Shares in Chinese carmaker BYD have risen sharply on their debut on the Shenzen stock exchange, despite the company reporting a drop in profits.
BYD shares jumped as much as 39% to 25 yuan, compared with the listing price of 18 yuan.
The company had raised 1.42bn yuan ($219m; £136m) from the share issue to fund its expansion plans.
BYD shares jumped as much as 39% to 25 yuan, compared with the listing price of 18 yuan.
The company had raised 1.42bn yuan ($219m; £136m) from the share issue to fund its expansion plans.
