Latest News:  


BYD's 2012 net profit the lowest in four years

By Li Fangfang  (

08:15, March 26, 2013

Chinese battery and carmaker BYD Co Ltd has reported net profit diving 94.12 percent year-on-year to 81 million yuan ($12.9 million), the lowest in at least four years, while revenue slumped 4.04 percent to 46.85 billion yuan.

The declines were disclosed in the company's 2012 financial report filed to the Shenzhen Stock Exchange on Sunday.

Its shares on the Shenzhen bourse gained 0.47 percent to close at 23.51 yuan on Monday.

The Shenzhen-based company attributed the poor business performance to the gloomy global solar energy market and a stagnant mobile phone industry.

It also said the slowing Chinese automotive market added to difficulties in BYD's vehicle business, which contributed half of its revenue.

We recommend:

China's financial might takes shape

Top 10 Chinese cities with highest urbanization quality

Chinese investment in Africa: Digging deeper

Top 10 innovative cities in Asia-Pacific

Nation may limit gold to 2% of foreign reserves

Lu Zhaoxi named Alibaba's new CEO

Email|Print|Comments(Editor:WangXin、Chen Lidan)

Leave your comment0 comments

  1. Name


Selections for you

  1. High-sea training taskforce in training

  2. South Sea Fleet holds beach landing drill

  3. Holi Festival celebrated in the Philippines

  4. Hailstorms affect 838,000 people

  5. Agriculture Carnival held in Beijing

  6. Pandas sent off for the cameras

  7. Peach Flower Cultural Tourism Festival

  8. Beckham plays football with young players

  9. BYD profits tumble in 2012

  10. Beijing's second oldest McDonald outlet shut

Most Popular


  1. Xi's Russia visit yields concrete results
  2. What are the fruits of Obama's Middle East visit?
  3. Home prices thwarts people's 'Chinese dream'
  4. Economic slowdown puts peaceful rise in focus
  5. Opportunities, not threats
  6. Iraq War tenth anniversary gives us revelations
  7. Richer parents, more fashionable children
  8. Hopes for Obama's trip
  9. Commentary: To pivot to Asia or peace?

What’s happening in China

1,000 dead ducks litter Sichuan river
No threat from Sichuan dead duck dumping: official

  1. Netizens touched by illustrator's 'love'
  2. Police chief in underage sex case released
  3. Solemn prayers for lost children
  4. App to locate the nearest of 8,000 public toilets
  5. Microwave boxes safe despite HK plastic warnings