Shenzhen BYD is expected to return to push the second half of notebook computers
Morning Post money moon
on small cars to benefit from continuing the policy to encourage, BYD Company Limited (01211.HK, hereinafter referred to as BYD) first half net profit more rose 105.6% over the same period last year, reaching 2.42 billion yuan, higher than the 1.18 billion yuan a year earlier. The face of the second quarter decline, BYD Chairman Wang Chuanfu at yesterday's performance suggests that, with the advent of car sales season, fourth-quarter results will rebound. He said one of the shares of shareholders of God Warren Buffett (Warren Buffett) would be the occasion to visit China next month to visit BYD.
"Fourth quarter results will rebound"
BYD announced on 22 August 2010 interim results. BYD 50.3% revenue growth during the first half, from 16.13 billion yuan to 24.25 billion yuan. Among them, the first half of the total revenue contribution of BYD's automobile manufacturing business 54% of revenue 46.3%, from 8.88 billion yuan a year earlier to 12.99 billion yuan.
However, despite the growth performance over the first half doubled, but BYD second-quarter profit declined. BYD net profit in the first half, the first quarter accounted for 1.704 billion yuan, a significant decrease in the second quarter to 717 million yuan, the second-quarter operating income was 11.59 billion yuan, the same chain (relative to the previous quarter) fell 8.4%.
this, BYD Chairman Wang Chuanfu performance information meeting yesterday that the stock and property markets fell for the second quarter, leading to delayed consumer spending, is expected in the second half sales will increase. 9-10 month in which the traditional car sales season, along with models that will come more cars, BYD is expected to rebound in the fourth quarter results will be.
the first half of this year, BYD sold 286,000 vehicles, up 57.5% over the same period, but only completed in early development of the company's annual target of 36%.
this month on the 3rd, BYD initiative announced this year's sales target from 800,000 down to 600,000. BYD said the company increase its production of large cars contraction caused concern, and this is reason to promote sales target down.
to compete for "Golden 9 silver 10" sales season, BYD launched in 7-8 consecutive L3 M6 and two new vehicles, both new vehicles are defined as intermediate, Intermediate cars, BYD hopes to improve the profit cycle, rather than the blind pursuit of sales.
a public relations manager of BYD Auto Safety Xu told the reporter that year, BYD will launch i6, G6 and S6, these models are priced at 10 yuan, thereby changing the ratio Jady car models focus on the 10 million or less the situation. To this end, BYD will be this year as "Best Brand." For dual-mode has been listed F3DM electric car, Wang said the current monthly production capacity of 200, monthly sales of 100, I hope the second half sales rose to 200 per month, while next year's monthly production capacity expected to increase to 1000.
Hangzhou and Shenzhen have been because the current introduction of local energy for local people to purchase new vehicles to be subsidized, which F3DM such as plug-in hybrid force of up to 30,000 yuan subsidies, combined with state subsidies The 50,000 yuan, F3DM the price of ordinary petrol cars are almost the same F3. In response, the industry believe that, with more cities to implement subsidies, F3DM sales will definitely increase.
In addition, later this year, BYD plans to sell electric cars in the United States, E6, BYD said the intention to build in North America and Western Europe, a regional sales office to gain access to higher market share rate. In the domestic market, E6 scheduled in September listed.
plans to launch notebook computers
addition to automotive, Wang said yesterday, its solar business has turned a profit in the future will become the focus of development, the company is considering whether to enter the field of home appliances, is still without any decision.
However, the Post reporter was informed by insiders from BYD, BYD plans to launch notebook computers, enter the IT industry. At present, BYD employees are basically used in computer design and production of computer BYD own. In early June of this year's Computex show in Taiwan, BYD product marketing manager Steven Jiang disclosed, BYD launched Tablet PC is "very price-competitive products, is expected to sell for 300 dollars less."
Although the return of A shares who have applied for an extension, but the individual this is still said yesterday, is applying in the Mainland A-share listed, expected to be completed later this year. Wang Chuanfu said the mainland should also be considered regulatory approvals, the other, as the Shenzhen company listed in Shenzhen BYD tendency.
BYD total borrowings as at the end of June was 6.468 billion yuan, the company held cash of 42.8 billion yuan, debt ratio by the end of last year's 8% to 25%, so that outside attention. Wang Chuanfu yesterday acknowledged the company debt will rise, but said that it would continue at a healthy level.
confirm Buffett next month's visit
Warren Buffett and Microsoft founder Bill Gates had called on the U.S. rich half of the assets donated to charity, it is understood he plans to visit China next month to lobby China's wealthy to participate. Industry speculation, as are most familiar with Buffett and very good close personal tycoons, Wang may be the first object Buffett lobby.
yesterday, Wang did not have a positive response, but indicated that he did not read relevant reports. However, he confirmed to the BYD Buffett will visit, but he met the time and place has not been set.
