Byd Company Limited ( (BYDDY) ) has released its Q4 earnings. Here is a breakdown of the information Byd Company Limited presented to its investors.
BYD Company Limited, a leader in the global new energy vehicle industry, is engaged in automobile manufacturing, handset components and assembly services, rechargeable batteries, and photovoltaics, with a focus on technological innovation and sustainable development. In its 2024 earnings report, BYD highlighted a significant increase in revenue and profit, driven by strong growth in its new energy vehicle sales and expansion into international markets. The company reported a revenue of RMB 777.1 billion, a 29% increase from the previous year, and a net profit attributable to shareholders of RMB 40.25 billion, up 34% year-on-year. Key achievements included the launch of new technologies and products, expansion of its multi-brand strategy, and significant advancements in its global footprint, particularly in the new energy vehicle sector. Looking ahead, BYD aims to continue leveraging its technological strengths and expand its market presence globally, with a focus on enhancing product competitiveness and accelerating its overseas business expansion.