its position as the world's No. 1 new energy vehicle sales. Despite the fiercer competition in the industry, the company has achieved significant improvement in profitability and demonstrated strong resilience by virtue of the continuous improvement of brand power, the rapid growth of overseas sales, the continuous expansion of scale advantages and the strong cost control ability of the industrial chain.
In addition, in terms of mobile phone parts and assembly business, benefiting from the increase in the business share of overseas key customers, the recovery of Android customer demand, and the rapid growth of new energy vehicles and new smart products, the capacity utilization rate has increased significantly, the business structure has been further optimized, and the profitability has improved significantly, resulting in a substantial increase in profitability.
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