BYD's first quarter financial report for 2024 is released, with both revenue and profit reaching new highs

BYD achieved remarkable results in the first quarter of 2024, with total revenue reaching 124.94 billion yuan, net profit (after deducting non-recurring gains and losses) of 3.75 billion yuan, and gross profit margin reaching 21.88%. This achievement is due to the company's strong performance in the automotive business. The automotive revenue in the first quarter is expected to be 99.96 billion yuan, with a gross profit margin of 24.9%.