A few days ago, BYD released its annual report for 2022, with a revenue of 424.065438 billion yuan in 2022, a year-on-year increase of 96.20%. The net profit of returning to the mother was 65.438+06.622 billion yuan, a year-on-year increase of 445.86%; The net profit after deducting non-homecoming was 65.438+05.638 billion yuan, a year-on-year increase of 654.38+065.438+046.42%. The net profit rate is 3.75%, leading the overall level of the automobile industry. According to estimates, BYD's daily income will be about 45 million yuan in 2022.
In 2022, the business income of BYD's automobiles, automobile-related products and other products was about 32,469 1 billion yuan, up by1,5 1.78% year-on-year, accounting for 76.57% of the total revenue. In 20021year, this business accounted for 59.66% of the company's total revenue.
The high gross profit margin makes Li want to be jealous.
According to the production and sales bulletin previously published by BYD Company, in 2022, BYD produced a total of 65,438+0,877,000 new energy vehicles, up by 209.6438+07% year-on-year; The cumulative sales of new energy vehicles were1863,500, up by 208.64% year-on-year.
This year, BYD's sales of new energy vehicles surpassed Tesla (in 2022, the sales volume was 65,438+0,365,438+0,000 vehicles) and became the "sales champion" of new energy vehicles in the world. According to the data of China Automobile Association, BYD's market share of new energy vehicles in 2022 was 27%, a year-on-year increase of nearly 10 percentage point.
Wang Chuanfu, chairman of BYD, pointed out in the performance report that the group announced in 2022 that it would stop the production of fuel vehicles and focus on the development of new energy vehicles. The Group has achieved a full-scale explosion of new energy vehicle business, won the global new energy vehicle sales champion again, and ranked first in China for ten consecutive years.
Such a huge sales volume has also brought considerable income. In 2022, BYD's automobile and related business income was about 324,695,438+0 billion yuan, up by 1, 5 1.78% year-on-year. The business income of mobile phone parts, assembly and other products was about 98.8/kloc-0.50 billion yuan, up 65.438+0.4% year-on-year. These two businesses account for 76.57% and 23.3% of the company's total revenue respectively.
It is worth mentioning that in 2022, when the price of raw materials rose, BYD's gross profit margin rose against the trend, with the gross profit margin of overall sales reaching 17.04% and the gross profit margin of automobile business reaching 20.39%.
Li Xiang, CEO of Li, said that BYD's gross profit margin in the fourth quarter was 22.8% (dealer system). Assuming the cost of merging into the dealer system, BYD's gross profit margin in the fourth quarter is equivalent to or even better than Tesla's gross profit margin of 25.9% (direct selling system). "Considering the low average selling price, BYD's vehicle cost management is obviously superior to Tesla. Finance is the most rational test, and this answer sheet is great! "
Become the largest automobile manufacturer in China this year?
According to the data of the Federation, BYD produced154,200 new energy vehicles in June, a year-on-year increase of 63.85%; The sales volume of new energy vehicles was15130,000, up 62.44% year-on-year. In February, the sales volume of automobile enterprises reached 193655, up by 1 12.6% year-on-year, among which the sales volume of passenger cars was 19 1664, up by112.
At the performance conference, Wang Chuanfu pointed out that the demand for automobiles in China in June 5438+0 and February was slightly weaker than that in the same period of last year, but BYD still maintained a strong growth rate of about 84.2%. Compared with the same period of last year, sales in the first quarter will still maintain a growth rate of more than 80%. In 2023, BYD's sales performance is expected to further improve.
Facing the recent price war in China auto market, Wang Chuanfu said that the reason for the price war is the contradiction between supply and demand, and the supply exceeds demand. Some enterprises will be eliminated, and some enterprises will gain greater market share. In 2023, the market will also enter the knockout stage. If supply exceeds demand, the price war will continue.
Wang Chuanfu also said that the price war did have a certain psychological impact on consumers, but I believe that the impact will be alleviated by the end of April. With the launch of auto shows in various places in May, market confidence will gradually recover. I believe that in May, the automobile market in China will return to a relatively good growth level. At present, Tengshi brand has received more than 50,000 orders, hoping that the brand will target the market segment of one million yuan. Despite the "great challenge", it has achieved good results, and the new energy vehicle market in China has entered a stage of comprehensive expansion.
It also said that BYD's goal is to become the largest automobile manufacturer in China by the end of this year. Wang Chuanfu also revealed that there is no plan to enter the American passenger car market for the time being, and the IPO plan for the semiconductor business is still in progress.
In the field of overseas passenger car business, BYD has accelerated the development of overseas markets. At present, new energy passenger cars have entered 43 countries and regions such as Japan, Germany, Australia and Brazil. In 2022, a total of 559 16 new energy passenger cars were exported.
China Post Securities predicted in the relevant research report that BYD will launch a number of new products such as seagull, sea lion, frigate 05 and destroyer 07 during the year, as well as the first models of U8 and F brands, which are expected to continue to contribute to the company. In 2023, BYD's annual sales volume is expected to exceed 2.5 million.
The continuous introduction of new products is inseparable from BYD's huge investment in research and development. BYD continued to increase R&D in 2022, with R&D investment increasing by 90.3 1% to 20.223 billion yuan and R&D personnel increasing by 72.59% to 69,697.
Liu Qiang, an auto industry analyst, said that BYD has mastered core technologies such as batteries, motors and chips, and has strong cost control and integration capabilities. Due to the adjustment of the automobile market, it can still keep growing.
With years of technology accumulation, BYD has gradually formed a brand matrix of BYD brand, Tengshi brand, Want Want brand and professional personalized brand, covering the product matrix from home to luxury, from mass to personalized. At the same time, advanced technology has also been recognized by the market and the sales volume has increased, thus achieving a substantial increase in profits today. Of course, this also sets a good example for those new car-making forces eager to achieve profitability and joint venture brands eager to complete the transformation of new energy.
This article comes from the author Hao, and the copyright belongs to the author. Please contact the author if reproduced in any form. The content only represents the author's point of view and has nothing to do with the car reform.