BYD Company (1211) Q1 2025 earnings summary

Executive summary

• Operating revenue for Q1 2025 reached RMB 170.36 billion, up 36.35% year-over-year, driven by growth in the new energy vehicle business.

• Net profit attributable to shareholders rose 100.38% year-over-year to RMB 9.15 billion.

• The company completed a placing of 129.8 million new H shares, strengthening its capital base and attracting institutional investors.

Financial highlights

• Net profit after extraordinary items increased 117.8% year-over-year to RMB 8.17 billion.

• Basic and diluted EPS both rose to RMB 3.12, up 98.73% year-over-year.

• Net cash flow from operating activities was RMB 8.58 billion, down 16.1% year-over-year.

• Total assets grew 7.3% from year-end 2024 to RMB 840.53 billion; owners' equity rose 25.97% to RMB 233.36 billion.

Outlook and guidance

• The company is accelerating overseas expansion and enhancing technological capabilities.