China wheel hub and bearing
BYD, the leader in new energy vehicles, announced its thirdqua ort for 2024.In the first three quarters, the company achieved a revenue of 502.25 billion yuan, compared to 422.275billion yuan in the same period last year. The net profitattributable to the parent company was 25.24 billion yuan, ayear-on-year increase of 18.1%.In the third quarter, thecompany achieved a revenue of 201.125 billion yuan, ayear-on-year increase of 24.04%; The net profit attributable toshareholders of the listed company was 11.607 billion yuan, ayear-on-year increase of 11.47%.BYD Electronics had a revenueof 122.13 billion yuan and a net profit of 3.06 billion yuan in thefirst three quarters
SAlC Group releases its third quarter report for 2024. In thefirst three quarters, the group's operating revenue was 419.646billion yuan, a year-on-year decrease of 17.39%; Net profit was6.907 billion yuan, a year-on-year decrease of 39.45%.In thethird quarter, the group's operating revenue was 142.56 billionyu year-on-year decrease of 25.58%; Net profit was 280milion yuan,a year-on-year decrease of 93.53%. SAlC Groupstated that the main reason is due to the fuel vehiclemarket The decline and unprecedented price war have led to a decrease irthe company's sales revenue, a decrease in gross profit, and areduction in cash inflows.
Geely Automobile releases its financial report for the third quarter of 2024.Quarterly revenue reached 60.378 billion yuan, setting a newhistorical high with a year-on-year increase of 20.5%; The profitattributable to shareholders of the company in the third quarter was2.455 billion yuan, a year-on-year increase of 92%. In the first threequarters, Geely Automobile achieved a revenue of 167.684 billionyuan, a year-on-year increase of 36%; The company's shareholdersare entitled to a profit of 13.053 billion yuan, a year-on-year
increase of 358%,In terms of sales volume, in the third quarter of2024, Geely Automobile's sales reached a historical high of 534000units,a year-on-year increase of 18.7%: The total sales volumefrom Jnuary to September reached 1.49 million vehicles, a year-on-year increase of 32.1%, and 74.5% of the annual sales target of 2million vehicles has been achieved.
Author:Jack
Position:General manager