Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility

for
the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any
liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this
announcement.

比亞迪股份有限公司
BYD COMPANY LIMITED
(a joint stock company incorporated in the People’s Republic of China with limited liability)
Stock Code: 01211 (HKD counter) and 81211 (RMB counter)
Website: http://www.bydglobal.com

2024 FIRST QUARTERLY REPORT

This announcement is published simultaneously by BYD Company Limited (the “Company”, together
with its subsidiaries, the “Group”) in the mainland of the People’s Republic of China pursuant to
the Rules Governing Listing of Stocks on Shenzhen Stock Exchange and in Hong Kong pursuant to
the disclosure obligations under Rule 13.09, Rule 13.10B and the Inside Information Provision of the
Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.

IMPORTANT NOTICE:

1. The Board of Directors, Supervisory Committee and the Directors, Supervisors and senior
management of the Company guarantee that the contents of this quarterly report are true, accurate
and complete and do not contain false information, misleading statements or material omissions,
and individually and collectively accept legal responsibility thereof.

2. The Chairman of the Company, Person in charge of Accounting, and Head of Accounting
Department (Accounting Supervisor) hereby declare that they guarantee the truthfulness, accuracy
and completeness of the financial information contained in this quarterly report.

3. Whether the first quarterly report is audited or not

□Yes ✔ No

1
I. MAJOR FINANCIAL DATA

(I) Major Accounting Data and Financial Indicators

Retrospective adjustments to or restatement of the accounting data for the prior year by the
Company

□Yes ✔ No

Increase/decrease for
the Reporting Period
The as compared with the
The Reporting corresponding corresponding period
Period period of last year of last year (%)

Operating revenue (RMB) 124,944,397,000.00 120,173,608,000.00 3.97%

Net profit attributable to shareholders of

the listed company (RMB) 4,568,793,000.00 4,130,063,000.00 10.62%

Net profit attributable to shareholders of

the listed company after deduction of
extraordinary gains or losses (RMB) 3,751,980,000.00 3,565,127,000.00 5.24%

Net cash flow from operating activities (RMB) 10,227,984,000.00 14,465,699,000.00 -29.29%

Basic earnings per share (RMB/share) 1.57 1.42 10.56%

Diluted earnings per share (RMB/share) 1.57 1.42 10.56%

Weighted average rate of return on net assets (%) 3.24% 3.65% -0.41%

Increase/decrease
as at the end of the
Reporting Period as
As at the end of compared with that
the Reporting As at the end of at the end of the
Period the previous year previous year (%)

Total assets (RMB) 677,783,621,000.00 679,547,670,000.00 -0.26%

Total owners’ equity attributable to shareholders

of the listed company (RMB) 143,090,246,000.00 138,810,065,000.00 3.08%

2
(II) Extraordinary Gain or Loss Items and Amounts

✔ Applicable □N/A

Unit: RMB

Amount for the

Item Reporting Period Explanation

Gains or losses on disposal of non-current assets (including -261,472,000.00

the written-off portion of provisions for asset impairment)

Government grants (except for government grants which are 865,127,000.00

closely related to normal business operations of the Company,
in compliance with national policies and regulations, and conform
with the amount or quantities at certain standards on an ongoing
basis) charged to gains or losses for the period

Reversal of provisions for impairment of receivables individually 3,712,000.00

tested for impairment

Gains or losses arising from changes in fair value of financial assets 307,841,000.00
held for trading and financial liabilities held for trading, investment
gains from disposal of financial assets held for trading, financial
liabilities held for trading and financial assets available for sale,
other than effective hedging activities associated with normal
business operations of the Company

Other non-operating income and expenses apart from those stated 175,864,000.00
above

Less: Effect on income tax 219,966,000.00

Effect on minority interests (after tax) 54,293,000.00

Total 816,813,000.00

3
Particulars of other gain or loss items conforming with the definition of extraordinary gains or
losses:

□Applicable ✔ N/A

There are no particulars of other gain or loss items of the Company conforming with the definition
of extraordinary gains or losses.

Particulars of items of extraordinary gains or losses illustrated in “Notice on Explanation of

Information Disclosure of Companies Publicly Issuing Securities No. 1 – Extraordinary Gains
or Losses” (《公開發行證券的公司信息披露解釋性公告第1號－非經常性損益》) that are
defined as items of recurring gains or losses

□Applicable ✔ N/A

There were no items of extraordinary gains or losses of the Company illustrated in “Notice
on Explanation of Information Disclosure of Companies Publicly Issuing Securities No. 1 –
Extraordinary Gains or Losses” (《公開發行證券的公司信息披露解釋性公告第1號－非經常
性損益》) that are defined as items of recurring gains or losses.

4
(III) Changes in Major Accounting Data and Financial Indicators and the Reasons Thereof

✔ Applicable □N/A

BALANCE SHEET

Unit: RMB

31 March
Item 2024 31 December 2023 Change Attributable reasons

Prepayments 3,010,857,000.00 2,215,413,000.00 35.90% Mainly due to the increase in prepayments

for procurement of materials

Long-term deferred 5,376,231,000.00 4,062,529,000.00 32.34% Mainly due to the increase in improvement
expenditures costs of right-of-use assets

Financial liabilities 98,177,000.00 7,713,000.00 1172.88% Mainly due to the changes in forward
held for trading purchase and settlement of foreign
exchange transactions

Other current 2,582,963,000.00 1,829,276,000.00 41.20% Mainly due to the increase in

liabilities taxes to be written off

5
STATEMENT OF PROFIT OR LOSS

Unit: RMB

January to January to
Item March 2024 March 2023 Change Attributable reasons

Sales expenses 6,803,589,000.00 4,648,263,000.00 46.37% Mainly due to the increase in advertising
and exhibition expenses and depreciation
and amortization

Research and 10,610,654,000.00 6,237,909,000.00 70.10% Mainly due to the increase in employee
development remuneration and material consumption
expenses

Finance expenses -193,961,000.00 5,910,000.00 -3381.91% Mainly due to the changes in foreign
exchange gains or losses as a result of the
fluctuations in exchange rates

Other income 1,796,253,000.00 687,719,000.00 161.19% Mainly due to increase in government grants
related to daily operating activities

Gains from investment 621,940,000.00 245,494,000.00 153.34% Mainly due to the increase in gains from
investment in joint ventures

Gains from changes in 142,762,000.00 80,659,000.00 76.99% Mainly due to the changes in the valuation
fair value of invested companies

Impairment losses on -326,448,000.00 -229,620,000.00 42.17% Mainly due to the increase in provision for
credit bad debts

Impairment losses on -642,724,000.00 -492,291,000.00 30.56% Mainly due to the increase in provision for
asset inventory

Gains from disposal of -4,293,000.00 42,022,000.00 -110.22% Mainly due to the increase in losses from
assets disposal of assets

Non-operating income 247,476,000.00 141,832,000.00 74.49% Mainly due to the increase in liquidated
damages from suppliers

Non-operating 328,597,000.00 223,197,000.00 47.22% Mainly due to the increase in losses on

expenses disposal of non-current assets

6
 STATEMENT OF CASH FLOWS

Unit: RMB

January to January to
Item March 2024 March 2023 Change Attributable reasons

Net cash flows from -5,183,543,000.00 12,050,081,000.00 -143.02% Mainly due to the increase in cash paid for
financing activities repayment of debts during the Period

II. SHAREHOLDER INFORMATION

(I) Table of the total number of shareholders of ordinary shares and number of shareholders
of preference shares with voting rights restored and shareholding of top ten shareholders

Unit: shares

Total number of shareholders of 361,939 (361,831 were Total number of shareholders of

ordinary shares at the end of holders of A shares and preference shares with voting rights restored at
the Reporting Period 108 were holders of H shares) the end of the Reporting Period (if any) 0

Shareholding of top ten shareholders (excluding shares lent under the securities lending and refinancing arrangement)

Number of Pledged, marked or frozen

Percentage shares held
Nature of of Number of subject to Status of
Name of shareholders shareholders shareholding shares held lock-up shares Number

HKSCC NOMINEES LIMITED Overseas legal person 37.70% 1,097, 461, 820 0
(Note 1)

Wang Chuan-fu Domestic natural person 17.64% 513,623,850 385,217,887

(Note 2)

Lv Xiang-yang Domestic natural person 8.22% 239,228,620 179,421,465 Pledged 50,015,498

Youngy Investment Holding Group Domestic non-state 5.33% 155,072,702 0 Pledged 35,590,000
Co., Ltd. (融捷投資控股集團有限公司) owned legal person

Hong Kong Securities Clearing Company Overseas legal person 3.29% 95,905,999 0
Limited

Xia Zuo-quan Domestic natural person 2.84% 82,635,607 61,976,705 Pledged 1,255,000
(Note 3)

7
 Shareholding of top ten shareholders (excluding shares lent under the securities lending and refinancing arrangement) (cont’d)

Number of Pledged, marked or frozen

Percentage shares held
Nature of of Number of subject to Status of
Name of shareholders shareholders shareholding shares held lock-up shares Number

Wang Nian-qiang Domestic natural person 0.63% 18,299,740 0 Pledged 3,760,000

Central Huijin Asset Management Ltd. State-owned legal 0.41% 11,976,633 0

person

Li Ke Domestic natural person 0.37% 10,861,400 8,146,050 Pledged 4,053,000

Industrial and Commercial Bank of China Other 0.34% 9,799,320 0

– Huatai-Pinebridge CSI 300 Exchange
Traded Open-ended Index Securities
Investment Fund (中國工商銀行股份有
限公司－華泰柏瑞滬深300交易型開放
式指數證券投資基金)

Note 1: The number includes the 1,000,000 H shares held by Mr. Wang Chuan-fu, the 195,000 H shares and the 305,000 H shares respectively held by Mr. Xia Zuo-quan
and SIGN INVESTMENTS LIMITED, an overseas company controlled by Mr. Xia Zuo-quan; and it also includes the H shares transferred from WESTERN
CAPITAL GROUP LLC, a company 100% controlled by BERKSHIRE HATHAWAY ENERGY COMPANY (formerly known as MIDAMERICAN ENERGY
HOLDINGS COMPANY) to HKSCC NOMINEES LIMITED;
Note 2: The number does not include the 1,000,000 H shares held by Mr. Wang Chuan-fu and the 3,727,700 A shares held by Mr. Wang Chuan-fu in No.1 Assets
Management Plan through E Fund BYD;
Note 3: The number does not include the 195,000 H shares and the 305,000 H shares held by Mr. Xia Zuo-quan and SIGN INVESTMENTS LIMITED, an overseas
company controlled by Mr. Xia Zuo-quan.

8
 Shareholding of top ten shareholders not subject to lock-up
Number of shares Class of shares
not subject to
Name of shareholders lock-up held Class of shares Number
HKSCC NOMINEES LIMITED 1,097,461,820 Overseas listed 1,097,461,820
(Note 1) foreign shares
Youngy Investment Holding Group Co., Ltd. 155,072,702 RMB ordinary shares 155,072,702
(融捷投資控股集團有限公司)
Wang Chuan-fu 128,405,963 RMB ordinary shares 128,405,963
(Note 2)
Hong Kong Securities Clearing Company 95,905,999 RMB ordinary shares 95,905,999
Limited
Lv Xiang-yang 59,807,155 RMB ordinary shares 59,807,155
Xia Zuo-quan 20,658,902 RMB ordinary shares 20,658,902
(Note 3)
Wang Nian-qiang 18,299,740 RMB ordinary shares 18,299,740
Central Huijin Asset Management Ltd. 11,976,633 RMB ordinary shares 11,976,633
Industrial and Commercial Bank of China 9,799,320 RMB ordinary shares 9,799,320
– Huatai-Pinebridge CSI 300 Exchange
Traded Open-ended Index Securities
Investment Fund (中國工商銀行股份
有限公司－華泰柏瑞滬深300交易型
開放式指數證券投資基金)

National Social Security Fund Portfolio 8,871,922 RMB ordinary shares 8,871,922
No.114

Note 1: The number includes the 1,000,000 H shares held by Mr. Wang Chuan-fu, the 195,000 H shares and the 305,000 H shares respectively
held by Mr. Xia Zuo-quan and SIGN INVESTMENTS LIMITED, an overseas company controlled by Mr. Xia Zuo-quan; and it
also includes the H shares transferred from WESTERN CAPITAL GROUP LLC, a company 100% controlled by BERKSHIRE
HATHAWAY ENERGY COMPANY (formerly known as MIDAMERICAN ENERGY HOLDINGS COMPANY) to HKSCC
NOMINEES LIMITED;
Note 2: The number does not include the 1,000,000 H shares held by Mr. Wang Chuan-fu and the 3,727,700 A shares held by Mr. Wang
Chuan-fu in No.1 Assets Management Plan through E Fund BYD;
Note 3: The number does not include the 195,000 H shares and the 305,000 H shares held by Mr. Xia Zuo-quan and SIGN INVESTMENTS
LIMITED, an overseas company controlled by Mr. Xia Zuo-quan.

9
Details of the connections among, or 1. Mr. Lv Xiang-yang is an older cousin of Mr. Wang Chuan-fu.
concerted actions taken by the above Mr. Lv Xiang-yang and his spouse, Ms. Zhang Chang-hong
shareholders are interested in the equity of Youngy Investment Holding
Group Co., Ltd. (融捷投資控股集團有限公司) as to 89.5%
and 10.5% respectively;

2. Shares held by HKSCC NOMINEES LIMITED are the

aggregate of H shares of the Company traded on the trading
platform of HKSCC NOMINEES LIMITED on its behalf held
by shareholders;

3. The Company is not aware of any connections among other

shareholders nor any parties acting in concert as defined
in the Administrative Measures for Acquisitions by Listed
Companies.

Details of top ten shareholders participating 1. According to the information provided by China Securities
in securities margin trading (if any) Finance Corporation Limited, Youngy Investment Holding
Group Co., Ltd. (融捷投資控股集團有限公司), a shareholder
of the Company, lent out 971,900 shares and 76,900 shares
for refinancing at the beginning of the Reporting Period and
at the end of the Reporting Period, respectively;

2. According to the information provided by China Securities

Finance Corporation Limited, Industrial and Commercial
Bank of China – Huatai-Pinebridge CSI 300 Exchange Traded
Open-ended Index Securities Investment Fund (中國工商銀
行股份有限公司－華泰柏瑞滬深300交易型開放式指數證
券投資基金), a shareholder of the Company, lent out 3,500
shares for refinancing at the beginning of the Reporting Period
and there were no shares lent out for refinancing at the end
of the Reporting Period;

3. According to the information provided by China Securities

Finance Corporation Limited, save for Youngy Investment
Holding Group Co., Ltd. (融捷投資控股集團有限公司)
and Industrial and Commercial Bank of China – Huatai-
Pinebridge CSI 300 Exchange Traded Open-ended Index
Securities Investment Fund (中國工商銀行股份有限公司－
華泰柏瑞滬深300交易型開放式指數證券投資基金), none of
the other top ten shareholders and top ten shareholders not
subject to lock-up had lent out any shares for refinancing at
the beginning and end of the Reporting Period.

10
 Shares lent out by shareholders with a shareholding of more than 5%, top ten shareholders and
top ten shareholders not subject to lock-up for participating in refinancing business

✔ Applicable □N/A

Unit: Share

Shares lent out by shareholders with a shareholding of more than 5%, top ten shareholders and
top ten shareholders not subject to lock-up for participating in refinancing business

Opening shareholdings Closing shareholdings

through common Opening shares lent through common Closing shares lent out
accounts and out and outstanding accounts and and outstanding
credit accounts for refinancing credit accounts for refinancing

Percentage Percentage Percentage Percentage

of total of total of total of total
Name Total share capital Total share capital Total share capital Total share capital

Youngy Investment Holding

Group Co., Ltd. (融捷投資
控股集團有限公司) 154,177,702 5.2961% 971,900 0.0334% 155,072,702 5.3269% 76,900 0.0026%

Industrial and Commercial

Bank of China – Huatai-
Pinebridge CSI 300
Exchange Traded Open-
ended Index Securities
Investment Fund (中國工商
銀行股份有限公司－華泰
柏瑞滬深300交易型開放式
指數證券投資基金) 6,856,557 0.2355% 3,500 0.0001% 9,799,320 0.3366% 0 0

Changes of top ten shareholders and top ten shareholders not subject to lock-up over the previous
period due to lending out/returning shares for refinancing

□Applicable ✔ N/A

(II) Table showing total number of shareholders of preference shares of the Company and
shareholding of top ten shareholders of preference shares

□Applicable ✔ N/A

11
III. OTHER SIGNIFICANT EVENTS

✔ Applicable □N/A

During the Reporting Period, the Resolution on the Consideration of the 2024 Share Repurchase
Plan, the Resolution on the Grant of Mandate to the Board and its Authorized Persons by the
General Meeting to Deal with Matters in relation to the Repurchase of Shares in Full Discretion
and the Resolution on the Convening of the First Extraordinary General Meeting of BYD Company
Limited in 2024 were considered and approved at the 5th meeting of the eighth session of the
Board and the 3rd meeting of the eighth session of the supervisory committee held on 6 March
2024. With confidence in the prospect of the new energy industry and the future development
of the Company under the national goal of “dual-carbon” and in recognition of the Company’s
value, in order to safeguard the interests of all Shareholders, enhance investor confidence, and
stabilize and enhance the value of the Company, the Company had decided to repurchase part of
its A shares for cancellation to reduce its registered capital with a repurchase amount of RMB400
million. For details, please refer to the Announcement on the Resolutions Passed at the 5th
Meeting of the Eighth Session of the Board (Announcement No. 2024–018), the Announcement
on the Resolutions Passed at the 3rd Meeting of the Eighth Session of the Supervisory committee
(Announcement No. 2024 – 019) and the Announcement on the 2024 Share Repurchase Plan
(Announcement No. 2024– 020) and the Notice of the Convening of the First Extraordinary
General Meeting of 2024, the First Class Meeting of Holders of A Shares of 2024 and the First
Class Meeting of Holders of H shares of 2024 (Announcement No. 2024–024) disclosed by the
Company on Securities Times, China Securities Journal, Shanghai Securities Journal, Securities
Daily and CNINFO (www.cninfo.com.cn) on 7 March 2024 and 20 March 2024, respectively.

12
IV. QUARTERLY FINANCIAL STATEMENTS

(I) Financial Statements

1. Consolidated Balance Sheet

Prepared by: BYD Company Limited

31 March 2024

Unit: RMB

Balance at the Balance at the

Item end of the period beginning of the year

Current assets:

Monetary fund 86,796,529,000.00 109,094,408,000.00

Financial assets held for trading 9,384,994,000.00 9,562,550,000.00

Trade receivable 61,265,729,000.00 61,866,019,000.00

Receivables financing 6,823,700,000.00 5,564,924,000.00

Prepayments 3,010,857,000.00 2,215,413,000.00

Other receivables 2,813,027,000.00 2,757,912,000.00

Including: Interests receivable

Dividends receivable

Inventories 98,778,886,000.00 87,676,748,000.00

Contract assets 2,316,586,000.00 2,660,319,000.00

Long-term receivables due within one year 8,209,299,000.00 7,508,351,000.00

Other current assets 13,494,167,000.00 13,214,802,000.00

Total current assets 292,893,774,000.00 302,121,446,000.00

13
IV. QUARTERLY FINANCIAL STATEMENTS (CONTINUED)

(I) Financial Statements (Continued)

1. Consolidated Balance Sheet (Continued)

Unit: RMB

Balance at the Balance at the

Item end of the period beginning of the year

Non-current assets:

Long-term receivables 8,134,667,000.00 8,238,190,000.00

Long-term equity investments 18,102,324,000.00 17,647,212,000.00

Other equity instrument investments 6,566,004,000.00 5,327,283,000.00

Other non-current financial assets 2,787,301,000.00 2,696,374,000.00

Investment properties 61,508,000.00 82,510,000.00

Fixed assets 231,093,876,000.00 230,903,820,000.00

Construction in progress 39,909,856,000.00 34,726,196,000.00

Right-of-use assets 10,406,389,000.00 9,678,956,000.00

Intangible assets 36,957,988,000.00 37,236,261,000.00

Development expenditure 637,605,000.00 541,000,000.00

Goodwill 4,427,571,000.00 4,427,571,000.00

Long-term deferred expenditures 5,376,231,000.00 4,062,529,000.00

Deferred tax assets 7,092,056,000.00 6,584,422,000.00

Other non-current assets 13,336,471,000.00 15,273,900,000.00

Total non-current assets 384,889,847,000.00 377,426,224,000.00

Total assets 677,783,621,000.00 679,547,670,000.00

14
IV. QUARTERLY FINANCIAL STATEMENTS (CONTINUED)

(I) Financial Statements (Continued)

1. Consolidated Balance Sheet (Continued)

Unit: RMB

Balance at the Balance at the

Item end of the period beginning of the year

Current liabilities:

Short-term borrowings 13,718,585,000.00 18,323,216,000.00

Financial liabilities held for trading 98,177,000.00 7,713,000.00

Bills payable 3,309,360,000.00 4,053,314,000.00

Trade payable 196,133,876,000.00 194,429,817,000.00

Contract liabilities 38,363,374,000.00 34,698,510,000.00

Employee benefits payable 16,291,131,000.00 17,138,836,000.00

Taxes payable 6,557,025,000.00 7,852,324,000.00

Other payables 156,163,109,000.00 164,972,849,000.00

Including: Interests payable

Dividends payable

Provision 2,693,025,000.00 2,620,325,000.00

Non-current liabilities due within one year 8,170,073,000.00 7,740,491,000.00

Other current liabilities 2,582,963,000.00 1,829,276,000.00

Total current liabilities 444,080,698,000.00 453,666,671,000.00

15
IV. QUARTERLY FINANCIAL STATEMENTS (CONTINUED)

(I) Financial Statements (Continued)

1. Consolidated Balance Sheet (Continued)

Unit: RMB

Balance at the Balance at the

Item end of the period beginning of the year

Non-current liabilities:

Long-term borrowings 13,995,641,000.00 11,975,139,000.00

Lease liabilities 9,099,131,000.00 8,847,186,000.00

Deferred tax liabilities 3,705,331,000.00 3,950,836,000.00

Other non-current liabilities 51,955,785,000.00 50,645,725,000.00

Total non-current liabilities 78,755,888,000.00 75,418,886,000.00

Total liabilities 522,836,586,000.00 529,085,557,000.00

Shareholders’ equity:

Share capital 2,911,143,000.00 2,911,143,000.00

Capital reserve 62,178,342,000.00 62,041,774,000.00

Less: treasury stocks 1,266,944,000.00 1,266,944,000.00

Other comprehensive income 177,964,000.00 603,663,000.00

Special reserve 22,889,000.00 22,370,000.00

Surplus reserve 7,374,087,000.00 7,374,087,000.00

Undistributed profit 71,692,765,000.00 67,123,972,000.00

Total shareholders’ equity attributable to

the parent company 143,090,246,000.00 138,810,065,000.00

Non-controlling interests 11,856,789,000.00 11,652,048,000.00

Total shareholders’ equity 154,947,035,000.00 150,462,113,000.00

Total liabilities and shareholders’ equity 677,783,621,000.00 679,547,670,000.00

Person in charge of Head of Accounting

Legal representative: Accounting: Department:
Wang Chuan-fu Zhou Ya-lin Liu Hui
16
IV. QUARTERLY FINANCIAL STATEMENTS (CONTINUED)

(I) Financial Statements (Continued)

2. Consolidated Income Statement

Unit: RMB

Amount for the Amount for the

Item current period previous period
I. Total operating revenue 124,944,397,000.00 120,173,608,000.00
Including: Operating revenue 124,944,397,000.00 120,173,608,000.00
II. Total operating costs 120,733,401,000.00 115,208,987,000.00
Including: Operating costs 97,603,387,000.00 98,706,595,000.00
Tax and surcharge 2,141,223,000.00 2,244,609,000.00
Sales expense 6,803,589,000.00 4,648,263,000.00
Administrative expenses 3,768,509,000.00 3,365,701,000.00
Research and development
expenses 10,610,654,000.00 6,237,909,000.00
Finance expenses -193,961,000.00 5,910,000.00
Including: Interest expenses 580,449,000.00 307,133,000.00
Interest income 595,128,000.00 539,969,000.00
Add: Other income 1,796,253,000.00 687,719,000.00
Investment income
(loss is represented by “-”) 621,940,000.00 245,494,000.00
Including: Investment income in
associates and joint ventures 456,861,000.00 215,063,000.00
Gains from changes in fair value
(loss is represented by “-”) 142,762,000.00 80,659,000.00
Impairment loss on credit
(loss is represented by “-”) -326,448,000.00 -229,620,000.00
Impairment loss on assets
(loss is represented by “-”) -642,724,000.00 -492,291,000.00
Gains from disposal of assets (loss
is represented by “-”) -4,293,000.00 42,022,000.00

17
IV. QUARTERLY FINANCIAL STATEMENTS (CONTINUED)

(I) Financial Statements (Continued)

2. Consolidated Income Statement (Continued)

Unit: RMB

Amount for the Amount for the

Item current period previous period
III. Operating profit
(loss is represented by “-”) 5,798,486,000.00 5,298,604,000.00
Add: Non-operating income 247,476,000.00 141,832,000.00
Less: Non-operating expenses 328,597,000.00 223,197,000.00
IV. Total profit
(total loss is represented by “-”) 5,717,365,000.00 5,217,239,000.00
Less: Income tax expense 946,486,000.00 847,244,000.00
V. Net profit
(net loss is represented by “-”) 4,770,879,000.00 4,369,995,000.00
(I) Classified by continuity of operation
1. Net profit from continued
operation (net loss is
represented by “-”) 4,770,879,000.00 4,369,995,000.00
2. Net profit from discontinued
operation (net loss is
represented by “-”)
(II) Classified by ownership
1. Net profit attributable to
shareholders of the parent
company 4,568,793,000.00 4,130,063,000.00
2. Non-controlling interests 202,086,000.00 239,932,000.00

18
IV. QUARTERLY FINANCIAL STATEMENTS (CONTINUED)

(I) Financial Statements (Continued)

2. Consolidated Income Statement (Continued)

Unit: RMB

Amount for the Amount for the

Item current period previous period
VI. Other comprehensive income,
net of tax -425,437,000.00 78,372,000.00
Other comprehensive income attributable
to shareholders of the parent company,
net of tax -425,699,000.00 71,805,000.00
(I) Other comprehensive income that
cannot be reclassified to profit or
loss -270,918,000.00 106,081,000.00
1. Changes from re-measurement
of defined benefit plans
2. Other comprehensive income
that cannot be transferred to
profit or loss under the equity
method
3. Changes in fair value of
other equity instrument
investments -360,774,000.00 142,131,000.00
4. Changes in fair value of the
company’s own credit risk
5. Income tax effect 89,856,000.00 -36,050,000.00
6. Others

19
IV. QUARTERLY FINANCIAL STATEMENTS (CONTINUED)

(I) Financial Statements (Continued)

2. Consolidated Income Statement (Continued)

Unit: RMB

Amount for the Amount for the

Item current period previous period
(II) Other comprehensive income that
will be reclassified to profit or
loss -154,781,000.00 -34,276,000.00
1. Other comprehensive income
that may be transferred to
profit or loss under the equity
method
2. Changes in fair value of other
debt investments
3. Amount of financial
assets reclassified to other
comprehensive income
4. Credit impairment provisions
for other debt investments
5. Reserves for cash flows hedges -99,585,000.00 0.00
6. Difference on foreign currency
translation -61,795,000.00 42,644,000.00
7. Changes in fair value of
receivables financing 6,599,000.00 -95,030,000.00
8. Credit impairment provisions
for receivables financing 0.00 18,110,000.00
9. Others
Other comprehensive income attributable
to minority shareholders, net of tax 262,000.00 6,567,000.00

20
IV. QUARTERLY FINANCIAL STATEMENTS (CONTINUED)

(I) Financial Statements (Continued)

2. Consolidated Income Statement (Continued)

Unit: RMB

Amount for the Amount for the

Item current period previous period
VII. Total comprehensive income 4,345,442,000.00 4,448,367,000.00
Total comprehensive income attributable
to shareholders of the parent company 4,143,094,000.00 4,201,868,000.00
Total comprehensive income attributable
to minority shareholders 202,348,000.00 246,499,000.00
VIII. Earnings per share:
(I) Basic earnings per share 1.57 1.42
(II) Diluted earnings per share 1.57 1.42

For the business combination under common control effected in the current period, the net
profit recognised by the merged party before the combination was RMB0.00, and the net profit
recognised by the merged party in the previous period was RMB0.00.

Person in charge of Head of

Legal representative: Accounting: Accounting Department:
Wang Chuan-fu Zhou Ya-lin Liu Hui

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IV. QUARTERLY FINANCIAL STATEMENTS (CONTINUED)

(I) Financial Statements (Continued)

3. Consolidated Cash Flow Statement

Unit: RMB

Amount for the Amount for the

Item current period previous period
I. Cash flows from operating activities:
Cash received from sales of goods and
provision of services 124,156,838,000.00 93,703,601,000.00
Tax rebates received 3,605,599,000.00 2,516,381,000.00
Cash received from other activities
relating to operations 3,519,489,000.00 6,028,151,000.00
Sub-total of cash inflows from operating
activities 131,281,926,000.00 102,248,133,000.00
Cash paid for goods and services 85,416,879,000.00 58,842,560,000.00
Cash paid to and on behalf of employees 23,477,009,000.00 18,250,085,000.00
Cash paid for various types of taxes 7,927,455,000.00 6,517,453,000.00
Cash paid for other activities relating to
operations 4,232,599,000.00 4,172,336,000.00
Sub-total of cash outflows from operating
activities 121,053,942,000.00 87,782,434,000.00
Net cash flows from operating activities 10,227,984,000.00 14,465,699,000.00

22
IV. QUARTERLY FINANCIAL STATEMENTS (CONTINUED)

(I) Financial Statements (Continued)

3. Consolidated Cash Flow Statement (Continued)

Unit: RMB

Amount for the Amount for the

Item current period previous period
II. Cash flows from investing activities:
Cash received from gains in investment 114,226,000.00 138,036,000.00
Net cash received from disposals of fixed
assets, intangible assets and other long-
term assets 36,987,000.00 166,393,000.00
Cash received from other activities
relating to investments 440,000,000.00 10,237,081,000.00
Sub-total of cash inflows from investing
activities 591,213,000.00 10,541,510,000.00
Cash paid for purchase and construction
of fixed assets, intangible assets and
other long-term assets 26,094,349,000.00 32,357,737,000.00
Cash paid for investments 1,606,462,000.00 384,141,000.00
Cash paid for other activities relating to
investments 160,000,000.00 497,000,000.00
Sub-total of cash outflows from investing
activities 27,860,811,000.00 33,238,878,000.00
Net cash flows from investing activities -27,269,598,000.00 -22,697,368,000.00

23
IV. QUARTERLY FINANCIAL STATEMENTS (CONTINUED)

(I) Financial Statements (Continued)

3. Consolidated Cash Flow Statement (Continued)

Unit: RMB

Amount for the Amount for the

Item current period previous period
III. Cash flows from financing activities:
Cash received from capital injection
Including: Cash received by subsidiaries
from minority shareholders’
investment
Cash received from borrowings 12,703,500,000.00 13,214,038,000.00
Cash received relating to other financing
activities
Sub-total of cash inflows from financing
activities 12,703,500,000.00 13,214,038,000.00
Cash paid for repayment of debts 17,136,272,000.00 647,470,000.00
Cash payments for distribution of
dividends, profits or interest expenses 232,182,000.00 241,502,000.00
Including: Dividends and profits paid to
minority shareholders by subsidiaries
Cash paid relating to other financing
activities 518,589,000.00 274,985,000.00
Sub-total of cash outflows from financing
activities 17,887,043,000.00 1,163,957,000.00
Net cash flows from financing activities -5,183,543,000.00 12,050,081,000.00

24
IV. QUARTERLY FINANCIAL STATEMENTS (CONTINUED)

(I) Financial Statements (Continued)

3. Consolidated Cash Flow Statement (Continued)

Unit: RMB

Amount for the Amount for the

Item current period previous period
IV. Effect of foreign exchange rate changes
on cash and cash equivalents -107,840,000.00 -109,036,000.00
V. Net increase in cash and cash
equivalents -22,332,997,000.00 3,709,376,000.00
Add: Cash and cash equivalents at the
beginning of the period 108,511,745,000.00 51,182,457,000.00
VI. Cash and cash equivalents at the end of
the period 86,178,748,000.00 54,891,833,000.00

(II) Audit Report

Whether the first quarterly report is audited or not

□Yes ✔ No

The first quarterly report of the Company is unaudited.

By Order of the Board

BYD Company Limited
Wang Chuan-fu
Chairman

Shenzhen, PRC, 29 April 2024

As at the date of this announcement, the Board of the Company consists of Mr. Wang Chuan-fu being the
executive Director, Mr. Lv Xiang-yang and Mr. Xia Zuo-quan being the non-executive Directors, and
Mr. Cai Hong-ping, Mr. Zhang Min and Ms. Yu Ling being the independent non-executive Directors.

This announcement is prepared in Chinese and translated into English, and the Chinese text shall
prevail over the English text in case of any inconsistency.

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