BYD Company's Profit Records Remarkable Growth in FY23

Wednesday, 27 March 2024, 05:57

BYD Company Limited saw an impressive 80% increase in net profit for 2023, reaching RMB 30.04 billion, driven by a notable 62% surge in sales volume to 3.0 million vehicles, setting a new record. The company's financial performance for the fiscal year showcased robust growth and market resilience, reflecting positive market dynamics in the automotive sector.
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BYD Company's Profit Records Remarkable Growth in FY23

BYD Company Limited

BYD Company Limited's net profit for 2023 climbed 81% to RMB 30.04 billion as sales volume increased 62% to a record of 3.0 million vehicles.

Key Points:

  • Financial Performance: FY net profit surged to RMB 30.04 billion, indicating substantial growth.
  • Sales Volume: Achieved a new milestone with sales volume reaching 3.0 million vehicles.

FY GAAP EPS of RMB 10.32...


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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