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BYD introduced their 3Q financials this week.
To summarize, virtually every part is upquarter on quarter and 12 months on 12 months: sales, revenue (now more than Tesla)internet revenue, earnings per share, shareholder fairness … all up by double digits. Gross margin can also be up for Automotive, Electronics, and total (persevering with to be larger than Tesla).
However BYD isn’t simply sitting on piles of money. Digging in the financials somewhat additional, R&D expenditures are up 33.61%, outpacing income and earnings. And one of many few metrics not on the rise is internet cashflow, as BYD is growing spending on growth. Not squirreling away money proper now signifies uncommon optimism, particularly when automakers like Ford and Volkswagen are sending out warnings.
Maybe essentially the most noteworthy side of the 3Q report, past the continued development, is how secure and regular it’s. No enormous surprises or monetary trickery. In a world the place unwelcome surprises appear to occur increasingly more usually, it’s a bit refreshing.
And whereas BYD’s anticipated monetary report may not seize a lot in the best way of headlines, the continued funding in R&D and development will probably result in some clear know-how merchandise that deserve consideration. And for a web site like CleanTechnicaisn’t that what actually issues anyway?
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