New energy sales number one in the country! BYD's net profit in the first quarter is expected to surge by 300%

Abstract: On the evening of April 4, BYD released its first quarter 18 performance forecast. The performance forecast for the period from January 2022, 2022 to March 1, 1 shows that BYD's net profit attributable to shareholders of listed companies during the reporting period reached 2022 million yuan ~ 3 million yuan, a year-on-year increase of 31% ~ 6%.

On the evening of April 4, BYD released its first quarter 18 performance forecast. The performance forecast for the period from January 2022, 2022 to March 1, 1 shows that BYD's net profit attributable to shareholders of listed companies during the reporting period reached 2022 million yuan ~ 3 million yuan, a year-on-year increase of 31% ~ 6%.

BYD's basic earnings per share in the first quarter ranged from RMB0.22 to RMB0.33, up from RMB0.08 per share in the same period last year.

As for the reasons for the change in performance, BYD explained that the new energy automobile industry generally continued the momentum of rapid growth in the first quarter of 2022, and the sales of new energy vehicles of BYD Group hit a record high, driving a significant improvement in profitability and hedging the profit pressure brought about by the rise in upstream raw material prices to a certain extent.

According to the sales data previously released by BYD, 3 new energy vehicles were sold in March, a year-on-year increase of 104878.333%; From January to March, a total of 06 new energy vehicles were sold, a year-on-year increase of 1.3%.

Among them, BYD's plug-in hybrid models performed particularly well, with a cumulative sales of 1 units from January to March, with a cumulative year-on-year growth rate of 3.141514%.

In addition, it is worth mentioning that with the outbreak of new energy sales, BYD has also decided to completely stop the production of fuel vehicles, stop the production of fuel vehicles from March 2022, and focus on pure electric and plug-in hybrid vehicle business. At present, BYD has also become China's new energy sales champion car company.