BYD shares traded in China's A-shares rose 3.04 percent to close at RMB 190.44 on Nov. 6, bringing its market capitalization to RMB 519.5 billion. Since the beginning of the year, BYD's share price has risen as much as 295 percent.
This is backed by BYD's business performance. According to BYD's third-quarter financial results released on October 29, BYD's revenue in the first three quarters grew 11.94% year-on-year to 105.023 billion RMB, and net profit grew 116.83% year-on-year to 3.414 billion RMB.
BYD's net profit for the third quarter was RMB 1.75 billion, up a whopping 1,362.66% year-on-year.
BYD expects its full-year 2020 net profit to be between RMB 4.2 billion and RMB 4.6 billion, up 160.15%-184.93% year-on-year.
In the first month of the fourth quarter, BYD performed well in terms of car sales, it sold 47,732 vehicles in October, of which 23,217 were new energy vehicles, up 84.75% year-on-year.
BYD's October car sales up 16 percent year-on-year to 47,732 units
According to BYD's official information, BYD Han (including EV and DM versions) sold a total of 7,545 new cars in October, up 34.45 percent from the previous month.
"Since its launch in July, BYD has sold a total of 18,362 vehicles, accounting for 34.32% of BYD's new energy vehicle sales.
It should be noted that, BYD "Han" sales because of BYD this year's latest development of the "blade battery" blade battery production capacity impact, has not been fully released.
BYD said, before the end of 2020 in Fodi Chongqing plant and then new 8 production lines, to achieve more than 20GWh of annual production capacity. Analysts expect, with the "blade battery" production capacity climbing, "Han" sales will have a better performance.
For the future performance of BYD market capitalization, institutions and observers are generally optimistic. CITIC Securities believes that the "Han" launch, drive the upgrade of BYD brand.
At the same time, BYD's value in the supply chain is huge, with its semiconductor, power battery and other key business split to accelerate the landing, is expected to promote the value of revaluation, so continue to focus on recommendations, maintain a "buy" rating.
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Other observers believe that the battery manufacturer CATL market capitalization of 600 billion yuan, Tesla market capitalization is also as high as $ 400 billion, so the ability to more comprehensive BYD should continue to rise, and there should be a lot of room for growth.
The strong performance of BYD shares and the future of imagination, but also attracts investment institutions intensive visits and research. since November, Yangtze River Securities, Dong Wu Securities, Everbright Securities, Hua An Fund have conducted research on BYD.
The following is the key content of their communication with BYD.
Question 1: "Han" sales of how the situation?
A: Before its launch, "Han" has been receiving a lot of attention from the market, and after its launch, it has been well received, with sales increasing month after month, and the cumulative sales volume has now exceeded 10,000 units.
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Question 2: What is the production capacity of the Han?
A: At present, the company has sufficient orders for "Han" on sale, and the production capacity is also in the process of gradual release.
Q3: What measures will BYD take to optimize its sales channels?
A: In the original "dynasty", "e net" and other sales network, this year BYD flagship products have also been stationed around the commercial center to showcase, increase product exposure, improve brand image.
Q4: Where is BYD's factory located to produce "blue battery"?
A: BYD this year in Chongqing for the production of blade battery.
Q5: "blade battery" this year's production capacity planning is how much?
A: The production capacity of "blade battery" will continue to increase in the future to meet the growing demand of internal and external customers.
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Q6: What is the technical advantage of blade battery?
A: blade battery is BYD's lithium iron phosphate battery, using blade battery technology, completely non-modular, integration efficiency is greatly improved.
blade battery has from the electrode materials, cells to the battery pack and other multi-dimensional safety, and passed the most stringent requirements of the battery cell pin prick test, in the simulation of the battery in extreme cases of internal short circuit can also ensure that the deflagration does not occur.
At the same time, the cycle life of the blade battery can reach more than 3,000 times, and equipped with blade battery models can meet the highest more than 600 km of range, next year is expected to launch a higher mileage models.
Q7:What is the significance of the release of the company's blade battery?
Answer:The release of "blade battery" will redefine the safety standards of new energy vehicles, forcing the entire new energy vehicle industry to make changes, so that the industry enters a benign development of the fast lane.
Question 8: What is the application plan for the "blade battery"?
Answer: BYD's new model "Han" is equipped with blade battery products for the first time. In addition, "blade battery" will be successively equipped in the company's follow-up new energy models.
Question 9: Does BYD supply power batteries to other companies?
A: In the Ministry of Industry and Information Technology's "New Energy Vehicle Promotion and Application Recommended Vehicle Catalogue", some of the models supplied by BYD to other companies have already been reflected in the power battery.
After the release of BYD's blue battery, it has attracted widespread attention, and the company is also open-minded to discuss with the industry, more external supply situation can be concerned about the relevant official information content.
Q10: How is the development of BYD's rail transportation business?
Answer:BYD actively promote rail transit related products, currently has cloud rail Yungui and Yunba these two products.
On January 3, 2020, BYD in Brazil, the capital of Bahia state Salvador construction of the first overseas Yungui line of the overall design of the project was formally approved by the state government, the signing ceremony was held in the government office.
In addition, BYD in Chongqing Bishan and Shenzhen Pingshan and other places are Yunba product construction.
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Question 11:BYD bus overseas sales situation?
A: BYD's pure electric buses are operating in more than 300 cities in more than 50 countries on 6 continents around the world, and are widely recognized by customers at home and abroad, and are expected to get more orders in the future.
Q12:What is BYD's semiconductor business?
A: BYD Semiconductor's main business covers the R&D, production and sales of power semiconductors, smart control ICs, smart sensors and optoelectronic semiconductors, with an integrated business chain including chip design, wafer manufacturing, packaging and testing and downstream applications.
After more than ten years of R&D and large-scale application in the field of new energy vehicles, BYD Semiconductor has become a leading manufacturer of vehicle-grade IGBTs under independent control.
Meanwhile, in the field of industrial IGBTs, BYD Semiconductor's downstream applications include industrial welding machines, inverters, home appliances, etc., which will bring new growth points for the company.
In other business fields, BYD Semiconductor also has many years of R&D accumulation, sufficient technical reserves and a wealth of product types, and has established long-term close business ties with customers from the automotive, consumer and industrial fields.
In the future, BYD Semiconductor will take automotive grade semiconductors as the core, and simultaneously promote the development of semiconductors in the industrial, consumer and other fields, and is committed to growing into a new semiconductor supplier with high efficiency, intelligence and integration.
Q13: What are the highlights of BYD DM4.0 technology?
Answer:As BYD's next-generation plug-in hybrid technology, the application of DM4.0 technology is expected to reach the same level as the purchase price of fuel vehicles, thanks to the company's deep accumulation in the field of powertrain, which will help improve the penetration of new energy vehicles.
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