Byd Company Limited’s Net Profit Rose 379.4% in First Quarter of 2023

Byd Company Limited (比亚迪股份有限公司) (002594.SZ) reported a net profit of 4.4 billion yuan in the first quarter of 2023, up 379.4% year-on-year.

Meanwhile, the company posted 120.2 billion yuan in revenue, up 79.8% year-on-year.

At the end of the reporting period, it had 547.1 billion yuan in total assets and 421 billion yuan in total liabilities, with a liability-to-asset ratio of 77%.