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BYD Company Limited
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== Revenue Breakdown by Segment == As of the first half of 2022, BYD Group reported a total revenue of approximately RMB 150,607 million, representing a significant year-on-year increase of 65.71%. The revenue was generated from various business segments, with notable variations in their contributions. === '''Automobiles and Related Products Segment''' === The "Automobiles and Related Products" segment remains a core focus for BYD Group and is a pioneer and leader in the new energy vehicle industry. In the first half of 2022, this segment generated approximately RMB 109,267 million in revenue, representing a substantial year-on-year increase of 130.31%. The success of this segment can be attributed to BYD's commitment to technological innovation and continuous investment, which has allowed the Group to lead the scale and rapid development of the new energy vehicle industry. Moreover, in the first half of 2022, BYD achieved significant market share in the domestic new energy vehicle market, reaching 24.7%, reflecting a remarkable 7.5 percentage point increment compared to 2021. This performance placed BYD in the No. 1 position globally for new energy vehicle sales, thereby leading the rise of Chinese independent brands in the electric vehicle sector. === '''Handset Components, Assembly Service, and Other Products Segment''' === The "Handset Components, Assembly Service, and Other Products" segment contributed approximately RMB 41,070 million in revenue during the first half of 2022. However, this represents a year-on-year decrease of 4.78%. Despite the decrease in revenue, this segment continues to offer diverse products and services, catering to various market needs. This segment engages in multiple market segments, including smart phones, smart wearables, computers, Internet of Things, smart homes, game hardware, robots, drones, communication equipment, electronic atomizers, new energy vehicles (automotive intelligent systems), medical and health equipment, and more. The Group's strategy involves diversifying its market layout while actively developing new channels for business growth. === '''Revenue Distribution''' === The "Automobiles and Related Products" segment accounted for approximately 72.55% of the Group's total revenue during the first half of 2022, reflecting the significant impact of BYD's success in the new energy vehicle industry. On the other hand, the "Handset Components, Assembly Service, and Other Products" segment contributed around 27.27% of the Group's total revenue during the same period. It is worth noting that historically, BYD's revenue mix has been relatively consistent over the past decade, with automobiles and related products contributing approximately 50% of total revenue, handset components and assembly services comprising about 40% of total revenue, and rechargeable battery and photovoltaics generating slightly less than 10% of the Group's total revenue. Additionally, BYD has been actively diversifying its international presence, with overseas markets accounting for 30% of total revenue in 2021, indicating a strategic effort to expand its global reach and reduce dependency on the domestic Chinese market. However, the majority of the Group's revenues still come from the domestic Chinese market, including Hong Kong, Macau, and Taiwan, historically ranging from 84% to 90% of total revenue.
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