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29 Mar

BYD reports 445.86% increase in 2022 net profit

BYD has reported a 445.86% increase in its net profit in 2022 to CNY 16.62 billion ($2.41 billion), greatly boosted by its Q4 performance. The company’s operating income last year reached CNY 424.06 billion, which is 96.2% higher than in 2021. In Q4 2022, operating income exceeded CNY 156.37 billion, an on-year increase of 120.4%; its net profit reached CNY 7.31 billion, an on-year increase of 1,114.5%.  Income from BYD’s automotive related busin…
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