You are here: Home > Business > Today's Business Press

Adjust font size:

Chinese car maker BYD warned Wednesday its profits in the first half of the year may have fallen 95 percent from a year earlier.

Buffett-backed BYD warns of 95% drop in H1 profits	比亞迪上半年凈利跌95%
Chinese car maker BYD warned Wednesday its profits in the first half of the year may have fallen 95 percent from a year earlier amid stiff competition and a drop in auto sales after some tax incentives for small cars ended.	昨日比亞迪(002594,股吧)公布的中期業(yè)績預告再度報憂，上半年凈利同比下降達95%。比亞迪表示，業(yè)績下滑，是受車輛購置稅優(yōu)惠政策取消及市場競爭加劇的影響。
BYD said its profit for the first six months of the year were likely between 121 million yuan (US$18.7 million) and 363 million yuan (US$56.1 million), down 85 to 95 percent from 2.42 billion yuan a year earlier.	預告顯示，公司上半年實現(xiàn)凈利潤約1.21億元至3.63億元，比上年同期下降85%至95%。
The company, which also makes batteries and mobile phone parts, said sales of its handset parts and assembly business also declined during the six month period after a major customer postponed orders, according to documents filed with the Shenzhen stock exchange on Tuesday.	此外其業(yè)績下滑，另一方面也是由于手機部件及組裝業(yè)務受單一最大客戶部分訂單推遲影響，銷售收入與去年同期相比有所下降。
Last month, BYD reported that its first quarter profits dropped 84.35 percent over a year before to 266.74 million yuan.	在此前A股上市時，比亞迪在港披露的一季報顯示，今年一季度凈利潤2.67億人民幣，同比下降84.35%。
Analysts said that given the company's recent performance, there may be more tough times ahead.	相比此次業(yè)績預報，比亞迪二季度的情況更加艱難，甚至不排除虧損可能。