On January 30, BYD released its 2023 annual performance forecast, and it is expected that the net profit attributable to shareholders of listed companies in 2023 will be 29 billion yuan to 31 billion yuan, a year-on-year increase of 74.46%-86.49%.
The announcement notice period is from January 1 to December 31, 2023, and the specific notice information is as follows:
In 2023, the net profit attributable to shareholders of listed companies will be 29 billion yuan to 31 billion yuan, a year-on-year increase of 74.46%-86.49%, and 16.6 billion yuan in the same period last year.
The net profit after deducting non-recurring gains and losses was 27.4 billion yuan to 29.7 billion yuan, an increase of 75.22% to 89.92% over the same period last year, and 15.6 billion yuan in the same period last year.
Basic earnings per share were 9.98 yuan/share to 10.67 yuan/share, compared with 5.71 yuan/share in the same period last year.
BYD said in the announcement that the new energy vehicle industry will continue to maintain a rapid growth trend in 2023, and the company's new energy vehicle sales will hit a record high, further consolidating its leading position as the world's No. 1 new energy vehicle sales. Despite the fiercer competition in the industry, the company has achieved significant improvement in profitability and demonstrated strong resilience by virtue of the continuous improvement of brand power, the rapid growth of overseas sales, the continuous expansion of scale advantages and the strong cost control ability of the industrial chain.
In terms of mobile phone parts and assembly business, benefiting from the increase in the business share of overseas key customers and the recovery of Android customer demand, the rapid growth of new energy vehicles and new smart products, the capacity utilization rate increased significantly, the business structure was further optimized, the profitability was significantly improved, and the profit achieved substantial growth.
In 2023, BYD will not only become the world's first new energy vehicle company with annual sales exceeding the 3 million mark, but also catch up with Tesla in the sales of pure electric passenger cars. Counterpoint Research, a market research agency, released a report saying that in the third quarter of 2023, BYD's pure electric vehicle sales have caught up with Tesla, with both of them accounting for 17% of the market, and BYD Auto's pure electric vehicle sales will surpass Tesla in the fourth quarter of 2023 and become the world's first.
In December 2023, the total installed capacity of BYD's new energy vehicle power batteries and energy storage batteries was about 17.746GWh, and the cumulative installed capacity in 2023 was about 150.909GWh.
In terms of battery installed capacity, according to the data of the world's top ten battery manufacturers in 2023 released by Clean Technica, BYD's installed battery capacity is 116GWh, a year-on-year increase of 59%, surpassing LG to sit in second place.
With the rise of the BYD auto brand, BYD battery (Fodi battery) jumped from 14% in 2022 to 16% in the same period in 2023. The increase also came from BYD's supply deals with third parties, including the Tesla Model Y manufactured in Germany, the Toyota bZ3 in China, the Changan UNI-V, the Dongfeng Nissan Venucia V-Online, and several Haval and FAW models. With brands such as Kia and Ssangyong Motors in 2024, BYD is expected to continue to increase its share in 24.
Source: Wired New Energy