BYD Co., Ltd.
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.
Business Summary
Financial Highlights
Dec 2022 | HKD | USD |
Revenue | 479,771.80M | 61,269.71M |
Gross Profit | 66,778.53M | 8,528.01M |
Operating income | 22,435.41M | 2,865.13M |
Income before tax | 25,310.75M | 3,232.33M |
Net income | 19,329.88M | 2,468.54M |
EBITDA | 46,123.25M | 5,890.21M |
Diluted EPS | 6.64 | 0.84 |
Dividends Per Share | 1.26 | 0.16 |
Total Assets | 557,195.78M | 71,390.05M |
Total liabilities | 420,906.59M | 53,928.16M |
Total equity | 124,657.00M | 15,971.53M |
Operating cash flow | 163,927.43M | 20,934.50M |
Currency in HKD | Currency in USD |
Historical Data
Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | |
Revenue | 151,502.40M | 143,075.23M | 173,546.88M | 256,839.51M | 479,771.80M |
Gross Profit | 20,880.04M | 19,610.81M | 29,161.54M | 27,443.41M | 66,778.53M |
Operating income | 6,115.81M | 5,098.61M | 11,123.22M | 5,072.80M | 22,435.41M |
Income before tax | 5,460.76M | 3,236.09M | 7,943.86M | 5,620.25M | 25,310.75M |
Net income | 3,293.01M | 1,830.65M | 4,758.01M | 3,670.09M | 19,329.88M |
EBITDA | 17,281.09M | 16,256.50M | 25,190.37M | 22,076.38M | 46,123.25M |
Diluted EPS | 1.20 | 0.67 | 1.74 | 1.27 | 6.64 |
Dividends Per Share | 0.23 | 0.06 | 0.17 | 0.12 | 1.26 |
Total Assets | 222,895.98M | 219,439.31M | 239,129.72M | 362,922.08M | 557,195.78M |
Total liabilities | 155,934.07M | 151,832.60M | 161,317.93M | 229,922.22M | 420,906.59M |
Total equity | 58,503.15M | 58,578.26M | 66,134.63M | 116,295.46M | 124,657.00M |
Operating cash flow | 14,638.30M | 16,518.91M | 51,032.47M | 79,072.64M | 163,927.43M |
Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | |
Revenue | 19,330.33M | 18,260.57M | 22,375.83M | 33,043.21M | 61,269.71M |
Gross Profit | 2,664.10M | 2,502.91M | 3,759.87M | 3,530.68M | 8,528.01M |
Operating income | 780.32M | 650.73M | 1,434.14M | 652.63M | 2,865.13M |
Income before tax | 696.74M | 413.01M | 1,024.22M | 723.06M | 3,232.33M |
Net income | 420.15M | 233.64M | 613.46M | 472.16M | 2,468.54M |
EBITDA | 2,204.91M | 2,074.80M | 3,247.85M | 2,840.19M | 5,890.21M |
Diluted EPS | 0.15 | 0.08 | 0.22 | 0.16 | 0.84 |
Dividends Per Share | 0.02 | 0.00 | 0.02 | 0.01 | 0.16 |
Total Assets | 28,469.28M | 28,162.85M | 30,840.12M | 46,550.55M | 71,390.05M |
Total liabilities | 19,916.60M | 19,486.20M | 20,804.88M | 29,491.19M | 53,928.16M |
Total equity | 7,472.28M | 7,517.93M | 8,529.26M | 14,916.75M | 15,971.53M |
Operating cash flow | 1,867.71M | 2,108.29M | 6,579.74M | 10,172.94M | 20,934.50M |
Valuation Measures
Dec 2022 | |
PER | 29.00 |
ROA | 4.20% |
ROE | 16.04% |
Operating margin | 4.67% |
Profit margin | 4.02% |
Key executives
- Chairman, President & General Manager: Chuan Fu Wang
- Chief Financial Officer: Ya Lin Zhou
- Executive Vice President: Yu Bo Lian
- Senior Vice President: Hong Bin Luo
- Vice President: Huan Ming Liu
Shareholders
- Berkshire Hathaway, Inc. (9.8%)
- Himalaya Capital Management LLC (5.7%)
- The Vanguard Group, Inc. (2.6%)
- BlackRock Fund Advisors (2.1%)
- Hang Seng Investment Management Ltd. (1.4%)
- Norges Bank Investment Management (1.0%)
- BlackRock Advisors (UK) Ltd. (0.9%)
- Fidelity Management & Research Co. LLC (0.6%)
- Global X Management Co. LLC (0.5%)
- First Seafront Fund Management Co., Ltd. (0.5%)
Contact Details
- Website:http://www.bydglobal.com
- Address: 3009 BYD Road, Pingshan District, Shenzhen, 518118, China
- Phone: +86.755.8988.8888
Related Companies
- BYD Co. Ltd. ESOP
- BYD Auto Finance Co., Ltd.
- Huizhou Byd Battery Co., Ltd.
- BYD (Shenzhen) Supply Chain Management Co., Ltd.
- Changsha BYD Auto Co., Ltd.
- BYD Motors, Inc.
- BYD (Shangluo) Industrial Co., Ltd.
- BYD Auto Industry Co., Ltd.
- Ogihara Corp. /Tatebayashi Ops/
- Shanghai BYD Co. Ltd.
- BYD Lithium Batteries Co., Ltd.
- BYD Industry & Commerce Co., Ltd.
- Byd Electronic Hungary Ltd.
- Beijing Byd Mould Co. Ltd.
- BYD Automobile Industry Co., Ltd.
- BYD (Huizhou) Co. Ltd.
- BYD Auto Sales Co., Ltd.
- BYD Battery Co. Ltd.
- BYD America Corp.
- BYD (Ningbo) Semi-conductor Co., Ltd.
- BYD Hungary Kft
- BYD (H.K.) Co. Ltd.
- Shanghai BYD Lithium Battery Co. Ltd.
- BYD Auto Co., Ltd.
- Xian Zhen Chuan Automobile Ltd
- BYD Electronic (International) Co., Ltd.
Competitors
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- FREYR Battery
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- Lion Electric Company
- Nxu, Inc. Class A
- Microvast Holdings, Inc.
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- Trina Solar Ltd Class A
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