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Automakers Earnings Reports season | Revenue hitting a record high, net profit closing in on Tesla. BYD enters a period of intensive product launches after achieving its best Earnings Reports ever.
① BYD's total revenue for the full year of 2024 reached 777.102 billion yuan, a year-on-year increase of 29.02%; the net income attributable to shareholders of the listed company reached 40.254 billion yuan, a year-on-year increase of 34%. ② In 2024, BYD's cumulative sales reached 4.2721 million vehicles, a significant year-on-year increase of 41.26%. ③ BYD's debt-to-asset ratio for 2024 was 77.55%, slightly down from the end of the previous year.
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