BYD's First-Half Net Income Triples to Top End of Forecast

Bloomberg2022-08-29

BYD Co.’s net income rose to the top end ofguidanceit gave last month as record output and sales shielded China’s biggest electric-vehicle maker from Covid disruptions and supply-chain pain.Net income...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Bull1973
2022-08-30
Bull1973
Ok
missychatty
2022-08-30
missychatty
Ok
Hayz
2022-08-30
Hayz
BYD is leading car maker in PRC.
SPOT_ON
2022-08-30
SPOT_ON
Wow
rich9888H
2022-08-30
rich9888H
Great 👍
skyblue8
2022-08-29
skyblue8
Seems the stronger bet amongst all the Chinese EVs

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2263170068?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2022-08-29 22:22","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2263170068","market":"us","top_or_hot":-1,"title":"BYD's First-Half Net Income Triples to Top End of Forecast","media":"Bloomberg","content":"<div>\n<p>BYD Co.’s net income rose to the top end ofguidanceit gave last month as record output and sales shielded China’s biggest electric-vehicle maker from Covid disruptions and supply-chain pain.Net income...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-08-29/byd-s-first-half-net-income-triples-to-hit-top-end-of-forecast\">Source Link</a>\n\n</div>\n","source":"lsy1584095487587","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BYD's First-Half Net Income Triples to Top End of Forecast</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBYD's First-Half Net Income Triples to Top End of Forecast\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-29 22:22 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-08-29/byd-s-first-half-net-income-triples-to-hit-top-end-of-forecast><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>BYD Co.’s net income rose to the top end ofguidanceit gave last month as record output and sales shielded China’s biggest electric-vehicle maker from Covid disruptions and supply-chain pain.Net income...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-08-29/byd-s-first-half-net-income-triples-to-hit-top-end-of-forecast\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"01211","symbol_name":"比亚迪股份","start_time":0,"source_url":"https://www.bloomberg.com/news/articles/2022-08-29/byd-s-first-half-net-income-triples-to-hit-top-end-of-forecast","article_id":"2263170068","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2263170068","pubTimestamp":1661782945,"sourceInfo":{"source_id":"lsy1584095487587","name":"Bloomberg"},"weMediaInfo":null,"summary":"BYD Co.’s net income rose to the top end ofguidanceit gave last month as record output and sales shi","collect":0,"end_time":0,"defaultTopTitle":"bloomberg.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"01211":"比亚迪股份","BYDDY":"比亚迪ADR"},"translate_title":"比亚迪上半年净收入三倍至预期最高","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"01211":0.9,"BYDDY":0.9},"content_text":"BYD Co.’s net income rose to the top end ofguidanceit gave last month as record output and sales shielded China’s biggest electric-vehicle maker from Covid disruptions and supply-chain pain.Net income in the six months through June tripled from a year earlier to 3.6 billion yuan ($521 million), the Shenzhen-based company said in a filing Monday. BYD had forecast net profit of between 2.8 billion and 3.6 billion yuan.Revenue was 150.6 billion yuan, up 66% from a year earlier thanks torecord monthly sales. Analysts forecast revenue of 166 billion yuan, according to data compiled by Bloomberg.BYD, which is backed by Warren Buffett, has managed supply-chain disruptions better than many others, including homegrown rivalsNio Inc.,XPeng Inc, andLi Auto Inc.as it makes components such as batteries and semiconductors. The company also avoided the majority ofShanghai’s Covid lockdownsbecause it has factories elsewhere.BYD sold more new energy cars in the first seven months of this year than in 2020 and 2021 combined. The group’s share of China’s NEV market reached 24.7% in the first half, the company said in Monday’s filing, citing data from the country’s automobile association.The company listed challenges including Covid-19 and the conflict between Russia and Ukraine that pushed up commodity prices and slowed economic growth. Sporadic virus outbreaks in China aggravated supply-chain tensions and increased uncertainty, it said.“China’s economy has seriously deviated from the normal track” and the development of the country’s automobile industry “has been severely compromised,” BYD said. Still, sales of NEVs are growing, helped by supportive government policies, it said.Revenue from automobiles and related products rose 130% to about 109 billion yuan in the first half, while handset components, assembly services and other products dropped 4.8% to 41 billion yuan, BYD said.Chinese Premier Li Keqiang toured BYD’s headquarters in Shenzhen earlier in August and vowed to boost already growing sales of electric cars and keep preferential policies in place. China is the world’s biggest EV market.BYD could deliver 1.5 to 2 million vehicles this year as capacity expands to meet a backlog of orders, according to Bloomberg Intelligence analysts Steve Man and Joanna Chen. “Higher selling prices and greater production scale should lift profitability,” they wrote in a research note dated Aug. 8.The company is expanding overseas, announcing sales in seven new markets in recent months, including Japan, Thailand and Germany.Shares are down about 1% this year, but wild swings in EV stocks mean BYD has fallen as much as 37% and climbed as much as 24% in the period. Earlier in the year, BYD overtook Volkswagen AG as the world’s third most valuable automaker, behind Toyota Motor Corp. and Tesla Inc.Much of the movement stem from a stake matching the size of Berkshire Hathaway Inc.’s position in BYD appearing in Hong Kong’s stock market clearing system. Shares must enter the system before transactions can be settled, so are after often seen as a precursor to sales. Buffett’s Berkshire Hathaway hasn’t commented on the matter.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9997513763,"gmtCreate":1661821641754,"gmtModify":1676536585192,"author":{"id":"3584680402793671","authorId":"3584680402793671","name":"Bull1973","avatar":"https://static.tigerbbs.com/866d29bf88ff7363d121a5ccc6028aae","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3584680402793671","authorIdStr":"3584680402793671"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9997513763","repostId":2263170068,"repostType":4,"repost":{"id":"2263170068","pubTimestamp":1661782945,"share":"https://ttm.financial/m/news/2263170068?lang=&edition=fundamental","pubTime":"2022-08-29 22:22","market":"hk","language":"en","title":"BYD's First-Half Net Income Triples to Top End of Forecast","url":"https://stock-news.laohu8.com/highlight/detail?id=2263170068","media":"Bloomberg","summary":"BYD Co.’s net income rose to the top end ofguidanceit gave last month as record output and sales shi","content":"<html><head></head><body><p>BYD Co.’s net income rose to the top end ofguidanceit gave last month as record output and sales shielded China’s biggest electric-vehicle maker from Covid disruptions and supply-chain pain.</p><p>Net income in the six months through June tripled from a year earlier to 3.6 billion yuan ($521 million), the Shenzhen-based company said in a filing Monday. BYD had forecast net profit of between 2.8 billion and 3.6 billion yuan.</p><p>Revenue was 150.6 billion yuan, up 66% from a year earlier thanks torecord monthly sales. Analysts forecast revenue of 166 billion yuan, according to data compiled by Bloomberg.<img src=\"https://static.tigerbbs.com/cea108ba228f3197fe99d4aafb4da39b\" tg-width=\"758\" tg-height=\"431\" referrerpolicy=\"no-referrer\"/></p><p>BYD, which is backed by Warren Buffett, has managed supply-chain disruptions better than many others, including homegrown rivalsNio Inc.,XPeng Inc, andLi Auto Inc.as it makes components such as batteries and semiconductors. The company also avoided the majority ofShanghai’s Covid lockdownsbecause it has factories elsewhere.</p><p>BYD sold more new energy cars in the first seven months of this year than in 2020 and 2021 combined. The group’s share of China’s NEV market reached 24.7% in the first half, the company said in Monday’s filing, citing data from the country’s automobile association.</p><p>The company listed challenges including Covid-19 and the conflict between Russia and Ukraine that pushed up commodity prices and slowed economic growth. Sporadic virus outbreaks in China aggravated supply-chain tensions and increased uncertainty, it said.</p><p>“China’s economy has seriously deviated from the normal track” and the development of the country’s automobile industry “has been severely compromised,” BYD said. Still, sales of NEVs are growing, helped by supportive government policies, it said.</p><p>Revenue from automobiles and related products rose 130% to about 109 billion yuan in the first half, while handset components, assembly services and other products dropped 4.8% to 41 billion yuan, BYD said.</p><p><img src=\"https://static.tigerbbs.com/02494cba7692913e5f96ec836e6c9884\" tg-width=\"733\" tg-height=\"442\" referrerpolicy=\"no-referrer\"/>Chinese Premier Li Keqiang toured BYD’s headquarters in Shenzhen earlier in August and vowed to boost already growing sales of electric cars and keep preferential policies in place. China is the world’s biggest EV market.</p><p>BYD could deliver 1.5 to 2 million vehicles this year as capacity expands to meet a backlog of orders, according to Bloomberg Intelligence analysts Steve Man and Joanna Chen. “Higher selling prices and greater production scale should lift profitability,” they wrote in a research note dated Aug. 8.</p><p>The company is expanding overseas, announcing sales in seven new markets in recent months, including Japan, Thailand and Germany.</p><p>Shares are down about 1% this year, but wild swings in EV stocks mean BYD has fallen as much as 37% and climbed as much as 24% in the period. Earlier in the year, BYD overtook Volkswagen AG as the world’s third most valuable automaker, behind Toyota Motor Corp. and Tesla Inc.</p><p>Much of the movement stem from a stake matching the size of Berkshire Hathaway Inc.’s position in BYD appearing in Hong Kong’s stock market clearing system. Shares must enter the system before transactions can be settled, so are after often seen as a precursor to sales. Buffett’s Berkshire Hathaway hasn’t commented on the matter.</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BYD's First-Half Net Income Triples to Top End of Forecast</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBYD's First-Half Net Income Triples to Top End of Forecast\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-29 22:22 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-08-29/byd-s-first-half-net-income-triples-to-hit-top-end-of-forecast><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>BYD Co.’s net income rose to the top end ofguidanceit gave last month as record output and sales shielded China’s biggest electric-vehicle maker from Covid disruptions and supply-chain pain.Net income...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-08-29/byd-s-first-half-net-income-triples-to-hit-top-end-of-forecast\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BYDDY":"比亚迪ADR","01211":"比亚迪股份"},"source_url":"https://www.bloomberg.com/news/articles/2022-08-29/byd-s-first-half-net-income-triples-to-hit-top-end-of-forecast","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2263170068","content_text":"BYD Co.’s net income rose to the top end ofguidanceit gave last month as record output and sales shielded China’s biggest electric-vehicle maker from Covid disruptions and supply-chain pain.Net income in the six months through June tripled from a year earlier to 3.6 billion yuan ($521 million), the Shenzhen-based company said in a filing Monday. BYD had forecast net profit of between 2.8 billion and 3.6 billion yuan.Revenue was 150.6 billion yuan, up 66% from a year earlier thanks torecord monthly sales. Analysts forecast revenue of 166 billion yuan, according to data compiled by Bloomberg.BYD, which is backed by Warren Buffett, has managed supply-chain disruptions better than many others, including homegrown rivalsNio Inc.,XPeng Inc, andLi Auto Inc.as it makes components such as batteries and semiconductors. The company also avoided the majority ofShanghai’s Covid lockdownsbecause it has factories elsewhere.BYD sold more new energy cars in the first seven months of this year than in 2020 and 2021 combined. The group’s share of China’s NEV market reached 24.7% in the first half, the company said in Monday’s filing, citing data from the country’s automobile association.The company listed challenges including Covid-19 and the conflict between Russia and Ukraine that pushed up commodity prices and slowed economic growth. Sporadic virus outbreaks in China aggravated supply-chain tensions and increased uncertainty, it said.“China’s economy has seriously deviated from the normal track” and the development of the country’s automobile industry “has been severely compromised,” BYD said. Still, sales of NEVs are growing, helped by supportive government policies, it said.Revenue from automobiles and related products rose 130% to about 109 billion yuan in the first half, while handset components, assembly services and other products dropped 4.8% to 41 billion yuan, BYD said.Chinese Premier Li Keqiang toured BYD’s headquarters in Shenzhen earlier in August and vowed to boost already growing sales of electric cars and keep preferential policies in place. China is the world’s biggest EV market.BYD could deliver 1.5 to 2 million vehicles this year as capacity expands to meet a backlog of orders, according to Bloomberg Intelligence analysts Steve Man and Joanna Chen. “Higher selling prices and greater production scale should lift profitability,” they wrote in a research note dated Aug. 8.The company is expanding overseas, announcing sales in seven new markets in recent months, including Japan, Thailand and Germany.Shares are down about 1% this year, but wild swings in EV stocks mean BYD has fallen as much as 37% and climbed as much as 24% in the period. Earlier in the year, BYD overtook Volkswagen AG as the world’s third most valuable automaker, behind Toyota Motor Corp. and Tesla Inc.Much of the movement stem from a stake matching the size of Berkshire Hathaway Inc.’s position in BYD appearing in Hong Kong’s stock market clearing system. Shares must enter the system before transactions can be settled, so are after often seen as a precursor to sales. Buffett’s Berkshire Hathaway hasn’t commented on the matter.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9997266400,"gmtCreate":1661816939801,"gmtModify":1676536583012,"author":{"id":"3560333139103013","authorId":"3560333139103013","name":"missychatty","avatar":"https://static.tigerbbs.com/d75cdb42cbca99e3666b7b1796540245","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3560333139103013","authorIdStr":"3560333139103013"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9997266400","repostId":2263170068,"repostType":4,"repost":{"id":"2263170068","pubTimestamp":1661782945,"share":"https://ttm.financial/m/news/2263170068?lang=&edition=fundamental","pubTime":"2022-08-29 22:22","market":"hk","language":"en","title":"BYD's First-Half Net Income Triples to Top End of Forecast","url":"https://stock-news.laohu8.com/highlight/detail?id=2263170068","media":"Bloomberg","summary":"BYD Co.’s net income rose to the top end ofguidanceit gave last month as record output and sales shi","content":"<html><head></head><body><p>BYD Co.’s net income rose to the top end ofguidanceit gave last month as record output and sales shielded China’s biggest electric-vehicle maker from Covid disruptions and supply-chain pain.</p><p>Net income in the six months through June tripled from a year earlier to 3.6 billion yuan ($521 million), the Shenzhen-based company said in a filing Monday. BYD had forecast net profit of between 2.8 billion and 3.6 billion yuan.</p><p>Revenue was 150.6 billion yuan, up 66% from a year earlier thanks torecord monthly sales. Analysts forecast revenue of 166 billion yuan, according to data compiled by Bloomberg.<img src=\"https://static.tigerbbs.com/cea108ba228f3197fe99d4aafb4da39b\" tg-width=\"758\" tg-height=\"431\" referrerpolicy=\"no-referrer\"/></p><p>BYD, which is backed by Warren Buffett, has managed supply-chain disruptions better than many others, including homegrown rivalsNio Inc.,XPeng Inc, andLi Auto Inc.as it makes components such as batteries and semiconductors. The company also avoided the majority ofShanghai’s Covid lockdownsbecause it has factories elsewhere.</p><p>BYD sold more new energy cars in the first seven months of this year than in 2020 and 2021 combined. The group’s share of China’s NEV market reached 24.7% in the first half, the company said in Monday’s filing, citing data from the country’s automobile association.</p><p>The company listed challenges including Covid-19 and the conflict between Russia and Ukraine that pushed up commodity prices and slowed economic growth. Sporadic virus outbreaks in China aggravated supply-chain tensions and increased uncertainty, it said.</p><p>“China’s economy has seriously deviated from the normal track” and the development of the country’s automobile industry “has been severely compromised,” BYD said. Still, sales of NEVs are growing, helped by supportive government policies, it said.</p><p>Revenue from automobiles and related products rose 130% to about 109 billion yuan in the first half, while handset components, assembly services and other products dropped 4.8% to 41 billion yuan, BYD said.</p><p><img src=\"https://static.tigerbbs.com/02494cba7692913e5f96ec836e6c9884\" tg-width=\"733\" tg-height=\"442\" referrerpolicy=\"no-referrer\"/>Chinese Premier Li Keqiang toured BYD’s headquarters in Shenzhen earlier in August and vowed to boost already growing sales of electric cars and keep preferential policies in place. China is the world’s biggest EV market.</p><p>BYD could deliver 1.5 to 2 million vehicles this year as capacity expands to meet a backlog of orders, according to Bloomberg Intelligence analysts Steve Man and Joanna Chen. “Higher selling prices and greater production scale should lift profitability,” they wrote in a research note dated Aug. 8.</p><p>The company is expanding overseas, announcing sales in seven new markets in recent months, including Japan, Thailand and Germany.</p><p>Shares are down about 1% this year, but wild swings in EV stocks mean BYD has fallen as much as 37% and climbed as much as 24% in the period. Earlier in the year, BYD overtook Volkswagen AG as the world’s third most valuable automaker, behind Toyota Motor Corp. and Tesla Inc.</p><p>Much of the movement stem from a stake matching the size of Berkshire Hathaway Inc.’s position in BYD appearing in Hong Kong’s stock market clearing system. Shares must enter the system before transactions can be settled, so are after often seen as a precursor to sales. Buffett’s Berkshire Hathaway hasn’t commented on the matter.</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BYD's First-Half Net Income Triples to Top End of Forecast</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBYD's First-Half Net Income Triples to Top End of Forecast\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-29 22:22 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-08-29/byd-s-first-half-net-income-triples-to-hit-top-end-of-forecast><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>BYD Co.’s net income rose to the top end ofguidanceit gave last month as record output and sales shielded China’s biggest electric-vehicle maker from Covid disruptions and supply-chain pain.Net income...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-08-29/byd-s-first-half-net-income-triples-to-hit-top-end-of-forecast\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BYDDY":"比亚迪ADR","01211":"比亚迪股份"},"source_url":"https://www.bloomberg.com/news/articles/2022-08-29/byd-s-first-half-net-income-triples-to-hit-top-end-of-forecast","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2263170068","content_text":"BYD Co.’s net income rose to the top end ofguidanceit gave last month as record output and sales shielded China’s biggest electric-vehicle maker from Covid disruptions and supply-chain pain.Net income in the six months through June tripled from a year earlier to 3.6 billion yuan ($521 million), the Shenzhen-based company said in a filing Monday. BYD had forecast net profit of between 2.8 billion and 3.6 billion yuan.Revenue was 150.6 billion yuan, up 66% from a year earlier thanks torecord monthly sales. Analysts forecast revenue of 166 billion yuan, according to data compiled by Bloomberg.BYD, which is backed by Warren Buffett, has managed supply-chain disruptions better than many others, including homegrown rivalsNio Inc.,XPeng Inc, andLi Auto Inc.as it makes components such as batteries and semiconductors. The company also avoided the majority ofShanghai’s Covid lockdownsbecause it has factories elsewhere.BYD sold more new energy cars in the first seven months of this year than in 2020 and 2021 combined. The group’s share of China’s NEV market reached 24.7% in the first half, the company said in Monday’s filing, citing data from the country’s automobile association.The company listed challenges including Covid-19 and the conflict between Russia and Ukraine that pushed up commodity prices and slowed economic growth. Sporadic virus outbreaks in China aggravated supply-chain tensions and increased uncertainty, it said.“China’s economy has seriously deviated from the normal track” and the development of the country’s automobile industry “has been severely compromised,” BYD said. Still, sales of NEVs are growing, helped by supportive government policies, it said.Revenue from automobiles and related products rose 130% to about 109 billion yuan in the first half, while handset components, assembly services and other products dropped 4.8% to 41 billion yuan, BYD said.Chinese Premier Li Keqiang toured BYD’s headquarters in Shenzhen earlier in August and vowed to boost already growing sales of electric cars and keep preferential policies in place. China is the world’s biggest EV market.BYD could deliver 1.5 to 2 million vehicles this year as capacity expands to meet a backlog of orders, according to Bloomberg Intelligence analysts Steve Man and Joanna Chen. “Higher selling prices and greater production scale should lift profitability,” they wrote in a research note dated Aug. 8.The company is expanding overseas, announcing sales in seven new markets in recent months, including Japan, Thailand and Germany.Shares are down about 1% this year, but wild swings in EV stocks mean BYD has fallen as much as 37% and climbed as much as 24% in the period. Earlier in the year, BYD overtook Volkswagen AG as the world’s third most valuable automaker, behind Toyota Motor Corp. and Tesla Inc.Much of the movement stem from a stake matching the size of Berkshire Hathaway Inc.’s position in BYD appearing in Hong Kong’s stock market clearing system. Shares must enter the system before transactions can be settled, so are after often seen as a precursor to sales. Buffett’s Berkshire Hathaway hasn’t commented on the matter.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9997263185,"gmtCreate":1661816799250,"gmtModify":1676536582920,"author":{"id":"3576709204489965","authorId":"3576709204489965","name":"Hayz","avatar":"https://static.tigerbbs.com/d87598e3b13004920f673918b320782e","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3576709204489965","authorIdStr":"3576709204489965"},"htmlText":"BYD is leading car maker in PRC.","listText":"BYD is leading car maker in PRC.","text":"BYD is leading car maker in PRC.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9997263185","repostId":2263170068,"repostType":4,"repost":{"id":"2263170068","pubTimestamp":1661782945,"share":"https://ttm.financial/m/news/2263170068?lang=&edition=fundamental","pubTime":"2022-08-29 22:22","market":"hk","language":"en","title":"BYD's First-Half Net Income Triples to Top End of Forecast","url":"https://stock-news.laohu8.com/highlight/detail?id=2263170068","media":"Bloomberg","summary":"BYD Co.’s net income rose to the top end ofguidanceit gave last month as record output and sales shi","content":"<html><head></head><body><p>BYD Co.’s net income rose to the top end ofguidanceit gave last month as record output and sales shielded China’s biggest electric-vehicle maker from Covid disruptions and supply-chain pain.</p><p>Net income in the six months through June tripled from a year earlier to 3.6 billion yuan ($521 million), the Shenzhen-based company said in a filing Monday. BYD had forecast net profit of between 2.8 billion and 3.6 billion yuan.</p><p>Revenue was 150.6 billion yuan, up 66% from a year earlier thanks torecord monthly sales. Analysts forecast revenue of 166 billion yuan, according to data compiled by Bloomberg.<img src=\"https://static.tigerbbs.com/cea108ba228f3197fe99d4aafb4da39b\" tg-width=\"758\" tg-height=\"431\" referrerpolicy=\"no-referrer\"/></p><p>BYD, which is backed by Warren Buffett, has managed supply-chain disruptions better than many others, including homegrown rivalsNio Inc.,XPeng Inc, andLi Auto Inc.as it makes components such as batteries and semiconductors. The company also avoided the majority ofShanghai’s Covid lockdownsbecause it has factories elsewhere.</p><p>BYD sold more new energy cars in the first seven months of this year than in 2020 and 2021 combined. The group’s share of China’s NEV market reached 24.7% in the first half, the company said in Monday’s filing, citing data from the country’s automobile association.</p><p>The company listed challenges including Covid-19 and the conflict between Russia and Ukraine that pushed up commodity prices and slowed economic growth. Sporadic virus outbreaks in China aggravated supply-chain tensions and increased uncertainty, it said.</p><p>“China’s economy has seriously deviated from the normal track” and the development of the country’s automobile industry “has been severely compromised,” BYD said. Still, sales of NEVs are growing, helped by supportive government policies, it said.</p><p>Revenue from automobiles and related products rose 130% to about 109 billion yuan in the first half, while handset components, assembly services and other products dropped 4.8% to 41 billion yuan, BYD said.</p><p><img src=\"https://static.tigerbbs.com/02494cba7692913e5f96ec836e6c9884\" tg-width=\"733\" tg-height=\"442\" referrerpolicy=\"no-referrer\"/>Chinese Premier Li Keqiang toured BYD’s headquarters in Shenzhen earlier in August and vowed to boost already growing sales of electric cars and keep preferential policies in place. China is the world’s biggest EV market.</p><p>BYD could deliver 1.5 to 2 million vehicles this year as capacity expands to meet a backlog of orders, according to Bloomberg Intelligence analysts Steve Man and Joanna Chen. “Higher selling prices and greater production scale should lift profitability,” they wrote in a research note dated Aug. 8.</p><p>The company is expanding overseas, announcing sales in seven new markets in recent months, including Japan, Thailand and Germany.</p><p>Shares are down about 1% this year, but wild swings in EV stocks mean BYD has fallen as much as 37% and climbed as much as 24% in the period. Earlier in the year, BYD overtook Volkswagen AG as the world’s third most valuable automaker, behind Toyota Motor Corp. and Tesla Inc.</p><p>Much of the movement stem from a stake matching the size of Berkshire Hathaway Inc.’s position in BYD appearing in Hong Kong’s stock market clearing system. Shares must enter the system before transactions can be settled, so are after often seen as a precursor to sales. Buffett’s Berkshire Hathaway hasn’t commented on the matter.</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BYD's First-Half Net Income Triples to Top End of Forecast</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBYD's First-Half Net Income Triples to Top End of Forecast\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-29 22:22 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-08-29/byd-s-first-half-net-income-triples-to-hit-top-end-of-forecast><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>BYD Co.’s net income rose to the top end ofguidanceit gave last month as record output and sales shielded China’s biggest electric-vehicle maker from Covid disruptions and supply-chain pain.Net income...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-08-29/byd-s-first-half-net-income-triples-to-hit-top-end-of-forecast\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BYDDY":"比亚迪ADR","01211":"比亚迪股份"},"source_url":"https://www.bloomberg.com/news/articles/2022-08-29/byd-s-first-half-net-income-triples-to-hit-top-end-of-forecast","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2263170068","content_text":"BYD Co.’s net income rose to the top end ofguidanceit gave last month as record output and sales shielded China’s biggest electric-vehicle maker from Covid disruptions and supply-chain pain.Net income in the six months through June tripled from a year earlier to 3.6 billion yuan ($521 million), the Shenzhen-based company said in a filing Monday. BYD had forecast net profit of between 2.8 billion and 3.6 billion yuan.Revenue was 150.6 billion yuan, up 66% from a year earlier thanks torecord monthly sales. Analysts forecast revenue of 166 billion yuan, according to data compiled by Bloomberg.BYD, which is backed by Warren Buffett, has managed supply-chain disruptions better than many others, including homegrown rivalsNio Inc.,XPeng Inc, andLi Auto Inc.as it makes components such as batteries and semiconductors. The company also avoided the majority ofShanghai’s Covid lockdownsbecause it has factories elsewhere.BYD sold more new energy cars in the first seven months of this year than in 2020 and 2021 combined. The group’s share of China’s NEV market reached 24.7% in the first half, the company said in Monday’s filing, citing data from the country’s automobile association.The company listed challenges including Covid-19 and the conflict between Russia and Ukraine that pushed up commodity prices and slowed economic growth. Sporadic virus outbreaks in China aggravated supply-chain tensions and increased uncertainty, it said.“China’s economy has seriously deviated from the normal track” and the development of the country’s automobile industry “has been severely compromised,” BYD said. Still, sales of NEVs are growing, helped by supportive government policies, it said.Revenue from automobiles and related products rose 130% to about 109 billion yuan in the first half, while handset components, assembly services and other products dropped 4.8% to 41 billion yuan, BYD said.Chinese Premier Li Keqiang toured BYD’s headquarters in Shenzhen earlier in August and vowed to boost already growing sales of electric cars and keep preferential policies in place. China is the world’s biggest EV market.BYD could deliver 1.5 to 2 million vehicles this year as capacity expands to meet a backlog of orders, according to Bloomberg Intelligence analysts Steve Man and Joanna Chen. “Higher selling prices and greater production scale should lift profitability,” they wrote in a research note dated Aug. 8.The company is expanding overseas, announcing sales in seven new markets in recent months, including Japan, Thailand and Germany.Shares are down about 1% this year, but wild swings in EV stocks mean BYD has fallen as much as 37% and climbed as much as 24% in the period. Earlier in the year, BYD overtook Volkswagen AG as the world’s third most valuable automaker, behind Toyota Motor Corp. and Tesla Inc.Much of the movement stem from a stake matching the size of Berkshire Hathaway Inc.’s position in BYD appearing in Hong Kong’s stock market clearing system. Shares must enter the system before transactions can be settled, so are after often seen as a precursor to sales. Buffett’s Berkshire Hathaway hasn’t commented on the matter.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9997651747,"gmtCreate":1661811835991,"gmtModify":1676536580765,"author":{"id":"3582922989777578","authorId":"3582922989777578","name":"SPOT_ON","avatar":"https://static.tigerbbs.com/080f029371339d9db26930961de6adb1","vip":1,"hat":"https://static.tigerbbs.com/a3dee1aa3a3a3c1814833a4d3f8a5669","crmLevel":4,"crmLevelSwitch":1,"idStr":"3582922989777578","authorIdStr":"3582922989777578"},"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9997651747","repostId":2263170068,"repostType":4,"repost":{"id":"2263170068","pubTimestamp":1661782945,"share":"https://ttm.financial/m/news/2263170068?lang=&edition=fundamental","pubTime":"2022-08-29 22:22","market":"hk","language":"en","title":"BYD's First-Half Net Income Triples to Top End of Forecast","url":"https://stock-news.laohu8.com/highlight/detail?id=2263170068","media":"Bloomberg","summary":"BYD Co.’s net income rose to the top end ofguidanceit gave last month as record output and sales shi","content":"<html><head></head><body><p>BYD Co.’s net income rose to the top end ofguidanceit gave last month as record output and sales shielded China’s biggest electric-vehicle maker from Covid disruptions and supply-chain pain.</p><p>Net income in the six months through June tripled from a year earlier to 3.6 billion yuan ($521 million), the Shenzhen-based company said in a filing Monday. BYD had forecast net profit of between 2.8 billion and 3.6 billion yuan.</p><p>Revenue was 150.6 billion yuan, up 66% from a year earlier thanks torecord monthly sales. Analysts forecast revenue of 166 billion yuan, according to data compiled by Bloomberg.<img src=\"https://static.tigerbbs.com/cea108ba228f3197fe99d4aafb4da39b\" tg-width=\"758\" tg-height=\"431\" referrerpolicy=\"no-referrer\"/></p><p>BYD, which is backed by Warren Buffett, has managed supply-chain disruptions better than many others, including homegrown rivalsNio Inc.,XPeng Inc, andLi Auto Inc.as it makes components such as batteries and semiconductors. The company also avoided the majority ofShanghai’s Covid lockdownsbecause it has factories elsewhere.</p><p>BYD sold more new energy cars in the first seven months of this year than in 2020 and 2021 combined. The group’s share of China’s NEV market reached 24.7% in the first half, the company said in Monday’s filing, citing data from the country’s automobile association.</p><p>The company listed challenges including Covid-19 and the conflict between Russia and Ukraine that pushed up commodity prices and slowed economic growth. Sporadic virus outbreaks in China aggravated supply-chain tensions and increased uncertainty, it said.</p><p>“China’s economy has seriously deviated from the normal track” and the development of the country’s automobile industry “has been severely compromised,” BYD said. Still, sales of NEVs are growing, helped by supportive government policies, it said.</p><p>Revenue from automobiles and related products rose 130% to about 109 billion yuan in the first half, while handset components, assembly services and other products dropped 4.8% to 41 billion yuan, BYD said.</p><p><img src=\"https://static.tigerbbs.com/02494cba7692913e5f96ec836e6c9884\" tg-width=\"733\" tg-height=\"442\" referrerpolicy=\"no-referrer\"/>Chinese Premier Li Keqiang toured BYD’s headquarters in Shenzhen earlier in August and vowed to boost already growing sales of electric cars and keep preferential policies in place. China is the world’s biggest EV market.</p><p>BYD could deliver 1.5 to 2 million vehicles this year as capacity expands to meet a backlog of orders, according to Bloomberg Intelligence analysts Steve Man and Joanna Chen. “Higher selling prices and greater production scale should lift profitability,” they wrote in a research note dated Aug. 8.</p><p>The company is expanding overseas, announcing sales in seven new markets in recent months, including Japan, Thailand and Germany.</p><p>Shares are down about 1% this year, but wild swings in EV stocks mean BYD has fallen as much as 37% and climbed as much as 24% in the period. Earlier in the year, BYD overtook Volkswagen AG as the world’s third most valuable automaker, behind Toyota Motor Corp. and Tesla Inc.</p><p>Much of the movement stem from a stake matching the size of Berkshire Hathaway Inc.’s position in BYD appearing in Hong Kong’s stock market clearing system. Shares must enter the system before transactions can be settled, so are after often seen as a precursor to sales. Buffett’s Berkshire Hathaway hasn’t commented on the matter.</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BYD's First-Half Net Income Triples to Top End of Forecast</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBYD's First-Half Net Income Triples to Top End of Forecast\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-29 22:22 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-08-29/byd-s-first-half-net-income-triples-to-hit-top-end-of-forecast><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>BYD Co.’s net income rose to the top end ofguidanceit gave last month as record output and sales shielded China’s biggest electric-vehicle maker from Covid disruptions and supply-chain pain.Net income...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-08-29/byd-s-first-half-net-income-triples-to-hit-top-end-of-forecast\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BYDDY":"比亚迪ADR","01211":"比亚迪股份"},"source_url":"https://www.bloomberg.com/news/articles/2022-08-29/byd-s-first-half-net-income-triples-to-hit-top-end-of-forecast","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2263170068","content_text":"BYD Co.’s net income rose to the top end ofguidanceit gave last month as record output and sales shielded China’s biggest electric-vehicle maker from Covid disruptions and supply-chain pain.Net income in the six months through June tripled from a year earlier to 3.6 billion yuan ($521 million), the Shenzhen-based company said in a filing Monday. BYD had forecast net profit of between 2.8 billion and 3.6 billion yuan.Revenue was 150.6 billion yuan, up 66% from a year earlier thanks torecord monthly sales. Analysts forecast revenue of 166 billion yuan, according to data compiled by Bloomberg.BYD, which is backed by Warren Buffett, has managed supply-chain disruptions better than many others, including homegrown rivalsNio Inc.,XPeng Inc, andLi Auto Inc.as it makes components such as batteries and semiconductors. The company also avoided the majority ofShanghai’s Covid lockdownsbecause it has factories elsewhere.BYD sold more new energy cars in the first seven months of this year than in 2020 and 2021 combined. The group’s share of China’s NEV market reached 24.7% in the first half, the company said in Monday’s filing, citing data from the country’s automobile association.The company listed challenges including Covid-19 and the conflict between Russia and Ukraine that pushed up commodity prices and slowed economic growth. Sporadic virus outbreaks in China aggravated supply-chain tensions and increased uncertainty, it said.“China’s economy has seriously deviated from the normal track” and the development of the country’s automobile industry “has been severely compromised,” BYD said. Still, sales of NEVs are growing, helped by supportive government policies, it said.Revenue from automobiles and related products rose 130% to about 109 billion yuan in the first half, while handset components, assembly services and other products dropped 4.8% to 41 billion yuan, BYD said.Chinese Premier Li Keqiang toured BYD’s headquarters in Shenzhen earlier in August and vowed to boost already growing sales of electric cars and keep preferential policies in place. China is the world’s biggest EV market.BYD could deliver 1.5 to 2 million vehicles this year as capacity expands to meet a backlog of orders, according to Bloomberg Intelligence analysts Steve Man and Joanna Chen. “Higher selling prices and greater production scale should lift profitability,” they wrote in a research note dated Aug. 8.The company is expanding overseas, announcing sales in seven new markets in recent months, including Japan, Thailand and Germany.Shares are down about 1% this year, but wild swings in EV stocks mean BYD has fallen as much as 37% and climbed as much as 24% in the period. Earlier in the year, BYD overtook Volkswagen AG as the world’s third most valuable automaker, behind Toyota Motor Corp. and Tesla Inc.Much of the movement stem from a stake matching the size of Berkshire Hathaway Inc.’s position in BYD appearing in Hong Kong’s stock market clearing system. Shares must enter the system before transactions can be settled, so are after often seen as a precursor to sales. Buffett’s Berkshire Hathaway hasn’t commented on the matter.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9997681247,"gmtCreate":1661809074691,"gmtModify":1676536579943,"author":{"id":"3578090151890801","authorId":"3578090151890801","name":"rich9888H","avatar":"https://static.tigerbbs.com/302dcd19af3f2e77b41a1d01cd84d518","vip":1,"hat":"https://static.tigerbbs.com/0a8758340a08196056f8bc1e54805193","crmLevel":4,"crmLevelSwitch":1,"idStr":"3578090151890801","authorIdStr":"3578090151890801"},"htmlText":"Great 👍","listText":"Great 👍","text":"Great 👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9997681247","repostId":2263170068,"repostType":4,"repost":{"id":"2263170068","pubTimestamp":1661782945,"share":"https://ttm.financial/m/news/2263170068?lang=&edition=fundamental","pubTime":"2022-08-29 22:22","market":"hk","language":"en","title":"BYD's First-Half Net Income Triples to Top End of Forecast","url":"https://stock-news.laohu8.com/highlight/detail?id=2263170068","media":"Bloomberg","summary":"BYD Co.’s net income rose to the top end ofguidanceit gave last month as record output and sales shi","content":"<html><head></head><body><p>BYD Co.’s net income rose to the top end ofguidanceit gave last month as record output and sales shielded China’s biggest electric-vehicle maker from Covid disruptions and supply-chain pain.</p><p>Net income in the six months through June tripled from a year earlier to 3.6 billion yuan ($521 million), the Shenzhen-based company said in a filing Monday. BYD had forecast net profit of between 2.8 billion and 3.6 billion yuan.</p><p>Revenue was 150.6 billion yuan, up 66% from a year earlier thanks torecord monthly sales. Analysts forecast revenue of 166 billion yuan, according to data compiled by Bloomberg.<img src=\"https://static.tigerbbs.com/cea108ba228f3197fe99d4aafb4da39b\" tg-width=\"758\" tg-height=\"431\" referrerpolicy=\"no-referrer\"/></p><p>BYD, which is backed by Warren Buffett, has managed supply-chain disruptions better than many others, including homegrown rivalsNio Inc.,XPeng Inc, andLi Auto Inc.as it makes components such as batteries and semiconductors. The company also avoided the majority ofShanghai’s Covid lockdownsbecause it has factories elsewhere.</p><p>BYD sold more new energy cars in the first seven months of this year than in 2020 and 2021 combined. The group’s share of China’s NEV market reached 24.7% in the first half, the company said in Monday’s filing, citing data from the country’s automobile association.</p><p>The company listed challenges including Covid-19 and the conflict between Russia and Ukraine that pushed up commodity prices and slowed economic growth. Sporadic virus outbreaks in China aggravated supply-chain tensions and increased uncertainty, it said.</p><p>“China’s economy has seriously deviated from the normal track” and the development of the country’s automobile industry “has been severely compromised,” BYD said. Still, sales of NEVs are growing, helped by supportive government policies, it said.</p><p>Revenue from automobiles and related products rose 130% to about 109 billion yuan in the first half, while handset components, assembly services and other products dropped 4.8% to 41 billion yuan, BYD said.</p><p><img src=\"https://static.tigerbbs.com/02494cba7692913e5f96ec836e6c9884\" tg-width=\"733\" tg-height=\"442\" referrerpolicy=\"no-referrer\"/>Chinese Premier Li Keqiang toured BYD’s headquarters in Shenzhen earlier in August and vowed to boost already growing sales of electric cars and keep preferential policies in place. China is the world’s biggest EV market.</p><p>BYD could deliver 1.5 to 2 million vehicles this year as capacity expands to meet a backlog of orders, according to Bloomberg Intelligence analysts Steve Man and Joanna Chen. “Higher selling prices and greater production scale should lift profitability,” they wrote in a research note dated Aug. 8.</p><p>The company is expanding overseas, announcing sales in seven new markets in recent months, including Japan, Thailand and Germany.</p><p>Shares are down about 1% this year, but wild swings in EV stocks mean BYD has fallen as much as 37% and climbed as much as 24% in the period. Earlier in the year, BYD overtook Volkswagen AG as the world’s third most valuable automaker, behind Toyota Motor Corp. and Tesla Inc.</p><p>Much of the movement stem from a stake matching the size of Berkshire Hathaway Inc.’s position in BYD appearing in Hong Kong’s stock market clearing system. Shares must enter the system before transactions can be settled, so are after often seen as a precursor to sales. Buffett’s Berkshire Hathaway hasn’t commented on the matter.</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BYD's First-Half Net Income Triples to Top End of Forecast</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBYD's First-Half Net Income Triples to Top End of Forecast\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-29 22:22 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-08-29/byd-s-first-half-net-income-triples-to-hit-top-end-of-forecast><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>BYD Co.’s net income rose to the top end ofguidanceit gave last month as record output and sales shielded China’s biggest electric-vehicle maker from Covid disruptions and supply-chain pain.Net income...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-08-29/byd-s-first-half-net-income-triples-to-hit-top-end-of-forecast\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BYDDY":"比亚迪ADR","01211":"比亚迪股份"},"source_url":"https://www.bloomberg.com/news/articles/2022-08-29/byd-s-first-half-net-income-triples-to-hit-top-end-of-forecast","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2263170068","content_text":"BYD Co.’s net income rose to the top end ofguidanceit gave last month as record output and sales shielded China’s biggest electric-vehicle maker from Covid disruptions and supply-chain pain.Net income in the six months through June tripled from a year earlier to 3.6 billion yuan ($521 million), the Shenzhen-based company said in a filing Monday. BYD had forecast net profit of between 2.8 billion and 3.6 billion yuan.Revenue was 150.6 billion yuan, up 66% from a year earlier thanks torecord monthly sales. Analysts forecast revenue of 166 billion yuan, according to data compiled by Bloomberg.BYD, which is backed by Warren Buffett, has managed supply-chain disruptions better than many others, including homegrown rivalsNio Inc.,XPeng Inc, andLi Auto Inc.as it makes components such as batteries and semiconductors. The company also avoided the majority ofShanghai’s Covid lockdownsbecause it has factories elsewhere.BYD sold more new energy cars in the first seven months of this year than in 2020 and 2021 combined. The group’s share of China’s NEV market reached 24.7% in the first half, the company said in Monday’s filing, citing data from the country’s automobile association.The company listed challenges including Covid-19 and the conflict between Russia and Ukraine that pushed up commodity prices and slowed economic growth. Sporadic virus outbreaks in China aggravated supply-chain tensions and increased uncertainty, it said.“China’s economy has seriously deviated from the normal track” and the development of the country’s automobile industry “has been severely compromised,” BYD said. Still, sales of NEVs are growing, helped by supportive government policies, it said.Revenue from automobiles and related products rose 130% to about 109 billion yuan in the first half, while handset components, assembly services and other products dropped 4.8% to 41 billion yuan, BYD said.Chinese Premier Li Keqiang toured BYD’s headquarters in Shenzhen earlier in August and vowed to boost already growing sales of electric cars and keep preferential policies in place. China is the world’s biggest EV market.BYD could deliver 1.5 to 2 million vehicles this year as capacity expands to meet a backlog of orders, according to Bloomberg Intelligence analysts Steve Man and Joanna Chen. “Higher selling prices and greater production scale should lift profitability,” they wrote in a research note dated Aug. 8.The company is expanding overseas, announcing sales in seven new markets in recent months, including Japan, Thailand and Germany.Shares are down about 1% this year, but wild swings in EV stocks mean BYD has fallen as much as 37% and climbed as much as 24% in the period. Earlier in the year, BYD overtook Volkswagen AG as the world’s third most valuable automaker, behind Toyota Motor Corp. and Tesla Inc.Much of the movement stem from a stake matching the size of Berkshire Hathaway Inc.’s position in BYD appearing in Hong Kong’s stock market clearing system. Shares must enter the system before transactions can be settled, so are after often seen as a precursor to sales. Buffett’s Berkshire Hathaway hasn’t commented on the matter.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9997848188,"gmtCreate":1661784824148,"gmtModify":1676536578272,"author":{"id":"4092995662740600","authorId":"4092995662740600","name":"skyblue8","avatar":"https://static.tigerbbs.com/47ce6f29ae4a66da5881dacedb8d4754","vip":1,"crmLevel":5,"crmLevelSwitch":1,"idStr":"4092995662740600","authorIdStr":"4092995662740600"},"htmlText":"Seems the stronger bet amongst all the Chinese EVs","listText":"Seems the stronger bet amongst all the Chinese EVs","text":"Seems the stronger bet amongst all the Chinese EVs","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9997848188","repostId":2263170068,"repostType":4,"repost":{"id":"2263170068","pubTimestamp":1661782945,"share":"https://ttm.financial/m/news/2263170068?lang=&edition=fundamental","pubTime":"2022-08-29 22:22","market":"hk","language":"en","title":"BYD's First-Half Net Income Triples to Top End of Forecast","url":"https://stock-news.laohu8.com/highlight/detail?id=2263170068","media":"Bloomberg","summary":"BYD Co.’s net income rose to the top end ofguidanceit gave last month as record output and sales shi","content":"<html><head></head><body><p>BYD Co.’s net income rose to the top end ofguidanceit gave last month as record output and sales shielded China’s biggest electric-vehicle maker from Covid disruptions and supply-chain pain.</p><p>Net income in the six months through June tripled from a year earlier to 3.6 billion yuan ($521 million), the Shenzhen-based company said in a filing Monday. BYD had forecast net profit of between 2.8 billion and 3.6 billion yuan.</p><p>Revenue was 150.6 billion yuan, up 66% from a year earlier thanks torecord monthly sales. Analysts forecast revenue of 166 billion yuan, according to data compiled by Bloomberg.<img src=\"https://static.tigerbbs.com/cea108ba228f3197fe99d4aafb4da39b\" tg-width=\"758\" tg-height=\"431\" referrerpolicy=\"no-referrer\"/></p><p>BYD, which is backed by Warren Buffett, has managed supply-chain disruptions better than many others, including homegrown rivalsNio Inc.,XPeng Inc, andLi Auto Inc.as it makes components such as batteries and semiconductors. The company also avoided the majority ofShanghai’s Covid lockdownsbecause it has factories elsewhere.</p><p>BYD sold more new energy cars in the first seven months of this year than in 2020 and 2021 combined. The group’s share of China’s NEV market reached 24.7% in the first half, the company said in Monday’s filing, citing data from the country’s automobile association.</p><p>The company listed challenges including Covid-19 and the conflict between Russia and Ukraine that pushed up commodity prices and slowed economic growth. Sporadic virus outbreaks in China aggravated supply-chain tensions and increased uncertainty, it said.</p><p>“China’s economy has seriously deviated from the normal track” and the development of the country’s automobile industry “has been severely compromised,” BYD said. Still, sales of NEVs are growing, helped by supportive government policies, it said.</p><p>Revenue from automobiles and related products rose 130% to about 109 billion yuan in the first half, while handset components, assembly services and other products dropped 4.8% to 41 billion yuan, BYD said.</p><p><img src=\"https://static.tigerbbs.com/02494cba7692913e5f96ec836e6c9884\" tg-width=\"733\" tg-height=\"442\" referrerpolicy=\"no-referrer\"/>Chinese Premier Li Keqiang toured BYD’s headquarters in Shenzhen earlier in August and vowed to boost already growing sales of electric cars and keep preferential policies in place. China is the world’s biggest EV market.</p><p>BYD could deliver 1.5 to 2 million vehicles this year as capacity expands to meet a backlog of orders, according to Bloomberg Intelligence analysts Steve Man and Joanna Chen. “Higher selling prices and greater production scale should lift profitability,” they wrote in a research note dated Aug. 8.</p><p>The company is expanding overseas, announcing sales in seven new markets in recent months, including Japan, Thailand and Germany.</p><p>Shares are down about 1% this year, but wild swings in EV stocks mean BYD has fallen as much as 37% and climbed as much as 24% in the period. Earlier in the year, BYD overtook Volkswagen AG as the world’s third most valuable automaker, behind Toyota Motor Corp. and Tesla Inc.</p><p>Much of the movement stem from a stake matching the size of Berkshire Hathaway Inc.’s position in BYD appearing in Hong Kong’s stock market clearing system. Shares must enter the system before transactions can be settled, so are after often seen as a precursor to sales. Buffett’s Berkshire Hathaway hasn’t commented on the matter.</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BYD's First-Half Net Income Triples to Top End of Forecast</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBYD's First-Half Net Income Triples to Top End of Forecast\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-29 22:22 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-08-29/byd-s-first-half-net-income-triples-to-hit-top-end-of-forecast><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>BYD Co.’s net income rose to the top end ofguidanceit gave last month as record output and sales shielded China’s biggest electric-vehicle maker from Covid disruptions and supply-chain pain.Net income...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-08-29/byd-s-first-half-net-income-triples-to-hit-top-end-of-forecast\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BYDDY":"比亚迪ADR","01211":"比亚迪股份"},"source_url":"https://www.bloomberg.com/news/articles/2022-08-29/byd-s-first-half-net-income-triples-to-hit-top-end-of-forecast","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2263170068","content_text":"BYD Co.’s net income rose to the top end ofguidanceit gave last month as record output and sales shielded China’s biggest electric-vehicle maker from Covid disruptions and supply-chain pain.Net income in the six months through June tripled from a year earlier to 3.6 billion yuan ($521 million), the Shenzhen-based company said in a filing Monday. BYD had forecast net profit of between 2.8 billion and 3.6 billion yuan.Revenue was 150.6 billion yuan, up 66% from a year earlier thanks torecord monthly sales. Analysts forecast revenue of 166 billion yuan, according to data compiled by Bloomberg.BYD, which is backed by Warren Buffett, has managed supply-chain disruptions better than many others, including homegrown rivalsNio Inc.,XPeng Inc, andLi Auto Inc.as it makes components such as batteries and semiconductors. The company also avoided the majority ofShanghai’s Covid lockdownsbecause it has factories elsewhere.BYD sold more new energy cars in the first seven months of this year than in 2020 and 2021 combined. The group’s share of China’s NEV market reached 24.7% in the first half, the company said in Monday’s filing, citing data from the country’s automobile association.The company listed challenges including Covid-19 and the conflict between Russia and Ukraine that pushed up commodity prices and slowed economic growth. Sporadic virus outbreaks in China aggravated supply-chain tensions and increased uncertainty, it said.“China’s economy has seriously deviated from the normal track” and the development of the country’s automobile industry “has been severely compromised,” BYD said. Still, sales of NEVs are growing, helped by supportive government policies, it said.Revenue from automobiles and related products rose 130% to about 109 billion yuan in the first half, while handset components, assembly services and other products dropped 4.8% to 41 billion yuan, BYD said.Chinese Premier Li Keqiang toured BYD’s headquarters in Shenzhen earlier in August and vowed to boost already growing sales of electric cars and keep preferential policies in place. China is the world’s biggest EV market.BYD could deliver 1.5 to 2 million vehicles this year as capacity expands to meet a backlog of orders, according to Bloomberg Intelligence analysts Steve Man and Joanna Chen. “Higher selling prices and greater production scale should lift profitability,” they wrote in a research note dated Aug. 8.The company is expanding overseas, announcing sales in seven new markets in recent months, including Japan, Thailand and Germany.Shares are down about 1% this year, but wild swings in EV stocks mean BYD has fallen as much as 37% and climbed as much as 24% in the period. Earlier in the year, BYD overtook Volkswagen AG as the world’s third most valuable automaker, behind Toyota Motor Corp. and Tesla Inc.Much of the movement stem from a stake matching the size of Berkshire Hathaway Inc.’s position in BYD appearing in Hong Kong’s stock market clearing system. Shares must enter the system before transactions can be settled, so are after often seen as a precursor to sales. Buffett’s Berkshire Hathaway hasn’t commented on the matter.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":66,"commentSize":9,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2263170068"}