While the global new energy vehicle industry is still facing the problem of “lack of core and less lithium”, the sales performance of Byd Company Limited(002594) has exceeded the industry expectation again.
On May 3, Byd Company Limited(002594) issued an announcement at the Hong Kong stock exchange. In April, the company sold 106000 new energy vehicles, up 313.22% from 25700 in the same period of last year. From January to April, Byd Company Limited(002594) accumulated sales of 392400 vehicles, with a year-on-year increase of 387.94%.
It is noteworthy that the output and sales volume of Byd Company Limited(002594) fuel vehicles in April were 0.5% At the beginning of April this year, Byd Company Limited(002594) has officially announced that according to the company’s strategic development needs, Byd Company Limited(002594) will stop the whole vehicle production of fuel vehicles from March 2022.
monthly sales exceeded 100000 for two consecutive months
Recently, affected by the epidemic, auto parts enterprises in many parts of the country have stopped production and shutdown, which has seriously affected the production and delivery rhythm of vehicle enterprises.
According to the “report card” of delivery disclosed by many new car manufacturers, in April, the delivery volume of Zero run automobile, Xiaopeng automobile, Nezha automobile, Weilai automobile and ideal automobile collectively fell below 10000, showing negative growth month on month.
For the decline in delivery, many new energy vehicle enterprises attributed the core reason to the insufficient supply of parts.
However, while the whole industry is suffering from the difficulties of the supply chain, the leading enterprise of new energy vehicles Byd Company Limited(002594) has achieved a sharp rise against the trend Byd Company Limited(002594) disclosed that in April, the company sold 106000 new energy vehicles, an increase of 313.22% year-on-year.
Since March this year, Byd Company Limited(002594) new energy vehicles have sold more than 100000 vehicles for two consecutive months. According to relevant data, in March, Byd Company Limited(002594) new energy vehicles sold 104900 vehicles, a year-on-year increase of 333.06%.
In 2022, Byd Company Limited(002594) the sales volume of new energy vehicles increased rapidly, with a cumulative sales volume of 392400 vehicles from January to April, a year-on-year increase of 387.94%.
Not long ago, the Byd Company Limited(002594) official news said that the 200000 new cars of Byd Company Limited(002594) Han have been offline in Byd Company Limited(002594) Shenzhen factory, becoming the first Chinese brand car to reach a “price and offline double 200000 +”.
According to the analysis of insiders, Byd Company Limited(002594) sales soared for several reasons. On the one hand, the company has layout and involvement in power batteries, semiconductors and other fields, which can effectively alleviate the pressure from the supply chain level; On the other hand, through early accumulation, Byd Company Limited(002594) has established a solid reputation in the market. Even under the background of the general rise in the price of new energy vehicles, Byd Company Limited(002594) also has stronger premium ability compared with other brands.
According to the Research Report of Guolian Securities Co.Ltd(601456) , Byd Company Limited(002594) automobile has independent and mature industrial chains in battery, motor and electronic control, and accurately positioned the market demand. Recently, under the background of rising oil prices, Byd Company Limited(002594) hybrid models have made great efforts, and the use cost advantage has been further highlighted.
According to the announcement, in April this year, Byd Company Limited(002594) plug-in hybrid models sold 48000 vehicles, a year-on-year increase of more than four times. From January to April, Byd Company Limited(002594) plug-in hybrid models sold 189600 vehicles, up 699.91% year-on-year.
Shao Jiang, chief analyst of Minsheng securities automobile, believes that Byd Company Limited(002594) officially shutting down fuel vehicles will accelerate the layout of the company in pure electric and hybrid models. 2022 is a strong product cycle year of Byd Company Limited(002594) the company’s differentiated product network will continue to help the company give play to the brand premium effect and promote the company’s sales volume to continue to exceed expectations.
several securities companies are optimistic about the company’s profit level in the second quarter
The continuous rise of sales volume has driven the performance growth of Byd Company Limited(002594) . On April 27, Byd Company Limited(002594) disclosed the first quarterly report. From January to March, the company realized an operating revenue of 66.825 billion yuan, an increase of 63.02% year-on-year; The net profit was 808 million yuan, a year-on-year increase of 240.59%; The basic earnings per share is 0.28 yuan.
According to the analysis of several securities companies, the performance of Byd Company Limited(002594) q1 quarter exceeded the industry expectations. It is understood that 2022 is the product year of Byd Company Limited(002594) and the company will be based on E3 0 platform and DMI technology to launch a variety of products. Therefore, Huaan Securities Co.Ltd(600909) gives the judgment that “the company’s sales volume is expected to be 1.5-2 million in 2022”. Meanwhile, according to the analysis of the securities firm, Byd Company Limited(002594) the positive impact of the early price rise did not fully appear in the first quarter. It is expected that with the gradual confirmation of the company’s price rise and the steady climbing of sales volume, the company’s profitability is expected to increase month on month in the second quarter of 2022.
Haitong international also believes that there are many orders for Byd Company Limited(002594) in hand at present, and the positive impact of price rise on profits is expected to be gradually reflected from the second quarter.
In addition, in the long run, Minsheng Securities believes that Byd Company Limited(002594) is gradually showing its subversive technological advantages in blade battery, DM-I super hybrid, E platform 3.0 and so on. Through the integration of new energy technologies, strong product power will become a sharp weapon for the company to make breakthroughs. On the industrial side, the IPO audit of Byd Company Limited(002594) semiconductor continues to advance smoothly. The Byd Company Limited(002594) power battery business will establish cooperation with Weilai and Xiaomi, and the gap with the head battery enterprise Contemporary Amperex Technology Co.Limited(300750) is expected to gradually narrow. Based on this, with the external expansion of parts business and the multiple acceleration of vehicle strong product cycle, the company’s long-term logic continues to be fulfilled, and the inflection point of secondary growth has come.
