BYD sales up 13 per­cent in 2013, but out­look not so rosy

China Daily (Canada) - - BUSINESS -

BYD said in a fi­nan­cial state­ment on Wed­nes­day it earned 52.9 bil­lion yuan ($8.6 bil­lion) in sales in 2013, an in­crease of 13 per­cent year-on-year. Net profit soared nearly 600 per­cent to 553 mil­lion yuan last year but first-quar­ter profit is ex­pected to fall to 5 mil­lion yuan to 15 mil­lion yuan as China’s sub­sidy pol­icy shifts to elec­tric cars. con­ser­va­tion, en­vi­ron­men­tal pro­tec­tion and sewage dis­posal, Sun Yongfu, gen­eral di­rec­tor for the Euro­pean Af­fairs of China’s Min­istry of Com­merce, told a sem­i­nar on Thurs­day to mark the 65th an­niver­sary of China-Czech diplo­macy. Co­op­er­a­tion in ser­vices, es­pe­cially tourism and fi­nance, high­lighted the two-way in­vest­ments be­tween the two coun­tries, Sun said. com­pany on Thurs­day, and the bank will of­fer low-cost loans, re­quir­ing no col­lat­eral.

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