On January 30, BYD announced its 2022 performance forecast. It is expected that its operating income in 2022 will exceed RMB 420 billion, and its net profit attributable to shareholders of listed companies will be RMB 16 billion to RMB 17 billion. yuan, a year-on-year increase of 425.42%-458.26%.

BYD stated that the new energy vehicle industry continues to experience explosive growth. As a leader in the new energy vehicle industry, the company has overcome the complex and severe external environment and the impact of many unexpected factors. The sales of new energy vehicles have achieved strong growth year-on-year, winning the title of global new energy vehicle manufacturer. Energy vehicle sales ranked first, driving a significant improvement in profitability and effectively alleviating the cost pressure caused by rising prices of upstream raw materials. In terms of mobile phone components and assembly business, the continued sluggish demand in the consumer electronics industry has led to low production capacity utilization, which has put pressure on the profitability of this business segment. However, thanks to the increase in the share of overseas large customers and the optimization of the business structure, the business has achieved long-term stable and healthy development.

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Editor: Qin Qingbao