BYD earns 1.21 million per minute and 100 million a day! The world's largest pure electric vehicle company is also changing hands

BYD has handed over the best financial report in history!

Sell 6 cars in one minute, earn 1.208 million, and have a small goal a day: earn 113 million a day...

Not to mention that the gross profit margin has already surpassed Tesla, and even the gap between pure electric sales and Tesla's global sales is less than 4,000 units.

Sure enough, only BYD itself can surpass BYD.

How did BYD's third-quarter earnings report perform

The first is operating income.

BYD's total revenue in the third quarter reached 162.151 billion yuan, a year-on-year increase of 38.49%, and it was also the fourth quarter of last year that the revenue exceeded 150 billion again.

This is equivalent to BYD's ability to earn 1.2076 million in one minute in this quarter.

The reason for the record revenue is obvious: BYD sold crazy again in the third quarter.

The total sales volume in the third quarter reached 824,000, an increase of 52.96% year-on-year and 17.12% quarter-on-quarter.

Among them, the sales of passenger cars reached 822,000, an increase of 17.4% month-on-month, the sales of pure electric models reached 431,600, and the sales of plug-in hybrid models reached 390,500.

BYD's net profit in the third quarter hit a new high, with a net profit attributable to the parent company of 10.413 billion, a year-on-year increase of 82.16%.

The profit performance in a single quarter has approached 10.954 billion yuan in the first half of this year, which is equivalent to earning 113 million yuan a day.

As a result of the increase in revenue and profit, the total revenue in the first three quarters was 422.275 billion, close to the whole year of last year, and the cumulative net profit reached 22.326 billion, which has already exceeded the performance of the whole year of 2022.

And, although no detailed quarterly data was disclosed, BYD's R&D investment continued to increase.

The cumulative R&D expenses in the first three quarters have reached 24.938 billion yuan, a year-on-year increase of 129%.

R&D investment exceeding net profit in the same period has become BYD's basic operation.

How to interpret it

There is no doubt that BYD's position in the domestic auto market is solid, after all, the snowball effect of sales has long been formed.

In the most important market of 100,000-200,000 passenger cars, BYD occupies the absolute right to speak.

Plug and mix Qin PLUS DM-i, Song PLUS DM-i; Pure electric Youyuan PLUS and Dolphin dominate the top three sales of new energy SUVs and sedans all year round.

In a market of more than 200,000 yuan, the Han family has sold more than 10,000 for 6 consecutive months; In addition, DENZA has made steady efforts, with sales exceeding 10,000 for 7 consecutive months.

And thanks to its excellent core technology and strong supply chain vertical integration capabilities, BYD sells more and more, and at the same time, the more it sells, the more it can make money.

Although the specific gross profit margin was not disclosed, some media calculated that BYD's gross profit margin reached 22.12% in the third quarter, far exceeding Tesla's 17.9%.

BYD is no longer the Dizi with low profits and no money.

From the perspective of BYD's planning, the last quarter of this year will also usher in a key node.

The first is the first model to enter the high-end market - Yangwang is about to be delivered. However, judging from the current situation, looking up looks relatively stable.

With a price of 1,098,000 units, it is said that the order volume has exceeded 30,000 units. The total conversion into sales is 32.94 billion.

The second card to enter the high-end market is also poised to be launched, and the Formula Leopard, which is expected to be priced in the range of 30-400,000 yuan, will also be launched this year and enter the hard-core off-road market.

In addition, under the condition that BYD mainly relies on the Chinese market, its sales in the first quarter surpassed that of North and South Volkswagen and won the championship of China's passenger car sales; In the first half of the year, sales surpassed Mercedes-Benz and BMW, entering the top 10 in the world for the first time.

At the same time, although the DM plug-in hybrid model has helped BYD become the new energy sales champion, since the second quarter, BYD's pure electric vehicle sales have surpassed, and the sales volume in the third quarter has further increased to 431603 units, compared with Tesla's global sales, the gap is only 3,456 units.

BYD's performance in the final quarter is also related to whether the world's largest electric car manufacturer will change hands.

However, BYD has become the leader of new energy vehicle companies, and China's new energy market is booming, and it is difficult to clarify who has achieved whom.

But at least one thing is clear:

The development of new energy vehicles in the world looks at China, and the development of new energy vehicles in China looks at BYD.

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