BYD Company (1211) Q3 2024 earnings summary

Executive summary

• Operating revenue for Q3 2024 reached RMB 201.1 billion, up 24.04% year-over-year; year-to-date revenue was RMB 502.3 billion, up 18.94% year-over-year.

• Net profit attributable to shareholders for Q3 was RMB 11.6 billion, up 11.47% year-over-year; year-to-date net profit was RMB 25.2 billion, up 18.12% year-over-year.

• Basic and diluted EPS for Q3 were RMB 4.00, up 11.73% year-over-year; year-to-date EPS was RMB 8.68, up 18.10% year-over-year.

Financial highlights

• Net cash flow from operating activities for Q3 was RMB 56.3 billion, down 42.50% year-over-year.

• Total assets as of September 30, 2024, were RMB 764.3 billion, up 12.47% from year-end 2023.

• Total owners' equity attributable to shareholders was RMB 155.5 billion, up 12.00% from year-end 2023.

• Extraordinary gains for the period totaled RMB 2.05 billion, mainly from government grants and fair value changes.

Key financial ratios and metrics

• Weighted average return on net assets for Q3 was 7.48%, down 0.87 percentage points year-over-year.

• Gross margin and operating profit margin not explicitly disclosed, but operating profit for the nine months was RMB 31.7 billion, up from RMB 26.6 billion year-over-year.