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    1211   CNE100000296

BYD COMPANY LIMITED

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BYD Net Profit Fell 27.5% in Third Quarter

10/28/2021 | 04:04am EST

By Ben Otto

Chinese auto maker BYD Co. reported a 27.5% decline in net profit in the third quarter, alongside a jump in operating income.

The Shenzhen-based electric-vehicle and battery maker said in a filing to the Hong Kong bourse Thursday that net profit declined to 1.27 billion Chinese yuan (US$198.7 million) from CNY1.75 billion a year ago.

Operating income rose 22% to CNY54.31 billion.

BYD, backed by Warren Buffet's Berkshire Hathaway, said that in the first three quarters of the year, revenue from operations rose 38% to CNY145.19 billion, largely due to increases in its auto and mobile phone businesses. Net profit through September was CNY2.44 billion, down from CNY3.41 billion a year ago.

BYD is a major player and Tesla rival in China, one of the world's largest markets for electric vehicles.

Write to Ben Otto at ben.otto@wsj.com

(END) Dow Jones Newswires

10-28-21 0604ET

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Analyst Recommendations on BYD COMPANY LIMITED
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Financials
Sales 2021 221 B 34 728 M 34 728 M
Net income 2021 4 669 M 732 M 732 M
Net Debt 2021 29 907 M 4 691 M 4 691 M
P/E ratio 2021 150x
Yield 2021 0,07%
Capitalization 824 B 129 B 129 B
EV / Sales 2021 3,86x
EV / Sales 2022 3,04x
Nbr of Employees 224 280
Free-Float 56,5%
Chart BYD COMPANY LIMITED
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Technical analysis trends BYD COMPANY LIMITED
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TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 20
Last Close Price 243,62 CNY
Average target price 308,08 CNY
Spread / Average Target 26,5%
EPS Revisions
Managers and Directors
Chuan Fu Wang Chairman, President & General Manager
Ya Lin Zhou Chief Financial Officer
Jun Qing Dong Chairman-Supervisory Board
Hong Ping Cai Independent Non-Executive Director
Yan Bo Jiang Independent Non-Executive Director
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