BYD Company Limited (HKG: 1211)

BYD Company Income Statement

Financials in millions CNY. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating Revenue	630,490	590,468	414,781	208,285	151,940	123,322
Other Revenue	12,828	11,847	9,279	7,857	4,658	4,416
Revenue	643,318	602,315	424,061	216,142	156,598	127,739
Revenue Growth (YoY)	20.57%	42.04%	96.20%	38.02%	22.59%	-1.78%
Cost of Revenue	511,212	482,803	352,650	188,705	126,751	107,077
Gross Profit	132,106	119,512	71,411	27,437	29,847	20,662
Selling, General & Admin	43,028	38,673	25,068	11,792	9,377	8,487
Research & Development	45,361	39,575	18,654	7,991	7,465	5,629
Other Operating Expenses	4,961	7,282	5,546	764.68	459.19	1,319
Operating Expenses	95,069	87,070	50,332	21,014	18,450	15,913
Operating Income	37,037	32,442	21,079	6,423	11,397	4,749
Interest Expense	-1,966	-1,828	-1,316	-1,908	-3,124	-3,487
Interest & Investment Income	5,074	4,431	1,830	631.84	214.61	353.76
Currency Exchange Gain (Loss)	638.79	638.79	1,216	-533.32	-805.55	130.46
Other Non Operating Income (Expenses)	-937.29	-115.67	-22.05	75.58	31.4	-10.85
EBT Excluding Unusual Items	39,847	35,569	22,787	4,689	7,714	1,735
Gain (Loss) on Sale of Investments	518.57	257.74	-665.81	-9.78	-324.08	-805.25
Gain (Loss) on Sale of Assets	-1,138	-1,054	-876.12	-112.8	-375.66	-99.75
Asset Writedown	-625.88	-	-413.64	-93.29	-192.95	-
Other Unusual Items	2,495	2,495	248.75	44.65	61.61	1,601
Pretax Income	41,097	37,269	21,080	4,518	6,883	2,431
Income Tax Expense	7,079	5,925	3,367	550.74	868.62	312.27
Earnings From Continuing Operations	34,018	31,344	17,713	3,967	6,014	2,119
Minority Interest in Earnings	-1,300	-1,303	-1,091	-922.08	-1,780	-504.41
Net Income	32,718	30,041	16,622	3,045	4,234	1,614
Preferred Dividends & Other Adjustments	57.88	39.81	6.29	19.27	-	-
Net Income to Common	32,660	30,001	16,616	3,026	4,234	1,614
Net Income Growth	36.43%	80.72%	445.86%	-28.08%	162.27%	-41.93%
Shares Outstanding (Basic)	2,907	2,906	2,908	2,854	2,880	3,229
Shares Outstanding (Diluted)	2,909	2,908	2,910	2,854	2,880	3,229
Shares Change (YoY)	-0.02%	-0.08%	1.97%	-0.91%	-10.79%	8.01%
EPS (Basic)	11.24	10.32	5.71	1.06	1.47	0.50
EPS (Diluted)	11.23	10.32	5.71	1.06	1.47	0.50
EPS Growth	36.28%	80.74%	438.68%	-27.89%	194.00%	-46.24%
Free Cash Flow	-1,450	47,632	43,381	28,123	33,619	-5,886
Free Cash Flow Per Share	-0.50	16.38	14.90	9.85	11.67	-1.82
Dividend Per Share	3.096	3.096	1.142	0.105	0.148	0.060
Dividend Growth	171.10%	171.10%	987.62%	-29.05%	146.67%	-70.59%
Gross Margin	20.54%	19.84%	16.84%	12.69%	19.06%	16.17%
Operating Margin	5.76%	5.39%	4.97%	2.97%	7.28%	3.72%
Profit Margin	5.08%	4.98%	3.92%	1.40%	2.70%	1.26%
Free Cash Flow Margin	-0.23%	7.91%	10.23%	13.01%	21.47%	-4.61%
EBITDA	92,488	74,334	40,783	20,231	23,715	14,333
EBITDA Margin	14.38%	12.34%	9.62%	9.36%	15.14%	11.22%
D&A For EBITDA	55,451	41,892	19,704	13,808	12,318	9,584
EBIT	37,037	32,442	21,079	6,423	11,397	4,749
EBIT Margin	5.76%	5.39%	4.97%	2.97%	7.28%	3.72%
Effective Tax Rate	17.23%	15.90%	15.97%	12.19%	12.62%	12.84%
Revenue as Reported	602,315	602,315	424,061	-	156,598	127,739
Advertising Expenses	-	4,267	2,202	1,355	1,490	1,082

Source: S&P Capital IQ. Standard template. Financial Sources.