BYD: Currently actively ramping up production

BYD said on the investor interactive platform that it is currently actively ramping up production and making every effort to improve the company's delivery.

When it comes to the order delivery cycle, BYD said that the order delivery cycle is affected by multiple factors such as production scheduling planning, the cumulative amount of user orders for different models/regions, and sometimes there are large differences.

According to the minutes of the investor meeting disclosed by BYD in March, BYD's cumulative undelivered orders reached 400,000 vehicles at that time, and it is still increasing month by month. Based on this, BYD conservatively expects to sell 1.5 million units in 2022; if the supply chain improves, it will hit the sales target of 2 million units.

In terms of sales data, BYD sold 134,036 new vehicles in June, a year-on-year increase of 162.7%; the cumulative sales in the first half of this year reached 646,399 vehicles, a year-on-year increase of 162.03%.

The 2022 semi-annual performance forecast shows that BYD is expected to achieve a net profit of 2.8 billion to 3.6 billion yuan in the first half of 2022, a year-on-year increase of 138.59%-206.76%.

BYD said yesterday that in the first half of 2022, despite facing many unfavorable factors such as the macroeconomic downturn, the spread of the epidemic, the shortage of chips, and the continued rise in raw material prices, the new energy vehicle industry has outperformed. The sales volume of the Group's new energy vehicles has been growing strongly, hitting record highs repeatedly, leading the market share and achieving rapid year-on-year growth, which has driven a substantial improvement in profitability and, to a certain extent, has offset the profit pressure caused by upstream raw material prices .

In addition, in terms of mobile phone components and assembly business, BYD said that demand in the consumer electronics industry is weak, but the group has recovered its profitability thanks to improved cost control capabilities and product structure adjustments.

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