On the evening of April 18, BYD released a forecast for the first quarter of 2022. The performance forecast for the period from January 1, 2022 to March 31, 2022 shows that during the reporting period, BYD’s net profit attributable to shareholders of listed companies achieved a profit of 650 million to 950 million yuan, a year-on-year increase of 174%~ 300%. BYD’s basic earnings per share in the first quarter were 0.22 yuan to 0.33 yuan, a year-on-year increase compared to the 0.08 yuan per share in the same period last year. Regarding the reasons for the change in performance, BYD explained that the new energy vehicle industry continued its rapid growth in the first quarter of 2022, and BYD Group’s new energy vehicle sales hit a record high, driving a substantial improvement in profitability and a certain degree of hedged upstream Profitability pressure from rising raw material prices. According to the sales data released by BYD, 104,878 new energy vehicles were sold in March, a year-on-year increase of 333.06%; from January to March, 286,329 new energy vehicles were sold, a year-on-year increase of 422.97%. Among them, BYD’s plug-in hybrid models performed particularly well, with a cumulative sales of 141,514 units from January to March, a year-on-year increase of .
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