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

CTOnews.com March 30 news, this week, BYD released its 2022 annual report, with revenue of 424.061 billion yuan in 2022, an increase of 96.20 percent over the same period last year; net profit of 16.622 billion yuan, an increase of 445.86 percent over the same period last year; and net profit of 15.638 billion yuan, an increase of 1146.42 percent over the same period last year. The net profit margin is 3.75%, leading the overall level of the automobile industry. It is estimated that BYD will earn about 45 million yuan a day in 2022.

According to previous reports from CTOnews.com, BYD's revenue from cars, auto-related products and other products was about 324.691 billion yuan in 2022, an increase of 151.78% year-on-year and accounting for 76.57% of total revenue. In 2021, this business accounted for 59.66% of the company's total revenue.

BYD accepted 768 invited investors for research. Wang Chuanfu, Wang Nianqiang, Zhou Yalin and Li Qian participated in the reception and answered questions raised by research institutions.

BYD said that the market for new energy vehicles is in short supply in 2022, but the shortage of production capacity and materials will be greatly improved by 2023 and will enter the knockout stage.

From January to February this year, the total market plate decreased compared with the same period last year, but the new energy increased year-on-year, and the company contributed a major increase, resulting in a further increase in market share. BYD pointed out that in the current market environment, what is most needed is "fast", and "fast fish eat slow fish" is more appropriate than "big fish eat small fish", so automobile companies must put speed first.

With regard to the "BYD Electronics domestic and overseas production situation and capacity planning goals", the company said that overseas customers are mainly in the areas of consumer electronics and smart products, and cooperate with overseas customers to do global services, including R & D, manufacturing, technical services and after-sales service. Overseas bases have been put into production, and now the scale accounts for a small proportion, but with the development of various businesses, the overseas layout will become larger behind.

What is the specific cooperation between BYD Electronics and Nvidia, and what is the plan? The company said it used to work with Nvidia in the game graphics business, and now it will cooperate with its business in servers and smart driving. At present, it is mainly contract manufacturing, which accounts for a small proportion of the whole business, but the value of follow-up business is relatively high, and the proportion of these businesses will increase in the future.

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