BYD Co. Ltd. said its normalized net income for the third quarter was 27 fen per share, compared with the S&P Capital IQ consensus estimate of 51 fen per share.
EPS decreased 40.1% year over year from 46 fen.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 792.8 million yuan, a decrease of 34.7% from 1.21 billion yuan in the year-earlier period.
The normalized profit margin declined to 2.7% from 4.4% in the year-earlier period.
Total revenue grew on an annual basis to 28.90 billion yuan from 27.85 billion yuan, and total operating expenses increased from the prior-year period to 26.66 billion yuan from 25.66 billion yuan.
Reported net income fell 23.9% on an annual basis to 1.07 billion yuan, or 37 fen per share, from 1.40 billion yuan, or 53 fen per share.
As of Oct. 27, US$1 was equivalent to 6.65 yuan.