BYD net profits down 31 pct in 2018

Source: Xinhua| 2019-02-26 22:21:05|Editor: zh
Video PlayerClose

BEIJING, Feb. 26 (Xinhua) -- China's leading new energy automaker BYD announced Tuesday that its net profits fell 31 percent year-on-year in 2018.

Preliminary financial results for 2018 showed that net profits attributable to its shareholders totalled 2.8 billion yuan (418 million U.S. dollars), while its revenue rose 23 percent year-on-year to 130 billion yuan.

BYD said that stimulated by the rapid growth of the new energy vehicles (NEVs) industry and its new products, sales of NEVs continued to grow last year, retaining its position as worldwide leader in NEV sales for the fourth straight year.

The downturn in the petrol vehicles industry and fierce competition impacted the company's petrol vehicles business to some degree. Its photovoltaic business made a loss because of policy changes last year.

It said that rising financing costs were also an influence on the company's profits.

TOP STORIES
EDITOR’S CHOICE
MOST VIEWED
EXPLORE XINHUANET
010020070750000000000000011100001378525701
国产无码在线观看免费在线,37pao国产成视频,日韩一区二区视频在线,国产国产人免费人成免费视频麻豆
日韩电影免费在线观看网站 | 思思99精品国产自在现线 | 中文字幕福利视频 | 亚洲中文色欧另类欧美小说 | 在线日韩日本国产亚洲 | 久久精品亚洲人成影院 |