BYD Announces Annual Revenue of Over 130 Billion yuan in 2018 Results Express

BYD recently released the 2018 annual results bulletin, from the bulletin learned that in 2018, BYD achieved 13.055 billion yuan in revenue, an increase of 22.79% year-on-year; Net profit attributable to shareholders of listed companies reached 2.790 billion yuan, down 31.37% year-on-year. Key financial data and indicators for 2018 Units: The total operating income of the RMB thousand-yuan project increased or decreased by 130% in the same period of the previous year, 055,216 105, 914,702 22.79% Operating profit 3, 879,333 5, 410,551-28.30% Total profit 4, 048,356 5, 620,641-27.97% of the net profit attributable to shareholders of the listed company2, 790,689 4, 066,478-31.37% Basic earnings per share (RMB) 0.941. 40-32.86% Weighted average return on net assets 4.97% 7.74%-2.77% Total assets increased or decreased at the end of the reporting period Total assets 195, 329,257 178,099,430 9.67% Owners' equity attributable to shareholders of listed companies55, 423,915 55,004,194 0.76% Share capital2, 728,143 2,728,143 0.00% Net assets per share attributable to shareholders of listed companies (yuan) 20.3220. 160.76% Note: The above data are presented in the consolidated statement of the Company for 2018, which represents the rapid development and integration of the new energy automotive industry. Driven by the group's new product cycle, BYD's sales of new energy vehicles are still growing at a high speed, holding the world sales championship of new energy vehicles for four consecutive years, further consolidating its leading position in the industry. However, the fierce competition brought about by the downturn in the auto industry has to some extent affected the profitability of BYD's fuel car business, and brought certain pressure to BYD's profits. According to a previous BYD announcement, 69,637 vehicles were sold in December, up 37.0% from December. From January to December, the cumulative sales volume exceeded 520,000 vehicles, accounting for 47.6% of the total, amounting to 247,811 vehicles, of which 103,263 and 123,889 were pure electric and plug-in hybrid passenger vehicles, respectively. In the mobile phone parts and assembly business, BYD said that the weak demand for the industry and increased market competition, orders and profits are under greater pressure. In addition, in the photovoltaic business, due to policy changes and impairment provision and other factors, the loss of photovoltaic business has expanded. In addition, the increase in financing costs also affects the overall profitability of the group to a certain extent. In terms of new car planning, BYD will be more focused on new energy product launches in 2019. Two MPV models, the Song MAX DM and the Song MAX EV, will be launched in the first half of this year and this year, respectively. In addition, the brand's pure electric small SUV Yuan EV series will also usher in new members, Yuan EV535 has been launched pre-sale, and will officially go on sale in March. Not only that, the whole new generation of Yadi Song, the new Qin EV and other models And will be officially launched within the year.