Byd in 2018 net profit fell 31. 37% pv business losses

Solar photovoltaic (pv) net news: February 26 evening, byd released 2018 annual results letters, due to the fierce competition in the industry downturn brought a certain degree of influence the profit level of the fuel car business, bring some pressure to byd profits, led to the 2018 net profit declined.

the communique, byd business income is 1300 2018. 5. 5 billion yuan, rose 22. 79%; Net profit attributable to shareholders of listed companies and 27. 9 billion yuan, year-on-year decline in 31. 37%. Basic earnings per share. 94, fell 32. 86%.

announcement, in 2018, in the rapid development of new energy automotive industry and the group of new products cycle, under the drive of byd new energy automobile sales to achieve rapid growth, the global new energy car sales champion for four consecutive years, further consolidate the industry leading position.

it is important to note that the announcement said byd mobile phone parts and assembly operations, influenced by industry weak demand and market competition intensifies, orders and earnings are under high pressure; Photovoltaic business section, influenced by factors such as policy changes and the impairment provision, photovoltaic business losses widened in years. In addition, the cost of financing costs rising financial increase also a certain degree of influence of byd's overall profitability.

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photovoltaic industry due to the policy, according to the policy change. In the past 2018 years, & other; 531' Clearly the market segmentation of the New Deal for the first half, and. As the industry economy & other; The barometer & throughout; Also made a report, the capital market. From June 1, 2018, On Friday) Namely, & other 531' Policy issued on the same day, smelling the crisis of capital market has been the first in advance, photovoltaic section in the share price began to fall whole, policy after landing the first trading day ( On June 4,

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