This afternoon, BYD released its Q1 2025 report.
In the first quarter of 2025, the company recorded an operating revenue of 170.36 billion yuan, representing a 36.35% increase YoY.
Net profit attributable to shareholders of the listed company was 9.155 billion yuan, a YoY increase of 100.38%. Net profit after deducting non-recurring items was 8.172 billion yuan, up 117.8% YoY.
Net cash flow from operating activities was 8.581 billion yuan, a decrease of 16.1% YoY.
Basic earnings per share and diluted earnings per share were both 3.12 yuan, up 98.73% YoY. Weighted average return on net assets was 4.37%, an increase of 1.13% YoY.
Official data shows that in the first quarter of 2025, BYD sold 1,000,804 new energy vehicles, up 59.8% YoY. Formula Leopard, Denza and YangWang brands contributed 52,589 units, a 36.5% YoY increase.
While maintaining robust growth, BYD kept investing in R & D, with R & D expenses in the first quarter reaching 14.2 billion yuan, 34% higher than in the same period last year.
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