比亚迪股份2023年中期报告

COMPANY PROFILE BYD Company Limited (“BYD” or “the Company”, together with itssubsidiaries, “the Group”; stock code: H shares: 01211 (HKD counter);81211 (RMB counter); A shares: 002594) is principally engaged inautomobile business which mainly includes new energy vehicles,handset components and assembly services, rechargeable batteries andphotovoltaics business. Meanwhile, with its technological superiority, theGroup actively develops urban rail transportation business segment. H0 1 2 1 18 1 2 1 1A002594 As a pioneer and leader in the global new energy vehicle industry, relyingon its strong technological accumulation in the fields of power batteries,motors and electronic control and through continuous technologicalinnovation, the Group has developed its long-term and sustainable corecompetitive advantages which established the leading position of theGroup in the global new energy vehicle industry and accelerated thetransformation and upgrade of the global automobile industry. Dell– BYD is one of the leading rechargeable battery manufacturers in the globalarena. As to the field of consumer batteries, the Group’s li-ion batteries arewidely used in various consumer electronics products and new intelligentproducts, major clients of which include leading consumer electronicsmanufacturers such as Samsung and Dell, as well as global leadingprofessional robot brands such as Ecovacs. As to the field of powerbatteries, the Group has developed “Blade Batteries”, the highly safe LFPbatteries, to better meet the urgent demand of safety in the market, andto speed up the pace of LFP batteries returning to the mainstream marketof power batteries. As to the field of energy storage batteries, the Groupfocuses on applications such as power grid energy storage, industrialand commercial energy storage and household energy storage to providecleaner and more sustainable energy storage solutions to customers. As an important move of the Group in the field of clean energy, thephotovoltaics business has a complete industrial chain layout coveringsilicon wafer, solar cells, photovoltaic modules and photovoltaic systemapplication, etc. It connects all processes from energy collection, storageto application. The Group will proactively develop new technologies topromote the continuous upgrade of its products. As a global leading high-end platform-based manufacturing enterprise,the Group provides world-renowned customers with one-stop servicesincluding new materials development, product design, research anddevelopment, components and machine manufacturing, supply chainmanagement, logistics, after-sales and other etc. The Group engages indiversified market segments, such as smart phones, tablet computers,smart home devices, game hardware, drones, Internet of Things, robots,communication equipment and medical and health equipment. Thecompetence of the Company in highly vertical integration enhances itsability to provide customers with a full range of services, and quickly andefficiently respond to changing demands. Urban rail transportation business is an important area for the Group’sfuture development. With its technology and cost advantages in the areaof new energy, the Group has successfully developed medium-capacity“SkyRail” and low-capacity “SkyShuttle” with high efficiency and low cost,which, together with new energy vehicles, achieves the three-dimensionalcoverage of urban public transportation, and drives the long-term andsustainable development of the Group while helping alleviate urban trafficjam and air pollution. CONTENTS 2Corporate Information4Financial Highlights5Management Discussion and Analysis37Consolidated Balance Sheet40Consolidated Income Statement43Consolidated Statement of Changes in Owners’ Equity45Consolidated Cash Flow Statement48Notes to Financial Statements CORPORATE INFORMATION EXECUTIVE DIRECTORWang Chuan-fu NON-EXECUTIVE DIRECTORSLv Xiang-yangXia Zuo-quan INDEPENDENT NON-EXECUTIVE DIRECTORS Cai Hong-pingZhang MinJiang Yan-bo SUPERVISORS Dong Jun-qingLi Yong-zhaoWang ZhenTang MeiHuang Jiang-feng COMPANY SECRETARYLi Qian AUDIT COMMITTEE Lv Xiang-yangZhang Min (Chairman)Cai Hong-pingJiang Yan-bo REMUNERATION COMMITTEE Wang Chuan-fuXia Zuo-quanCai Hong-ping (Chairman)Zhang MinJiang Yan-bo NOMINATION COMMITTEE Wang Chuan-fuLv Xiang-yangJiang Yan-bo (Chairman)Cai Hong-pingZhang Min STRATEGY COMMITTEE Wang Chuan-fu (Chairman)Lv Xiang-yangXia Zuo-quanCai Hong-pingZhang Min CORPORATE INFORMATION AUTHORISED REPRESENTATIVES Wang Chuan-fuLi Qian LEGAL ADDRESS No. 1 Yan’an RoadKuichong Sub-districtDapeng New DistrictShenzhenGuangdong ProvinceThe PRC AUDITORS Ernst & Young Hua Ming LLP PLACE OF BUSINESS IN HONG KONG 138171712 Unit 1712, 17th FloorTower 2 Grand Central PlazaNo. 138 Shatin Rural Committee RoadNew TerritoriesHong Kong HONG KONG SHARE REGISTRAR AND TRANSFEROFFICE 183171712–1716 Computershare Hong Kong Investor Services LimitedShops 1712–171617th FloorHopewell Centre183 Q