Profile & Fundamentals
BYD Profile & Fundamentals
Examine company identity, ownership, reported performance, valuation, balance-sheet resilience, dividends, buybacks, and material corporate events.
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Company and Market Context
Company Profile & Ownership
BYD Company Limited, together with its subsidiaries, engages in automobiles and batteries business in the People's Republic of China, Hong Kong, Macau, Taiwan, and internationally. It operates in two segments, Mobile Handset Components, Assembly Service and Other Products; and Automobiles and Related Products and Other Products. The Mobile Handset Components, Assembly Service and Other Products segment manufactures and sells mobile handset components, such as housings and electronic components, and provides assembly services. Its Automobiles and Related Products and Other Products segment is involved in the manufacturing and sale of automobiles, and auto-related molds and components; provision of automobile leasing and after sales services, automobile power batteries, lithium-ion batteries, photovoltaic, and iron battery products; and rail transport and related business. The company develops urban rail transportation business. BYD Company Limited was founded in 1994 and is headquartered in Shenzhen, China.
Company profile record
BYD Company Limited
Common Stock · Consumer Discretionary · Automobile Manufacturers
Company
- Company / asset
- BYD Company Limited
- Security type
- Common Stock
- Sector
- Consumer Discretionary
- Industry
- Automobile Manufacturers
- HQ
- 🇨🇳 China
- Head office
- No.3009, BYD Road, Shenzhen, China, 518118
Leadership & scale
- Chief executive
- Mr. Chuan-Fu Wang
- CEO year born
- 1966
- Full-time employees
- 911.9K
- Fiscal year end
- December
- IPO date
- 2002-07-31
Fundamentals snapshot
- Market Cap
- HKD 683.0B
- P/E
- 21.2x
- Revenue (Q2 26)
- CNY 193.8B
- Profit (Q2 26)
- CNY 8.2B
- Dividend Yield
- 1.1%
- Revenue (FY 25)
- CNY 773.5B
- Shares in public float
- 6.1B
- Insider ownership
- 0.12%
Reporting & identifiers
- Symbol
- 1211.HKEX
- Listing
- 🇭🇰 Hong Kong | Dividend Tax: 0%
- Ticker Currency
- HKD
- Income Statement Currency
- CNY
- Balance Sheet Currency
- CNY
- Cash Flow Currency
- CNY
- EPS Currency
- CNY
- Contract Type
- SPOT
- ISIN
- CNE100000296
- Asset ID
- equity_f71be61b-f2c9-5c76-8d38-441026d9f9c6
Ownership
Shares Outstanding
Latest: 9.1B | Max: 9.3B | Min: 4.3B
Market Capitalization
Monthly split-adjusted path from historic prices x shares outstanding (latest 20 years)
Latest: HKD 683.0B | Max: HKD 1.20T | Min: HKD 7.7B
Latest reported ownership snapshot
As of Oct 1, 2026Float Shares
66.73%
6.1B latest reported shares
Insider Ownership
0.12%
Latest reported insider stake
Short Float
--
Latest reported short interest / float
Earnings, Profitability & Valuation
Earnings, Profitability & Valuation
Earnings & Revenue
Earnings and Revenue Trajectory
AI Review
Headline financial results show an intense domestic price war transitioning into an international earnings recovery. In fiscal 2025, consolidated revenue paused at CNY 773 billion while operating income dropped 56.6% to CNY 21.9 billion as aggressive discounting swept China. However, results through the first half of 2026 confirm that the earnings decline has bottomed out. Second-quarter 2026 net profit rebounded 29.1% year-on-year to CNY 8.21 billion, driven by international sales expanding to over 52% of total turnover. While domestic passenger car sales remain price-competitive, higher selling prices and fatter margins abroad are successfully stabilizing company earnings, establishing a more resilient, globally diversified profit base.
Headline financial results show an intense domestic price war transitioning into an international earnings recovery. In fiscal 2025, consolidated revenue paused at CNY 773 billion while operating income dropped 56.6% to CNY 21.9 billion as aggressive discounting swept China. However, results through the first half of 2026 confirm that the earnings decline has bottomed out. Second-quarter 2026 net profit rebounded 29.1% year-on-year to CNY 8.21 billion, driven by international sales expanding to over 52% of total turnover. While domestic passenger car sales remain price-competitive, higher selling prices and fatter margins abroad are successfully stabilizing company earnings, establishing a more resilient, globally diversified profit base.
Revenue, Net Income, and Free Cash Flow
Latest: CNY 773.5B | Max: CNY 777.1B | Min: CNY -94.8B
Valuation
P/E Ratio (TTM)iUses profile-aligned P/E logic. Recent annual bars and quarterly mode use trailing 4-quarter net income; older annual bars fall back to annual net income.
Latest: 21x
Profitability & Margins
Margins and Operating Efficiency
AI Review
Profit margins tell two contrasting stories across domestic and international markets. Brutal domestic price wars compressed group gross margins to 15.04% in 2025, pulling operating margins down to 2.83%. However, gross margins rebounded to 18.85% in the first half of 2026 as international deliveries expanded. Looking beneath group numbers reveals the true driver: core automotive operations generated a robust 22.33% gross margin in early 2026, while low-margin electronic assembly weighed on group totals. Higher export vehicle prices are expanding profitability, ensuring the company avoids low-margin traps as localized foreign production increases.
Profit margins tell two contrasting stories across domestic and international markets. Brutal domestic price wars compressed group gross margins to 15.04% in 2025, pulling operating margins down to 2.83%. However, gross margins rebounded to 18.85% in the first half of 2026 as international deliveries expanded. Looking beneath group numbers reveals the true driver: core automotive operations generated a robust 22.33% gross margin in early 2026, while low-margin electronic assembly weighed on group totals. Higher export vehicle prices are expanding profitability, ensuring the company avoids low-margin traps as localized foreign production increases.
Profitability Margins
Latest: 15.0% | Max: 23.4% | Min: -0.6%
Latest Profitability Ratios as of 2026-06-30
Gross Margin
19.0%
Gross profit / revenue
Operating Margin
5.2%
Operating income / revenue
Net Margin
4.2%
Net income / revenue
FCF Margin
6.0%
Free cash flow / revenue
EPS & Execution vs Expectations
EPS History
Actual EPS against consensus estimate from provider earnings history.
Actual vs Estimate
EPS currency: CNY
+30.0%
-35.4%
-75.0%
-72.7%
-45.9%
-50.8%
-65.0%
-54.0%
+7.1%
+10.4%
-5.9%
'14
'16
'17
'18
'19
'20
'21
'22
'23
'24
'25
'25 · Actual EPS: 5.71 · Estimate: 6.07 CNY · Surprise: -5.9%
Tap a bar or choose a period to see its full values.
Execution vs Expectations
Then check whether management is consistently beating estimates and whether financing costs are becoming a drag.
Earnings Surprise Hit Rate
28.6%
Positive surprise share over last 7 quarters
Median EPS Surprise
-16.4%
Median surprise over last 7 quarters
Capital Expenditure & R&D
Capital allocation, capex, and R&D intensity after the EPS read.
Capital Allocation and Reinvestment Discipline
AI Review
Management has spent aggressively to build a global industrial footprint, committing 19.75% of revenue to capital expenditure in 2025. This massive cash deployment funded brand-new assembly factories in Hungary, Brazil, and Thailand, alongside advanced battery lines and specialized transport ships, pushing 2025 free cash flow to negative CNY 94.8 billion. This high spending represents front-loaded growth investments rather than wasted cash. As major overseas factories begin commercial vehicle assembly, annual spending is moderating back toward normal maintenance levels. This transition will gradually reduce heavy cash drain and release substantial operating cash for investors.
Management has spent aggressively to build a global industrial footprint, committing 19.75% of revenue to capital expenditure in 2025. This massive cash deployment funded brand-new assembly factories in Hungary, Brazil, and Thailand, alongside advanced battery lines and specialized transport ships, pushing 2025 free cash flow to negative CNY 94.8 billion. This high spending represents front-loaded growth investments rather than wasted cash. As major overseas factories begin commercial vehicle assembly, annual spending is moderating back toward normal maintenance levels. This transition will gradually reduce heavy cash drain and release substantial operating cash for investors.
Capital Expenditures (Annual)iAnnual capital expenditures from cash-flow filings, shown as positive cash outflows.
Latest: CNY 152.7B
Investment Intensity Trends
Latest: 6.7% | Max: 27.3% | Min: 1.3%
Investment Intensity KPIs
Track capex and R&D pressure relative to revenue.
Capital Expenditures
CNY 152.7B
Latest annual
Capex Intensity
19.7%
Capex / revenue
R&D Intensity
6.7%
Research and development / revenue
Source tablesView earnings, profitability & valuation tables
Dataset curated by iPulse AI and published by Future Edge Group FZE. Source: eodhd. Reported records retain their source currencies; chart transformations and ratios are calculated separately. Use is subject to the iPulse AI Terms of Service and applicable source rights.
Reported financial history
Annual and quarterly source records are ordered newest first. The document limits each statement to 10 annual and 12 quarterly periods to keep the page focused and crawlable.
Income statement history
Revenue and gross profit (1 of 3)
| Period | Period type | Currency | Total Revenue | Cost Of Revenue | Gross Profit | Research Development | Selling General Administrative |
|---|---|---|---|---|---|---|---|
| Jun 30, 2026 | Quarterly | CNY | 193,762,685,000 | 157,853,239,000 | 36,736,868,000 | 10,628,813,000 | 3,510,872,000 |
| Mar 31, 2026 | Quarterly | CNY | 150,225,314,000 | 121,973,620,000 | 28,251,694,000 | 11,343,566,000 | 5,083,054,000 |
| Dec 31, 2025 | Annual | CNY | 773,467,620,000 | 657,113,116,000 | 116,354,505,000 | 51,482,180,000 | 2,020,090,000 |
| Dec 31, 2025 | Quarterly | CNY | 207,265,672,000 | 192,112,027,000 | 15,153,646,000 | 7,738,814,000 | -13,248,022,000 |
| Sep 30, 2025 | Quarterly | CNY | 194,921,000,000 | 160,586,000,000 | 34,335,000,000 | 14,147,000,000 | 11,185,814,000 |
| Jun 30, 2025 | Quarterly | CNY | 200,920,500,000 | 168,239,704,000 | 32,680,796,000 | 15,373,360,000 | -3,769,109,000 |
| Mar 31, 2025 | Quarterly | CNY | 170,360,448,000 | 136,175,385,000 | 34,185,063,000 | 14,223,006,000 | 4,905,868,000 |
| Dec 31, 2024 | Annual | CNY | 777,102,455,000 | 626,046,616,000 | 151,055,839,000 | 53,194,745,000 | 1,564,017,000 |
| Dec 31, 2024 | Quarterly | CNY | 274,851,143,000 | 228,093,053,000 | 46,758,090,000 | 19,875,537,000 | 10,845,475,000 |
| Sep 30, 2024 | Quarterly | CNY | 201,124,599,000 | 157,093,581,000 | 44,031,018,000 | 13,698,452,000 | 11,714,346,000 |
| Jun 30, 2024 | Quarterly | CNY | 176,182,316,000 | 143,256,595,000 | 32,925,721,000 | 9,010,102,000 | 3,926,460,000 |
| Mar 31, 2024 | Quarterly | CNY | 124,944,397,000 | 97,603,387,000 | 27,341,010,000 | 10,610,654,000 | 3,768,509,000 |
| Dec 31, 2023 | Annual | CNY | 602,315,354,000 | 482,803,203,000 | 119,512,151,000 | 39,574,945,000 | 1,420,157,000 |
| Dec 31, 2023 | Quarterly | CNY | 180,040,516,000 | 141,831,681,000 | 38,208,835,000 | 14,636,566,000 | 8,860,037,000 |
| Sep 30, 2023 | Quarterly | CNY | 162,150,695,000 | 126,275,113,000 | 35,875,582,000 | 11,103,731,000 | 9,585,827,000 |
| Dec 31, 2022 | Annual | CNY | 424,060,635,000 | 351,815,680,000 | 72,244,955,000 | 18,654,453,000 | 695,434,000 |
| Dec 31, 2021 | Annual | CNY | 216,142,395,000 | 187,997,689,000 | 28,144,706,000 | 7,990,974,000 | 519,844,000 |
| Dec 31, 2020 | Annual | CNY | 156,597,691,000 | 126,251,380,000 | 30,346,311,000 | 7,464,861,000 | 416,592,000 |
| Dec 31, 2019 | Annual | CNY | 127,738,523,000 | 106,924,288,000 | 20,814,235,000 | 5,629,372,000 | 461,913,000 |
| Dec 31, 2018 | Annual | CNY | 130,054,707,000 | 108,725,343,000 | 21,329,364,000 | 4,989,360,000 | 431,835,000 |
| Dec 31, 2017 | Annual | CNY | 105,914,702,000 | 85,775,482,000 | 20,139,220,000 | 3,739,491,000 | 342,420,000 |
| Dec 31, 2016 | Annual | CNY | 103,469,997,000 | 82,400,900,000 | 21,069,097,000 | 3,171,694,000 | 338,945,000 |
Operating performance (2 of 3)
| Period | Period type | Currency | Total Operating Expenses | Operating Income | Ebit | Ebitda | Interest Expense |
|---|---|---|---|---|---|---|---|
| Jun 30, 2026 | Quarterly | CNY | 26,689,179,000 | 10,047,689,000 | 8,778,190,000 | 28,931,473,000 | 946,853,000 |
| Mar 31, 2026 | Quarterly | CNY | 21,068,134,000 | 7,183,560,000 | 5,710,562,000 | 5,710,562,000 | 964,167,000 |
| Dec 31, 2025 | Annual | CNY | 94,450,061,000 | 21,904,444,000 | 21,904,444,000 | 100,346,131,000 | 2,748,354,000 |
| Dec 31, 2025 | Quarterly | CNY | 17,693,711,000 | -2,540,065,000 | -8,378,616,000 | 70,063,071,000 | 808,007,000 |
| Sep 30, 2025 | Quarterly | CNY | 28,610,000,000 | 5,725,000,000 | -12,465,777,842 | 10,401,000,000 | 759,264,000 |
| Jun 30, 2025 | Quarterly | CNY | 24,981,936,000 | 7,698,860,000 | -12,773,580,699 | 8,089,717,000 | 370,585,000 |
| Mar 31, 2025 | Quarterly | CNY | 23,164,414,000 | 11,020,649,000 | -8,881,322,839 | 11,792,343,000 | 601,460,000 |
| Dec 31, 2024 | Annual | CNY | 100,569,792,000 | 50,486,047,000 | 51,774,458,000 | 116,853,507,000 | 2,093,781,000 |
| Dec 31, 2024 | Quarterly | CNY | 28,018,642,000 | 18,739,448,000 | -261,876,507 | 18,783,411,000 | 422,243,000 |
| Sep 30, 2024 | Quarterly | CNY | 29,607,695,000 | 14,423,323,000 | 14,423,323,000 | 14,646,849,000 | 555,478,000 |
| Jun 30, 2024 | Quarterly | CNY | 20,574,826,000 | 11,524,790,000 | 12,046,384,000 | 13,718,513,000 | 535,611,000 |
| Mar 31, 2024 | Quarterly | CNY | 21,527,722,000 | 5,798,486,000 | 4,621,713,000 | 15,094,731,500 | 631,502,212 |
| Dec 31, 2023 | Annual | CNY | 81,409,056,000 | 38,103,095,000 | 39,096,242,000 | 82,378,814,000 | 1,827,605,000 |
| Dec 31, 2023 | Quarterly | CNY | 26,222,779,000 | 11,465,809,000 | 11,684,269,000 | 22,157,287,500 | 481,037,000 |
| Sep 30, 2023 | Quarterly | CNY | 22,839,417,000 | 12,906,003,000 | 8,108,532,000 | 13,034,580,000 | 369,095,000 |
| Dec 31, 2022 | Annual | CNY | 49,268,473,000 | 21,541,819,000 | 22,398,574,000 | 42,684,498,000 | 1,316,350,000 |
| Dec 31, 2021 | Annual | CNY | 20,547,527,000 | 7,589,911,000 | 6,428,219,000 | 20,506,744,000 | 1,907,642,000 |
| Dec 31, 2020 | Annual | CNY | 17,301,155,000 | 12,212,928,000 | 10,009,073,000 | 22,494,243,000 | 3,123,801,000 |
| Dec 31, 2019 | Annual | CNY | 13,953,184,000 | 7,139,563,000 | 5,921,034,000 | 15,716,159,000 | 3,487,407,000 |
| Dec 31, 2018 | Annual | CNY | 13,296,423,000 | 4,241,760,000 | 5,431,160,000 | 14,829,845,000 | 3,118,751,000 |
| Dec 31, 2017 | Annual | CNY | 11,792,313,000 | 5,410,551,000 | 6,860,786,000 | 13,944,824,000 | 2,342,770,000 |
| Dec 31, 2016 | Annual | CNY | 12,550,691,000 | 5,986,251,000 | 8,123,552,000 | 15,151,121,000 | 1,799,609,000 |
Earnings and taxes (3 of 3)
| Period | Period type | Currency | Income Before Tax | Income Tax Expense | Net Income | Depreciation And Amortization |
|---|---|---|---|---|---|---|
| Jun 30, 2026 | Quarterly | CNY | 9,825,733,000 | 1,537,996,000 | 8,205,816,000 | 20,153,283,000 |
| Mar 31, 2026 | Quarterly | CNY | 4,746,395,000 | 735,464,000 | 4,084,551,000 | Not reported |
| Dec 31, 2025 | Annual | CNY | 38,724,196,000 | 5,837,204,000 | 31,774,806,000 | 78,441,687,000 |
| Dec 31, 2025 | Quarterly | CNY | 10,067,181,000 | 1,409,128,000 | 8,444,273,000 | 78,441,687,000 |
| Sep 30, 2025 | Quarterly | CNY | 9,747,000,000 | 1,557,000,000 | 7,820,000,000 | 22,866,777,842 |
| Jun 30, 2025 | Quarterly | CNY | 7,719,132,000 | 1,123,333,000 | 6,355,548,000 | 20,863,297,699 |
| Mar 31, 2025 | Quarterly | CNY | 11,190,883,000 | 1,747,743,000 | 9,154,985,000 | 20,673,665,839 |
| Dec 31, 2024 | Annual | CNY | 49,680,677,000 | 8,092,737,000 | 40,254,346,000 | 65,079,049,000 |
| Dec 31, 2024 | Quarterly | CNY | 18,361,168,000 | 3,020,776,000 | 15,016,231,000 | 19,045,287,507 |
| Sep 30, 2024 | Quarterly | CNY | 14,091,371,000 | 1,957,039,000 | 11,606,858,000 | 223,526,000 |
| Jun 30, 2024 | Quarterly | CNY | 11,510,773,000 | 2,168,436,000 | 9,062,464,000 | 1,672,129,000 |
| Mar 31, 2024 | Quarterly | CNY | 5,717,365,000 | 946,486,000 | 4,568,793,000 | 10,473,018,500 |
| Dec 31, 2023 | Annual | CNY | 37,268,637,000 | 5,924,567,000 | 30,040,811,000 | 43,282,572,000 |
| Dec 31, 2023 | Quarterly | CNY | 11,203,232,000 | 2,185,589,000 | 8,673,915,000 | 10,473,018,500 |
| Sep 30, 2023 | Quarterly | CNY | 12,665,485,000 | 1,778,777,000 | 10,412,751,000 | 4,926,048,000 |
| Dec 31, 2022 | Annual | CNY | 21,079,729,000 | 3,366,625,000 | 16,622,448,000 | 20,285,924,000 |
| Dec 31, 2021 | Annual | CNY | 4,518,003,000 | 550,737,000 | 3,045,188,000 | 14,078,525,000 |
| Dec 31, 2020 | Annual | CNY | 6,882,587,000 | 868,624,000 | 6,013,963,000 | 12,485,170,000 |
| Dec 31, 2019 | Annual | CNY | 2,431,131,000 | 312,274,000 | 1,614,450,000 | 9,795,125,000 |
| Dec 31, 2018 | Annual | CNY | 4,385,640,000 | 829,447,000 | 2,780,194,000 | 9,398,685,000 |
| Dec 31, 2017 | Annual | CNY | 5,620,641,000 | 703,705,000 | 4,066,478,000 | 7,084,038,000 |
| Dec 31, 2016 | Annual | CNY | 6,568,410,000 | 1,088,398,000 | 5,052,154,000 | 7,027,569,000 |
Cash flow history
Operating cash flow (1 of 3)
| Period | Period type | Currency | Net Income | Depreciation | Total Cash From Operating Activities | Capital Expenditures | Free Cash Flow |
|---|---|---|---|---|---|---|---|
| Jun 30, 2026 | Quarterly | CNY | 8,205,816,000 | 20,153,283,000 | 34,595,356,000 | 22,975,430,000 | 11,619,926,000 |
| Mar 31, 2026 | Quarterly | CNY | 4,047,636,000 | Not reported | 2,790,305,000 | 22,062,590,000 | -19,272,285,000 |
| Dec 31, 2025 | Annual | CNY | 31,490,251,000 | 78,441,687,000 | 57,956,327,000 | 152,749,492,000 | -94,793,165,000 |
| Dec 31, 2025 | Quarterly | CNY | 14,515,266,000 | 78,441,687,000 | 18,228,661,000 | 41,692,396,000 | -23,463,736,000 |
| Sep 30, 2025 | Quarterly | CNY | 7,820,000,000 | Not reported | 9,408,000,000 | 35,398,000,000 | -25,990,000,000 |
| Jun 30, 2025 | Quarterly | CNY | 6,642,940,678 | Not reported | 23,252,510,000 | 43,248,029,000 | -19,995,519,000 |
| Mar 31, 2025 | Quarterly | CNY | 9,154,985,000 | Not reported | 8,580,961,000 | 37,276,487,000 | -28,695,526,000 |
| Dec 31, 2024 | Annual | CNY | 41,587,940,000 | 65,079,049,000 | 133,453,873,000 | 97,359,768,000 | 36,094,105,000 |
| Dec 31, 2024 | Quarterly | CNY | 16,239,117,423 | Not reported | 77,180,558,000 | 27,842,121,000 | 49,338,437,000 |
| Sep 30, 2024 | Quarterly | CNY | 12,629,973,269 | Not reported | 42,095,005,000 | 22,291,986,000 | -22,291,986,000 |
| Jun 30, 2024 | Quarterly | CNY | 9,062,464,000 | 31,684,211,000 | 3,950,326,000 | 21,131,312,000 | -17,180,986,000 |
| Mar 31, 2024 | Quarterly | CNY | 4,568,793,000 | Not reported | 10,227,984,000 | 26,094,349,000 | -15,866,365,000 |
| Dec 31, 2023 | Annual | CNY | 31,344,070,000 | 43,282,572,000 | 169,725,025,000 | 122,093,509,000 | 47,631,516,000 |
| Dec 31, 2023 | Quarterly | CNY | 8,673,915,000 | 43,282,572,000 | 71,864,737,000 | 21,126,755,000 | 50,737,982,000 |
| Sep 30, 2023 | Quarterly | CNY | 10,412,751,000 | -18,125,160,000 | 15,889,111,000 | 35,029,888,000 | -19,140,777,000 |
| Dec 31, 2022 | Annual | CNY | 17,713,104,000 | 20,285,924,000 | 140,837,657,000 | 97,456,862,000 | 43,380,795,000 |
| Dec 31, 2021 | Annual | CNY | 3,967,266,000 | 14,078,525,000 | 65,466,682,000 | 37,343,609,000 | 28,123,073,000 |
| Dec 31, 2020 | Annual | CNY | 6,013,963,000 | 12,485,170,000 | 45,392,668,000 | 11,774,094,000 | 33,618,574,000 |
| Dec 31, 2019 | Annual | CNY | 2,118,857,000 | 9,795,125,000 | 14,741,007,000 | 20,627,160,000 | -5,886,153,000 |
| Dec 31, 2018 | Annual | CNY | 3,556,193,000 | 9,398,685,000 | 12,522,909,000 | 17,842,390,000 | -5,319,481,000 |
| Dec 31, 2017 | Annual | CNY | 4,916,936,000 | 7,084,038,000 | 6,367,887,000 | 14,776,561,000 | -8,408,674,000 |
| Dec 31, 2016 | Annual | CNY | 5,480,012,000 | 7,027,569,000 | -1,845,571,000 | 13,053,450,000 | -14,899,021,000 |
Investment and free cash flow (2 of 3)
| Period | Period type | Currency | Total Cashflows From Investing Activities | Dividends Paid | Sale Purchase Of Stock | Net Borrowings | Total Cash From Financing Activities |
|---|---|---|---|---|---|---|---|
| Jun 30, 2026 | Quarterly | CNY | -35,199,615,000 | 374,787,000 | -9,039,752,000 | -18,746,118,000 | -16,661,846,000 |
| Mar 31, 2026 | Quarterly | CNY | -20,249,591,000 | -709,307,000 | Not reported | 25,278,161,000 | 23,061,209,000 |
| Dec 31, 2025 | Annual | CNY | -192,560,387,000 | -14,133,004,000 | 40,074,768,000 | 84,783,398,000 | 101,762,913,000 |
| Dec 31, 2025 | Quarterly | CNY | -69,397,360,000 | -13,658,792,000 | 14,026,343,000 | 12,460,618,000 | 3,292,165,000 |
| Sep 30, 2025 | Quarterly | CNY | -51,800,000,000 | 12,994,406,000 | 40,074,768,000 | Not reported | 50,418,000,000 |
| Jun 30, 2025 | Quarterly | CNY | -41,756,026,000 | -296,743,000 | -14,026,343,000 | 9,610,818,000 | 11,657,473,000 |
| Mar 31, 2025 | Quarterly | CNY | -32,739,721,000 | 177,469,000 | 40,074,971,000 | 922,121,000 | 38,000,266,000 |
| Dec 31, 2024 | Annual | CNY | -129,082,282,000 | 9,636,015,000 | -400,028,000 | -9,480,029,000 | -10,267,547,000 |
| Dec 31, 2024 | Quarterly | CNY | -42,431,734,000 | 56,932,000 | 98,000,000 | -9,737,487,000 | 1,693,906,000 |
| Sep 30, 2024 | Quarterly | CNY | -30,776,473,000 | 9,245,325,000 | 98,000,000 | 10,684,592,000 | 396,971,000 |
| Jun 30, 2024 | Quarterly | CNY | -28,604,477,000 | 101,576,000 | Not reported | -5,994,362,000 | -7,174,881,000 |
| Mar 31, 2024 | Quarterly | CNY | -27,269,598,000 | 232,182,000 | Not reported | Not reported | -5,183,543,000 |
| Dec 31, 2023 | Annual | CNY | -125,663,644,000 | -3,974,320,000 | 98,000,000 | 18,073,144,000 | 12,817,127,000 |
| Dec 31, 2023 | Quarterly | CNY | -31,260,161,000 | 471,817,000 | Not reported | Not reported | 12,560,908,000 |
| Sep 30, 2023 | Quarterly | CNY | -35,867,212,000 | 3,592,731,000 | Not reported | 267,263,000 | -3,793,993,000 |
| Dec 31, 2022 | Annual | CNY | -120,595,997,000 | -1,553,388,000 | -1,809,920,000 | -16,412,946,000 | -19,488,683,000 |
| Dec 31, 2021 | Annual | CNY | -45,403,992,000 | 2,433,372,000 | -1,100,000,000 | -17,006,426,000 | 16,062,517,000 |
| Dec 31, 2020 | Annual | CNY | -14,444,248,000 | 3,631,253,000 | -3,300,000,000 | -24,489,908,000 | -28,907,418,000 |
| Dec 31, 2019 | Annual | CNY | -20,881,446,000 | 4,238,260,000 | Not reported | 9,879,385,000 | 6,610,345,000 |
| Dec 31, 2018 | Annual | CNY | -14,230,760,000 | 3,917,688,000 | Not reported | 9,507,781,000 | 3,916,511,000 |
| Dec 31, 2017 | Annual | CNY | -15,964,084,000 | 3,148,083,000 | -3,200,000,000 | 14,283,484,000 | 11,167,824,000 |
| Dec 31, 2016 | Annual | CNY | -13,442,642,000 | 3,156,943,000 | 14,473,000,000 | 4,532,157,000 | 16,270,217,000 |
Financing and distributions (3 of 3)
| Period | Period type | Currency | Change In Cash | End Period Cash Flow | Change In Working Capital | Stock Based Compensation |
|---|---|---|---|---|---|---|
| Jun 30, 2026 | Quarterly | CNY | -15,681,029,000 | 58,727,111,000 | Not reported | Not reported |
| Mar 31, 2026 | Quarterly | CNY | 5,013,292,000 | 73,408,489,000 | Not reported | Not reported |
| Dec 31, 2025 | Annual | CNY | -22,748,401,000 | 75,457,016,000 | -46,692,334,000 | Not reported |
| Dec 31, 2025 | Quarterly | CNY | -42,080,020,000 | 75,457,016,000 | -35,876,465,000 | Not reported |
| Sep 30, 2025 | Quarterly | CNY | 7,731,000,000 | 119,722,000,000 | -104,450,596,000 | Not reported |
| Jun 30, 2025 | Quarterly | CNY | -6,501,832,000 | 109,716,780,000 | -10,815,869,000 | Not reported |
| Mar 31, 2025 | Quarterly | CNY | 13,962,070,000 | 116,218,612,000 | -34,657,187,000 | Not reported |
| Dec 31, 2024 | Annual | CNY | -6,255,203,000 | 102,256,542,000 | 18,291,311,000 | Not reported |
| Dec 31, 2024 | Quarterly | CNY | 36,446,881,000 | 102,256,542,000 | -110,404,074,000 | Not reported |
| Sep 30, 2024 | Quarterly | CNY | 11,583,089,000 | 65,809,661,000 | -84,333,129,000 | Not reported |
| Jun 30, 2024 | Quarterly | CNY | -31,952,176,000 | 54,226,572,000 | Not reported | 273,920,000 |
| Mar 31, 2024 | Quarterly | CNY | -22,332,997,000 | 86,178,748,000 | Not reported | Not reported |
| Dec 31, 2023 | Annual | CNY | 57,329,288,000 | 108,511,745,000 | 91,094,036,000 | 872,189,000 |
| Dec 31, 2023 | Quarterly | CNY | 53,245,752,000 | 108,511,745,000 | -20,243,293,000 | 872,189,000 |
| Sep 30, 2023 | Quarterly | CNY | -23,962,367,000 | 55,265,993,000 | -64,879,607,000 | -567,855,000 |
| Dec 31, 2022 | Annual | CNY | 1,362,597,000 | 51,182,457,000 | 97,849,083,000 | 466,287,000 |
| Dec 31, 2021 | Annual | CNY | 36,081,362,000 | 49,819,860,000 | 44,083,278,000 | 116,389,000 |
| Dec 31, 2020 | Annual | CNY | 2,064,201,000 | 13,738,498,000 | 21,399,197,000 | 74,297,000 |
| Dec 31, 2019 | Annual | CNY | 523,240,000 | 11,674,297,000 | -1,720,983,000 | Not reported |
| Dec 31, 2018 | Annual | CNY | 2,215,103,000 | 11,151,057,000 | -4,360,512,000 | Not reported |
| Dec 31, 2017 | Annual | CNY | 1,577,360,000 | 8,935,954,000 | -8,361,541,000 | Not reported |
| Dec 31, 2016 | Annual | CNY | 1,079,063,000 | 7,358,594,000 | -17,394,544,000 | Not reported |
Balance Sheet, Liquidity & Leverage
Balance Sheet
Capital Structure
Read the long-term funding picture from the history chart and the latest leverage mix together.
Balance Sheet and Liquidity Strength
AI Review
The company maintains a massive asset base of CNY 890 billion supported by CNY 228 billion in equity. While headline cash reserves appear solid, the balance sheet relies heavily on supplier trade payables to fund operations, which keeps the current ratio at 0.79 and quick ratio at 0.48. This working-capital setup is typical for large automakers, but it creates vulnerability if car sales slow down or suppliers demand faster payment. Nevertheless, comfortable interest coverage of nearly eight times and strong domestic banking credit provide sufficient defensive cushion to navigate international expansion safely.
The company maintains a massive asset base of CNY 890 billion supported by CNY 228 billion in equity. While headline cash reserves appear solid, the balance sheet relies heavily on supplier trade payables to fund operations, which keeps the current ratio at 0.79 and quick ratio at 0.48. This working-capital setup is typical for large automakers, but it creates vulnerability if car sales slow down or suppliers demand faster payment. Nevertheless, comfortable interest coverage of nearly eight times and strong domestic banking credit provide sufficient defensive cushion to navigate international expansion safely.
Assets, Debt, and Stockholder Equity
Latest: CNY 890.3B | Max: CNY 890.3B | Min: CNY 3.4B
Debt / Equity
0.7x (Medium)
Moderate leverage.
Equity Ratio
25.6% (Medium)
Stockholder equity / total assets
Liability Ratio
73.1% (High)
Total liabilities / total assets
Long-term vs Short Term Debt Share
LT: 39.7% | ST: 60.3% (Low)
Long-term debt / total debt
Tangibility Ratio
41.2% (High)
Asset base leans physical.
Liquidity and Leverage
Keep the liquidity stack and the latest coverage ratios under one shared heading.
Liquidity Stack: Nested CompositioniCash: cash and equivalents only. Liquidity (default outer bar): cash + short term holdings. All Holdings (optional outer shell): broad balance-sheet holdings proxy from total assets (fallback total investments), used for context and not a cash-like measure.
All Holdings
CNY 890.3B
Broad balance-sheet holdings proxy for context
Cash + Short Term Holdings
CNY 139.2B
Primary total liquidity figure (cash and equivalents + short term holdings)
Cash (Standalone)
CNY 75.5B
Cash and equivalents only; excludes short term investments
Short Term Investments
CNY 63.7B
Treasury-like liquid holdings and similar instruments
Current Ratio
0.8x (Low)
Short term liquidity may be stretched.i
Quick Ratio
0.5x (Low)
Short term liquidity may be stretched.i
Retained Earnings
Cumulative profits kept in the business after dividends, buybacks, and other equity distributions.
Retained EarningsiRetained earnings are cumulative profits kept in the company after shareholder distributions. Negative values can reflect large buybacks, dividends, or accumulated losses exceeding retained profits.
Latest: CNY 116.1B
Retained Earnings
CNY 116.1B
Negative can reflect buybacks, dividends, or losses exceeding cumulative retained profits.
Source tablesView balance sheet, liquidity & leverage tables
Dataset curated by iPulse AI and published by Future Edge Group FZE. Source: eodhd. Reported records retain their source currencies; chart transformations and ratios are calculated separately. Use is subject to the iPulse AI Terms of Service and applicable source rights.
Reported financial history
Annual and quarterly source records are ordered newest first. The document limits each statement to 10 annual and 12 quarterly periods to keep the page focused and crawlable.
Balance sheet history
Liquidity and current assets (1 of 4)
| Period | Period type | Currency | Cash | Short Term Investments | Net Receivables | Inventory | Total Current Assets | Property Plant And Equipment Net |
|---|---|---|---|---|---|---|---|---|
| Jun 30, 2026 | Quarterly | CNY | 58,727,111,000 | 79,033,263,000 | 94,714,548,000 | 189,955,981,000 | 435,513,725,000 | 353,342,170,000 |
| Mar 31, 2026 | Quarterly | CNY | 75,786,508,000 | 53,754,642,000 | 52,745,336,000 | 160,413,531,000 | 395,764,930,000 | 348,722,715,000 |
| Dec 31, 2025 | Annual | CNY | 75,457,016,000 | 63,739,363,000 | 84,511,735,000 | 138,479,800,000 | 371,626,481,000 | 366,411,804,000 |
| Dec 31, 2025 | Quarterly | CNY | 75,457,016,000 | 63,739,363,000 | 84,511,735,000 | 138,479,800,000 | 371,626,481,000 | 366,411,804,000 |
| Sep 30, 2025 | Quarterly | CNY | 119,722,000,000 | 55,523,000,000 | 51,769,000,000 | 152,970,000,000 | 430,184,000,000 | 334,307,000,000 |
| Jun 30, 2025 | Quarterly | CNY | 111,734,283,000 | 35,694,505,000 | 43,381,542,000 | 140,839,351,000 | 390,635,460,000 | 326,066,839,000 |
| Mar 31, 2025 | Quarterly | CNY | 117,406,726,000 | 35,984,229,000 | 64,040,708,000 | 154,373,616,000 | 409,994,229,000 | 305,730,438,000 |
| Dec 31, 2024 | Annual | CNY | 102,738,734,000 | 40,511,496,000 | 78,167,997,000 | 116,036,237,000 | 370,572,244,000 | 292,816,717,000 |
| Dec 31, 2024 | Quarterly | CNY | 102,738,734,000 | 40,511,496,000 | 78,167,997,000 | 116,036,237,000 | 370,572,244,000 | 292,816,717,000 |
| Sep 30, 2024 | Quarterly | CNY | 66,319,375,000 | 25,415,146,000 | 113,309,383,000 | 124,358,648,000 | 362,098,716,000 | 290,618,745,000 |
| Jun 30, 2024 | Quarterly | CNY | 53,053,301,000 | 17,388,054,000 | 85,325,469,000 | 112,753,013,000 | 298,431,610,000 | 283,474,599,000 |
| Mar 31, 2024 | Quarterly | CNY | 86,796,529,000 | 9,384,994,000 | 73,219,042,000 | 98,778,886,000 | 292,893,774,000 | 281,410,121,000 |
| Dec 31, 2023 | Annual | CNY | 109,094,408,000 | 9,562,550,000 | 72,849,174,000 | 87,676,748,000 | 302,121,446,000 | 275,308,972,000 |
| Dec 31, 2023 | Quarterly | CNY | 109,094,408,000 | 9,562,550,000 | 72,849,174,000 | 87,676,748,000 | 302,121,446,000 | 275,308,972,000 |
| Sep 30, 2023 | Quarterly | CNY | 55,759,753,000 | 10,611,806,000 | 91,741,387,000 | 92,711,639,000 | 275,133,017,000 | 253,110,875,000 |
| Dec 31, 2022 | Annual | CNY | 51,471,263,000 | 20,626,930,000 | 67,185,785,000 | 79,107,199,000 | 240,803,507,000 | 179,639,631,000 |
| Dec 31, 2021 | Annual | CNY | 50,457,097,000 | 5,606,052,000 | 54,898,539,000 | 43,354,782,000 | 166,110,189,000 | 83,071,906,000 |
| Dec 31, 2020 | Annual | CNY | 14,445,030,000 | 24,000 | 56,475,558,000 | 31,396,358,000 | 111,605,110,000 | 61,642,132,000 |
| Dec 31, 2019 | Annual | CNY | 12,650,083,000 | 34,345,000 | 59,530,270,000 | 25,571,564,000 | 106,966,605,000 | 60,848,697,000 |
| Dec 31, 2018 | Annual | CNY | 13,052,095,000 | 451,000 | 64,367,223,000 | 26,330,345,000 | 115,210,575,000 | 53,968,234,000 |
| Dec 31, 2017 | Annual | CNY | 9,902,690,000 | 1,095,000 | 52,289,314,000 | 19,872,804,000 | 102,236,384,000 | 50,980,724,000 |
| Dec 31, 2016 | Annual | CNY | 7,693,666,000 | 247,360,000 | 48,693,595,000 | 17,378,439,000 | 78,240,081,000 | 46,440,156,000 |
Long-term assets (2 of 4)
| Period | Period type | Currency | Good Will | Intangible Assets | Total Assets | Accounts Payable | Short Term Debt | Total Current Liabilities |
|---|---|---|---|---|---|---|---|---|
| Jun 30, 2026 | Quarterly | CNY | 4,426,760,000 | 52,167,540,000 | 946,180,475,000 | 176,323,727,000 | 99,516,071,000 | 500,283,687,000 |
| Mar 31, 2026 | Quarterly | CNY | 4,427,571,000 | 49,674,615,000 | 902,076,965,000 | 212,932,255,000 | 66,296,294,000 | 485,362,254,000 |
| Dec 31, 2025 | Annual | CNY | 4,429,465,000 | 47,476,844,000 | 890,306,461,000 | 186,822,268,000 | 72,322,630,000 | 468,651,772,000 |
| Dec 31, 2025 | Quarterly | CNY | 4,429,465,000 | 47,476,844,000 | 890,306,461,000 | 186,822,268,000 | 72,322,630,000 | 468,651,772,000 |
| Sep 30, 2025 | Quarterly | CNY | 4,427,000,000 | 44,471,000,000 | 901,905,000,000 | 222,789,000,000 | 24,104,000,000 | 494,281,000,000 |
| Jun 30, 2025 | Quarterly | CNY | 4,427,571,000 | 42,854,510,000 | 846,342,643,000 | 236,685,631,000 | 16,107,126,000 | 513,355,792,000 |
| Mar 31, 2025 | Quarterly | CNY | 4,427,571,000 | 41,003,945,000 | 840,527,145,000 | 252,662,426,000 | 13,144,785,000 | 505,797,075,000 |
| Dec 31, 2024 | Annual | CNY | 4,427,571,000 | 38,931,963,000 | 783,355,855,000 | 244,027,420,000 | 12,103,272,000 | 495,985,176,000 |
| Dec 31, 2024 | Quarterly | CNY | 4,427,571,000 | 38,931,963,000 | 783,355,855,000 | 244,027,420,000 | 12,103,272,000 | 495,985,176,000 |
| Sep 30, 2024 | Quarterly | CNY | 4,427,571,000 | 37,476,013,000 | 764,259,515,000 | 240,460,153,000 | 20,551,154,000 | 512,091,875,000 |
| Jun 30, 2024 | Quarterly | CNY | 4,427,571,000 | 37,102,403,000 | 686,244,710,000 | 209,776,503,000 | 10,048,017,000 | 452,742,803,000 |
| Mar 31, 2024 | Quarterly | CNY | 4,427,571,000 | 37,595,593,000 | 677,783,621,000 | 199,443,236,000 | 13,718,585,000 | 444,080,698,000 |
| Dec 31, 2023 | Annual | CNY | 4,427,571,000 | 37,236,261,000 | 679,547,670,000 | 198,483,131,000 | 18,323,216,000 | 453,666,671,000 |
| Dec 31, 2023 | Quarterly | CNY | 4,427,571,000 | 37,777,261,000 | 679,547,670,000 | 198,483,131,000 | 18,323,216,000 | 453,666,671,000 |
| Sep 30, 2023 | Quarterly | CNY | 65,914,000 | 32,236,546,000 | 623,283,496,000 | 185,665,281,000 | 10,098,226,000 | 419,276,686,000 |
| Dec 31, 2022 | Annual | CNY | 65,914,000 | 24,906,497,000 | 493,860,646,000 | 143,765,729,000 | 5,153,098,000 | 333,344,561,000 |
| Dec 31, 2021 | Annual | CNY | 65,914,000 | 19,709,973,000 | 295,780,147,000 | 80,491,626,000 | 10,204,358,000 | 171,303,944,000 |
| Dec 31, 2020 | Annual | CNY | 65,914,000 | 16,689,882,000 | 201,017,321,000 | 51,908,304,000 | 16,400,690,000 | 106,430,696,000 |
| Dec 31, 2019 | Annual | CNY | 65,914,000 | 18,398,159,000 | 195,641,593,000 | 36,168,168,000 | 40,332,365,000 | 108,028,947,000 |
| Dec 31, 2018 | Annual | CNY | 65,914,000 | 16,698,461,000 | 195,176,908,000 | 46,282,887,000 | 37,788,977,000 | 116,773,226,000 |
| Dec 31, 2017 | Annual | CNY | 65,914,000 | 14,199,119,000 | 177,648,229,000 | 40,273,599,000 | 35,774,916,000 | 104,996,936,000 |
| Dec 31, 2016 | Annual | CNY | 65,914,000 | 12,055,571,000 | 145,070,778,000 | 35,243,610,000 | 25,009,611,000 | 78,317,604,000 |
Liabilities and debt (3 of 4)
| Period | Period type | Currency | Long Term Debt | Short Long Term Debt Total | Total Liab | Retained Earnings | Total Stockholder Equity | Common Stock Shares Outstanding |
|---|---|---|---|---|---|---|---|---|
| Jun 30, 2026 | Quarterly | CNY | 76,195,046,000 | 205,149,084,000 | 693,702,763,000 | 125,095,967,000 | 239,927,627,000 | 9,106,483,000 |
| Mar 31, 2026 | Quarterly | CNY | 65,568,542,000 | 140,399,409,000 | 639,956,542,000 | 120,141,979,000 | 249,916,729,000 | 9,117,301,000 |
| Dec 31, 2025 | Annual | CNY | 65,703,479,000 | 165,420,393,000 | 650,398,665,000 | 116,107,080,000 | 227,637,969,000 | 9,026,249,000 |
| Dec 31, 2025 | Quarterly | CNY | 65,703,479,000 | 165,420,393,000 | 650,398,665,000 | 116,107,080,000 | 227,637,969,000 | 9,026,249,000 |
| Sep 30, 2025 | Quarterly | CNY | 66,195,842,000 | 124,861,000,000 | 669,168,000,000 | 107,185,000,000 | 219,854,000,000 | 9,117,198,000 |
| Jun 30, 2025 | Quarterly | CNY | 5,496,374,000 | 30,610,373,000 | 601,592,451,000 | 102,004,934,000 | 232,166,363,000 | 9,117,197,565 |
| Mar 31, 2025 | Quarterly | CNY | 6,339,145,000 | 29,127,022,000 | 594,365,580,000 | 107,874,344,000 | 233,361,322,000 | 8,802,870,192 |
| Dec 31, 2024 | Annual | CNY | 8,257,786,000 | 30,237,025,000 | 584,667,646,000 | 98,647,794,000 | 185,251,104,000 | 8,716,224,414 |
| Dec 31, 2024 | Quarterly | CNY | 17,119,374,000 | 30,237,025,000 | 584,667,646,000 | 98,647,794,000 | 185,251,104,000 | 8,716,224,414 |
| Sep 30, 2024 | Quarterly | CNY | 9,799,136,000 | 39,615,534,000 | 595,456,788,000 | 83,349,594,000 | 155,462,393,000 | 8,716,224,414 |
| Jun 30, 2024 | Quarterly | CNY | 11,305,318,000 | 30,710,691,000 | 531,633,632,000 | 71,742,986,000 | 142,787,204,000 | 8,716,224,414 |
| Mar 31, 2024 | Quarterly | CNY | 13,995,641,000 | 36,813,357,000 | 522,836,586,000 | 71,692,765,000 | 143,090,246,000 | 8,730,177,708 |
| Dec 31, 2023 | Annual | CNY | 11,975,139,000 | 39,145,541,000 | 529,085,557,000 | 67,123,972,000 | 138,810,065,000 | 8,724,366,000 |
| Dec 31, 2023 | Quarterly | CNY | 11,975,139,000 | 39,145,541,000 | 529,085,557,000 | 67,123,972,000 | 138,810,065,000 | 8,733,917,880 |
| Sep 30, 2023 | Quarterly | CNY | 9,260,844,000 | 22,598,099,000 | 482,216,639,000 | 58,985,603,000 | 129,855,730,000 | 8,729,754,120 |
| Dec 31, 2022 | Annual | CNY | 7,593,596,000 | 15,363,968,000 | 372,470,809,000 | 40,943,232,000 | 111,029,299,000 | 8,733,335,202 |
| Dec 31, 2021 | Annual | CNY | 10,789,958,000 | 22,409,607,000 | 191,535,938,000 | 26,455,907,000 | 95,069,671,000 | 8,618,456,604 |
| Dec 31, 2020 | Annual | CNY | 23,625,954,000 | 40,869,930,000 | 136,563,409,000 | 24,456,556,000 | 56,874,274,000 | 8,184,428,565 |
| Dec 31, 2019 | Annual | CNY | 21,916,487,000 | 62,797,532,000 | 133,040,173,000 | 21,056,234,000 | 56,762,289,000 | 8,184,428,565 |
| Dec 31, 2018 | Annual | CNY | 13,924,380,000 | 52,078,183,000 | 134,446,175,000 | 20,498,233,000 | 55,198,289,000 | 8,968,367,742 |
| Dec 31, 2017 | Annual | CNY | 10,862,346,000 | 46,637,262,000 | 118,141,943,000 | 18,786,485,000 | 54,552,993,000 | 8,713,881,429 |
| Dec 31, 2016 | Annual | CNY | 9,338,520,000 | 34,348,131,000 | 89,661,415,000 | 16,238,160,000 | 51,255,929,000 | 8,061,947,871 |
Equity and additional facts (4 of 4)
| Period | Period type | Currency | Net Debt | Net Working Capital | Long Term Investments |
|---|---|---|---|---|---|
| Jun 30, 2026 | Quarterly | CNY | 146,421,973,000 | -64,781,825,000 | Not reported |
| Mar 31, 2026 | Quarterly | CNY | 64,612,901,000 | -89,597,324,000 | Not reported |
| Dec 31, 2025 | Annual | CNY | 89,963,377,000 | -96,983,799,000 | Not reported |
| Dec 31, 2025 | Quarterly | CNY | 89,963,377,000 | -96,983,799,000 | Not reported |
| Sep 30, 2025 | Quarterly | CNY | 5,139,000,000 | Not reported | Not reported |
| Jun 30, 2025 | Quarterly | CNY | -81,123,910,000 | -122,720,332,000 | Not reported |
| Mar 31, 2025 | Quarterly | CNY | -88,279,704,000 | -95,802,846,000 | Not reported |
| Dec 31, 2024 | Annual | CNY | -72,501,709,000 | -125,412,932,000 | Not reported |
| Dec 31, 2024 | Quarterly | CNY | -72,501,709,000 | -125,412,932,000 | Not reported |
| Sep 30, 2024 | Quarterly | CNY | -26,703,841,000 | -149,993,159,000 | Not reported |
| Jun 30, 2024 | Quarterly | CNY | -22,342,610,000 | -154,311,193,000 | Not reported |
| Mar 31, 2024 | Quarterly | CNY | -49,983,172,000 | -151,186,924,000 | Not reported |
| Dec 31, 2023 | Annual | CNY | -69,948,867,000 | -151,545,225,000 | Not reported |
| Dec 31, 2023 | Quarterly | CNY | -69,948,867,000 | -151,545,225,000 | Not reported |
| Sep 30, 2023 | Quarterly | CNY | -33,161,654,000 | -144,143,669,000 | Not reported |
| Dec 31, 2022 | Annual | CNY | -36,107,295,000 | -92,541,054,000 | Not reported |
| Dec 31, 2021 | Annual | CNY | -28,047,490,000 | -5,193,755,000 | Not reported |
| Dec 31, 2020 | Annual | CNY | 25,581,614,000 | 5,174,414,000 | Not reported |
| Dec 31, 2019 | Annual | CNY | 49,598,769,000 | -1,062,342,000 | Not reported |
| Dec 31, 2018 | Annual | CNY | 39,026,088,000 | -1,358,400,000 | 5,265,358,000 |
| Dec 31, 2017 | Annual | CNY | 36,734,572,000 | -2,312,544,000 | 7,250,371,000 |
| Dec 31, 2016 | Annual | CNY | 26,654,465,000 | Not reported | 5,469,996,000 |
Dividends, Buybacks & Corporate Actions
Dividends & Actions
Cash Dividends PaidiCash used for dividends in the statement of cash flows. Values are shown as positive outflows.
Latest: CNY 14.1B
Dividend KPIs
Yield uses trailing 12 months. Payout and cash coverage use Latest FY 2025.
Dividend Yield
1.10%
Trailing 12M gross cash yield
Net Dividend Yield
1.10%
Trailing 12M after 0% tax
Dividend Payout Ratio
44.5%
Latest FY 2025: dividends paid / net income
Dividend Cash Coverage
4.1x
Latest FY 2025: operating cash flow / dividends paid
Dividend Growth CAGR 5Y
-5.2%
5-year annual dividend/share growth
Dividend Growth CAGR 10Y
-10.6%
10-year annual dividend/share growth
Total Dividends Paid
CNY 60.0B
Available annual history (up to 20 fiscal years)
Buybacks / IssuanceiCash-flow line for share repurchases and issuance. Negative values usually represent buyback cash outflows; positive values usually represent issuance.
Latest: CNY 40.1B
Buyback & Combined Return KPIs
Buyback intensity uses Latest FY 2025 repurchases against the latest market cap. Shareholder yield combines that basis with trailing-12-month dividends.
Buyback Intensity
0.0%
Latest FY 2025 buybacks / latest market cap
Shareholder Yield
1.1%
Trailing 12M dividend yield + Latest FY 2025 buyback intensity
Total Buybacks
CNY 9.8B
Available annual history (up to 20 fiscal years)
Splits History
3 split records loaded
Forward split
Forward split
Forward split
Source tablesView dividends, buybacks & corporate actions tables
Dataset curated by iPulse AI and published by Future Edge Group FZE. Source: eodhd. Reported records retain their source currencies; chart transformations and ratios are calculated separately. Use is subject to the iPulse AI Terms of Service and applicable source rights.
Dividends and corporate actions
Dividend history
| Ex-date | Amount | Declaration date | Payment date |
|---|---|---|---|
| Jun 11, 2026 | 0.414 HKD | Not available | Not available |
| Jun 11, 2026 | 0.4114 HKD | Not available | Not available |
| Jun 10, 2025 | 26.0158 HKD | Not available | Not available |
| Jun 11, 2024 | 20.4365 HKD | Mar 26, 2024 | Jul 29, 2024 |
| Jun 13, 2023 | 7.5611 HKD | Mar 28, 2023 | Jul 28, 2023 |
| Jun 13, 2022 | 0.7407 HKD | Mar 29, 2022 | Jul 29, 2022 |
| Jun 10, 2021 | 1.0793 HKD | Mar 29, 2021 | Aug 6, 2021 |
| Jun 26, 2020 | 0.3937 HKD | Apr 21, 2020 | Aug 18, 2020 |
| Jun 11, 2019 | 1.393 HKD | Mar 27, 2019 | Jul 26, 2019 |
| Jun 22, 2018 | 1.0348 HKD | Mar 27, 2018 | Aug 17, 2018 |
| Jun 8, 2017 | 1.2186 HKD | Mar 28, 2017 | Aug 4, 2017 |
| Nov 3, 2016 | 2.5213 HKD | Aug 26, 2016 | Dec 13, 2016 |
| Jul 2, 2014 | 0.3778 HKD | Mar 19, 2014 | Aug 13, 2014 |
| Apr 9, 2010 | 2.1785 HKD | Mar 14, 2010 | Jun 10, 2010 |
| Mar 31, 2010 | 2.1785 HKD | Not available | Not available |
| Feb 15, 2008 | 32.6131 HKD | Jan 28, 2008 | Apr 18, 2008 |
| May 8, 2007 | 2.6409 HKD | Mar 19, 2007 | Jul 5, 2007 |
| Apr 14, 2005 | 3.8092 HKD | Mar 24, 2005 | Jun 22, 2005 |
| Mar 11, 2004 | 3.3803 HKD | Feb 20, 2004 | May 21, 2004 |
| Mar 6, 2003 | 1.8748 HKD | Feb 14, 2003 | May 16, 2003 |
Split history
| Effective date | New shares | Old shares |
|---|---|---|
| Jul 30, 2025 | 6 | 1 |
| Jun 10, 2025 | 30 | 10 |
| Feb 15, 2008 | 38 | 10 |