Summary by Moomoo AI
Byd Company Limited achieved revenue of approximately 201.1 billion in the third quarter of 2024, a year-on-year increase of 24.04%; net profit reached 11.6 billion, a year-on-year increase of 11.47%. Year to date, revenue reached 502.2 billion, a year-on-year increase of 18.94%; net profit 25.2 billion, a year-on-year increase of 18.12%; net cash flow from operating activities was 56.2 billion, a decrease of 42.5% compared to the same period last year. Management pointed out that revenue growth was mainly driven by the automobiles business, supported by increased bank financial management and prepayments for material procurement to expand the business. Despite the decrease in cash flow, the company maintains a strong balance sheet, with total assets growing by 12.47% to 764.2 billion. Looking ahead, company executives are increasing their shareholding, showing confidence in the prospects of the new energy fund industry and the company's development. Key risks include fluctuations in market demand and exchange rate changes. The company will continue to focus on technological innovation and market expansion to address challenges.
