- BYD's strong performance in 2022 was mainly due to the continued explosive growth of China's NEV industry
- the sales growth drove a significant improvement in earnings and effectively easing cost pressures from rising upstream raw material prices
- In the cell phone parts and assembly business, the segment's earnings were under pressure because of continued low demand in the consumer electronics industry, resulting in low capacity utilization
- However, benefiting from the increased share of large overseas customers and business structure optimization, the cell phone parts and assembly business achieved stable and healthy development
https://cnevpost.com/2023/01/30/byd-q4-net-profit-to-be-up-to-usd-1-billion/
BYD's Q4 net profit expected to be 10 times higher than year-ago quarter
This represents a year-on-year increase of 1013 percent-1179 percent, and a quarterly increase of 17 percent-35 percent.
cnevpost.com
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