In Q4 2024, BYD's revenue reached 274.85 billion RMB, representing a year-on-year increase of 52.7% and a quarter-on-quarter increase of 36.7%. For the full year of 2024, BYD's revenue reached 777.1 billion RMB, setting a new record with a year-on-year growth of 29.0%, surpassing the market's expectation of 766 billion RMB. In USD terms, BYD's annual sales exceeded $100 billion for the first time in history, surpassing Tesla's 2024 revenue of $97.7 billion, further solidifying BYD's leadership position in the global automotive industry.

In terms of profitability, BYD reported a net profit of 15.02 billion RMB in Q4, a 73.1% year-on-year increase and a 29.4% quarter-on-quarter increase, setting a new historical high. The company's annual net profit for 2024 increased by 34.0% to 40.25 billion RMB, exceeding the expected 39.5 billion RMB. This demonstrates the company's strong performance in profitability and business expansion. Additionally, BYD announced a cash dividend of 39.74 RMB per 10 shares, rewarding shareholders with the company's impressive results.

BYD’s growth was primarily driven by strong sales and enhanced product capabilities. In 2024, BYD's global sales reached 4.272 million units, a 41% year-on-year increase, maintaining its position as the leading automaker and brand in the Chinese automotive market, as well as the global leader in the new energy vehicle market, achieving the "Triple Crown" title. BYD projects that its vehicle sales in 2025 will range from 5 million to 6 million units. Based on data from the first two months of this year, sales grew by 93% year-on-year, reaching 623,300 units, reflecting strong market demand.

How to purchase BYD on uSMART

First, log into the uSMART HK app and tap the 'Search' option in the top-right corner of the page. Enter the stock code, such as '01211.HK,' to access the detail page where you can view trading details and historical trends. Next, tap the 'Trade' button in the bottom-right corner and select the 'Buy/Sell' option. Finally, fill in your trading conditions and submit the order.

(Image source: uSMART HK)