2 1 Shi Ji Jing Ji Bao Dao·2025-08-29 14:33Core Viewpoint - BYD has demonstrated robust growth in its financial performance for the first half of 2025, achieving record highs in revenue and profit, while also significantly increasing its R&D investment, showcasing its strong financial health and commitment to innovation [2][6][7]. Financial Performance - BYD reported a revenue of 371.3 billion yuan, representing a year-on-year increase of 23% [2]. - The net profit attributable to shareholders reached 15.5 billion yuan, up 14% compared to the previous year [2]. - R&D expenditure amounted to 30.9 billion yuan, reflecting a substantial increase of 53%, which is more than double the net profit for the same period [2][7]. - Cash reserves stood at 156.1 billion yuan, indicating a solid financial position [2]. Social Responsibility - In the first half of 2025, BYD contributed a total tax payment of 27.1 billion yuan domestically, exceeding its net profit by over 10 billion yuan [4]. Market Performance - BYD's global sales reached 2.49 million units in the first seven months of 2025, marking a year-on-year growth of 27.4% [6]. - The company achieved remarkable performance in overseas markets, with over 550,000 units sold outside China, representing a growth of over 130% year-on-year [6]. - BYD's electric vehicles are now available in over 112 countries and regions, leading in sales in several countries including Italy, Turkey, Spain, and Brazil [6]. R&D Leadership - BYD has been recognized as the "R&D King" in A-shares for the first time in 2024, continuing to lead in R&D investment with 30.9 billion yuan in the first half of 2025 [7]. - Cumulatively, BYD has invested over 210 billion yuan in R&D, emphasizing its commitment to technology and innovation [7]. - The company has achieved the top position in three major patent rankings related to new energy vehicle technologies, showcasing its strong R&D capabilities [9]. Strategic Positioning - Unlike many overseas automotive giants facing stagnation and profit declines, BYD's performance highlights the resilience and potential of the Chinese automotive industry [5][6]. - The company is well-positioned to seize strategic opportunities in the ongoing transformation of the global automotive industry, supported by its technological strength and comprehensive market strategy [10].