BYD's net profit in the first half of 2023 reached 10.95 billion yuan, a significant year-on-year increase of 204.68%

BYD released its semi-annual report, showing that net profit in the first half of 2023 was 10.95 billion yuan, a year-on-year increase of 204.68%

BYD's operating income in the first half of this year was 260.124 billion yuan, a year-on-year increase of 72.72%. Basic earnings per share were 3.77 yuan. The company plans not to distribute cash dividends, give away bonus shares, or use provident funds to increase share capital

Operating income: 260.124 billion yuan, a year-on-year increase of 72.72% . After rewriting: operating income was 260.124 billion yuan, an increase of 72.72% over the same period last year

The operating income of the automotive business reached 208.824 billion yuan, a year-on-year increase of 91.11%

The gross profit margin of the automotive business was 20.67 %, an increase of 4.36 percentage points over the same period last year

Net profit: 10.954 billion yuan, an increase of 204.68% year-on-year. It can be rewritten as: net profit is 10.954 billion yuan, an increase of 204.68% over the same period last year

Basic earnings per share is 3.77 yuan

Operating costs: 212.452 billion yuan, a year-on-year increase of 63.09%. It can be rewritten as: operating costs reached 212.452 billion yuan, a year-on-year increase of 63.09%

Sales Expenses: 10.838 billion yuan, an increase of 129.49% over last year

R&D investment increased by 120.2% to 14.246 billion yuan

Rewritten content: Total assets reached 591.133 billion yuan, a year-on-year increase 19.7%

According to data, BYD’s R&D expenses in the first half of this year reached 13.83 billion yuan, compared with 5.42 billion yuan in the same period last year

# BYD said , by the first half of 2023, the group's share of the new energy vehicle market will further expand to 33.5%, an increase of 6.5 percentage points from 2022. This will further consolidate BYD's leading position in China's new energy vehicle industry, while maintaining the number one sales position in the world, and its brand influence will continue to expand

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