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Net profit for the third consecutive year, BYD semiconductor company wants to be listed independently


Net profit for the third consecutive year, BYD semiconductor company wants to be listed independently
On April 22, BYD released its 2019 annual report.In 2019, BYD achieved operating income of approximately 1277.3.9 billion US dollars, an average of 1 a year.78%; net profit attributable to shareholders of listed companies is about 16.14 ppm, a 10-year average of 41.93%; the net profit attributable to shareholders of the listed company is about 2.3.1 billion US dollars, an average of 60 years.64%.As a well-known domestic auto company, although it has always been proposed that “in the long run, the supplement of new energy vehicles to retreat will help optimize the competitive landscape of new energy vehicles”, but it has to face the profit pressure on the company in the short term.How does BYD plan to break the game?Affected by the new energy vehicle business, BYD’s net income last year at least doubled. BYD mainly concentrated on the internal auto business of new energy vehicles and traditional fuel vehicles, mobile phone parts and assembly business, secondary rechargeable batteries and photovoltaic business, and actively expanded urban railTransportation business area.In 2019, BYD’s operating income dropped by 1 every year.78%, of which the revenue from the automotive and related products business was approximately RMB 63266 million, which decreased by 16 in the future.76%; the revenue of mobile phone parts and assembly business is about RMB 53,380 million, which will increase by 26 in the future.40%; Rechargeable battery and photovoltaic business revenues were approximately RMB 10,506 million, a rise of more than 17.38%.The three major businesses accounted for 49% of BYD’s total revenue.53%, 41.79% and 8.22%; In 2019, the revenue of the new energy vehicle business was approximately RMB 40,145 million, which will decline by 23 in the future.42%, the proportion of BYD’s total revenue dropped to 31.43%.Sauna, Yewang noticed that 2019 is not BYD’s first net profit replacement. Since 2017, BYD’s annual net profit will have improved from the previous year.Some analysts believe that “new energy vehicles have been affected by policy adjustments, which has prolonged BYD ‘s performance.According to the data released by the National Bureau of Statistics, the GDP in 2019 will only grow by 6 per year.1%, a new low since 1991; the external environment became more complicated and severe in the second half of the year, leading to a gradual replacement of GDP growth in the third and fourth quarter6.0% is the lowest quarterly growth rate in the past three decades.According to data from the China Association of Automobile Manufacturers, national auto production and sales in 2019 were 2,572 respectively.10,000 vehicles and 2,576.90,000 vehicles, down by 7 every year.5% and 8.2%.Among them, the sales of new energy vehicles were affected by the decline in compensation and the early switching of the National Six Standards in some regions. The second half of the year showed a prominent trend, and the resulting sales were 124 respectively.20,000 vehicles and 120.60,000 vehicles, down 2 every year.3% and 4.0%.BYD itself has also been affected. “In 2019, China’s new energy vehicle market has ushered in the largest year of supplementary decline in history. The replacement of the slope and some regions’ early switching of the national six standard dragged down the industry. For the first time, both production and sales fell. New energyCar sales have even increased.”Looking carefully at its 2019 annual report, the non-net profit deduction is in the third and negative in the fourth quarter. The government subsidy received in 2019 is about 14.8.4 billion yuan, nearly 600 million yuan less than in 2018.New energy vehicles will welcome industry reshuffle, how does BYD want to fight?Since entering the auto business in 2003, BYD has grown into a leading Chinese auto manufacturer.”As a global leader in R & D and promotion of new energy vehicles, the Group has accumulated technology accumulation and leading market share in the field of new energy vehicles, replacing BYD’s industry leadership in the field of new energy vehicles worldwide.”” BYD said.Looking ahead to 2020, BYD believes that the impact of the new coronavirus pneumonia epidemic will increase the downside risks of the global economy and make the outlook more uncertain.However, Europe and the United States have successively introduced relevant policies to further encourage the development of new energy vehicles, which provides a feasible guarantee for new energy vehicles to become the development trend of the global automobile market.Domestically, the industrial structure has been continuously upgraded and supplemented to further decline. New energy vehicles will usher in industry reshuffle, accelerate the optimization of industry structure, and promote healthy and stable growth of the industry.So, what does BYD plan to do?The first is “continue to launch models that reduce market competition”, “introduce the inheritance of the Group’s new energy vehicle products, the application of innovative technologies and the release of new models, thereby bringing new growth to the new energy vehicle business.”” BYD thinks.The first is the education and development of the market. In the field of public transportation, BYD has been working hard to promote the green upgrade of domestic and foreign urban public transportation systems, “contributing its own power to the promotion and promotion of new energy vehicles.”, BYD also strives to strengthen its penetration in the field of special vehicles, and actively promote electrification in various fields, becoming the Group’s new growth point.Rescue masks under the new crown epidemic, semiconductor companies want to be listed independently. In 2020, the surprise attack of the new crown pneumonia epidemic disrupted the rhythm of many companies.In the first quarter of this year, BYD expects that the net profit attributable to shareholders of listed companies will be 50 million to 150 million yuan, a decrease of 79 compared with the same period last year.99% -93.33%.In this regard, BYD explained: “In the first quarter of 2020, the new coronavirus pneumonia epidemic and the macroeconomic downturn have broken through the overall market demand of the automotive industry, and the company’s sales of new energy vehicles have deviated significantly from the same period last year.”In terms of traditional fuel vehicles, through the continued sales of Song Pro, the pressure to reduce fuel vehicle sales has been relieved to a certain extent.In terms of mobile phone components and assembly business, the Company actively expanded its business scope and deepened customer cooperation to achieve good results, and promoted the steady development of its business.In the photovoltaic business, benefiting from the growth of overseas markets, revenue is expected to recover somewhat.”During the epidemic, BYD also actively assumed the corporate social responsibility. According to its official website, at the end of January, while donating 10 million cash to Hubei Province to save 1 million yuan worth of protective materials for frontline personnel, the company decided to rescueMasks and disinfecting gels help to fight the epidemic, and quickly set up a research and development team, and set up a special team with Wang Chuanfu as the person in charge.”The masks produced by BYD are increasing at a rate of 300,000 to 500,000 per day, and 5-10 new mask machines per day can be mass-produced. At present, the production capacity of 5 million masks per day has been reached, which is equivalent to the previous national outputIn 1/4, BYD became the world’s largest mass-production mask factory.”BYD said.At the same time, BYD has another action this year that cannot be ignored.That is, BYD recently passed the equity transfer between its subsidiaries, and the business transfer was completed to the internal of the wholly-owned subsidiary Shenzhen BYD Microelectronics Co., Ltd. (referred to as “BYD Microelectronics”, renamed “BYD Semiconductor Co., Ltd.”).reconstruction.Through internal reorganization, BYD Microelectronics transferred 100% equity of Ningbo BYD Semiconductor Co., Ltd. and 100% equity of Guangdong BYD Energy Saving Technology Co., Ltd., and acquired intelligent optoelectronics, LED light source and LED application related businesses of Huizhou BYD Industrial Co., Ltd.On April 14, BYD announced that BYD Semiconductor plans to release strategic investors through capital increase and share expansion.”In the future, BYD Semiconductor will strengthen market demand orientation, actively expand external market orders, accelerate the company’s development, and grasp the possibility of the rise of China’s semiconductor industry.At the same time, BYD Semiconductor will make full use of the capital market financing platform, actively seek independent listing at an appropriate time, establish an independent capital market platform and a market-based incentive mechanism, stimulate the company’s vitality, and help the business continue to grow bigger and stronger.”BYD said.Sauna, night net Yan Xia editor Chen Li proofreading Liu Jun