Core Viewpoint - The company reported a revenue increase of 11.02% in H1 2025, but net profit decreased significantly by 46.54%, indicating challenges in profitability despite revenue growth [2][3]. Financial Performance - Revenue for H1 2025 reached 2,067,556,229.92 CNY, up from 1,862,343,159.16 CNY in the same period last year, reflecting an 11.02% increase [3]. - Net profit attributable to shareholders was 110,730,451.18 CNY, down 46.54% from 207,127,855.48 CNY year-on-year [3]. - The net profit after deducting non-recurring gains and losses was 98,740,613.62 CNY, a decrease of 49.49% compared to 195,490,509.93 CNY in the previous year [3]. - Total assets increased by 11.33% to 5,802,986,429.46 CNY, while net assets attributable to shareholders grew by 1.02% to 2,979,064,949.62 CNY [2][3]. Business Segments Performance - The home appliance segment generated revenue of 1.743 billion CNY, a growth of 6.02%, with ongoing projects in Vietnam and Thailand enhancing production capacity [4]. - The automotive parts segment saw a remarkable revenue increase of 89.86%, reaching 281 million CNY, driven by new project approvals with a total expected sales amount exceeding 1.9 billion CNY [4]. Innovation and Development - The company is focusing on high-precision motor technology to support the demand for core components in intelligent driving, maintaining a technological edge in the integration of electrification and intelligence [5]. - Significant progress was made in the brake motor sector, securing project approvals from top global electronic brake system clients, which will accelerate the scale development of this business [5]. - The company is also extending its technological advantages in home appliances and automotive sectors into the robotics field, positioning it as a third growth driver [5]. Challenges and External Factors - The decline in net profit is attributed to several factors, including changes in product structure due to U.S. tariff policies and price pressures in the home appliance industry, increased development costs, and reduced foreign exchange and interest income [6].

截至2025年7月29日收盘，比亚迪股价报111.42元，较前一交易日上涨0.41元，涨幅0.37%。当日开盘价 为112.01元，最高触及112.50元，最低下探109.77元，成交量为38.74万手，成交金额43.23亿元。 7月29日比亚迪主力资金净流出2.59亿元，占流通市值比例为0.07%。 风险提示：本文不构成任何投资建议，投资者应自主决策并承担风险。 本文源自：金融界 作者：A股君 比亚迪是中国新能源汽车制造企业，业务涵盖汽车、电池、电子等领域。公司总部位于深圳，在广东、 陕西、湖南等地设有生产基地。2025年《财富》世界500强榜单显示，比亚迪排名第91位，较去年上升 52位，首次进入全球百强企业行列，排名超越特斯拉。 根据最新消息，比亚迪明确了电动化与智能化深度融合的技术发展路径。公司近期对"天神之眼"智能驾 驶系统进行大规模升级，并推出智能泊车场景下的安全兜底承诺。比亚迪表示目前没有自研智驾芯片计 划，而是选择与英伟达、地平线等企业合作优化算力部署。 ...

基于在电动化转型中确立的优势，比亚迪在智能化技术上更看重其成熟度和收益。针对当前不少车企在 VLA技术上积极布局，杨冬生认为，比亚迪VLA技术旨在提升车辆安全上限与用户体验，如优化驾驶 流畅度、提升安全指标等。"新推出的技术需满足严格的安全及拟人化维度要求和准入门槛，且要超越 上一代技术，并且要经过严格测试后才可进入量产阶段。"比亚迪研发团队表示。 智通财经7月29日讯（记者 徐昊）在相继对"天神之眼"进行大规模OTA升级，并推出对中国市场所有 "天神之眼" 车辆用户在智能泊车场景下的安全及损失全面兜底的承诺后，比亚迪再次明确了智能化发 展路径。 "在电动化的技术积累的基础上，比亚迪提出了电动化与智能化深度融合的技术路径。"7月28日，包括 比亚迪集团高级副总裁、汽车新技术研究院院长杨冬生、副院长韩冰、智能化软件开发中心主任李锋、 比亚迪集团品牌及公关处副总经理杜国忠在内的多位比亚迪高管在接受智通财经记者采访时，给出了比 亚迪在电动化与智能化双线战略上的发展核心。 这一技术路径的来源，基于比亚迪董事长王传福在2024年度股东大会上关于"电动化上半场和智能化下 半场正在交替演进"的表述。以比亚迪 "天神之眼" ...