Chinese electric vehicle manufacturer BYD achieved revenue of 117.08 billion yuan in the third quarter of 2022 (RMB, the same below, about 22.9 billion yuan), an increase of 115.6%year -on -year.100 million yuan, an increase of 350.3%year -on -year, realizing a non -net profit of 5.34 billion yuan, a year -on -year increase of 930.5%.
According to Caixin.com, BYD released the third quarter financial report on Friday (October 28) to disclose the above data.
The sales of new energy vehicles with high -speed growth support BYD's strong performance.In 2022, BYD's sales continued to grow in 2021. In the first three quarters, passenger car sales reached 1.185 million units, an increase of more than 160%year -on -year.EssenceThe company's cumulative sales in the first three quarters also surpassed Tesla's 909,000 vehicles, ranking first in the world's new energy vehicle companies.
However, the average price of BYD's automobile products is much lower than Tesla. The company's net profit in the first three quarters was 9.31 billion yuan (S $ 1.818 billion), while Tesla's net profit in the same period was 8.87 billionThere is still a huge gap in the US dollar (about 1.2561 billion yuan).
The volume has improved the scale effect, diluted the cost of R & D, sales, and improved the profitability of bicycle.According to the calculations of Guojin Securities and Soochow Securities, BYD's bicycle profit in the third quarter of 2022 reached 9,000 to 10,000 yuan, and the annual bicycle profit was expected to be 7,000 yuan.Since the fourth quarter of 2021, with the listing of high -priced models, BYD's cycling profit has continued to increase, from less than 2000 yuan to nearly 10,000 yuan.
It is reported that BYD has consolidated its position in the passenger car market in China and put more and more attention overseas.Since July 2022, BYD has successively announced that it has entered the passenger car market in Japan, Germany, Norway, Denmark, Sweden, India and other countries. It also announced in October to build a vehicle manufacturing plant in Thailand.
A person familiar with BYD told Caixin.com that 80%of BYD's overseas business is concentrated in Europe and Asia -Pacific regions. The next planning is in South America., Operating situation, adjust the strategy.BYD's previous overseas business is mainly commercial vehicles. The track to switch to passenger cars requires "stability".In addition, there are differences in different countries in terms of charging infrastructure, government policy, and consumer attitude. BYD will continue to explore countermeasures to enter the new market.
