AutoBeta(AutoBeta.net)08/30 Report--

On August 29, BYD released its results for the first half of 2022. According to relevant data, BYD's net profit in the first half of the year was 3.595 billion yuan, up 206.35% from the same period last year, while operating income in the first half was 150.607 billion yuan, up 65.71% from the same period last year. According to the financial report, the revenue of BYD's automobile, automobile-related products and other products business in the first half of the year was 109.267 billion yuan, an increase of 130.31% over the same period last year. The automobile business accounted for 72.55% of total revenue, compared with 52.2% in the same period last year, an increase of more than 20%. Biya Di Fang said that as the supply chain returns to stability in the second half of the year, efforts on both sides of supply and demand are expected to drive another breakthrough in new energy vehicle sales.

For the second half of the year, BYD said: "although there are still many challenges in the external environment, the Group will continue to seize development opportunities and maintain a high level of R & D investment, while maintaining a leading position in the industry of traditional business." continue to tap the business potential of major customers, and a comprehensive layout of related product lines in areas such as new energy vehicles, vigorously promote the development of new business areas and inject new momentum into the Group's long-term business development. "

The car business is up, but other products are down. Revenue from BYD's mobile phone parts, assembly and other products business in the first half of the year was 41.07 billion yuan, down 4.78 percent from a year earlier, according to BYD's financial report. It accounted for 27.27% of total revenue, compared with 47.46% in the same period last year.

With regard to the decline in mobile phone business data, BYD said that tight supply chains and logistics constraints had a higher-than-expected impact on the mobile phone industry in the first half of the year, consumer demand was also curbed by the economic downturn, and global smartphone shipments showed a downward trend. At the same time, it pointed out that although the prosperity of the smartphone and notebook sector has declined, and the high-end market demand of Android major customers is weak, the group still maintains a leading share in the overall shipments of core products from existing customers. in addition, the group has actively opened up new customers, especially overseas customers, the group has made a breakthrough in assembly and structural layout, the penetration rate has further improved, and the business scale has continued to expand. Drive up market share.

From the data of the financial report, it is not difficult to see that BYD's automobile business accounts for an increasing proportion of BYD's total revenue, and its contribution is also increasing. Sales of new energy vehicles have soared since BYD announced the suspension of fuel vehicles on April 3 this year.

At present, BYD New Energy covers pure electric vehicles and plug-in hybrid cars, which are divided into dynasty series composed of Qin, Han, Song, Tang and Yuan models, and ocean series composed of dolphins, destroyers 05 and seals. The product price covers the range of 10-300000 yuan. According to relevant data, BYD sold 162214 new energy passenger vehicles in July 2022, an increase of 224.1% over the same period last year, a record high in a single month. Among them, 81223 plug-in hybrid cars were sold and 80991 pure electric vehicles were sold. From January to July 2022, BYD sold a total of 800371 new energy passenger vehicles, an increase of 299.65 percent over the same period last year.

As early as March this year, BYD Wang Chuanfu revealed: "conservatively estimated that BYD's order this year will reach 1.5 million vehicles, if the supply chain is done well, the order may impact 2 million vehicles." As for BYD's sales target for this year, many organizations have also given annual sales forecasts of 2 million vehicles for the whole year, mainly due to the steady increase in the penetration of new energy vehicles. In addition, due to BYD's investment in hybrid and pure electric technology routes and intensive new car launches this year.

It is understood that July 29 news, BYD Seal on the market, the new car launched a total of four models priced at 20.98 to 286800 yuan. So far, pre-sale orders for the car have totaled more than 60,000, according to BYD officials. On August 25th, BYD Tang DM-p launched three new models. According to official figures, pre-sale orders had exceeded 25000 as of the time of listing. In addition, the D9, the first high-end new energy MPV model of its momentum brand, also went on sale on August 23. Tengli Zhao Changjiang said that the cumulative order of the Tengli D9 has exceeded 40, 000. A few days ago, some media reported that BYD will launch a new high-end brand in the fourth quarter of this year, and the price of the new car will exceed 1 million yuan. For this news, the relevant BYD official responded: "the high-end brand is tentatively scheduled to be released at the end of this year, simultaneous debut of the first hard off-road model, priced at more than 1 million yuan."

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