BYD sales up 13 percent in 2013, but outlook not so rosy
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, Yhd.com and the bank will offer low-cost loans, requiring no collateral.