BYD Net Profit Slips in Q4 Despite Revenue Hits Record High
BYD Net Profit Slips in Q4 Despite Revenue Hits Record High
A heated price war in China's NEV sector late last year and incentives offered by BYD to dealers may have dragged down profits.
去年年底，中國新能源汽車行業激烈的價格戰以及比亞迪向經銷商提供的激勵措施可能拖累了利潤。
BYD (HKG: 1211, OTCMKTS: BYDDY) saw its net profit slip in the fourth quarter of 2023 from the previous quarter, despite record sales and revenue, likely dragged down by a year-end price war that heated up.
比亞迪（HKG：1211，OTCMKTS：BYDY）2023年第四季度的淨利潤較上一季度有所下降，儘管銷售和收入創歷史新高，這可能是受年終價格戰升溫的拖累。
The new energy vehicle (NEV) maker reported record revenue of RMB 180 billion ($24.9 billion) in the fourth quarter of 2023, up 15.14 percent year-on-year and up 33.56 percent from the third quarter, according to its earnings report released today.
根據今天發佈的業績，這家新能源汽車（NEV）製造商報告稱，2023年第四季度收入達到創紀錄的1800億元人民幣（合249億美元），同比增長15.14％，較第三季度增長33.56％。
Previously released figures showed that BYD sold 944,779 NEVs in the fourth quarter, up 38.24 percent year-on-year and up 14.66 percent from the third quarter.
此前公佈的數據顯示，比亞迪在第四季度售出了944,779輛新能源汽車，同比增長38.24％，比第三季度增長14.66％。
BYD reported a net profit of RMB 8.67 billion in the fourth quarter, up 18.66 percent year-on-year but down 16.70 percent from the third quarter.
比亞迪公佈第四季度淨利潤爲86.7億元人民幣，同比增長18.66％，但比第三季度下降16.70％。
This could be due to the heating up of the price war in China's NEV industry late last year, as well as BYD's incentives for dealers.
這可能是由於去年年底中國新能源汽車行業的價格戰升溫，以及比亞迪對經銷商的激勵措施。
In November and December last year, BYD offered official purchase discounts on a number of models, including the Seal, Song Plus, Chaser 05, Frigate 07, Han, and Tang, with discounts as high as RMB 20,000 on some models.
去年11月和12月，比亞迪對包括Seal、Song Plus、Chaser 05、Frigate 07、漢和唐在內的多款車型提供了官方購買折扣，部分車型的折扣高達2萬元人民幣。
In addition, BYD sold 3,024,417 NEVs in 2023, reaching its target of 3 million units.
此外，比亞迪在2023年售出了3,024,417輛新能源汽車，實現了300萬輛的目標。
After reaching its sales target, BYD was expected to reward dealers with RMB 2 billion, local media outlet Yicai said in a January 2 report, citing several people familiar with the matter.
當地媒體易才在1月2日的一份報告中援引幾位知情人士的話說，在實現銷售目標後，預計比亞迪將向經銷商獎勵20億元人民幣。
($1 = RMB 7.2187)
($1 = 人民幣 7.2187)
BYD sees 7 millionth NEV roll off assembly line
比亞迪預計第700萬輛新能源汽車下線