BYD's Profit Rose Despite Price Cuts

By Jiahui Huang BYD posted higher quarterly profit as a rise in sales of its popular electric vehicles helped offset the effects of an intensifying price war in China. The Warren Buffett-backed auto

WSJ07:08 ET

BYD's Net Profit in Q1 Down 47% From Q4 as Sales Decline

BYD reported net profit of RMB 4.57 billion in the first quarter, up 10.62 percent year-on-year, but down 47.33 percent from the fourth quarter of 2023.

CnEVPost07:01 ET

The net profit of BYD shares (01211.HK) increased 10.62% in the first quarter to 4.569 billion yuan, R&D expenses increased 70.10%

Gelonghui, April 29 | BYD Co., Ltd. (01211.HK) announced that in the first quarter of 2024, the company's revenue was 124.94 billion yuan, up 3.97% year on year; net profit attributable to shareholders of listed companies was 4.569 billion yuan, up 10.62% year on year; net profit attributable to shareholders of listed companies after deducting non-recurring profit and loss was 3.752 billion yuan, up 5.24% year on year; basic earnings per share were 1.57 yuan/share. In addition, research and development expenses during the period amounted to 10.61 billion yuan, an increase of 70.10% over the previous year.

Gelonghui Finance06:55 ET

BYD 1Q Rev CNY124.94B Vs. CNY120.17B >1211.HK

BYD 1Q Rev CNY124.94B Vs. CNY120.17B >1211.HK

Dow Jones06:53 ET

BYD 1Q Net CNY4.57B Vs. Net CNY4.13B > 1211.HK

BYD 1Q Net CNY4.57B Vs. Net CNY4.13B > 1211.HK

Dow Jones06:53 ET

Profit attributable to equity owners of the parent company of BYD Electronics (00285.HK) increased 33.01% year-on-year to 610 million yuan in the first quarter

Gelonghui, April 29丨BYD Electronics (00285.HK) announced that for the three months ended March 31, 2024, the company's turnover was 36.48 billion yuan, up 38.31% year on year; profit attributable to parent company equity holders was 610 million yuan, up 33.01% year on year; profit per share was RMB 0.27.

Gelonghui Finance06:47 ET