BYD's performance in 2023 is outstanding, net profit is expected to increase significantly, and it successfully defends the global pure electric vehicle sales champion

BYD’s recently announced 2023 performance forecast shows the company’s strong profitability. According to forecasts, the net profit attributable to shareholders of listed companies this year is expected to reach 29 billion to 31 billion yuan, a year-on-year increase of 74.46% to 86.49%. Compared with 16.622 billion yuan in the same period in 2022, this increase is significant. This forecast further proves BYD's strength and competitiveness as a leading new energy vehicle manufacturer. The company's continued expansion in the electric vehicle market and its continued innovation of high-quality products have paid off handsomely. BYD's strong growth in profitability is not only of great significance to the company itself, but also plays a positive role in promoting the development of China's new energy vehicle industry.

BYD’s earnings per share are expected to be between 9.98 yuan/share and 10.67 yuan/share, significantly exceeding the 5.71 yuan/share in the same period last year. According to this estimate, BYD's average daily net profit in 2023 will reach 79.4521 million yuan to 84.9315 million yuan. This performance demonstrates BYD's leadership in the new energy vehicle market and the effectiveness of its continuous innovation and market expansion strategies.

It is understood that 2023 is of great significance to BYD. In this year, BYD not only achieved a leap in performance, but also achieved significant breakthroughs in the global pure electric vehicle market, successfully surpassing Tesla and becoming the world's number one pure electric vehicle sales brand. Tesla delivered 484,500 vehicles in the fourth quarter of 2023, bringing the total delivery volume for the year to 1,808,600 vehicles. In comparison, BYD's pure electric vehicle sales reached 526,400 units during the same period, and its annual pure electric vehicle sales reached 1.5748 million units. This achievement undoubtedly laid a solid foundation for BYD's position in the global new energy vehicle market. . This breakthrough not only proves BYD's advantages in technology and market competitiveness, but also reflects the increased recognition and acceptance of BYD products by consumers. While BYD continues to promote technological innovation and product quality improvement in electric vehicles, it has also made positive contributions to the development of the global new energy vehicle industry. It is expected that BYD will continue to maintain its leading position in the future and make greater contributions to promoting the development of the global electric vehicle industry.

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