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LB Select
2023.04.27 11:29
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Earnings Report is Out | BYD's Q1 Revenue Exceeds 120 Billion, Net Profit Grows Over 400%

BYD's first-quarter revenue was RMB 120.2 billion, up from RMB 66.825 billion in the previous quarter. Net profit for the first quarter was RMB 4.13 billion, up from RMB 0.808 billion in the previous quarter, a year-on-year increase of 410.89%.

On Thursday, BYD released its first-quarter results.

BYD's first-quarter revenue was CNY 120.2 billion, up from CNY 66.825 billion in the previous period.

The net profit for the first quarter was CNY 4.13 billion, up 410.89% year-on-year from CNY 0.808 billion in the previous period.

The net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses for the first quarter was CNY 3.565 billion, up 593.68% year-on-year.

The first-quarter operating cost was CNY 98.71 billion, up 68.62% year-on-year, mainly due to the increase in sales of new energy vehicles.

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