Byd: 2009 To Achieve A Net Profit Of 3.8 Billion, Up 2.7 Times Year On Year Is Expected To Win

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According to Hong Kong media reports, Warren Buffett turned out well-deserved reputation, its love of shares of BYD (1211) yesterday reported earnings above market expectations in 2009 as more than an annualized growth of more than 2.7-fold, to 3.794 billion yuan (renminbi. Under the same). In the strong domestic demand driven by strong growth in automotive business during the period BYD in total turnover accounted for a substantial increase to 53%, rechargeable battery and cell phone business is decreased in proportion. Has proposed final dividend per share were 0.33 yuan.

3 months receivables increased drastically Jiucheng

BYD in 2009 recorded a total turnover of 39.47 billion yuan, according to an increase of 47.3%, while its profit has even 37.9 billion, compared with market expectations for 32.6 billion yuan, higher than 16%. However, with the amount of coarse rising sales, as well as the company's Trade receivables and bills, at the end of the year, a total of 9.79 billion yuan, representing more than 2008 liters of Qi Cheng, especially within 3 months of accounts receivable, up to 9.33 billion yuan, an increase of nearly Jiucheng, there is some risk.

Motor Vehicle business accounted for 53% of the first super-cell phone

To benefit from the low-emission passenger car purchase tax by half policies, China's vehicle sales last year, showed explosive growth, for the first time overtaking the United States as the world's automotive production and sales superpower.

To domestic-oriented BYD total car sales last year, about 45 million units, an increase of super-1.7 times, have boarded the mainland sales of own-brand car manufacturer first place, while its full-year sales of F3 car around 29 million units, become of the national car sales charts in a single model.

In the sales volume is climbing, driven by sales of BYD Auto business in 2009 recorded 20.99 billion yuan, the annual jump by nearly 1.5 times gross profit has increased substantially. At the same time, the global mobile phone market remained in the doldrums, the company, including its rechargeable battery and cell phone components assembled parts, including IT services, recorded a profit decline during the period. This also make the company's business division accounted for a major adjustment in place, including automotive business accounted for the proportion of total sales in 2008 compared with an increase of 21 percentage points, to about 53%.

BYD rechargeable batteries last year, revenue decreased by about 34.2% year on year to 40.8 million by the global economic downturn affected cell phones and power tools, lithium-ion batteries and nickel-ion battery sales both fell into the super-3.

In addition, global handset shipments declined, but also to make price reduction pressure from customers and even more to make mobile phone components and assembly services to profit pressures, a decline year on year.

Cooling-off period is less than expected performance this year, last year's

In addition, the market is widely expected, the mainland market for vehicle sales experienced in 2009, after blow-style development, this year will mark the cooling-off period, major automotive manufacturers revenue will be difficult to maintain last year's rapid growth, when the BYD's performance will inevitably be affected by impact.

by: gaga

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