BYD Company Limited (002594.SZ) has released its 2025 annual report, drawing market attention to executive compensation. The company's Senior Vice President and Chief Financial Officer, Zhou Yalin, received a pre-tax annual salary of 10.135 million yuan, making her the first CFO in the A-share market to break the 10-million-yuan threshold.
According to the annual report data, Zhou Yalin's 2025 compensation increased by 1.175 million yuan from 8.96 million yuan in 2024, successfully surpassing the 10-million-yuan mark. Her salary was 1.34 million yuan in 2015, representing an approximate eightfold increase over the past decade.
Public information shows that Zhou Yalin was born in 1977. After graduating from Jiangxi University of Finance and Economics in 1999, she joined BYD Industry, starting from an entry-level financial accounting position. In November 2014, she was promoted to Chief Accountant, appointed as CFO in 2019, and elevated to Senior Vice President in 2021, overseeing the group's overall financial strategy.
She currently holds multiple positions including CFO of BYD ELECTRONIC, Director of BYD Semiconductor, and Chairman of both BYD Auto Finance and BYD Property & Casualty Insurance, deeply involved in the company's capital operations, industrial finance, and global expansion.
Besides Zhou Yalin, several other BYD executives have entered the "10-million-yuan" compensation tier. The 2025 annual report shows Executive Vice President Li Ke received an annual salary of 14.261 million yuan, while He Zhiqi, He Long, Luo Hongbin, and Yang Dongsheng also earned over 10 million yuan. BYD Chairman Wang Chuanfu received an annual salary of 8.139 million yuan.
Zhou Yalin's 10-million-yuan salary breaks the A-share market's compensation ceiling for CFOs. Previously, the highest CFO compensation was Midea Group's Zhong Zheng at 9.46 million yuan. By April 2026, several A-share market CFOs had reported pre-tax compensation exceeding 10 million yuan in their 2025 annual reports. Besides Zhou Yalin, SF Holding's CFO He Jie received total compensation of 10.262 million yuan, and AMEC's CFO Chen Weiwen received 10.8029 million yuan in 2025.
BYD reported 2025 revenue of approximately 803.964 billion yuan, a year-on-year increase of 3.46%. Net profit attributable to shareholders was approximately 32.619 billion yuan, with cash reserves reaching 167.8 billion yuan.
Breaking down the segments, BYD's automotive, automotive-related products, and other businesses generated revenue of approximately 648.646 billion yuan in 2025, up 5.06% year-on-year. Mobile handset components, assembly, and other products businesses reported revenue of approximately 155.237 billion yuan, down 2.74% year-on-year, accounting for 80.68% and 19.31% of total group revenue respectively.
Official data shows BYD's cumulative sales reached approximately 4.6024 million vehicles in 2025, a 7.73% year-on-year increase, marking its first entry into the top five global automotive groups by sales volume while maintaining its position as the global leader in new energy vehicle sales.
Financial reports indicate BYD's overseas revenue reached 310.7 billion yuan, accounting for approximately 38.6% of total revenue, further expanding from the previous year. International revenue has become a significant contributor to its performance growth.
Soochow Securities forecasts BYD's full-year 2026 sales will reach 5.12 million vehicles, an 11% year-on-year increase. Domestic sales are projected at 3.56 million vehicles, remaining flat year-on-year, while exports are expected to reach 1.5-1.6 million vehicles, representing 44% to 53% growth.
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