Time changes, and the initial heart remains the same; When you are cold, your feelings are warm. In order to thank the hard work of the first-line sports lottery agency in the physical store, the Provincial Sports Lottery Center launched a condolence activity of send warm in the Spring Festival and caring for the difficult agents.

　　On January 31, the leaders of the provincial center led a team to Baiyin City to carry out condolences. Mr. Zeng, the agent of 6208008129 physical store in Jingyuan County, has his own physical illness, and he has to take care of his old mother who has been ill for a long time. He relies on selling sports lottery tickets to make a living every day. Despite the difficulties, Mr. Zeng still strives to do a good job in the sales of sports lottery tickets. On weekdays, he still insists on finding time to do analysis and research on gameplay, and shares his experience with his peers without reservation, which has won unanimous recognition and respect from everyone. The leaders of the provincial center and the staff of the Silver Management Sub-station sent greetings and condolences to Mr. Zeng during the Spring Festival, asking about the difficulties in life and the support he needed, encouraging him to persist in doing a good job in sales, and setting an example for other consignment agents to love their jobs and be dedicated.

　　The condolence group came to the store of Ms. Lu, the agent of 6208008110 in Jingyuan County. Ms. Lu suffered from eye diseases and could not adapt to other jobs. After choosing the career of selling Chinese sports lottery tickets, she cherished the hard-won job opportunities and always loved her job. After more than five years of study and practice, she has grown into a qualified agent. "Thanks to the Chinese sports lottery, I have a stable job and can make some contributions to social welfare. I am also very proud and proud." Ms. Lu sincerely regrets.

　　Visiting all the way, the condolence group learned in detail about the implementation of the responsibility lottery in the physical store and the service quality of the market administrator, listened carefully to the opinions and work suggestions of the agency, and understood the difficulties existing in the operation process. It also encourages administrators and consignment agents to base themselves on their posts and continue to contribute to the development of sports lottery public welfare undertakings. At the same time, it also conducted a spot check on the safety production of sports lottery stores, focusing on guiding the consignment agents to investigate the hidden dangers of fire prevention, waterproofing, theft prevention and electricity consumption in the stores, reminding them to pay attention to personal and property safety, and earnestly implementing the safety production requirements of the State Sports General Administration and the Provincial Sports Bureau, so as to escort the sales peak before the Spring Festival and the safety of the Spring Festival holiday.

　　Recently, New Year condolence activities are being carried out in Gansu Sports Lottery. A little condolence, full of heart, sent Gansu Sports Lottery to the grassroots, caring for the warmth of difficulties, and gained the understanding and support of sports lottery agents and salesmen, and responded well to the work. Gansu Sports Lottery will do a solid job in preventing safety production risks, strictly implement the requirements of responsible lottery, and ensure the high-quality development of China’s sports lottery. (Liu Zixian)

BYD (002594.SZ) handed over its best report card since its listing.

On the evening of January 29th, BYD released its performance forecast for 2023. During this period, the company realized a net profit attributable to shareholders of listed companies of 29 billion-31 billion yuan, up by about 86% year-on-year. The non-net profit attributable to shareholders of listed companies was RMB 27.4 billion-RMB 29.7 billion, up by about 90% year-on-year.

This performance is basically in line with market expectations. IChoice data shows that the average forecast of BYD’s net profit in 2023 is 28.332 billion yuan, which is almost the same as the median forecast of the company’s performance.

On the whole, the new energy vehicle industry continued to maintain a high-speed growth trend, and BYD’s new energy vehicle sales reached a record high, further consolidating the leading position of new energy vehicle sales in the world. The competition in the industry is more intense. With the rapid growth of the company’s overseas sales, the scale advantage of continuous expansion, and the ability to control the cost of the industrial chain, the profit has been greatly improved.

Judging from the production and sales data, BYD produced a total of 3,045,200 new energy vehicles in 2023, a year-on-year increase of 62.24%; Accumulated sales of 3,024,400 new energy vehicles, up 62.30% year-on-year.

BYD’s sales in 2023 clearly outperformed the industry. Minsheng Securities Research Report pointed out that the national sales of new energy passenger cars are expected to reach 8.62 million in 2023, up 31.7% year-on-year; Benefiting from the further improvement of the quantity of new models and the product pedigree of each price segment, BYD achieved the target sales of 3 million vehicles, significantly outperforming the industry.

In addition, BYD has continued to lay out in the sea. In 2023, BYD sold 243,000 new energy passenger cars overseas, a year-on-year increase of 334.2%.

Since the second half of 2023, BYD has continuously strengthened its overseas layout. In July, BYD announced the establishment of a factory in Brazil, with an annual production capacity of 150,000 vehicles. In September, Uzbekistan’s state-controlled automobile group announced that it would establish a joint venture company with BYD. The first/second phase of the factory plans to produce 500,000 units per year, and the output will reach 300,000 units after the completion of the third phase. In December, BYD announced that it would build a new energy vehicle production base in Segde, Hungary.

Minsheng Securities Research Report believes that BYD’s going out to sea is expected to usher in rapid development in Europe, Southeast Asia, Australia and New Zealand, helping sales to rise again in 2024.

Soochow securities gave a more optimistic judgment about the future. According to its research report, BYD actively promotes the layout of overseas markets, and the volume of overseas markets helps sales growth. 2024-2025 is the year of products, and the estimated sales volume is about 4 million and 5 million respectively, up by 33% and 25% respectively.

As for BYD’s other major business-mobile phone parts and assembly business, its profitability has also increased with the recovery of the consumer electronics industry.

BYD said that thanks to the increase in the business share of large overseas customers and the recovery of Android customers’ demand, the rapid growth of new energy vehicles and new smart products, the capacity utilization rate has been significantly improved, the business structure has been further optimized, the profitability has been significantly improved, and the profit has increased substantially.

From 2020 to 2022, the gross profit margin of BYD’s mobile phone parts and assembly business was 11.20%, 7.57% and 6.06% respectively, showing a downward trend year by year. The semi-annual report in 2023 showed that the gross profit margin of this business was 8.77%, up 2.70 percentage points year-on-year.

Although the performance is very gratifying, BYD’s share price has not kept up. On January 29th, the company’s share price fell by 3.99%, hitting a new low since May 2021. BYD’s latest market value is 519.5 billion yuan.