At the 2016 Interim Results Announcement of BYD (01211) and BYD Electronics (00285) held in Hong Kong on the morning of August 29, the new energy vehicle, which is an important highlight of the domestic auto market, became the focus of the Q&A session of the conference.
The following is a live Q&A record.
Q: What is BYD's dividend policy? What is the proportion of new energy vehicles in the first half of the year? What is the annual sales target?
A: Dividends are determined according to the company's development needs and shareholders' needs. The company's business grew smoothly, and it will combine the needs of multiple parties and distribute dividends. New energy vehicles are growing rapidly, accounting for 70% of the auto sector. In the first half of the year, sales of new energy vehicles increased significantly by 130.74% year-on-year to approximately 49,000 units. BYD's annual sales of new energy vehicles is targeted at 120,000 units.
Q: Is the goal of 120,000 units slower and will it be lowered? Can the subsidy policy match the performance?
A: The first half of the year was much better than the 22,000 units in the first half of last year. So I have the confidence to complete, no need to adjust. New energy vehicles are a national strategy, and domestic market demand for environmental policies is relatively stable, and demand remains strong.
Q: The traditional car fell 30% in the first half of the year, will it last in the second half? Will new energy vehicle revenue account for 35% of the increase in the future?
A: The price of new energy vehicles is very different from that of traditional vehicles. In the automotive sector, new energy accounts for 70%. In the second half of the year, traditional models will also increase products, and increase publicity, which will increase. New energy vehicles are the focus of future development, and the momentum is good. We can see that the proportion of sales in the future will increase.
Q: In March, the sales target was 150,000. Is it down now? Is there a plan to announce a new list of cities?
A: The previous target was 12 to 150,000, and the minimum was 120,000, which is within the target range. The market will change, but 120,000 have confidence. Cars in third- and fourth-tier cities are growing rapidly, but road growth is limited. In the next three to five years, these cities will have traffic pressure. Either repair the subway, but expensive, the cycle is not suitable. It is a good choice to do the subtraction of the ground in the air, which is the introduction of BYD, which is very suitable for the needs of third- and fourth-tier cities. We started trial operation in Shenzhen soon, and we believe that there will be room for growth in these cities in the future.
(Editor's note: At the BYD Shareholders' Meeting held in June this year, Wang Chuanfu first announced the company's new business in the next five years, namely the development of electric light rail transit in the second, third and fourth tier cities. It is understood that the company has officially established the light rail. Transportation Research Institute.)
Q: How to deal with the reduction of subsidies in Shanghai?
A: Shanghai has policies and we are taking measures. It will increase publicity, increase product appeal, increase advertising promotion, and minimize impact. At present, Shanghai sales have been good, plus the foundation laid before, the future will be good.
Q: What are the progress of new energy vehicles, Hong Kong Citybus and NWFB cooperation? Samsung's shareholding and equity considerations, what role does Samsung play in the company in the future?
A: The electric bus has been promoted in 48 countries and regions. It is supplied to some bus companies in Hong Kong and operates well. BYD is concerned about the Hong Kong market and has the opportunity to tender. It is sure to come and will increase its participation in Hong Kong. Samsung purchased 52.26 million BYD A shares for about RMB 3 billion, which will hold 1.92% of the total shares after the company’s non-public offering. Cooperation is long-term. Samsung is our partner, we also buy Samsung parts, such as LED. We are optimistic about Samsung's competitiveness, Samsung is also optimistic about the future of BYD. We are optimistic about this cooperation.
All our items Suitable for space like meeting room, living room as well as restaurant, leisure club,office etc;
And all are packed in singel neautral box safely, mass production in carton case approved by drop test. We can make custom logo and box for bulk cargos. Please click to contact us freely if you have the query. We have different shipping options for you: Express, Air, Sea. Please choose your favorite way, or you can also refers to our recommendation.
We have our own Control systems: Shorten lead times at low cost with responsive production planning and with many years experience of producing products.
We could provide OEM / ODM service for all kinds of customers. Our professional support team will service online 24 hours for customers.
We have a very strong quality control Samples are always available for checking quality and Efficient Logistics.
Professional Design Team: artwork/ Instruction manual/ product design according to customer's requirements.
Electric Humidifier,Wood Grain Diffuser,Wooden Aroma Diffuser,Wood Grain Oil Diffuser
KIWA ELECTRONIC (HK) INDUSTRIES CO.,LTD , https://www.kiwahk.com