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I got more than 100,000 yuan! BYD was exposed to distribute profit awards to employees

2024-10-15 Update From: AutoBeta NAV: AutoBeta > News >

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"some netizens revealed that BYD suddenly handed out profit awards without notifying employees in advance," Zou Chenhui Finan, a blogger named Zou Chenhui, a certified financial observer on Weibo, posted on Weibo on Sept. 28. Some people sent 70, 000 to 80, 000, while others sent more than 100, 000.

At the same time, the blogger also came with three screenshots. From the screenshot information, some netizens said: asked the colleagues around, have received this payment one after another. Another netizen said: they are worried about their travel plans with their girlfriends on National Day because of the lack of money and limited choices. But on the afternoon of September 26, the unexpected bank card suddenly received a sum of 86167.14 yuan, which turned out to be the 2024 profit bonus paid by BYD. In addition, it is also pointed out that BYD paid the bonus directly into the account without prior email notice, which seems to be a surprise to employees.

From the screenshot, we can see that although part of the code is typed on the other side's account, the words BYD car can still be seen in the other side's account column. The blogger's post also attracted a lot of netizens to watch, as the car talent Sun Shaojun also participated, asked in the Weibo comment area, BYD friends this is true? As soon as the question came out, many netizens responded. One netizen commented: it's true, but it's not all of a sudden. It's been going on for a long time. Not all people are so many, there will be a lot less than a year of work, and the production line workers will not get it. Another netizen pointed out: this profit award is a bonus at the level above the supervisor level.

For the news, some media contacted BYD employees, some employees revealed that BYD's "profit award" distribution is real, but the amount of money received by employees is different. In addition, relevant people familiar with the matter revealed that the amount of BYD's profit award is related to the level of employees and the business department. It is understood that within BYD, employees are divided into nine ranks of Amuri I. These nine ranks are subdivided into three sub-grades, of which Amurg is a management and technical post, and H and I are production line workers. The official profit awards are distributed from G-level employees, ranging from G1 to D3, and the proportion of profit awards ranges from 0.85 to 21.

Of course, BYD's profit awards to employees have something to do with the surge in profits. On April 3, 2022, BYD announced that it would officially stop production of fuel-fueled vehicles and focus on pure electric and plug-in hybrid vehicles in the future. The decision also makes BYD the first carmaker in the world to stop selling fuel cars. BYD's sales have been rising since it stopped producing fuel-fueled cars. In 2022, BYD sold 1.8574 million new energy passenger vehicles, an increase of 212.82 percent over the same period last year, surpassing FAW-Volkswagen to become the best-selling automaker in China. Sales continued to rise in 2013, with cumulative sales of 3.0244 million vehicles, an increase of 67.79% over the same period last year, successfully achieving the annual sales target of 3 million vehicles.

In 2024, even in the context of fierce competition in the auto market, BYD still maintains an upward trend in sales. Figures show that BYD's latest sales in August were 373083 vehicles, up 35.97% from a year earlier. From January to August, car sales totaled 2328449, an increase of 29.92 percent over the same period last year. There is no doubt that the increase in sales has brought about a big increase in profits. According to the latest official financial figures, BYD's operating income in the first half of this year was 301.127 billion yuan, an increase of 15.76 percent over the same period last year. The net profit was 13.631 billion yuan, up 24.44% from the same period last year.

For BYD to distribute profit awards, some industry insiders pointed out that with the rapid development of new energy vehicles, high-quality and highly skilled personnel are also part of promoting the rapid growth of enterprises. The distribution of profit awards by enterprises is conducive to attracting more high-quality talents. At the same time, it is also conducive to stabilizing the existing high-quality and highly skilled personnel.

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