BYD Cheng China can make money most car companies

The total revenue of the five -headed car companies in China in the third quarter of this year was nearly 490 billion yuan (RMB, the same below, about S $ 92.7 billion), of which BYD became the most profitable listed car company.

According to surging news reports, as of October 30, SAIC Group, GAC Group, BYD, Changan Automobile, and Great Wall Motors have disclosed the financial report in the third quarter.

The financial report shows that the total revenue of the five heads of car companies in the third quarter was 487.253 billion yuan, of which SAIC Group ranked the first largest car company for its revenue for 196.787 billion yuan;A total of 22.143 billion yuan was made, of which BYD accounted for nearly half of the net profit and became China's most profitable listed car company.

BYD achieved revenue of 16.2151 billion yuan in the third quarter, an increase of 38.49%year -on -year; the net profit attributable to shareholders of listed companies in the third quarter was 10.413 billion yuan, an increase of 82.16%year -on -year, with an average daily earning of 113 million yuan.

BYD achieved cumulative operating income of 422.275 billion yuan in the first three quarters, an increase of 57.75%year -on -year; the net profit attributable to the mother was 21.367 billion yuan, an increase of 129.47%year -on -year.) 78 million yuan.

In terms of overseas markets, BYD also continues to work.From January to September this year, BYD overseas sold over 145,500 new energy vehicles, far exceeding 55,900 vehicles last year.

According to the British Financial Times, compared with the revenue of Chinese car companies such as BYD, the net profit of the US electric vehicle giant Tesla in the third quarter fell 44%year -on -year to 1.853 billion US dollars (about 25.34S $ 100 million), total revenue of US $ 23.35 billion, a growth rate of 9%, the minimum increase in three years.

At the same time, due to the serious dragging on the price war, Tesla's gross profit margin in the third quarter decreased by 7.2 percentage points year -on -year, only 17.9%, which was a low point in more than four years.

Since the beginning of this year, China's new energy vehicles have set off a price war, and major brands have successively reduced their prices to seize the market.market share.