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Byd reported a decline in revenue and net profit in the third quarter

2019/10/30 14:04:1015DDCCN0

On Oct. 29, byd reported its third-quarter earnings. According to the financial report, in the third quarter, byd realized operating revenue of 31.64 billion yuan, down 9.2% year-on-year, return to the mother net profit of 120 million yuan, down 88.6% year-on-year, deduction non-return to the mother net profit loss of 150 million yuan.

  On Oct. 29, byd reported its third-quarter earnings. According to the financial report, in the third quarter, byd realized operating revenue of 31.64 billion yuan, down 9.2% year-on-year, return to the mother net profit of 120 million yuan, down 88.6% year-on-year, deduction non-return to the mother net profit loss of 150 million yuan.

  Analysts pointed out that byd's performance decline in the third quarter is mainly due to the new energy subsidies into the formal period, the scope of the decline widened, the new energy vehicle market as a whole is less than expected.

  In the first three quarters, byd achieved a revenue of 93.82 billion yuan, a year-on-year growth of 5.4%, return to the mother net profit of 1.57 billion yuan, a year-on-year growth of 3.1%, deduction non-return to the mother net profit of 590 million yuan, a year-on-year growth of 455.8%.

  In terms of sales volume, byd sold 351,600 vehicles from January to September, down 4.49% year-on-year, among which 143,400 vehicles were sold for new energy vehicles, up 34.31% year-on-year. In terms of fuel vehicles, 208,100 vehicles were sold for the first nine months, down 31.22% year-on-year.

  In the third quarter earnings, byd for the fourth quarter and the full year performance made expectations, is expected to achieve 2019 full year return net profit of 1.58 billion yuan - 1.77 billion yuan, down 36.2%-42.3% year-on-year.

  Byd, points out that affected by the macroeconomic situation, market demand is expected in the fourth quarter of auto industry as a whole is still weak, superposition fuel automobile price system the impact of the change and the influence of new energy vehicles subsidies TuiPo sharply, new energy automobile industry sales of less than expected, estimates for new energy automotive business group has also a certain extent the decline of profits from a year earlier. In the traditional fuel car business, the market competition is more intense, but with the steady increase in sales of new models such as the song pro, the fuel car business is expected to recover in the fourth quarter.

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