Sunday, July 14, 2024

BYD’s net profit in 2020 increased by 162% year on year, and the e-cigarette business released this year


BYD released its annual report for 2020. In 2020, the company achieved an operating revenue of 156.598 billion yuan, a year-on-year increase of 22.59%; the net profit attributable to shareholders of listed companies (hereinafter referred to as net profit) was 4.234 billion yuan, a year-on-year increase of 162.27%; the net profit attributable to shareholders of listed companies after deducting non recurring profits and losses was 2.954 billion yuan, a year-on-year increase of 1181.50%. A cash dividend of 1.48 yuan (tax included) will be distributed for every 10 shares. According to the annual report, the e-cigarette business will enter a large-scale period in 2021.

All along, BYD has maintained a state of increasing revenue but not profit. From the financial data since 2012, its operating revenue has basically maintained growth. In 2020, BYD stopped the continuous decline of net profit in the previous four years and achieved the second best net profit performance in history, only next to the 5.05 billion in 2016.

BYD is mainly engaged in automobile business including new energy vehicles and traditional fuel vehicles, mobile phone parts and assembly business, rechargeable battery and photovoltaic business, and actively expand the business field of urban rail transit.

It is worth noting that, according to the 2020 annual report, BYD will grasp the huge business opportunities in emerging business areas, lay out business areas in multiple dimensions, strive to expand categories, increase R & D investment, upgrade product technology, strive to expand new customers and continuously increase market share in 2021. In particular, the electronic atomization equipment, UAV, smart home and other business sectors will enter a large-scale period, promoting the group’s business into a high-speed growth track.

Among them, “electronic atomization equipment” is one of the important equipment of electronic cigarette. BYD’s annual report no doubt confirmed that it had entered the e-cigarette industry chain.

The news began with a patent message in January 2021. According to the enterprise search app, BYD disclosed the patent information of “an e-cigarette” on January 19, with the patent publication number of cn212368321u. Based on the smoke concentration or temperature and other parameters detected by the sensor, this patent calculates the current number of remaining extractable ports of the e-cigarette and displays them on the display, so that the users of the e-cigarette can know the remaining extractable ports of the e-cigarette in real time The number of puffs enables users to have a clear understanding of the use expectation of e-cigarettes, avoids users’ anxiety, and improves the user experience of e-cigarettes.

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