日前，比亚迪披露了2018年一季度财报。报告显示，比亚迪今年第一季度实现营收247.38亿元，同比增长17.54%；而净利润为1.02亿元，同比下滑83.09%。扣非后净利润为亏损3.29亿元，同比下降173%。比亚迪预计今年上半年归属于上市公司股东的净利润为3亿至5亿元，同比减少71%至83%。受4月27日发布的一季度财报不利影响，比亚迪股价便接连下挫，在短短几天内，比亚迪的市值蒸发接近700亿元，比2017年11月的高点，缩水了33%。比亚迪指出，净利润大幅下滑是因为新能源汽车补贴退坡、政府补贴减少，导致新能源汽车业务尤其是电动大巴部分的盈利能力出现大幅下滑。此外，业内进一步增加的竞争也对汽车业务造成了冲击。

 

BYD suffers YoY net profit nosedive of over 80% in Q1

BYD reported revenue of RMB 24.738 billion with a year-on-year growth of 17.54% in the first quarter. However, its net profit nosedived 83.09% from a year earlier to RMB 102 million in the first three months. Apart from the slump of net profit, BYD's net loss after the non-recurring gains and losses reached RMB 329 million, plunging 173% year on year in the first quarter. It is expected that BYD's net profit will range between RMB 300 million and RMB 500 million in the first half of this year, slumping 71% to 83% year on year.

 

BYD suffered stock plunge after its Q1 report released on Apr. 27. By the closing of May 4, BYD's market value had been wiped out more than RMB 70 billion, slumping 33% compared with the peak in November, 2017.

 

BYD pointed out that the sharp decrease of the net profit was mainly due to the tighter subsidies. The phasing out of NEV subsidies resulted in the profitability drop of BYD's NEV businesses, especially the electric bus. What's more, the increasingly intense industrial competition also impact greatly on its whole automobile business.