BYD Company Limited (002594.SZ) has released its annual report for 2025, reporting an operating revenue of 803.97 billion yuan, a year-on-year increase of 3.46%. Net profit attributable to shareholders of the listed company was 32.62 billion yuan. Net profit attributable to shareholders of the listed company, excluding non-recurring gains and losses, stood at 29.45 billion yuan. Basic earnings per share were 3.58 yuan. Furthermore, the company proposed a cash dividend of 3.58 yuan per 10 shares (before tax).
Supported by the continued expansion of China's automotive industry and a major surge in overseas markets, BYD maintained steady growth in 2025. The company led global sales of new energy vehicles for the fourth consecutive year and ranked among the top ten global automotive groups by sales for the third consecutive year, advancing to fifth place globally, up one position from the previous year.
BYD's annual vehicle exports surpassed one million units for the first time, marking a 140% year-on-year increase. The company led the nation in new energy vehicle exports, signifying a new stage in its global development. Simultaneously, BYD accelerated its brand upmarket strategy. The combined annual sales of its premium brands, Yangwang, Denza, and Fang Cheng Bao, approached 400,000 units, representing a significant increase in their share of the group's total passenger vehicle sales compared to 2024.
Specifically, the Yangwang U9X set dual world records for top speed and lap time, redefining benchmarks in the ultra-luxury segment with cutting-edge technology. The Denza N9 broke the high-speed avoidance world record three times, increasing the speed in the moose test to 210 km/h, earning market recognition for its exceptional safety and comfort. Sales of the Fang Cheng Bao brand surged 316% year-on-year, bringing rugged off-road electric vehicles from a niche to a mainstream audience with robust performance and unique design.
Driven by technological innovation and global expansion, BYD has demonstrated strong resilience and growth vitality, injecting powerful momentum into the global automotive industry's upgrade and green, sustainable development. For the first half of the transition focused on electrification, the company addressed key user concerns by launching the world's first mass-produced passenger vehicle kilovolt-high-voltage architecture, the "Super e-Platform," continuously enhancing travel efficiency. For the second half focused on智能化, BYD elevated intelligent driving safety to new heights through its vehicle intelligence strategy. It also led the popularization of智能化 by deploying its "Divine Eye" technology matrix across its five networks and four brands, making advanced technology accessible to all.
In 2025, BYD accelerated its overseas expansion, with its new energy vehicles operating in 119 countries and regions worldwide, placing it among the leading Chinese automakers in terms of global market coverage. The overseas market landscape showed a pattern of "Latin America leading, Europe breaking through, and Asia-Pacific blooming in multiple locations." Sales held top positions in key Latin American countries, making it a pillar of overseas growth. The company achieved breakthroughs across multiple European markets, with sales multiplying in the UK, Spain, Italy, Germany, and France. Performance was strong in Southeast Asia and emerging markets, successfully ranking among the top three in sales in countries like Singapore, Thailand, and Indonesia. In the Middle East, BYD precisely catered to high-end mobility needs, earning an excellent reputation with its tailored approach.
Concurrently, overseas localization efforts progressed positively, with several production bases entering new phases of operation or capacity expansion.
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