BYD Electronic (International) Co ( (BYDIF) ) has released its Q4 earnings. Here is a breakdown of the information BYD Electronic (International) Co presented to its investors.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
BYD Electronic (International) Co is a global leader in high-tech and innovative product solutions, specializing in electronic information, AI, 5G, IoT, and new energy vehicles, among other sectors. The company recently reported a significant increase in revenue and profit for the year ending December 2024, driven by growth in consumer electronics and new energy vehicle segments. Key financial highlights include a 36.43% rise in revenue to RMB177,306 million and a 5.55% increase in profit attributable to shareholders, reaching RMB4,266 million. The company also saw substantial growth in its AI and new energy vehicle businesses, contributing to its overall performance. Looking forward, BYD Electronic aims to continue expanding its market share and enhancing its core competitiveness in emerging sectors.