Core Viewpoint - BYD Electronics (HK0285) reported its annual performance for the year ending December 31, 2025, showing a revenue of 803.96 billion RMB, a year-on-year increase of 3.46%, with an estimated revenue of 836.26 billion RMB [1] Revenue Breakdown - Revenue from automotive, automotive-related products, and other businesses amounted to approximately 648.646 billion RMB, reflecting a year-on-year growth of 5.06% [1] - Revenue from mobile components, assembly, and other products was around 155.237 billion RMB, representing a year-on-year decrease of 2.74% [1] - The revenue contributions from these segments were 80.68% and 19.31% of the total revenue, respectively [1] Profit Performance - The company's net profit for the year was 32.62 billion RMB, which is a decline of 19% compared to the previous year, with an estimated profit of 35.65 billion RMB [1]

2025 比亞迪可持續發展報告 0 目錄 CONTENTS 開篇 關於本報告 董事長致辭 首席可持續發展官致辭 關於我們 專題 可持續發展管理 02 04 05 06 12 18 145 180 附錄 鑒證聲明 引領行業發展 堅守產品責任 65 71 專注客戶體驗 79 保障員工權益 打造平等職場 89 97 增進員工福祉 103 規範管理體系 踐行責任採購 112 113 推動協同發展 117 綠色低碳 創新變革 平等機會 協同合作 誠信守正 價值共享 為股東創造價值 為客戶創造價值 為社會創造價值 132 133 135 恪守商業道德 126 保障信息安全 129 2025 比亞迪可持續發展報告 1 堅持人才投資 健全治理架構 強化風險管控 深化合規管理 100 120 122 125 應對氣候變化 28 踐行綠色運營 51 開篇 D綠色低碳 R創新變革 E平等機會 A協同合作 M誠信守正 S價值共享 附録 鑒證聲明 本報告實質性議題管理策略、經濟範疇關鍵績效指標、社會範疇關鍵績效指標報告範圍與《比亞迪股份有限公 司2025年年報》一致，覆蓋全集團所有實體，但不包括本公司聯營公司和合營公司；涵蓋汽車、汽車 ...

Core Viewpoint - BYD's Song Ultra EV has officially launched with four models priced between 151,900 to 179,900 yuan, featuring advanced technologies and luxurious configurations that position it as a leader in the mid-size SUV market [1][7]. Group 1: Product Features - The Song Ultra EV is equipped with BYD's second-generation blade battery and flash charging technology, which allows for rapid charging capabilities, achieving a 10% to 97% charge in just 9 minutes [3][9]. - The vehicle includes the Tian Shen Eye B advanced driver assistance system, which enhances driving safety and convenience by enabling features like autonomous traffic light navigation and parking assistance [12]. - It boasts a powerful 270 kW motor, enabling acceleration from 0 to 100 km/h in just 6.8 seconds, with a top speed of 210 km/h [12]. Group 2: Charging and Battery Technology - The flash charging technology can recharge the battery in 5 minutes during emergencies and operates effectively even in extreme temperatures, with minimal impact on battery health [5][11]. - The second-generation blade battery has undergone rigorous testing, ensuring safety and durability, with a warranty that includes free replacement if capacity drops below 77.5% [11]. Group 3: Interior and Space - The Song Ultra EV features a spacious interior with a wheelbase of 2840 mm, providing ample legroom and a cargo capacity of 730 liters, accommodating multiple pieces of luggage [12]. - The front and rear seats can be folded down to create a flat sleeping area, complemented by a smart temperature-controlled storage box [12]. Group 4: Safety and Driving Experience - The vehicle is equipped with the Yun Nian-C intelligent damping control system and TBC high-speed tire blowout stability system, enhancing driving stability and safety during high-speed maneuvers [13]. - The car includes over 100 practical configurations as standard, ensuring it meets diverse travel needs right from the entry-level model [13]. Group 5: Promotional Offers - The launch includes various promotional offers such as zero down payment financing options, free charging for a year at BYD's charging stations, and significant trade-in subsidies [2][8].

Production and Sales Achievements - In 2025, BYD achieved a record production and sales of over 34 million vehicles, maintaining its position as the world's largest automotive market for 17 consecutive years[4]. - BYD's total vehicle exports exceeded 1 million units, representing a year-on-year growth of 140%[5]. - The sales of BYD's premium brands, including Yangwang, Tengshi, and Fangchengbao, reached nearly 400,000 units, significantly increasing their share of the group's total passenger vehicle sales compared to 2024[5]. - The company produced 4,479,392 passenger vehicles in the reporting period, a 4.63% increase from 4,281,084 in the same period last year[43]. - The sales of passenger vehicles reached 4,545,423 units, reflecting a 6.94% increase from 4,250,370 units in the previous year[43]. - The group has achieved a 140% year-on-year increase in overseas vehicle exports, surpassing one million units, and is leading the globalization of the Chinese automotive industry[89]. - The group's overseas business has expanded to 119 countries and regions, with a 268.6% year-on-year increase in new car registrations in Europe, leading the region's electric vehicle market growth[90]. Financial Performance - The company's operating revenue for 2025 reached ¥803.96 billion, an increase of 3.46% compared to ¥777.10 billion in 2024[32]. - Net profit attributable to shareholders decreased by 18.97% to ¥32.62 billion in 2025 from ¥40.25 billion in 2024[32]. - The net profit excluding non-recurring gains and losses was ¥29.45 billion in 2025, down 20.38% from ¥36.98 billion in 2024[32]. - The total revenue for the company reached 4,537,356,000, an increase of 5.42% compared to the previous period[44]. - The company's total revenue for 2025 is approximately RMB 803.965 billion, representing a year-on-year growth of 3.46%, with automotive-related revenue at RMB 648.646 billion, up 5.06%[56]. - The company reported a total investment income of ¥2.86 billion, contributing 7.19% to total profit, primarily from joint ventures and financial product investments[127]. Research and Development - The company’s R&D investment for 2025 is approximately RMB 63.4 billion, an increase of 17% year-on-year, with cumulative R&D spending exceeding RMB 240 billion[57]. - The company plans to continue increasing R&D investment to enhance its supply chain and product competitiveness[44]. - The company has filed over 120 patents related to its sodium-ion battery technology, indicating a strong focus on innovation in energy storage solutions[118]. - R&D investment increased by 17.13% to ¥63.44 billion in 2025, accounting for 7.89% of total revenue[125]. - The number of R&D personnel rose by 4.99% to 127,665, with a significant increase in master's (15.21%) and doctoral (25.30%) degree holders[124]. Technological Innovations - BYD launched the world's first mass-produced passenger vehicle with a full-domain 1,000V high-voltage architecture, enhancing travel efficiency[6]. - The second-generation blade battery and fast-charging technology were launched, achieving record charging speeds, addressing key challenges in electric vehicle charging[12]. - The company introduced the world's first intelligent suspension body control system "Cloud Nian-Z," which replaces traditional hydraulic shock absorbers, marking a significant technological advancement[63]. - The "Qin L EV," an A+ class pure electric sedan, was launched in March and features advanced safety and driving assistance technologies, setting new benchmarks in its class[68]. - The introduction of laser radar technology for autonomous driving aims to significantly improve driver safety by reducing blind spots and enhancing environmental perception[118]. Market Expansion and Strategy - The company aims to enhance its global brand presence and leverage local resources to provide green technology and environmental experiences to consumers worldwide[13]. - The company plans to continue expanding its clean energy initiatives, focusing on solar energy and battery technology to enhance sustainability[42]. - The company aims to shift from scale expansion to quality improvement in response to market competition and regulatory changes[52]. - The company is committed to expanding its electric vehicle market presence through a "7+4" strategy, targeting various transportation sectors and special applications[104]. - The company is focused on expanding its international footprint, particularly in emerging markets, to capture new customer segments[191]. Shareholder and Governance - BYD plans to distribute a final dividend of RMB 3.58 per 10 shares for the year ending 2025, rewarding shareholders[8]. - The profit distribution plan approved by the board is to distribute a cash dividend of 3.58 CNY (including tax) for every 10 shares based on a total of 9,117,197,565 shares, with no bonus shares issued[17]. - The company has established a market value management system to enhance investment value and protect investor rights[165]. - The company has held multiple investor relations activities, including site visits and conference calls, to engage with institutional investors[164]. - The company has a strong leadership team with diverse backgrounds, including expertise in finance, law, and engineering, which supports its strategic initiatives[191][189]. Sustainability and Environmental Commitment - The company is committed to sustainable development and aims to create a century-old enterprise by focusing on green manufacturing and low-carbon operations[15]. - The company aims to provide sustainable, zero-emission public transport solutions, focusing on innovation and high-quality products to promote a low-carbon society[158]. - The company is committed to continuous technological innovation and process optimization to lead the energy storage industry towards sustainable development[118]. - The company aims to achieve over 60 GWh in global energy storage system shipments by 2025, positioning itself as the leading manufacturer in this sector[95]. Investor Relations and Communication - The company engaged in multiple investor relations activities, including in-person and phone communications, discussing development trends and industry conditions[161]. - The company emphasized its commitment to transparency and communication with investors through regular updates and discussions[161]. - The company is likely to discuss new product developments and technological advancements in future communications, reflecting its commitment to innovation[162]. - Future earnings guidance and performance metrics will be closely monitored and communicated to stakeholders[162]. - The company is actively exploring potential mergers and acquisitions as part of its growth strategy, which may be addressed in future investor communications[162].

2025 比亚迪可持续发展报告 0 目录 CONTENTS 开篇 关于本报告 董事长致辞 首席可持续发展官致辞 关于我们 专题 可持续发展管理 02 04 05 06 12 18 145 180 附录 鉴证声明 引领行业发展 坚守产品责任 65 71 专注客户体验 79 绿色低碳 创新变革 平等机会 协同合作 诚信守正 价值共享 保障员工权益 打造平等职场 89 97 增进员工福祉 103 规范管理体系 112 113 践行责任采购 推动协同发展 117 健全治理架构 强化风险管控 120 122 深化合规管理 125 恪守商业道德 126 保障信息安全 129 为股东创造价值 为客户创造价值 为社会创造价值 132 133 135 2025 比亚迪可持续发展报告 1 坚持人才投资 100 应对气候变化 28 践行绿色运营 51 开篇 D绿色低碳 R创新变革 E平等机会 A协同合作 M诚信守正 S价值共享 附录 鉴证声明 关于本报告 本报告为比亚迪股份有限公司（以下简称"比亚迪"或"本公司"）及其附属公司（以下简称"本集团""集团"或"我们"）2025年度《可持续发展报告》，上期报告于2025年3月发布。自2 ...

比亚迪股份有限公司（以下简称"公司"）已于今日在巨潮资讯网 (www.cninfo.com.cn)披露公司《2025年年度报告》全文及其摘要，供全体股东和 投资者查询参阅。 为使广大投资者进一步详细了解公司年报信息，公司将于2026年4月1日（星 期三）下午15：00-17:00通过路演中的路演中心平台举行2025年年度报告网上说 明会。本次说明会将采用网络远程方式举行，投资者可登陆"路演中-路演中心" （参会链接：https://www.roadshowchina.cn/w/meet/p5aN7p）参与本次说明会。 同时，为更高质量地与投资者沟通交流、提高投资者的参会体验，公司现就 2025年度业绩和经营情况提前向投资者征集相关问题。投资者可扫描下方二维码 登录"比亚迪股东星球"微信小程序，在"资讯"首页"股东建言"板块留言提 问。公司将于2025年年度报告网上说明会上对投资者普遍关注的问题进行回答。 比亚迪股份有限公司 关于召开2025年年度报告网上说明会并征集问题的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 出席本次说明会的人员有：公司董事长兼 ...

证券代码：002594 证券简称：比亚迪 公告编号：2026-014 比亚迪股份有限公司 关于"质量回报双提升"行动方案的进展公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 比亚迪股份有限公司（以下简称"本公司"或"公司"或"比亚迪"）为践 行中央政治局会议提出的"要活跃资本市场、提振投资者信心"及国常会提出的 "要大力提升上市公司质量和投资价值，要采取更加有力有效措施，着力稳市场、 稳信心"的指导思想，结合公司发展战略、经营情况及财务情况，为维护公司全 体股东利益，增强投资者信心，促进公司长远健康可持续发展，公司制定了"质 量回报双提升"行动方案（以下简称"行动方案"），并于2024年2月19日在《证 券时报》、《中国证券报》、《上海证券报》、《证券日报》及巨潮资讯网 （www.cninfo.com.cn）披露《关于"质量回报双提升"行动方案的公告》（公 告编号：2024-014）。现将行动方案的2025年进展情况公告如下： 一、坚持技术创新，开启高质量发展新纪元 "技术为王，创新为本"是公司发展的核心理念，也是公司发展的不竭动力。 2025 年，凭借 ...

关于2025年员工持股计划第一个锁定期解锁条件未成就的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 比亚迪股份有限公司（以下简称"公司"）于2025年3月17日召开了第八届 董事会第十五次会议及第八届监事会第九次会议，并于2025年4月15日召开了 2025年第一次临时股东会，审议通过了《关于审议<比亚迪股份有限公司2025年 员工持股计划（草案）>及其摘要的议案》、《关于审议<比亚迪股份有限公司2025 年员工持股计划管理办法>的议案》及《关于提请股东会授权董事会及其授权人 士全权办理比亚迪股份有限公司2025年员工持股计划相关事项的议案》。具体内 容详见公司在巨潮资讯网（www.cninfo.com.cn）上披露的《比亚迪股份有限公 司2025年员工持股计划》（以下简称"本员工持股计划"）及其他相关公告。 根据《关于上市公司实施员工持股计划试点的指导意见》、《深圳证券交易 所上市公司自律监管指引第1号——主板上市公司规范运作》以及本员工持股计 划的相关规定，本员工持股计划第一个锁定期将于2026年5月23日届满，第一个 解锁期解锁条件未成就，现将相 ...

证券代码：002594 证券简称：比亚迪 公告编号：2026-008 比亚迪股份有限公司 2026 年度日常关联交易预计公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 一、日常关联交易基本情况 （一）关联交易概述 按照《深圳证券交易所股票上市规则》的要求，根据 2026 年日常生产经营 的需要，比亚迪股份有限公司（以下简称"公司"或"本公司"）（含控股子公 司）预计 2026 年度将与关联方成都融捷锂业科技有限公司、东莞市德瑞精密设 备有限公司、佛山市格瑞芬新能源有限公司、深圳市尚水智能股份有限公司、深 圳佛吉亚汽车部件有限公司、盛新锂能集团股份有限公司、合肥融捷能源材料有 限公司、比亚迪汽车金融有限公司、融捷投资控股集团有限公司、深圳市迪派智 行科技有限公司、深圳市优必选科技股份有限公司、融捷股份有限公司、 Unifortune Hungary Limited Liability Company、比亚迪丰田电动车科技有限 公司发生以下类别的日常关联交易：（1）向关联人采购各种原材料；（2）向关 联人销售上市公司生产或经营的各种产品、商品（包含水电煤气燃 ...

比亚迪股份有限公司 2025年度内部控制自我评价报告 比亚迪股份有限公司全体股东： 根据《企业内部控制基本规范》及其配套指引的规定和其他内部控制监管要 求（以下简称企业内部控制规范体系），结合比亚迪股份有限公司（以下简称"公 司"）内部控制制度和评价办法，在内部控制日常监督和专项监督的基础上，我 们对公司2025年12月31日（内部控制评价报告基准日）的内部控制有效性进行了 评价。 一、 重要声明 按照企业内部控制规范体系的规定，建立健全和有效实施内部控制，评价其 有效性，并如实披露内部控制评价报告是公司董事会的责任，审核委员会对董事 会建立和实施内部控制进行监督，高级管理层负责组织、领导企业内部控制的日 常运行。 公司董事会、董事、高级管理人员保证本报告内容不存在任何虚假记载、误 导性陈述或重大遗漏，并对报告内容的真实性、准确性和完整性承担个别及连带 法律责任。 公司内部控制的目标是合理保证公司经营管理合法合规、资产安全、财务报 告及相关信息真实完整，提高经营效率和效果，促进实现发展战略。由于内部控 制存在的固有局限性，内部环境以及宏观环境、政策法规持续变化，可能导致原 有控制活动不适用或出现偏差，对此公司 ...