BYD's revenue reached 371.3 billion yuan in the first half of the year: Overseas revenue accounted for 36%, and net profit was 15.5 billion yuan.

BYD Company Limited (Stock Code: 002594, Stock Abbreviation: BYD) recently released its financial report for the first half of 2025. The financial report shows that BYD's revenue in the first half of 2025 was 371.281 billion yuan, a 23.3% increase from 301.127 billion yuan in the same period of the previous year.

BYD recorded government subsidies of 1.28 billion yuan in the first half of 2025.

BYD's R & D investment in the first half of 2025 was approximately 30.88 billion yuan, a 53% increase from 20.177 billion yuan in the same period of the previous year, mainly due to the increase in employee compensation and material consumption.

BYD's net profit in the first half of 2025 was 15.5 billion yuan, a 13.79% increase from 13.631 billion yuan in the same period of the previous year; the net profit after deducting non - recurring gains and losses was 13.6 billion yuan, a 10.43% increase from 12.315 billion yuan in the same period of the previous year.

Automobile and related revenues in the first half of the year reached 302.5 billion yuan, a year - on - year increase of 32%

BYD is mainly engaged in automobile business mainly focusing on new energy vehicles, mobile phone components and assembly business, secondary rechargeable battery and photovoltaic business, and also expands into the field of urban rail transit business.

The revenue from BYD's automobile, automobile - related products and other product businesses in the first half of 2025 was approximately 302.5 billion yuan, a 32.49% increase from 228.3 billion yuan in the same period of the previous year, accounting for 81.48% of the total revenue;

The revenue from BYD's mobile phone components, assembly and other product businesses in the first half of 2025 was approximately 68.744 billion yuan, a 5.54% decrease from 72.778 billion yuan in the same period of the previous year, accounting for 18.51% of the total revenue.

BYD's revenue from the Greater China region in the first half of 2025 was 235.9 billion yuan, a 11.72% increase from 211.2 billion yuan in the same period of the previous year, accounting for 63.54% of the total revenue; the revenue from overseas was 135.4 billion yuan, a 50.49% increase from 89.9 billion yuan in the same period of the previous year, accounting for 36.46%.

Completed a placement of $5.6 billion in the first half of the year

As of June 30, 2025, HKSCC NOMINEES LIMITED held 40.38% of the shares, Wang Chuanfu directly held 16.90%, and Lü Xiangyang held 7.87%;

Rongjie Investment Holding held 5.11%, Hong Kong Securities Clearing Company Limited held 4.21%, Xia Zuoquan held 2.72%, Wang Nianqiang held 0.60%, and Industrial and Commercial Bank of China Limited - Huatai - PineBridge CSI 300 Exchange - Traded Open - End Index Securities Investment Fund held 0.53%;

As of June 30, 2025, BYD's equity structure

Central Huijin Asset Management Co., Ltd. held 0.39%, and China Construction Bank Corporation - E Fund CSI 300 Exchange - Traded Open - End Index Initiated Securities Investment Fund held 0.38%.

The shares held by HKSCC NOMINEES LIMITED are the total shares of the company's H - share shareholders' accounts traded on the HKSCC NOMINEES LIMITED trading platform that it represents. Lü Xiangyang is Wang Chuanfu's cousin. Lü Xiangyang and his spouse, Ms. Zhang Changhong, hold 89.5% and 10.5% of the equity of Rongjie Investment Holding Group Co., Ltd. respectively.

As of March 31, 2025, HKSCC NOMINEES LIMITED held 40.38% of the shares, Wang Chuanfu directly held 16.90%, and Lü Xiangyang held 7.87%;

As of March 31, 2025, BYD's equity structure

Rongjie Investment Holding held 5.11%, Hong Kong Securities Clearing Company Limited held 4.13%, Xia Zuoquan held 2.72%, Wang Nianqiang held 0.60%, Industrial and Commercial Bank of China Limited - Huatai - PineBridge CSI 300 Exchange - Traded Open - End Index Securities Investment Fund held 0.49%, Central Huijin Asset Management Co., Ltd. held 0.39%, and Li Ke held 0.36%.

In March 2025, BYD completed a lightning placement of H - shares worth $5.6 billion, attracting investors including many top - tier long - term, sovereign funds and Middle Eastern strategic investors from around the world.

As of the close on Friday, BYD's A - share price was 114.06 yuan, with a market value of 1.04 trillion yuan.

This article is from the WeChat official account "Leidi" (ID: touchweb). Author: Lei Jianping. It is published by 36Kr with authorization.