Unfazed by Buffett's reduction, BYD has shown excellent resilience. $BYD COMPANY (01211.HK)$Has shown good resilience.
On August 28th, BYD released its performance report for the first half of 2023. According to the financial report, BYD achieved operating revenue of 260.124 billion yuan in the first half of the year, a year-on-year increase of 72.72%; net profit attributable to equity holders reached 10.954 billion yuan, a year-on-year increase of 204.68%; basic earnings per share were 3.77 yuan.
BYD's impressive performance is not surprising to the market.
According to statistical data, BYD's cumulative delivery in the first half of this year was 1.2556 million vehicles, including 1,248,161 passenger vehicles and 10,536 exports.
From the data, it is evident that BYD has accomplished scale as the world's largest new energy vehicle manufacturer, undoubtedly leading the way in this competition for new energy vehicles.
Wang Chuanfu previously stated that the window of opportunity in the new energy vehicle industry is only 3 to 5 years. Kanjian Finance believes that the companies that have achieved scale in the new energy vehicle industry will ultimately be able to "break through".
For other new energy vehicle companies that have not yet become profitable, BYD has already completed the first phase of the race and is now entering the next stage.
For BYD, although the industry competition intensified in the first half of the year, BYD has already demonstrated its role in scaling. Under the scale effect, BYD's industry chain control...