Articles Tagged with "BYD"

On 12 May, LI Yunfei, the vice general manager of BYD, announced the sales statistic of the company in April. BYD has sold 34,783 cars in April year 2014. Compared with 39,872 cars sales of the same period of last year, it has dropped 13%.

Night of April 24, BYD announced its first quarter finance report of year 2014. The company has realized operating income of 11.7 billion CNY, which has decreased 9% over last year. Net profit belongs to shareholders is 11.97 million CNY, which has decreased 89.35% over last year. Earning per share is 0.01 CNY. Excluding extraordinary gain and loss, net profit of BYD of the first quarter of year 2014 is loss 93.49 million CNY. Extraordinary gain and loss mounts to 105 million CNY. Meanwhile, the first quarter of year 2014, BYD deferred revenue includes 1.86 billion CNY, which has increased 46.17%. The main reason for deferred revenue increase is contributed by revenue from car sales in advance. Besides, because of new financial leasing business, long term account payable is 2.75 billion CNY. The company is expected the net profit belongs to shareholders in the first half this year shall between 350 million to 490 million CNY, and its growth floating band ratio is between -18.02% to 14.77%. BYD says that in the first half this year, new energy automobile industry grows very fast. Its pure electronic bus K9 and Qin, which is hybrid power plug-in realize good sales both, which bring group income growth. As for traditional automobile business, the segment is influenced by new energy automobile subsidy policy, and China owned brand market share slides, it is expected traditional automobile sales in the first half year of 2014 shall decrease. Mobile parts and assemble business is benefited from smart phone fast growth and domestic smart phone research and new mode launching. BYD wins orders from domestic and overseas which push metal chassis sales increase. The company mobile phone parts and assembly business development looks well. As for solar business plate, global solar market is out of lows step by step globally. Solar business of BYD recovers stable. However, it is expected certain degree loss for the first half this year as well, and shall negatively influence BYD profit. What’s attractive, Jingshun and Xingquan funds are back to top 10 tradable share holders. Both of them quitted the top 10 list at the end of year 2013. Fund Jingshun now holds 12.16 million shares up to the first quarter of year 2014. Xingquan holds 9.3 million shares.

Recently, BYD has signed a cooperation agreement with institute for infocomm research (I2R) from agency for science, technology and research in Singapore. 2 parties will establish laboratory and integrate advantages in electric car and driverless car to develop next-generation intelligent electric car.