比亚迪股份2024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. H0121181211A002594 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 electronic 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. 5GAIDCAI3D As a global leading provider of high-tech and innovative products in theelectronics field, the Group provides customers around the world withone-stop product solutions relying on its core advantages in electronicinformation, AI, 5G and Internet of Things, thermal management, newmaterials, precision molds and digital manufacturing technologies. TheGroup engages in a wide variety of electronics business ranging fromsmart phones, tablet PCs, AIDC (AI servers, thermal management, powermanagement, etc.), smart home, game hardware, unmanned aerialvehicles, 3D printers, Internet of Things, robots, communication equipmentto other diversified market areas. Leveraging its competence in highlyvertical integration, the Group is able to provide customers with a full rangeof services, and quickly and efficiently respond to the market’s changingdemands. 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 Analysis39Consolidated Balance Sheet42Consolidated Income Statement45Consolidated Statement of Changes in Owners’ Equity47Consolidated Cash Flow Statement50Notes to Financial Statements CORPORATE INFORMATION EXECUTIVE DIRECTORWang Chuan-fu NON-EXECUTIVE DIRECTORSLv Xiang-yangXia Zuo-quan INDEPENDENT NON-EXECUTIVE DIRECTORS Cai Hong-pingZhang MinYu Ling SUPERVISORS Li Yong-zhaoZhu Ai-yunWang ZhenHuang Jiang-fengTang Mei COMPANY SECRETARYLi Qian AUDIT COMMITTEE Xia Zuo-quanCai Hong-pingZhang Min (Chairman)Yu Ling REMUNERATION COMMITTEE Wang Chuan-fuXia Zuo-quanCai Hong-ping (Chairman)Zhang MinYu Ling NOMINATION COMMITTEE Wang Chuan-fuLv Xiang-yangCai Hong-pingZhang MinYu Ling (Chairman) 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 TRANSFEROFFIC