BYD Company Income Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Revenue	765,540	785,676	761,135	590,468	414,781	208,285
Other Revenue	18,289	18,289	15,967	11,847	9,279	7,857
Revenue	783,830	803,965	777,102	602,315	424,061	216,142
Revenue Growth (YoY)	-4.70%	3.46%	29.02%	42.03%	96.19%	38.02%
Cost of Revenue	648,726	662,927	628,946	492,644	352,650	188,705
Gross Profit	135,104	141,038	148,157	109,672	71,411	27,437
Selling, General & Admin	46,207	46,385	42,730	28,833	25,068	11,792
Research & Development	55,099	57,978	53,195	39,575	18,654	7,991
Other Operating Expenses	1,133	2,293	700.75	5,096	5,546	764.68
Operating Expenses	103,040	107,273	98,341	75,043	50,332	21,014
Operating Income	32,064	33,765	49,815	34,628	21,079	6,423
Interest Expense	-2,914	-2,552	-2,094	-1,828	-1,316	-1,908
Interest & Investment Income	5,038	5,294	4,775	4,431	1,830	631.84
Currency Exchange Gain (Loss)	1,034	1,034	-1,532	638.79	1,216	-533.32
Other Non Operating Income (Expenses)	-4,381	-260.49	804.96	193.94	-22.05	75.58
EBT Excluding Unusual Items	30,841	37,280	51,770	38,065	22,787	4,689
Gain (Loss) on Sale of Investments	16.71	364.24	-106.22	257.74	-665.81	-9.78
Gain (Loss) on Sale of Assets	-828.71	-855.56	-1,759	-1,054	-876.12	-112.8
Asset Writedown	315.35	-	-224.71	-	-413.64	-93.29
Other Unusual Items	2,965	2,965	-	-	248.75	44.65
Pretax Income	33,309	39,753	49,681	37,269	21,080	4,518
Income Tax Expense	4,980	5,992	8,093	5,925	3,367	550.74
Earnings From Continuing Operations	28,329	33,761	41,588	31,344	17,713	3,967
Minority Interest in Earnings	-779.96	-1,142	-1,334	-1,303	-1,091	-922.08
Net Income	27,549	32,619	40,254	30,041	16,622	3,045
Preferred Dividends & Other Adjustments	292.12	292.12	30.5	39.81	6.29	19.27
Net Income to Common	27,256	32,327	40,224	30,001	16,616	3,026
Net Income Growth	-38.56%	-18.97%	34.00%	80.72%	445.86%	-28.08%
Shares Outstanding (Basic)	9,103	9,026	8,721	8,719	8,724	8,563
Shares Outstanding (Diluted)	9,103	9,026	8,725	8,724	8,731	8,563
Shares Change (YoY)	4.09%	3.45%	0.01%	-0.08%	1.97%	-0.91%
EPS (Basic)	2.99	3.58	4.61	3.44	1.90	0.35
EPS (Diluted)	2.99	3.58	4.61	3.44	1.90	0.35
EPS Growth	-41.59%	-22.34%	34.01%	80.74%	438.72%	-27.90%
Free Cash Flow	-88,249	-97,672	36,094	47,632	43,381	28,123
Free Cash Flow Per Share	-9.70	-10.82	4.14	5.46	4.97	3.28
Dividend Per Share	0.358	0.358	1.325	1.032	0.381	0.035
Dividend Growth	-72.97%	-72.97%	28.36%	171.08%	987.71%	-29.01%
Gross Margin	17.24%	17.54%	19.06%	18.21%	16.84%	12.69%
Operating Margin	4.09%	4.20%	6.41%	5.75%	4.97%	2.97%
Profit Margin	3.48%	4.02%	5.18%	4.98%	3.92%	1.40%
Free Cash Flow Margin	-11.26%	-12.15%	4.64%	7.91%	10.23%	13.01%
EBITDA	111,350	109,681	112,251	76,520	40,783	20,231
EBITDA Margin	14.21%	13.64%	14.45%	12.70%	9.62%	9.36%
D&A For EBITDA	79,286	75,916	62,436	41,892	19,704	13,808
EBIT	32,064	33,765	49,815	34,628	21,079	6,423
EBIT Margin	4.09%	4.20%	6.41%	5.75%	4.97%	2.97%
Effective Tax Rate	14.95%	15.07%	16.29%	15.90%	15.97%	12.19%
Revenue as Reported	-	-	-	-	424,061	-
Advertising Expenses	-	8,791	7,847	4,267	2,202	1,355

Source: S&P Global Market Intelligence. Standard template. Financial Sources.