[ad_1]
Join every day information updates from CleanTechnica on e mail. Or observe us on Google Information!
BYD introduced their 3Q financials this week.
To summarize, nearly every thing is up, quarter on quarter and 12 months on 12 months: gross sales, income (now greater than Tesla), web revenue, earnings per share, shareholder fairness … all up by double digits. Gross margin can be up for Automotive, Electronics, and general (persevering with to be greater than Tesla).
However BYD isn’t simply sitting on piles of money. Digging within the financials a little bit additional, R&D expenditures are up 33.61%, outpacing income and earnings. And one of many few metrics not on the rise is web cashflow, as BYD is rising 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 progress, is how steady 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 won’t seize a lot in the best way of headlines, the continued funding in R&D and progress will possible result in some clear know-how merchandise that deserve consideration. And for a web site like CleanTechnica, isn’t that what actually issues anyway?
By
Additionally see:
Chip in a couple of {dollars} a month to assist assist unbiased cleantech protection that helps to speed up the cleantech revolution!
Have a tip for CleanTechnica? Need to promote? Need to recommend a visitor for our CleanTech Discuss podcast? Contact us right here.
Join our every day publication for 15 new cleantech tales a day. Or join our weekly one if every day is just too frequent.
CleanTechnica makes use of affiliate hyperlinks. See our coverage right here.
CleanTechnica’s Remark Coverage
[ad_2]
Supply hyperlink
