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BYD: Q1-3 Net Profit of CNY 21.367 Billion, Up 129.47% YOY

BYD Co., Ltd. released its third quarter report today. Its revenue in the third quarter was 162.151 billion CNY, a year-on-year increase of 38.49%; the net profit attributable to shareholders of listed companies in the third quarter was 10.413 billion CNY, a year-on-year increase of 38.49%. An increase of 82.16%.

In the first three quarters, the company achieved operating income of 422.275 billion CNY, a year-on-year increase of 57.75%; net profit attributable to the parent company was 21.367 billion CNY, a year-on-year increase of 129.47%. The performance table attached is as follows:

BYD Co., Ltd. officially stated that the revenue growth was mainly due to the increase in sales of new energy vehicles.

BYD Electronics’ revenue in the first nine months of this year was 92.14 billion CNY, a year-on-year increase of 29.5%; net profit in the first nine months was 3.04 billion CNY, compared with 1.237 billion CNY in the same period last year, a year-on-year increase of 146.1%.

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Threza Gabriel
Threza Gabrielhttps://www.techgoing.com
Threza Gabriel is a news writer at TechGoing. TechGoing is a global tech media to brings you the latest technology stories, including smartphones, electric vehicles, smart home devices, gaming, wearable gadgets, and all tech trending.

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