证券代码：002594 证券简称：比亚迪 公告编号：2025-057 第八届董事会第二十一次会议决议公告 本公司及董事会全体成员保证信息披露内容真实、准确和完整，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"）第八届董事会第二十一次会议于 2025 年 10 月 30 日以通讯表决方式召开，会议通知于 2025 年 10 月 15 日以电子邮件方式 送达。会议应出席董事 6 名，实际出席董事 6 名。会议由董事长王传福先生召集并 主持，会议的召集、召开符合有关法律、法规及《公司章程》的规定。全体董事经 过审议，以记名投票方式通过了如下决议： 一、《关于审议公司2025年第三季度财务报表及审议并同意发布公司2025年第 三季度报告全文的议案》 表决情况：6 票同意，0 票反对，0 票弃权 经审议，董事会确认公司按照中国会计准则编制的 2025 年第三季度财务报表、 2025 年第三季度报告全文内容真实、准确、完整；授权公司董事会秘书、公司秘书 及相关工作人员在深圳证券交易所及香港联合交易所发布上述季度报告全文。 本议案已经公司董事会审核委员会审议通过，无需提交公司股东会审议。 二、 ...

比亚迪10月30日公告，第三季度营收为1949.85亿元，同比下降3.05%；净利润为78.23亿元，同比下降 32.60%。前三季度营收为566.27亿元，同比增长12.75%；净利润为233.33亿元，同比下降7.55%。业绩 变动主要受行业竞争加剧及成本压力影响，同时公司加大研发投入（同比增长31.30%），叠加财务费 用由上年同期汇兑损失转为本期汇兑收益等因素共同作用所致。 ...

Core Viewpoint - The integration of corporate social responsibility with business models is essential for companies to gain respect, which in turn can enhance brand influence and market competitiveness, ensuring long-term sustainability [1][3]. Group 1: National Economic Development - The "14th Five-Year Plan" emphasizes focusing on the real economy, promoting intelligent, green, and integrated development, and aims to build a strong manufacturing, quality, aerospace, transportation, and network nation [2]. - The development of the real economy is fundamental to national growth, and companies play a crucial role in advancing commercial civilization and social progress [2]. Group 2: Characteristics of Respected Enterprises - Respected companies are distinguished not only by their successful business operations but also by their social responsibility, corporate culture, and brand value [3]. - The ongoing global business environment changes and increasing public expectations highlight the importance of earning respect over short-term profits for long-term survival [2][3]. Group 3: Expert Recommendations - BYD has been highly recommended by experts for its rapid global expansion and local production strategies, positioning itself among the top four global car manufacturers [9]. - Other companies like Keda Xunfei, Fuyao Glass, Haier Group, JD.com, Weichai Power, New Oriental, and Cambricon have also received expert recognition for their contributions and innovations [9][10][11]. - Experts noted that Keda Xunfei is leading in AI integration across various sectors, while Haier is recognized for its global outreach and commitment to sustainable practices [10][11]. Group 4: Public Perception of Respected Enterprises - The public identifies five key internal qualities for companies to be considered respected: establishing correct values, building a robust management system, continuous innovation, shaping a positive corporate citizen image, and providing high-quality products and services [15][16]. - Companies like Beijing Rural Commercial Bank, JD.com, and McDonald's exemplify these qualities through their commitment to social responsibility and brand value enhancement [16][17]. Group 5: Additional Notable Companies - Other respected companies include Moutai Group, Yili Group, and Nestle China, recognized for their high product quality and low carbon emissions [13]. - Traditional companies like Tongrentang and Li Ning have also been highlighted for their commitment to quality and innovation, contributing to their respected status [18].

Core Viewpoint - BYD reported a decline in revenue and net profit for the third quarter, indicating potential challenges in maintaining growth momentum in a competitive market [1] Group 1: Financial Performance - In the third quarter, BYD's revenue was 194.985 billion yuan, a year-on-year decrease of 3.05% [1] - The net profit for the third quarter was 7.823 billion yuan, reflecting a year-on-year decline of 32.60% [1] - For the first three quarters, BYD's revenue reached 566.266 billion yuan, showing a year-on-year growth of 12.75% [1] - The net profit for the first three quarters was 23.333 billion yuan, which represents a year-on-year decrease of 7.55% [1]

比亚迪股份有限公司 2025 年第三季度报告 证券代码：002594 证券简称：比亚迪 公告编号：2025-058 比亚迪股份有限公司 2025 年第三季度报告 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。 重要内容提示： 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假记载、误导性陈述或重 大遗漏，并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中财务信息的真实、准确、 完整。 3.第三季度报告是否经过审计 □是 否 1 比亚迪股份有限公司 2025 年第三季度报告 一、主要财务数据 （一） 主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □是 否 2 比亚迪股份有限公司 2025 年第三季度报告 其他符合非经常性损益定义的损益项目的具体情况： □适用 不适用 公司不存在其他符合非经常性损益定义的损益项目的具体情况。 | | 本报告期 | 本报告期比上年同期 | 年初至报告期末 | 年初至报告期末比 | | --- | --- | --- ...

Core Viewpoint - BYD is strategically entering the Japanese microcar market with the launch of the K-Car model RACCO, aiming to increase its market share in Japan, which has a significant demand for microcars [6][21]. Group 1: Historical Context - In 2004, BYD faced a lawsuit from Sony in Japan over lithium-ion battery patents, marking a challenging entry into the international market [2][3]. - BYD's resilience in the face of legal challenges led to a landmark victory in 2005, establishing its reputation and showcasing its technological confidence [4][5]. Group 2: Product Launch and Features - At the Tokyo Motor Show on October 29, 2025, BYD unveiled the K-EV BYD RACCO, a microcar specifically designed for the Japanese market, alongside its first plug-in hybrid model, the Sea Lion 06DM-i [8][12]. - The RACCO measures 3395mm in length, 1475mm in width, and 1800mm in height, accommodating four passengers and adhering to Japanese K-Car regulations [10]. - The vehicle features a high body design and dual sliding doors for ease of access in narrow streets, powered by BYD's blade battery with two range options, set to launch in summer 2026 [11]. Group 3: Market Dynamics - The Japanese microcar market is substantial, with projected sales of 1.56 million K-Cars in 2024, representing 35% of the total market, making it a strategic target for BYD [21]. - However, the market is dominated by local brands, with over 95% of the total car sales in Japan attributed to domestic manufacturers, posing a significant challenge for foreign entrants [23]. Group 4: BYD's Market Position and Growth - Since entering the Japanese market, BYD has evolved from a newcomer to a key player, with its electric buses achieving the highest market share in Japan [17]. - As of January to September 2025, BYD's electric vehicle sales in Japan reached 2,899 units, surpassing Toyota and marking a year-on-year growth of over 66% [18]. Group 5: Future Outlook - BYD plans to establish a lineup of 7 to 8 electric and hybrid models in Japan by 2027, indicating a long-term commitment to the market [18]. - The introduction of the RACCO is seen as a crucial step for BYD to enhance its market presence in Japan [19].

Core Insights - BYD showcased its K-EV BYD RACCO, a model tailored for the Japanese market, and introduced its first plug-in hybrid vehicle, the Sea Lion 06DM-i, at the 2025 Japan Mobility Show [2] - The company aims to build a comprehensive product matrix in Japan, combining both hybrid and pure electric vehicles, to enhance its brand and product influence [2] - BYD plans to expand its product lineup to 7-8 pure electric and hybrid models in Japan by 2027, having already established 66 sales points in the country [2] Passenger Vehicle Segment - The passenger vehicle display featured the K-EV BYD RACCO, Sea Lion 06DM-i, and popular upgraded models such as Yuan PLUS, Dolphin, and Seal, along with the U9 supercar [2] - Since entering the Japanese passenger vehicle market in July 2022, BYD has launched several successful pure electric models, including Yuan PLUS, Dolphin, Seal, and Sea Lion 07 [2] Commercial Vehicle Segment - BYD globally unveiled the pure electric truck T35 and the small pure electric bus J6 living car concept, alongside the medium-sized J7 and large K8 electric buses [3] - The T35 is set to launch in Japan in 2026, designed to meet local regulations and specifications, and will be released in mainland China on November 13 this year [3] - BYD has become the leading brand in Japan's electric bus market since entering in 2015, with its electric buses operating across various public transport systems from Hokkaido to Okinawa [3] Strategic Commitment - The General Manager of BYD's Asia-Pacific Automotive Sales Division emphasized the company's commitment to providing high-quality, locally relevant electric products that meet safety and efficiency standards [3] - BYD plans to continue investing in the Japanese market, enhancing its service system, and expanding its product matrix to explore sustainable future mobility solutions with Japanese users [3]

Core Points - The Shenzhen Leading Index (399653) closed at 3133.91 points, down 0.66%, with a trading volume of 143.46 billion yuan and a turnover rate of 1.42% [1] - Among the index constituents, 11 stocks rose while 39 stocks fell, with Huali Group leading the gainers at 2.75% and Ruida Futures leading the decliners at 7.39% [1] Index Constituents Summary - The top ten constituents of the Shenzhen Leading Index include: - Ningde Times (21.12% weight) at 398.29 yuan, down 0.43%, with a market cap of 181.73 billion yuan [1] - Midea Group (7.29% weight) at 75.30 yuan, up 1.21%, with a market cap of 57.86 billion yuan [1] - Zhongji Xuchuang (7.12% weight) at 514.74 yuan, down 1.15%, with a market cap of 57.19 billion yuan [1] - Luxshare Precision (6.18% weight) at 65.04 yuan, down 3.33%, with a market cap of 47.36 billion yuan [1] - BYD (5.69% weight) at 103.61 yuan, down 0.87%, with a market cap of 94.46 billion yuan [1] - Sungrow Power Supply (4.83% weight) at 194.68 yuan, up 1.67%, with a market cap of 40.36 billion yuan [1] - Wrigley (4.50% weight) at 118.47 yuan, down 0.30%, with a market cap of 45.99 billion yuan [1] - Gree Electric Appliances (3.53% weight) at 40.47 yuan, down 0.54%, with a market cap of 22.67 billion yuan [1] - ZTE Corporation (2.97% weight) at 44.83 yuan, down 2.97%, with a market cap of 21.44 billion yuan [1] - Xianlefang A (2.81% weight) at 4.09 yuan, up 0.49%, with a market cap of 15.30 billion yuan [1] Capital Flow Summary - The net outflow of main funds from the Shenzhen Leading Index constituents totaled 8.84 billion yuan, while retail investors saw a net inflow of 6.18 billion yuan [3] - Notable capital flows include: - Ningde Times with a net inflow of 94.67 million yuan from main funds and a net outflow of 38.40 million yuan from retail investors [3] - SF Holding with a net inflow of 93.43 million yuan from main funds and a net outflow of 61.70 million yuan from retail investors [3] - Other companies like Fenzhong Media and Luzhou Laojiao also experienced varying degrees of net inflows and outflows [3]

Core Viewpoint - BYD Electronics (00285) reported its performance for the first three quarters of 2025, showing modest growth in revenue and profit [1] Financial Performance - The company's revenue reached 123.285 billion yuan, reflecting a year-on-year increase of 0.95% [1] - The profit attributable to equity holders of the parent company was approximately 3.137 billion yuan, representing a year-on-year growth of 2.4% [1] - Earnings per share stood at 1.39 yuan [1]

智通财经APP讯，比亚迪电子(00285)公布2025年前三季度业绩，营业额为1232.85亿元，同比增长 0.95%;母公司权益拥有人应占溢利约31.37亿元，同比增长2.4%;每股盈利1.39元。 ...