Jiwei Network news, BYD disclosed a quarterly report on the evening of April 27, the first quarter achieved operating income of 66.825 billion yuan, an increase of 63.02% year-on-year; net profit of 808 million yuan, an increase of 240.59% year-on-year; basic earnings per share of 0.28 yuan.
Behind the growth of BYD's performance is closely related to the steady increase in its sales. On April 26, according to the statistical analysis of the China Association of Automobile Manufacturers, in the first quarter of 2022, the top ten enterprises (groups) in terms of automobile sales sold a total of 5.586 million units, accounting for 85.8% of the total automobile sales. Among them, BYD's sales growth rate is the most obvious year-on-year, GAC and Chery also show rapid growth, SAIC, Dongfeng and Changan growth rate is slightly lower, and other companies have declined.
In terms of the new energy vehicle market, affected by the price increase, the order performance before the price increase is hot, and the overall order is sufficient. Overall, although the domestic epidemic still has local sporadic cases, especially in megacities such as Shenzhen and Shanghai, the relatively mild epidemic prevention measures in most areas at that time had no obvious impact on residents' travel and car purchase consumption, which promoted the sales of new energy vehicles.
It is worth mentioning that in order to further activate the company's technological innovation ability, maintain the competitive advantage of the industry, and promote the company's long-term sustainable development, BYD intends to implement the repurchase of shares for the employee stock ownership plan, continue to improve the long-term incentive and constraint mechanism of mutual benefit and win-win results, and effectively combine the interests of shareholders, the interests of the company and the core team and individual interests.
(Proofreading/Andy)