Tramway news: On April 27, BYD disclosed the first quarter report of 2022, and the company achieved operating income of 66.825 billion yuan in the first quarter, an increase of 63.02% year-on-year, and a net profit attributable to the mother of 808 million yuan, an increase of 240.59% year-on-year.
For performance growth, BYD once said in the performance forecast that in the first quarter of 2022, the new energy automobile industry as a whole continued the momentum of rapid growth, the company's new energy vehicle sales hit a record high, the market share continued to climb, achieved rapid growth year-on-year, led to a significant improvement in profitability, and to a certain extent hedged the profit pressure brought about by the rise in upstream raw material prices.
In addition, according to a quarterly report, bydir's current profit and loss of government subsidies, mainly related to automobiles, government subsidies of 193 million yuan.
In addition, BYD's R&D expenses were 2.361 billion yuan, an increase of 93.94% year-on-year.
In recent years, BYD has focused on new energy vehicles, and has continued to exert efforts on the two technical routes of DM plug-in hybrid and EV pure electricity, and its market share has been expanding.
According to the data, the sales of all new energy vehicles in March reached 105,000 units, up 333.1% year-on-year; the cumulative sales in the first quarter exceeded 286,000 units, an increase of 423.0% year-on-year. Among them, as of March, the cumulative sales of the BYDHan family have exceeded 190,000 vehicles; in March, DM plug-in and mixed sales of 50,674 vehicles, an increase of 615.2% year-on-year.
It is worth noting that BYD Automobile has officially announced on April 3 that it will stop the production of fuel vehicles from March 2022.
In addition to the factors of sales growth, BYD has also released some cost pressure through price increases, improving profitability.
Since entering 2022, BYD has officially announced two rounds of price increases. On January 22, BYD issued an announcement announcing that the price of its new energy models was officially increased by 1,000-7,000 yuan, which officially took effect on February 1; on March 15, BYD issued another announcement that due to the continuous sharp rise in raw material prices, the price of its new energy passenger cars increased by 3,000-6,000 yuan, which took effect on March 16.