BYD's development in the new energy industry is definitely a leading level. Let's not mention the hybrid vehicle, the world's first pure electric battery life, not to mention its 16 years of world new energy sales, just to say that he has mastered Black technology, definitely not bitzla, and even some even Tesla did not master.
On October 30th, BYD Co., Ltd. released the “3rd Quarter 2017 Reportâ€. In the third quarter of this year, it achieved operating income of 28.895 billion yuan, a year-on-year increase of 3.76%; net profit of 1.069 billion yuan, a year-on-year decrease of 23.92%. In the first three quarters of this year, the total operating income was 73.933 billion yuan, a year-on-year increase of 1.56%; the total net profit was 2.791 billion yuan, a year-on-year decrease of 23.82%.
The report also predicts that the full-year net profit for 2017 will be between 40.4-42.9 billion yuan, which is between 20.03%-15.09% lower than last year's net profit. Last year's net profit was 5.052 billion yuan.
BYD said that in the fourth quarter, the Group's new energy vehicle sales trend is expected to continue, which is still growing faster than the same period last year. In the traditional automobile business, the Group's new model Song Max has been well received by the market, which has promoted the rapid recovery of the Group's traditional car business. In terms of mobile phone components and assembly business, the metal parts business continued to maintain a good momentum of development and brought good profit contribution to the Group. In addition, with the completion of the construction of cloud tracks throughout the country, it is expected that the Group's cloud track business will bring greater revenue and profit contribution in the fourth quarter.
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