2024-09-05
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it home reported on september 5 that on august 28, byd released its financial report for the first half of 2024, showing that the company's total revenue in the first half of the year reached 301.127 billion yuan, a year-on-year increase of 15.76%. net profit reached 13.631 billion yuan, a significant year-on-year increase of 24.44%.
in terms of r&d investment, byd invested 20.2 billion yuan in the first half of the year, an increase of 42% over the same period last year. this figure is about 6.6 billion yuan higher than the net profit in the same period. so far, byd's cumulative r&d investment has approached 150 billion yuan.
it home noted that li yunfei, general manager of byd group's brand and public relations department, said on weibo yesterday that among more than 5,300 a-share listed companies, byd ranked first in r&d expenses in the first half of 2024. in addition, he also emphasized that byd's number of r&d personnel has exceeded 100,000, ranking first among global automakers.
the financial report also shows that byd has applied for more than 48,000 patents worldwide, of which more than 30,000 are authorized patents.
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