BYD released its 2022 annual report, its 2022 revenue of 424.061 billion yuan, an increase of 96.20% year-on-year; attributable net profit of 16.622 billion yuan, an increase of 445.86%; attributable net profit after deductions of 15.638 billion yuan, an increase of 1146.42%. Net profit margin of 3.75%, ahead of the overall level of the automotive industry. It is estimated that BYD will earn about 45 million yuan per day in 2022.
BYD’s 2022 revenue in the automotive, automotive-related products and other products business is about 324.691 billion yuan, up 151.78% year-on-year, accounting for 76.57% of total revenue. 2021, the 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 from research institutions.
BYD said that the new energy vehicle market will be in short supply in 2022, but come 2023, the lack of capacity and shortage of materials have improved significantly and will enter the elimination race.
January-February this year, the total market plate decreased year-on-year, but the new energy increased year-on-year, and the company contributed to which the main increment, the market share further increased. BYD proposed that in the current market environment, the most necessary is “fast”, “fast fish eat slow fish” than “big fish eat small fish” more appropriate, so the car company must be speed first.
About “BYD Electronics domestic and overseas production and production capacity planning goals”, the company said, overseas customers mainly in the field of consumer electronics and intelligent products, with overseas customers to do global services including research and development, manufacturing, technical services and after-sales service. Overseas bases are put into production one after another, now the scale of the proportion is not large, but with the development of each business, overseas layout behind will become larger.
And for BYD Electronics and Nvidia’s cooperation is specifically what, how the planning? The company said that the previous cooperation with Nvidia in the game graphics card business, and now the company will also cooperate with its business in the field of servers and intelligent driving. At present, it is mainly foundry, accounting for a small proportion of the overall business, but the value of the subsequent business is relatively high, and the proportion of these businesses will also increase in the future.
