The sales volume of new energy vehicles in the first 6 months has exceeded that of the entire year of BYD's expected net profit in the first half of the year to be as high as 3.6 billion yuan.

Reporter Li Yuzheng

On the evening of July 14, BYD released the performance forecast of the first half of 2022. In the first half of the year, the company achieved net profit of 2.8 billion yuan to 3.6 billion yuan, an increase of 138.59%to 206.76%year -on -year; From 100 million yuan to 3.3 billion yuan, a year -on -year increase of 578.11%to 795.11%.

BYD said that in the first half of 2022, the new energy vehicle industry performed exclusively. The sales of new energy vehicles in the group had a strong growth momentum, reached a record high, and the market share was far ahead. Profit pressure brought by rising raw materials.

According to the median value of 3.2 billion yuan in net profit of home, BYD's profit in the first half of the year has exceeded 3.045 billion yuan last year. According to BYD's first quarter report, the net profit attributable to the mother in the first quarter was 808 million yuan. Based on this, BYD's profit was approximately 1.992 billion yuan to 2.492 billion yuan in the second quarter of this year, an increase of about 113%to 166%compared with the second quarter of last year.

Zhang Xiaorong, dean of the In -depth Science and Technology Research Institute, said in an interview with the Securities Daily reporter that on the one hand, the price of raw materials rose sharply to hedge corporate profits. On the other hand, BYD's performance growth rate in the first half of the year was amazing, which mainly benefited from its high growth.

Since 2022, BYD's car sales have continued to increase. BYD's latest production and sales data shows that the company sold about 641,400 new energy vehicles in the first half of the year, a cumulative increase of nearly 3.15 times year -on -year, which has exceeded the annual sales of last year. According to the data joint data of the passenger car market, the retail sales of BYD new energy vehicles in the first half of the year were about 633,800, and the market share was as high as 28.2%. It was equivalent to each 25 new energy vehicles sold, of which 7 were BYD. At the same time, BYD's market share ranks first in new energy manufacturers, and its market share exceeding the market share of more than second to fifth manufacturers.

In addition, the total installed capacity of BYD's new energy vehicle power batteries and energy storage batteries in the first half of 2022 was about 34.04GWh, an increase of 167.90%over the same period last year.

In the first half of the year, BYD had raised its price to its new energy vehicles, which improved its profitability to a certain extent.

In order to reduce cost pressure, BYD conducts upstream and downstream linkage by investing in upstream lithium ore companies and accelerating the lithium of salt lake this year. In addition, BYD intends to become a strategic investor in Shengxin Lithium by subscribing to the Shengxin Lithium Publicly issuing stocks, further increasing the purchase of lithium products. According to the response to related issues on the interactive platform in the first half of the year, BYD's use of its own lithium lifting technology to test the base in salt lakes, which is specific to BYD.

Zhang Xiaorong believes that BYD is not only a car company, but also an ecological enterprise with electric vehicles as its core.

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