China · Automobiles: BYD, 72% decline in the first half –  same trends for other makers

China · Automobiles: BYD, 72% decline in the first half –  same trends for other makers

September 14, 2018

Ryuudi (BYD) announced the interim financial results report on August 29.

Sales revenue for the first half of 2018 (January to June) increased by 19.1% to 52,126,277 thousand yuan (about 834,066 million yen, 1 yuan = about 16 yen), double-digit increase.

Gross profit declined by 11.2% to 7,252,555 RMB,

Pre-tax income decreased by 59.0% to 1,087,054,000 yuan,

Net income (net income) attributable to parent company shareholders decreased by 72.2% to 479, 990 thousand RMB

(See Table 1).

– JETRO

https://www.jetro.go.jp/biznews/2018/09/ee898cf59036b3ef.html