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	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating Revenue	670,445	590,468	414,781	208,285	151,940	123,322
Other Revenue	11,847	11,847	9,279	7,857	4,658	4,416
Revenue	682,292	602,315	424,061	216,142	156,598	127,739
Revenue Growth (YoY)	17.91%	42.04%	96.20%	38.02%	22.59%	-1.78%
Cost of Revenue	542,030	482,803	352,650	188,705	126,751	107,077
Gross Profit	140,262	119,512	71,411	27,437	29,847	20,662
Selling, General & Admin	47,496	38,673	25,068	11,792	9,377	8,487
Research & Development	47,956	39,575	18,654	7,991	7,465	5,629
Other Operating Expenses	2,953	7,282	5,546	764.68	459.19	1,319
Operating Expenses	100,169	87,070	50,332	21,014	18,450	15,913
Operating Income	40,092	32,442	21,079	6,423	11,397	4,749
Interest Expense	-2,153	-1,828	-1,316	-1,908	-3,124	-3,487
Interest & Investment Income	5,209	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)	-1,838	-115.67	-22.05	75.58	31.4	-10.85
EBT Excluding Unusual Items	41,949	35,569	22,787	4,689	7,714	1,735
Gain (Loss) on Sale of Investments	386.77	257.74	-665.81	-9.78	-324.08	-805.25
Gain (Loss) on Sale of Assets	-1,214	-1,054	-876.12	-112.8	-375.66	-99.75
Asset Writedown	-1,094	-	-413.64	-93.29	-192.95	-
Other Unusual Items	2,495	2,495	248.75	44.65	61.61	1,601
Pretax Income	42,523	37,269	21,080	4,518	6,883	2,431
Income Tax Expense	7,258	5,925	3,367	550.74	868.62	312.27
Earnings From Continuing Operations	35,265	31,344	17,713	3,967	6,014	2,119
Minority Interest in Earnings	-1,353	-1,303	-1,091	-922.08	-1,780	-504.41
Net Income	33,912	30,041	16,622	3,045	4,234	1,614
Preferred Dividends & Other Adjustments	39.81	39.81	6.29	19.27	-	-
Net Income to Common	33,872	30,001	16,616	3,026	4,234	1,614
Net Income Growth	18.25%	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)	0.00%	-0.08%	1.97%	-0.91%	-10.79%	8.01%
EPS (Basic)	11.65	10.32	5.71	1.06	1.47	0.50
EPS (Diluted)	11.65	10.32	5.71	1.06	1.47	0.50
EPS Growth	18.16%	80.74%	438.68%	-27.89%	194.00%	-46.24%
Free Cash Flow	37,494	47,632	43,381	28,123	33,619	-5,886
Free Cash Flow Per Share	12.89	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	20.56%	19.84%	16.84%	12.69%	19.06%	16.17%
Operating Margin	5.88%	5.39%	4.97%	2.97%	7.28%	3.72%
Profit Margin	4.96%	4.98%	3.92%	1.40%	2.70%	1.26%
Free Cash Flow Margin	5.50%	7.91%	10.23%	13.01%	21.47%	-4.61%
EBITDA	98,625	74,334	40,783	20,231	23,715	14,333
EBITDA Margin	14.46%	12.34%	9.62%	9.36%	15.14%	11.22%
D&A For EBITDA	58,533	41,892	19,704	13,808	12,318	9,584
EBIT	40,092	32,442	21,079	6,423	11,397	4,749
EBIT Margin	5.88%	5.39%	4.97%	2.97%	7.28%	3.72%
Effective Tax Rate	17.07%	15.90%	15.97%	12.19%	12.62%	12.84%
Revenue as Reported	682,292	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.