BYD announces its performance report today. Its annual revenue in 2012 was 46,732,000,000 yuan, decreasing by 4.29 year on year. Net profits which belong to shareholders is 81,002,000 yuan, decreasing by 94.15%.
The report shows that China's auto market demand continues to decrease due to the weak macro conditions. Though in the fourth quarter, auto business revenue increase with the rise of new vehicle type's sale, annual revenue is basiclly flat. Besides, affected by the decrease of market shares, operating performance of mobile phone component and assembling business declined as well. With a sagging solar cell market, operating performance of global solar cell declined significantly in 2012.
Written by Nicolas Yang
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