Shulou(Shulou.com)11/24 Report--

Thank you CTOnews.com netizens for your random clues delivery! According to CTOnews.com news on October 17, BYD Co., Ltd. today released a forecast on the Hong Kong Stock Exchange for the first three quarters of 2022, with an estimated net profit of 9.1 billion yuan to 9.5 billion yuan in the first three quarters, an increase of 272.48% to 288.85% over the same period last year. It is estimated that the net profit of returning home in the third quarter is 5.505 billion yuan to 5.905 billion yuan, an increase of 333.60% to 365.11% over the same period last year.

BYD said that in the third quarter of 2022, despite the complex and severe economic situation, the spread of the epidemic, extremely hot weather and high commodity prices and other adverse factors, the new energy vehicle industry continued to accelerate upward.

BYD shares said that the group's new energy vehicle sales maintained strong growth, continued to hit an all-time high, the market share was far ahead and continued to strengthen, achieving substantial growth compared with the same period last year and month-on-month, driving a substantial improvement in profitability, effectively alleviating the profit pressure brought about by rising prices of upstream raw materials.

In addition, BYD shares revealed that demand in the consumer electronics industry remained weak in terms of mobile phone components and assembly business, but the Group benefited from improved cost control capabilities and product restructuring, resulting in improved profitability.

CTOnews.com learned that BYD had previously announced on the Hong Kong Stock Exchange the production and sales of KuaiBao in September 2022, with sales of 201259 new energy vehicles in September and 71099 last year, a cumulative increase of 249.56 per cent compared with the same period last year. The output of new energy vehicles reached 204893 in September, compared with 71115 in the same period last year, a cumulative increase of 248.74 percent over the same period last year.

BYD estimates wholesale sales of more than 200000 vehicles in September, ranking first, according to data from the Federation of passengers.

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