Asia300

BYD Co. Ltd.

China

  • 1m
  • 3m
  • 6m
  • 1y
  • 2y
  • 5y
Mar 24, 2017
Prev close: 44.65
Mar 24, 2017
Market cap:
Market cap(USD):
142,368M
18,328.8M
Shares: 2,728.14M

Currency in HKD

Company profile

Market(Ticker): HKG(1211)
Sector:
Industry:
Consumer Durables
Motor Vehicles
Full time employees: 196,026

Business summary

BYD Co. Ltd. engages in the research, development, manufacture and sale of rechargeable batteries. The company also manufactures and sells automobiles and related products, handset components, LCD and other electronic products. It operates its business through four segments: Rechargeable Battery & Other Products, Mobile Handset Components & Assembly Service, Automobiles & Related Products, and Other. The Rechargeable Battery & Other Products segment manufactures and sells lithium-ion and nickel batteries principally for mobile phones, electric tool, and other portable electronic instruments and new energy products. The Mobile Handset Components & Assembly Service segment engages in the manufacture and sale of mobile handset components such as housing, keypads and provision of assembly services. The Automobiles & Related Products segment engages in the manufacture and sale of automobiles and auto-related moulds and components. The Other segment comprises of non-manufacturing business of the company. The company was founded on February 10, 1995 and is headquartered in Shenzhen, China.

Company background

BYD is a major Chinese automaker based in Shenzhen, Guangdong Province. It sells vehicles under the BYD brand.

Founded in 1995, BYD started out as a battery maker and entered the automobile business in 2003. The company has diversified into areas such as cellphone assembly and solar cell manufacturing. Leveraging its strength as a battery maker, the company is developing electric and plug-in hybrid vehicles.

BYD Chairman Wang Chuanfu, who was once the richest man in China, still has supreme power within the company. Wang holds about a 23% stake in BYD as of March 2015, making him the largest shareholder. A subsidiary of Berkshire Hathaway, run by U.S. billionaire investor Warren Buffett, bought into the company in 2008. It is still a major shareholder with about a 9% stake.

In the news

Financial highlights

Dec 2015

  • Local currency
  • US Dollar
Revenue 97,524.07M
Gross profit 13,865.20M
Operating income 4,329.83M
Income before tax 4,980.52M
Net income 3,482.65M
EBITDA 11,011.12M
Diluted EPS 1.40
Dividends per share 0
Total assets 137,832.93M
Total liabilities 96,805.74M
Total equity 34,724.34M
Operating cash flow 4,711.77M

Currency in HKD

Revenue 12,579.57M
Gross profit 1,788.46M
Operating income 558.50M
Income before tax 642.43M
Net income 449.22M
EBITDA 1,420.31M
Diluted EPS 0.18
Dividends per share 0
Total assets 17,784.54M
Total liabilities 12,490.82M
Total equity 4,480.47M
Operating cash flow 607.76M

Currency in USD

Valuation measures

Dec 2015

PER 30.32
ROA 2.72%
ROE 10.48%
Operating margin 4.43%
Profit margin 3.57%

Key executive

  • Chairman, President & Chief Executive Officer: Chuan Fu Wang
  • Chief Financial Officer & Vice President: Jing Sheng Wu
  • Vice President: Huan Ming Liu
  • Vice President & General Manager-Division I: Nian Qiang Wang
  • Vice President & General Manager-Division 14: Hong Bin Luo

Share holders

  • Berkshire Hathaway, Inc.(24.5%)
  • Himalaya Capital Management LLC(8.2%)
  • The Vanguard Group, Inc.(2.4%)
  • BlackRock Fund Advisors(1.5%)
  • Hang Seng Investment Management Ltd.(1.1%)
  • Norges Bank Investment Management(0.8%)
  • M&G Investment Management Ltd.(0.6%)
  • BAMCO, Inc.(0.4%)
  • BlackRock Advisors (UK) Ltd.(0.4%)
  • E Fund Management Co., Ltd.(0.3%)

Address

  • Website: http://www.byd.com.cn
  • Address: No. 3009, BYD Road, Pingshan, Shenzhen, 518118, China
  • Phone: +86.755.8988.8888

Copyright © 2017 FactSet Research Systems Inc. All rights reserved.