BYD 比亚迪
2 significant filings since 29 May 2026: 1 on guarantee or financial assistance and 1 on dividend. The latest, on 29 Aug 2026: 关于公司及其控股子公司开展资产池业务并进行对外担保的公告. 3 unverified reports logged, the latest on 21 Sep 2026.
自 29 May 2026 起有 2 份重大公告：guarantee or financial assistance 1 份、dividend 1 份。最新一份（29 Aug 2026）：关于公司及其控股子公司开展资产池业务并进行对外担保的公告。记录了 3 条未经核实的报道，最新一条见于 21 Sep 2026。
Price History 价格走势
5 sessions 个交易日, 18 Sep to 24 Sep 2026 · Live one-minute prices · High 最高 ¥87.17 · Low 最低 ¥83.30 · −1.76% on the previous close of ¥85.85As of 25 Sep 2026 截至2026年9月25日
BYD is a passenger vehicle company listed on the Shenzhen Stock Exchange since 30 Jun 2011. It reported revenue of RMB803.96bn and attributable net profit of RMB32.62bn in 2025, down from RMB40.25bn in the prior year. Profit margins and cash flow improved relative to profit, with operating cash flow per share at RMB6.49 and the operating cash flow to net profit ratio at 1.75x. However, financial risk is elevated: liabilities were at 71.0% of assets and the current ratio was below 1 at 0.87 as of 30 Jun 2026. The share price fell 19.9% over one year, and the first half of 2026 showed declining revenue and profit. The largest holder is HKSCC NOMINEES LIMITED with 40.38%.
比亚迪是一家乘用车公司，于2011年6月30日在深圳证券交易所上市。2025年营业收入为8,039.65亿元，归母净利润为326.19亿元，较上年的402.54亿元下降。盈利质量有所改善，每股经营现金流为6.49元，经营现金流与净利润之比达1.75倍。但财务风险较高：截至2026年6月30日，资产负债率为71.0%，流动比率低于1，为0.87。股价一年内下跌19.9%，2026年上半年收入和利润均同比下降。第一大股东为HKSCC NOMINEES LIMITED，持股40.38%。
| Flag 标记 | Risk 风险 | Mechanism 影响机制 |
|---|---|---|
| Liabilities at 70% of assets or more 资产负债率达70%或以上 | Liabilities are at a high level relative to assets. 负债占资产比例处于较高水平。 | At 71.0% of assets, liabilities leave limited equity cushion, increasing financial risk if asset values decline or earnings weaken. This ratio was reported as of 30 Jun 2026. 截至2026年6月30日，负债占资产比例达71.0%，股东权益缓冲空间有限，若资产价值下降或盈利减弱，财务风险将上升。 |
| Current ratio below 1: current liabilities exceed current assets 流动比率低于1：流动负债超过流动资产 | Current liabilities exceed current assets. 流动负债超过流动资产。 | With a current ratio of 0.87, the company has less short-term assets than short-term liabilities, which may strain liquidity. The quick ratio of 0.49 further indicates limited ability to meet obligations without selling inventory. 流动比率0.87，表明短期资产不足以覆盖短期负债，可能造成流动性压力。速动比率0.49，显示不依赖存货变现时偿债能力更弱。 |
- Change in attributable net profit for the full year 2026 compared to 2025.
2026全年归母净利润相较2025年的变动情况。 - Revenue trend in the full year 2026 versus 2025.
2026全年营业收入相较2025年的变化趋势。 - Operating cash flow per share in 2026.
2026年每股经营现金流。 - Liabilities to assets ratio as of 31 Dec 2026.
截至2026年12月31日的资产负债率。 - Current ratio as of 31 Dec 2026.
截至2026年12月31日的流动比率。 - Any change in the shareholding of HKSCC NOMINEES LIMITED.
HKSCC NOMINEES LIMITED持股比例的变动情况。
- Company: BYD 比亚迪, Shenzhen Stock Exchange 002594; industry Passenger Vehicles; listed 30 Jun 2011.
公司：比亚迪，深圳证券交易所 002594；行业：乘用车；上市日期：2011年6月30日。 - Close on 24 Sep 2026 RMB84.34; close on 24 Sep 2025 RMB105.71, RMB105.32 in today's terms; one-year change, adjusted for distributions and share changes -19.9%.
2026年9月24日收盘价84.34元；2025年9月24日收盘价105.71元（前复权105.32元）；一年涨跌幅（复权）-19.9%。 - 52-week range in today's terms, adjusted for distributions and share changes RMB77.91 to RMB110.19.
52周区间（前复权）77.91元至110.19元。 - Market capitalisation RMB768.94bn; P/E TTM 26.1; price to book 3.20x.
总市值7,689.44亿元；市盈率（TTM）26.1；市净率3.20倍。 - Revenue 2025 RMB803.96bn; 2024 RMB777.10bn; change +3.5%.
营业收入2025年8,039.65亿元；2024年7,771.02亿元；同比+3.5%。 - Attributable net profit 2025 RMB32.62bn; 2024 RMB40.25bn; change -19.0%.
归属于母公司股东的净利润2025年326.19亿元；2024年402.54亿元；同比-19.0%。 - Net profit excluding non-recurring items, 2025 change -20.4%.
2025年扣除非经常性损益后的净利润同比-20.4%。 - Basic EPS 2025 RMB3.58; 2024 RMB4.61.
基本每股收益2025年3.58元；2024年4.61元。 - Operating cash flow per share 2025 RMB6.49; 2024 RMB45.87; operating cash flow to net profit 1.75x.
每股经营现金流2025年6.49元；2024年45.87元；经营现金流与净利润之比1.75倍。 - 2025 gross margin 17.7%; net margin 4.2%; ROE 15.3%.
2025年毛利率17.7%；净利率4.2%；净资产收益率15.3%。 - At 30 Jun 2026: liabilities to assets 71.0%; current ratio 0.87; quick ratio 0.49; receivable days 23; inventory days 106.
截至2026年6月30日：资产负债率71.0%；流动比率0.87；速动比率0.49；应收账款周转天数23；存货周转天数106。 - Period to 30 Jun 2026 (six months, not comparable with the full years above): revenue RMB344.82bn, change -7.1%; attributable net profit RMB12.33bn, change -20.5%; operating cash flow per share RMB4.09.
截至2026年6月30日的报告期（六个月，不可与上述全年数据直接比较）：营业收入3,448.15亿元，同比-7.1%；归母净利润123.25亿元，同比-20.5%；每股经营现金流4.09元。 - Ownership: actual controller 王传福; largest holder at 30 Jun 2026: HKSCC NOMINEES LIMITED, 40.38%.
股权：实际控制人：王传福；2026年6月30日第一大股东：HKSCC NOMINEES LIMITED，持股40.38%。 - Latest distribution: ex-date 31 Jul 2026, cash RMB0.36 per share.
最近一次分配：除权除息日2026年7月31日，每股现金0.36元。 - Aurelian Grade C, score 63.3 of 100, graded within a peer group of 8 companies in its industry; no rank among peers is given.
金源评级C，得分63.3（满分100），于行业同业8家中评定；未提供其在同业中的排名。 - Not held for this report: receivable ageing, litigation case amounts, the order book, the auditor's opinion and key audit matters, segment revenue.
本报告未掌握：应收账款账龄、诉讼案件金额、在手订单、审计意见及关键审计事项、分部收入。