BYD stated that the company began to market the components industry from last year, firstly promoting the marketization strategy within the company, pricing according to the market mechanism, forming a profit center, and motivating team growth with profit as the center. At the same time, it gradually promotes the implementation of various components. The plan for spin-off listing is currently under development.
BYD said that he believes that in the coming years, the company will launch the marketization of the parts and components industry according to the business conditions, policies, and regulatory environment.
Analysts believe that BYD, currently the second-batteries of the battery industry, will compete in the more open system with the unicorn enterprise in this field in the era of Ningde and compete for the market with the potential of 100 billion yuan in scale.
BYD released its 2017 financial statement on the 27th. The data shows that the company's revenue in 2017 was 105.917 billion yuan, an increase of 2.36% year-on-year. However, due to the government's subsidy for new energy vehicles, and the company's fuel vehicle sales in 2017 decreased by 24.62% year-on-year. In the whole year, the net profit attributable to the shareholders of the listed company was 4.066 billion yuan, a year-on-year decrease of 19.51%.