调研问答全文
比亚迪 (002594) 2014-11-20
会议主要关注BYD部分，会议中提及的问题及答复如下，
Q1：How about the business of BYD?
A：BYD was founded in 1995 as battery company and entered automobile business and handset components business in 2003. For the breakdown of revenue, auto biz takes 50%, handset components 40% and battery 10% for last year.
Q2：How about the Q3 results？
A：The Q3 result is not good due to weak performance of traditional vehicle and solar biz, make loss in Q3. But electric vehicle biz make steadily growth this year and contribute a lot in terms of revenue and profit.
Q3：What‘s the position of BYD in China EV market？
A：According to the number from CAAM, sales volume of new energy vehicle in China market in first 3 quarters is roughly 38 thousand, and the sales volume of BYD is roughly 13 thousand, and BYD‘ marker share up to 34%, and especially in the plug-in hybrid segment, BYD‘s market share as high as 60%, as a dominator the segment. BYD invested in EV biz for 10 years, and process lots of technology in EV and components side, while competitors in China may just started their EV biz within 2 or 3 years.
Q4：How the conventional automobile biz goes？
A：For conventional auto biz, it faces some challenge this year due to fierce competition, and also energy efficient subsidy expired. For this year, the sales volume of conventional auto may decline 20% or something, and it will turn better since fourth quarter. In terms of electric vehicle, it continuous it‘s growth momentum in third quarter and will keep growth in fourth quarter and forward.
Q5： What‘s BYD‘s strategy in conventional auto biz？
A：Going forward, BYD will gradually change all the traditional models to PHEV by adding a plug-in system inside the car. Maybe within 3 or 5 years, BYD can change all the traditional model to PHEV or EV, and then BYD change automobile biz to EV completely.
Q6：How about the handset component biz？
A：BYD also reached a big progress in this biz in first half. We reached a moderate growth in the topline and big jump in the bottomline in first half in this area, mostly due to the contribution from metal casing biz. We believe the metal casing biz will face bright future with increasing penetration rate.
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