Buffett-backed BYD warns on 2019 profit as Chinese market contracts [Reuters (UK)]
BYD CO LTD UNSP/ADR (BYDDY)
NASDAQ:AMEX Investor Relations:
byd.cn/bydenglish/investor
Company Research
Source: Reuters
Buffett-backed BYD warns on 2019 profit as Chinese market contracts - Reuters 2 Min Read BEIJING (Reuters) - Chinese electric car maker BYD Co Ltd said on Tuesday it expected full-year net profit to fall by as much as 43%, as sales of new energy vehicles in the world’s biggest auto market plunged following a cut in government subsidies. The Shenzhen-based company, which is backed by U.S. investor Warren Buffett and whose products include battery electric and plug-in hybrid vehicles, posted net profit of 119.72 million yuan ($16.95 million) in the third quarter, down 88.6% from 1.05 billion yuan a year earlier. It said 2019 profit would be between 1.58 billion yuan and 1.77 billion yuan, down from 2.78 billion yuan a year earlier. “As subsidies on new energy vehicles drop sharply, sales of new energy vehicles are falling short of expectations. It is expected that the profit of the company’s new energy vehicle business will also decline to a certain extent compared with the same period
Show less
Read more
Impact Snapshot
Event Time:
BYDDY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
---|---|---|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
Last Price | ||
VWAP | ||
High:
|
Max Up |
High:
|
Low:
|
Max Down |
Low:
|
%
|
Post news range |
%
|
|
Price change |
|
|
Price Change Percentage |
|
|
S&P 500 (SPX) |
|
%
|
Volume ratio |
%
|
Volume | ||
Ticks | ||
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
BYDDY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
BYDDY alerts
High impacting BYD CO LTD UNSP/ADR news events
Weekly update
A roundup of the hottest topics
BYDDY
News
- The transition to electrification ramps up as Ferrari unveils a $423,000 sports car to rival BYD's electric supercar [Fortune]Fortune
- Ferrari Unveils $423,000 Sports Car With 1960s Bloodline [BNN Bloomberg (Canada)]BNN Bloomberg
- Global Sodium-Ion Battery (Sodium-Sulfur, and Sodium-Salt) Industry Analysis 2023-2028 with Faradion, Contemporary Amperex, Tiamet Energy, HiNa Battery and Jiangsu Zoolnasm Energy Dominating [Yahoo! Finance]Yahoo! Finance
- Chinese Firms Are Investing Abroad at Fastest Pace in Eight Years [Financial Post (Toronto, Ontario, Canada)]Financial Post
- China's Cheap EVs Redraw the Map of Where Cars Get Made [BNN Bloomberg (Canada)]BNN Bloomberg