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1、COMPANY PROFILE公司簡介BYD Company Limited(“BYD”or“the Company”,together with its subsidiaries,“the Group”;stock code:H shares:01211(HKD counter);81211(RMB counter);A shares:002594)is principally engaged in automobile business which mainly includes new energy vehicles,handset components and assembly ser
2、vices,rechargeable batteries and photovoltaics business.Meanwhile,with its technological superiority,the Group actively develops urban rail transportation business segment.As a pioneer and leader in the global new energy vehicle industry,relying on its strong technological accumulation in the fields
3、 of power batteries,motors and electronic control and through continuous technological innovation,the Group has developed its long-term and sustainable core competitive advantages which established the leading position of the Group in the global new energy vehicle industry and accelerated the transf
4、ormation and upgrade of the global automobile industry.BYD is one of the leading rechargeable battery manufacturers in the global arena.As to the field of consumer batteries,the Groups li-ion batteries are widely used in various consumer electronics products and new intelligent products,major client
5、s of which include leading consumer electronics manufacturers such as Samsung and Dell,as well as global leading professional robot brands such as Ecovacs.As to the field of power batteries,the Group has developed“Blade Batteries”,the highly safe LFP batteries,to better meet the urgent demand of saf
6、ety in the market,and to speed up the pace of LFP batteries returning to the mainstream market of power batteries.As to the field of energy storage batteries,the Group focuses on applications such as power grid energy storage,industrial and commercial energy storage and household energy storage to p
7、rovide cleaner and more sustainable energy storage solutions to customers.As an important move of the Group in the field of clean energy,the photovoltaics business has a complete industrial chain layout covering silicon wafer,solar cells,photovoltaic modules and photovoltaic system application,etc.I
8、t connects all processes from energy collection,storage to application.The Group will proactively develop new technologies to promote the continuous upgrade of its products.As a global leading high-end platform-based manufacturing enterprise,the Group provides world-renowned customers with one-stop
9、services including new materials development,product design,research and development,components and machine manufacturing,supply chain management,logistics,after-sales and other etc.The Group engages in diversified market segments,such as smart phones,tablet computers,smart home devices,game hardwar
10、e,drones,Internet of Things,robots,communication equipment and medical and health equipment.The competence of the Company in highly vertical integration enhances its ability to provide customers with a full range of services,and quickly and efficiently respond to changing demands.Urban rail transpor
11、tation business is an important area for the Groups future development.With its technology and cost advantages in the area of new energy,the Group has successfully developed medium-capacity“SkyRail”and low-capacity“SkyShuttle”with high efficiency and low cost,which,together with new energy vehicles,
12、achieves the three-dimensional coverage of urban public transportation,and drives the long-term and sustainable development of the Group while helping alleviate urban traffic jam and air pollution.比亞迪股份有限公司(比亞迪 或 本公司,連同其附屬公司統稱 本集團 或 集團;股份代號:H股:01211(港幣櫃台);81211(人民幣櫃台);A股:002594)主要從事以新能源汽車為主的汽車業務、手機部
13、件及組裝業務,二次充電電池及光伏業務,同時利用自身的技術優勢積極拓展城市軌道交通業務領域。作為全球新能源汽車行業先行者和領導者,集團憑藉在動力電池、電機、電控等領域的雄厚技術積累,通過技術的持續創新,打造出長期、可持續的核心競爭優勢,奠定了本集團於全球新能源汽車行業的領導地位,加速推動全球汽車產業轉型升級進程。本集團為全球領先的二次充電電池製造商之一。消費類電池領域,本集團生產的鋰離子電池廣泛應用於各類消費類電子產品及新型智能產品領域,主要客戶包括三星、Dell等消費類電子產品領導廠商,以及科沃斯等全球領先的機器人專業智造品牌廠商。動力電池領域,本集團開發了高度安全的磷酸鐵鋰電池 刀片電池,更
14、好解決市場安全痛點,加速磷酸鐵鋰電池重回動力電池主流賽道。儲能電池領域,本集團在電網儲能、工商業儲能、家庭儲能等應用領域發力,為客戶提供更加清潔可持續的儲能解決方案。光伏業務作為本集團在清潔能源領域的重要佈局之一,擁有矽片、電池片、光伏組件、光伏系統應用等全產業鏈佈局,打通能源從吸收、存儲到應用的各個環節。本集團將積極佈局新技術,推動產品不斷升級。作為全球領先的平台型高端製造龍頭廠商,本集團為全球知名客戶提供新材料開發、產品設計與研發、零組件及整機製造、供應鏈管理、物流及售後等一站式服務,產品涵蓋智能手機、平板電腦、智能家居、遊戲硬件、無人機、物聯網、機器人、通信設備、醫療健康設備等多元化的市
15、場領域,公司的高度垂直整合能力使得公司可以為客戶提供全面的服務,更快和更有效率地回應市場不斷變化的需求。城市軌道交通業務是本集團未來發展的戰略方向之一。憑藉在新能源業務領域業已建立的技術和成本優勢,集團成功研發出高效率、低成本的中運量 雲軌 和低運量 雲巴 產品,配合新能源汽車實現對城市公共交通的立體化覆蓋,在幫助城市解決交通擁堵和空氣污染的同時,實現集團的長遠及可持續發展。CONTENTS目錄2Corporate Information公司資料4Financial Highlights財務摘要5Management Discussion and Analysis管理層討論及分析37Conso
16、lidated Balance Sheet合併資產負債表40Consolidated Income Statement合併利潤表43Consolidated Statement of Changes in Owners Equity合併股東權益變動表45Consolidated Cash Flow Statement合併現金流量表48Notes to Financial Statements財務報表附註2BYD Company Limited比亞迪股份有限公司CORPORATE INFORMATION公司資料EXECUTIVE DIRECTORWang Chuan-fuNON-EXECUTIV
17、E DIRECTORSLv Xiang-yang Xia Zuo-quanINDEPENDENT NON-EXECUTIVE DIRECTORSCai Hong-ping Zhang Min Jiang Yan-boSUPERVISORSDong Jun-qing Li Yong-zhao Wang ZhenTang MeiHuang Jiang-fengCOMPANY SECRETARYLi QianAUDIT COMMITTEELv Xiang-yangZhang Min(Chairman)Cai Hong-pingJiang Yan-boREMUNERATION COMMITTEEWan
18、g Chuan-fu Xia Zuo-quanCai Hong-ping(Chairman)Zhang MinJiang Yan-boNOMINATION COMMITTEEWang Chuan-fu Lv Xiang-yangJiang Yan-bo(Chairman)Cai Hong-pingZhang MinSTRATEGY COMMITTEEWang Chuan-fu(Chairman)Lv Xiang-yangXia Zuo-quan Cai Hong-ping Zhang Min執行董事王傳福非執行董事呂向陽夏佐全獨立非執行董事蔡洪平張敏蔣岩波監事董俊卿李永釗王珍唐梅黃江鋒公司秘書
19、李黔審核委員會呂向陽張敏(主席)蔡洪平蔣岩波薪酬委員會王傳福夏佐全蔡洪平(主席)張敏蔣岩波提名委員會王傳福呂向陽蔣岩波(主席)蔡洪平張敏戰略委員會王傳褔(主席)呂向陽夏佐全蔡洪平張敏3Interim Report 2023二零二三年中期報告CORPORATE INFORMATION公司資料授權代表王傳福李黔法定地址中國廣東省深圳市大鵬新區葵涌街道延安路一號核數師安永華明會計師事務所(特殊普通合夥)香港營業地點香港新界沙田鄉事會路138號新城市中央廣場二期17樓1712室香港股份過戶登記處 香港中央證券登記有限公司香港灣仔皇后大道東183號合和中心17樓17121716號鋪投資者及傳媒關係顧問i
20、PR奧美公關電話:(852)2136 6185傳真:(852)3170 6606電郵:公司網址股票代碼H股:01211(港幣櫃台);81211(人民幣櫃台)(香港聯合交易所有限公司(香港聯交所)A股:002594(深圳證券交易所(深交所)AUTHORISED REPRESENTATIVESWang Chuan-fu Li QianLEGAL ADDRESSNo.1 Yanan Road Kuichong Sub-district Dapeng New District Shenzhen Guangdong Province The PRCAUDITORSErnst&Young Hua Ming
21、 LLPPLACE OF BUSINESS IN HONG KONGUnit 1712,17th FloorTower 2 Grand Central PlazaNo.138 Shatin Rural Committee Road New TerritoriesHong KongHONG KONG SHARE REGISTRAR AND TRANSFER OFFICEComputershare Hong Kong Investor Services Limited Shops 1712171617th Floor Hopewell Centre183 Queens Road East Wanc
22、haiHong KongINVESTOR AND MEDIA RELATIONS CONSULTANTiPR Ogilvy Ltd.Tel:(852)2136 6185Fax:(852)3170 6606Email:WEBSITESTOCK CODEH Shares:01211(HKD counter);81211(RMB counter)(The Stock Exchange of Hong Kong Limited(“Hong Kong Stock Exchange”)A Shares:002594(Shenzhen Stock Exchange(“SZSE”)4BYD Company L
23、imited比亞迪股份有限公司FINANCIAL HIGHLIGHTS財務摘要INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2023(THE PERIOD)Turnover72.72%to RMB260,124 million營業額至人民幣260,124百萬元 Gross profit134.36%to RMB47,673 million毛利至人民幣47,673百萬元 Profit attributable to owners of the parent204.68%to RMB10,954 million母公司擁有人應佔溢利至人民幣10,9
24、54百萬元 Earnings per share204.03%to RMB3.77每股盈利至人民幣3.77元 HIGHLIGHTS1.The sales of the Companys new energy vehicles continued to rank first in the world with increasing market share and expanding brand influence.2.Technical innovation boosted product development and improved multi-brand hierarchical de
25、ployment,which has brought the Companys new energy vehicle business to a new level.3.The Company accelerated its expansion in overseas markets and speeded up the development of its new energy passenger vehicle business in overseas markets,so as to further expand market space.4.In terms of electronic
26、s business,the Company deepened its cooperation with major overseas customers,actively expanded into new business segments and kept optimizing product structure.5.With improving brand strength,expanding scale advantage and strong ability to control industrial chain cost,the Company has effectively d
27、ealt with intensified industrial competition and challenges brought by the withdrawal of new energy vehicle subsidies.截至二零二三年六月三十日止六個月中期業績(期內)摘要1.公司新能源汽車繼續保持全球銷量第一,市佔率進一步提升,品牌影響力持續擴大。2.技術創新賦能產品,完善多品牌梯度佈局,為公司新能源汽車業務打造新高度。3.加速海外市場開拓,加快新能源乘用車業務出海,進一步拓展市場空間。4.電子業務加深與海外大客戶的合作,積極拓展業務領域,不斷優化產品結構。5.憑藉品牌力的不斷
28、提升、持續擴大的規模優勢和強大的產業鏈成本控制能力,有效應對行業競爭加劇及新能源汽車補貼取消帶來的挑戰。5Interim Report 2023二零二三年中期報告MANAGEMENT DISCUSSION AND ANALYSIS管理層討論及分析INDUSTRY ANALYSIS AND REVIEWAutomobiles and Batteries BusinessIn the first half of 2023,the political and economic situation across the world remained complex.Central banks of v
29、arious countries continued their policy of raising interest rates to combat inflationary pressures,which exerted a certain degree of suppression on economic activities.Clouded with uncertainties such as the Russia-Ukraine conflict and extreme high-temperature weather,the recovery progress of the glo
30、bal economy remained uncertain.Despite the complexity and severity of the international environment,Chinas economy still demonstrated strong resilience,with market demand gradually recovering,macro policies showing their effectiveness,and the national economy maintaining a recovery and positive tren
31、d.Although the“triple pressures”of shrinking demand,supply shock and weakening expectations have been alleviated,the market enthusiasm and endogenous momentum of economic growth are still insufficient.According to the data released by the National Bureau of Statistics,the GDP in the first half of 20
32、23 achieved a year-on-year increase of 5.5%.行業分析及回顧汽車及電池業務二零二三年上半年,世界政治經濟形勢仍舊錯綜複雜。各國央行為對抗通脹壓力,延續加息政策,對經濟活動產生一定壓制。在俄烏衝突、極端高溫天氣等不確定因素籠罩下,全球經濟的復甦進程仍不明朗。儘管國際環境複雜嚴峻,中國經濟仍展現出強大的韌性,市場需求逐步恢復,宏觀政策顯效發力,國民經濟恢復向好。雖然需求收縮、供給衝擊和預期轉弱的 三重壓力 得到緩解,但市場積極性和經濟增長的內生動力仍顯不足。根據國家統計局公佈的數據,二零二三年上半年國內生產總值實現同比增長5.5%。6BYD Company
33、 Limited比亞迪股份有限公司MANAGEMENT DISCUSSION AND ANALYSIS管理層討論及分析In the first half of the year,Chinas automobile market experienced the combined impact of factors such as the changes in promotional policy and market price fluctuations in the first quarter,demand has been suppressed.With the clarification
34、of central and local policies to promote consumption and the China VI Emissions Standard for Vehicles,coupled with the successive launch of highly competitive new models,market demand gradually recovered.According to the statistics from the China Association of Automobile Manufacturers,the productio
35、n and sales volume of automobiles in China were 13.248 million units and 13.239 million units in the first half of 2023,respectively,representing a year-on-year increase of 9.3%and 9.8%,respectively.In particular,the growth of new energy vehicles remained outstanding and achieved a record high,with
36、its production and sales volume amounting to 3.788 million units and 3.747 million units,respectively,representing a year-on-year increase of 42.4%and 44.1%,respectively,and its penetration rate rising steadily to 28.3%,representing an increase of 2.7 percentage points as compared to 2022.During the
37、 first half of 2023,Chinese automakers capitalized on the shift towards electrified,intelligent and networked vehicles,emerging as strong competitors in a fierce market.They rapidly increased their brand influence and achieved breakthroughs in premiumization.The competitiveness of Chinese local bran
38、ds has been driven to transform from“quantitative change”to“qualitative change”,and has entered a new stage of internationalized development.According to the statistics from the General Administration of Customs of the Peoples Republic of China consolidated by the China Association of Automobile Man
39、ufacturers,in the first half of 2023,Chinas auto exports amounted to 2.341 million units,representing a year-on-year increase of 76.9%,surpassing Japan to become the worlds largest automobile exporter.In particular,795 thousand units of new energy vehicles were exported,representing a year-on-year i
40、ncrease of 1.2 times.On top of industrialization and marketization,the new energy vehicle business is gradually stepping into a new stage of high-quality development on a large scale and globalization basis.上半年,中國汽車市場經歷了一季度促銷政策切換和市場價格波動等因素的影響,需求受到壓制。隨着中央和地方促消費政策、汽車國六排放標準等政策逐一明確,叠加極具競爭力的新車型陸續推出,市場需求逐
41、步恢復。根據中國汽車工業協會的數據,二零二三年上半年中國汽車產銷量分別為1,324.8萬輛和1,323.9萬輛,同比分別增長9.3%和9.8%。其中,新能源汽車增長持續亮眼,再創歷史新高,產銷量分別為378.8萬輛和374.7萬輛,同比分別增長42.4%和44.1%,市場滲透率穩步提升至28.3%,較去年全年提升2.7個百分點。期間,中國自主品牌緊抓汽車電動化、智能化、網聯化轉型機遇,在激烈的市場競爭下脫穎而出、不斷壯大,品牌影響力快速提升,品牌高端化實現突破,助力中國自主品牌汽車的競爭力從 量變 向 質變 轉化,邁入國際化發展新階段。據中國汽車工業協會整理的海關總署數據顯示,二零二三年上半年
42、,中國汽車出口234.1萬輛,同比增長76.9%,超越日本成為全球第一大汽車出口國。其中,新能源汽車出口79.5萬輛,同比增長1.2倍。新能源汽車業務在產業化、市場化的基礎上,正逐步邁入規模化、全球化的高質量發展的新階段。7Interim Report 2023二零二三年中期報告MANAGEMENT DISCUSSION AND ANALYSIS管理層討論及分析發展新能源汽車是新時代中國汽車產業高質量發展的戰略選擇,也是邁向綠色發展的必由之路,對實現碳達峰、碳中和目標亦具有重要作用。為進一步鞏固和擴大新能源汽車產業發展優勢,國家出台系列產業政策,不斷完善基礎設施建設、優化購置使用體驗、夯實消費
43、基礎。二零二三年五月,國家發展改革委聯合國家能源局印發 關於加快推進充電基礎設施建設 更好支持新能源汽車下鄉和鄉村振興的實施意見,優化新能源汽車購買使用環境,積極推動新能源汽車在下沉市場滲透。六月,財政部等三部門聯合發佈 關於延續和優化新能源汽車車輛購置稅減免政策的公告,再度延長新能源汽車購置稅減免政策期限至二零二七年十二月三十一日,減免力度分年度逐步退坡,穩定市場預期,促進新能源汽車消費潛力進一步釋放。同月,國務院辦公廳印發 關於進一步構建高質量充電基礎設施體系的指導意見,更好滿足人民群眾購置和使用新能源汽車需要,助力推進交通運輸綠色低碳轉型與現代化基礎設施體系建設。二次充電電池方面,傳統消
44、費類電子上半年市場消費疲軟,產品需求不振,其上游電池需求亦受影響;儲能領域方面,得益於儲能政策體系不斷完善、技術取得重大突破、全球市場需求旺盛、商業模式持續改善、儲能標準制定進程加快,上半年儲能產業延續高增長態勢。光伏方面,在碳中和的浪潮引領下,全球光伏需求持續旺盛,中國光伏產業繼續平穩向好的發展態勢,產業鏈主要環節產量均實現高速增長。The development of new energy vehicles is a strategic choice for the high-quality development of Chinas automobile industry in the
45、new era and is also an inevitable path towards green development,which also plays an important role in realizing the goals of carbon peaking and carbon neutrality.In order to further consolidate and expand the development advantages of the new energy vehicle industry,the State has introduced a serie
46、s of industrial policies to continuously improve infrastructure construction,optimize the purchasing and using experience,and strengthen the consumption foundation.In May 2023,the National Development and Reform Commission and the National Energy Administration jointly issued the Implementing Opinio
47、ns on Accelerating the Construction of Charging Infrastructure and Better Supporting New Energy Vehicles to the Countryside Policy and Rural Revitalization(關於加快推進充電基礎設施建設 更好支持新能源汽車下鄉和鄉村振興的實施意見)to optimize the environment for the purchase and use of new energy vehicles,and to proactively promote the
48、penetration of new energy vehicles into the lower-tier markets.In June,three government authorities including the Ministry of Finance jointly issued the Announcement on Continuation and Optimization of Policies for Reduction and Exemption of Vehicle Purchase Tax on New Energy Vehicles(關於延續和優化新能源汽車車輛
49、購置稅減免政策的公告),further extending the period of the policy to 31 December 2027,and the efforts for reduction and exemption will be gradually phased out on an annual basis to stabilize the market expectation and promote the further release of the consumption potential of new energy vehicles.In the same m
50、onth,the General Office of the State Council issued the Guiding Opinions on Further Construction of a High-quality Charging Infrastructure System(關於進一步構建高質量充電基礎設施體系的指導意見)to better meet the needs of the public in purchasing and using new energy vehicles,which is conducive to promoting the green and l
51、ow-carbon transformation of transportation and the construction of a modernized infrastructure system.In terms of rechargeable batteries,traditional consumer electronics saw weak market consumption and sluggish demand for products in the first half of the year,which affected the demand for upstream
52、batteries.In terms of the energy storage field,benefiting from the consistent perfection in the energy storage policy system,significant breakthroughs made in technology,strong demand in the global market,continuous improvement in business models and the acceleration of the energy storage standard d
53、evelopment process,the energy storage industry continued its high growth momentum in the first half of the year.As for the photovoltaic industry,under the guidance of the carbon neutrality wave,the global demand for photovoltaics continued to be strong,Chinas photovoltaic industry maintained a robus
54、t momentum with achieving growth while maintaining stability,and the production volume in key procedures of the industrial chain has achieved high growth.8BYD Company Limited比亞迪股份有限公司MANAGEMENT DISCUSSION AND ANALYSIS管理層討論及分析手機部件及組裝業務根據市場研究機構IDC統計,二零二三年上半年,全球智能手機出貨量為5.34億部,較上一年度同比下降了11.3%,連續八個季度下滑。中
55、國智能手機行業持續承壓,需求依舊疲弱。中國信息通信研究院發表的數據顯示,二零二三年上半年,國內手機市場整體出貨量累計1.30億部,同比下降4.8%,其中5G手機出貨量為1.02億部,同比下降6.4%,佔同期手機出貨量的78.9%。根據IDC數據,二零二三年上半年,全球PC出貨量同比下降21.7%至1.19億台,與二零一九年新冠前水平相若;全球平板計算機出貨量為5,900萬台,同比下降24.6%。業務回顧比亞迪股份有限公司(比亞迪 或 本公司 及其附屬公司統稱 本集團)主要經營包括以新能源汽車為主的汽車業務,手機部件及組裝業務,二次充電電池及光伏業務,並積極利用自身技術優勢拓展城市軌道交通及其他
56、業務。於二零二三年上半年,本集團實現收入約人民幣260,124百萬元,同比增長72.72%,其中汽車、汽車相關產品及其他產品業務的收入約人民幣208,824百萬元,同比增長91.11%;手機部件、組裝及其他產品業務的收入約人民幣51,090百萬元,同比增長24.40%;佔本集團總收入的比例分別為80.28%和19.64%。Handset Components and Assembly BusinessAccording to the statistics from IDC,a market research institute,in the first half of 2023,the shi
57、pment of global smart phones reached 0.53 billion units,representing a year-on-year decline of 11.3%,declining for eight consecutive quarters.Chinas smart phone industry continued to be under pressure and its demand remains weak.According to the data released by the China Academy of Information and
58、Communications Technology,in the first half of 2023,the shipment of domestic mobile phones reached 130 million units,representing a year-on-year decline of 4.8%;in particular,the shipment of 5G smart phones was 102 million units,representing a year-on-year decline of 6.4%,accounting for 78.9%of the
59、shipment of mobile phones in the corresponding period.According to the statistics from IDC,in the first half of 2023,global PC shipments fell 21.7%year-on-year to 119 million units,similar to the level before the 2019 epidemic.The global tablet computers shipments reached 59 million units,representi
60、ng a year-on-year decline of 24.6%.BUSINESS REVIEWBYD Company Limited(“BYD”or“the Company”,together with its subsidiaries,“the Group”)is principally engaged in the automobile business which mainly includes new energy vehicles,handset components and assembly business,rechargeable batteries and photov
61、oltaic business.Meanwhile,with its technological superiority,the Group actively develops urban rail transportation and other business segments.In the first half of 2023,the Group recorded a revenue of approximately RMB260,124 million,representing a year-on-year increase of 72.72%,among which,the rev
62、enue from the automobiles and related products,and other products amounted to approximately RMB208,824 million,representing a year-on-year increase of 91.11%;the revenue from the handset components,assembly service and other products amounted to approximately RMB51,090 million,representing a year-on
63、-year increase of 24.40%.These business segments accounted for 80.28%and 19.64%of the Groups total revenue,respectively.9Interim Report 2023二零二三年中期報告MANAGEMENT DISCUSSION AND ANALYSIS管理層討論及分析汽車及電池業務本集團作為全球新能源汽車行業先行者和領導者,憑藉精準的戰略佈局、領先的技術實力、深刻的市場洞察,在行業競爭日趨激烈的大背景下,實現業務的長足發展,穩步推進品牌力提升及出海戰略佈局。根據中汽協數據,二零二三
64、年上半年本集團新能源汽車市佔率進一步擴大至33.5%,較二零二二年增長6.5個百分點,持續鞏固中國新能源汽車行業龍頭地位,同時蟬聯全球銷量第一寶座,品牌影響力繼續擴大。在新能源乘用車領域,本集團依託核心技術的持續應用以及精準的市場策略,二零二三年上半年銷量強勢領跑,實現同比近一倍的大幅增長,持續創歷史新高,穩居中國車企乘用車銷量第一。技術創新是推動業務高質量發展的核心驅動力,本集團依託強大的研發基因,在持續推動現有技術應用的基礎之上,進一步推出一系列全球領先的前瞻性、顛覆性技術。二零二三年上半年,本集團發佈易四方 及 雲輦 技術,進一步增強本集團的綜合競爭力,助力業務發展向更高層次邁進。易四方
65、技術以四電機獨立驅動為核心,從感知、控制、執行三個維度圍繞新能源汽車的特性進行了全面重構,為消費者帶來極致安全、極致性能和極致體驗的跨時代產品。雲輦 技術作為全球首個新能源專屬的智能車身控制系統,打破碎片化的開發模式,系統化考量新能源汽車的垂向控制問題,以高智能、護安全、穩駕乘、全覆蓋的技術優勢,為用戶帶來兼顧舒適性與操控性的極致駕乘體驗。雲輦系統的產品矩陣包括 雲輦-C、雲輦-A 及 雲輦-P等,將陸續搭載於本集團各品牌車型,從舒適、操控、安全、越野等維度大幅提升消費者的駕乘體驗。Automobiles and Batteries BusinessAs a pioneer and leade
66、r in the global new energy vehicle industry,relying on its precise strategic layout,leading technical strength,and profound market insights,the Group has achieved substantial business development against the background of increasingly fierce competition in the industry and steadily promoted the upgr
67、ading of brand power and the strategic layout of going abroad.According to data from the China Automobile Association,in the first half of 2023,the market share of the Groups new energy vehicles further expanded to 33.5%,an increase of 6.5 percentage points compared with 2022,continuing to consolida
68、te its leading position in Chinas new energy vehicle industry,and it also continued to rank No.1 in global sales,spreading its brand influence continuously.In the field of new energy passenger vehicles,relying on the continuous application of core technologies and precise market strategies,the Group
69、 took the lead in sales in the first half of 2023,achieving a substantial growth of nearly double that of the same period last year,and continued to hit a record high,ranking first in the sales volume of passenger vehicles among Chinese auto companies.Technology innovation is the core driver of high
70、-quality development.Relying on its strong research and development genes,the Group further launched a series of world-leading forward-looking and revolutionary technologies based on continuously promoting the application of existing technologies.In the first half of 2023,the Group released the“e4 P
71、latform(易四方)”and“DiSus(雲輦)”technologies,which further enhanced the Groups comprehensive competitiveness and lifted its business development to a higher level.Based on the four-motor independent driver as the core,the“e4 Platform”technology completely reconstructs the characteristics of new energy ve
72、hicles in three aspects of perception,control and execution,providing consumers with a cross-era product featuring ultimate safety,performance and experience.As the worlds first intelligent body control system dedicated to new energy vehicles,the“DiSus”technology breaks the fragmented development mo
73、del and systematically considers the vertical control of new energy vehicles,aiming to bring users the ultimate driving experience that takes into account both comfort and controllability with the technical advantages of high intelligence,safety and protection,stable driving and full coverage.The pr
74、oduct matrix of the“DiSus”system includes“DiSus-C”,“DiSus-A”and“DiSus-P”,and it will also be installed in various brand models of the Group one after another,greatly improving the driving experience of consumers in terms of comfort,controllability,safety,off-road performance and other dimensions.10B
75、YD Company Limited比亞迪股份有限公司MANAGEMENT DISCUSSION AND ANALYSIS管理層討論及分析Relying on the continuous iteration and innovation of the Groups core technologies,the Groups passenger vehicle business has gradually formed a multi-brand gradient layout consisting of the“BYD”brand,the“Denza”brand,the“Yangwang”br
76、and and the“FANGCHENGBAO”brand,covering from home to luxury,from mass to personalized,fully satisfying users automobile needs in all scenarios.During the period,the Group steadily promoted the development of various brands,and the multi-brand strategy achieved initial results.In the first half of 20
77、23,relying on precise insights into consumer demand,the Group actively optimized the product matrix of the“BYD”brand and launched several iterative and new models,and it also further promote the“price parity between fuel-engine vehicle and electric vehicle”initiative to continuously consolidate the
78、competitive advantage.As the Groups first passenger vehicle brand,the“BYD”brand has formed two series of products,including the“Dynasty”series named after dynasties and the“Ocean”series named after“Marine Life”and“Fleet”.The“Dynasty”series perfectly integrate the leading technology and Chinese fashi
79、on trend to create Chinese fashion and smart new energy vehicles,with five family products of“Han”,“Tang”,“Song”,“Qin”and“Yuan”.As one of the signature products of domestic brands high-end process,“Han”has continued to be popular since its launch.During the period,the“Han”family was completely rejuv
80、enated,and“Han EV Champion Edition”,“Han DM-i Champion Edition”and“Han DM-p Ares Edition”were officially launched.The product strength was comprehensively improved,subverting the mainstream B-segment sedan market.“Tang”is the Groups medium/large flagship SUV series product,and the launch of“Tang DM-
81、i Champion Edition”has further strengthened the product competitiveness of the“Tang”family.For the“Song”family,“Song PLUS”is the fastest new energy SUV among Chinese auto brands to achieve sales of 500,000 units,and the“Song PLUS Champion Edition”has been newly launched;and the“Song Pro Champion Edi
82、tion”was also launched during the period,helping the“Song”family continue to lead the new energy SUV market with strong product strength.For the“Qin”family,“Qin PLUS DM-i Champion Edition”,as the first iterative model of the year,shocked the market immediately after its launch,helping the“Qin”family
83、 to become Chinas first new energy A-class sedan IP with cumulative sales of one million.For the“Yuan”family,“Yuan PLUS”,as the first A-class SUV equipped with“e-Platform 3.0”,maintains hot sales,leading the pure electric SUV market.依託於本集團核心技術的持續迭代與創新,本集團乘用車業務逐步形成由 比亞迪 品牌、騰勢 品牌、仰望 品牌及 方程豹 品牌所構建的多品牌梯
84、度佈局,覆蓋從家用到豪華、從大眾到個性化,全面滿足用戶多方位全場景的用車需求。期內,本集團各品牌發展穩步推進,多品牌策略初見成效。二零二三年上半年,依託對消費者需求的精準洞察,本集團積極優化 比亞迪 品牌產品矩陣,推出多款迭代及全新車型,進一步推進 油電平價,持續鞏固競爭優勢。比亞迪 品牌作為本集團首個乘用車品牌,形成了以朝代命名的 王朝 系列和以 海洋生物 及 軍艦 命名的 海洋 系列等兩大系列產品。王朝 系列將領先的科技與國潮文化完美融合,打造國潮、智能的新能源汽車,旗下擁有漢、唐、宋、秦 和 元 五大家族式產品。漢 作為中國自主品牌高端化的旗幟之一,自上市以來持續熱銷,熱度不減。期內,漢
85、 家族全面煥新,漢EV冠軍版、漢DM-i冠軍版 和 漢DM-p戰神版 正式上市,產品力全面提升,顛覆主流B級轎車市場。唐 作為本集團中大型旗艦SUV系列產品,唐DM-i冠軍版 的推出,進一步加強 唐 家族的產品競爭力。宋 家族中,宋PLUS 作為中國汽車品牌最快實現50萬銷量的新能源SUV,宋PLUS冠軍版 煥新推出;宋Pro冠軍版 亦於期內上市,助力 宋 家族以強大的產品力持續引領新能源SUV市場。秦 家族中,秦PLUS DM-i冠軍版 作為本年度首個迭代車型,上市即引爆市場,助力 秦 家族成為中國首個累銷百萬的新能源A級轎車IP。元 家族中,元PLUS 作為搭載 e平台3.0 的首款A級潮
86、跑SUV,持續熱銷,領跑純電SUV市場。11Interim Report 2023二零二三年中期報告MANAGEMENT DISCUSSION AND ANALYSIS管理層討論及分析海洋 系列採用海洋美學的設計理念,以更年輕的產品定位,進一步滿足客戶多元化消費需求。海洋生物 系列中,純電新物種 海豚 繼續領跑,獲得二零二三年上半年純電轎車及A0級汽車累銷雙料冠軍。首搭 CTB電池車身一體化 技術的純電動運動轎跑 海豹 亦於五月煥新上市,進一步豐富消費者的選擇。新一代主流代步車 海鷗 於四月正式上市,基於 e平台3.0 的技術賦能,在激烈的A00級轎車市場脫穎而出,銷量表現逐月走高。軍艦 系列
87、中,驅逐艦05冠軍版 四月上市,持續滿足用戶多樣化的用車需求,在A+級轎車市場中實現銷量口碑齊頭並進。騰勢 品牌作為本集團專注於新能源豪華汽車市場的品牌,以領先的新能源與安全技術、智慧豪華產品品質以及用戶生態服務體系,構建品牌核心競爭力。騰勢 品牌首款豪華MPV 騰勢D9 集豪華、智能、動力、安全於一身,上市即熱銷,二零二三年上半年穩居30萬以上豪華MPV市場銷量第一,牢牢佔據中國豪華MPV新價值標桿的引領地位。隨着品牌勢能的穩健迸發,騰勢 品牌以深刻的市場洞察和超卓的技術創新,推出智能豪華獵跑SUV 騰勢N7。騰勢N7 作為一款面向年輕用戶群體的獵跑SUV,搭載與法國潮奢音響品牌帝瓦雷合作的
88、專屬車載音響,並首搭 雲輦-A 智能空氣車身控制系統,從智能座艙、智能駕駛、智能底盤等三大方面,全面提升 騰勢N7 的豪華格調。騰勢N7 於四月上海車展亮相,其顛覆傳統視角的設計、智能、操控、舒適等創新突破,得到消費者的積極認可。The“Ocean”series adopts the design concept of ocean aesthetics,with a product position aimed at younger generations,to further satisfy the diversified needs of consumers.Among the“Marin
89、e Life”series,the pure electric vehicle product“Dolphin”continued to take the lead,winning both championships of pure electric sedan and A0-class vehicle in the first half of 2023.The first pure electric sports activity coup“Seal”equipped with“CTB Cell-to-Body Integration”technology was launched in
90、May,further enriching consumers choices.The new-generation mainstream vehicle“Sea Gull”was officially launched in April.Based on the technical empowerment of“e-platform 3.0”,it stood out in the fierce A00-class sedan market,and its sales performance increased month by month.In the“Fleet”series,“Dest
91、royer 05 Champion Edition”was launched in April,continuing to meet the diverse needs of users for cars,and receiving good sales and reputation in the A+class sedan market.As the Groups brand focuses on the new energy luxury vehicle market,the“Denza”brand builds its core competitiveness with leading
92、new energy and safety technologies,smart luxury product quality,and user eco-services system.“Denza D9”has been a hot seller since its launch,which is the first luxury MPV under the“Denza”brand,integrating luxury,intelligence,power,and safety.In the first half of 2023,“Denza D9”ranked first in the s
93、ales of luxury MPVs worth more than RMB300,000,firmly occupying the leading position in the new value benchmark of luxury MPVs in China.With the steady growth of the brand force,the“Denza”brand launched the smart and luxury shooting-brake SUV“Denza N7”with profound market insight and outstanding tec
94、hnological innovation.“Denza N7”,as a shooting-brake SUV for younger users,is equipped with exclusive car audio system in cooperation with the French luxury audio brand Devialet.The“DiSus-A”intelligent air body control system is also installed for the first time,which comprehensively enhances the lu
95、xurious style of“Denza N7”from the three aspects of intelligent cockpit,intelligent driving and intelligent chassis.“Denza N7”was unveiled at the Shanghai Auto Show in April.Its innovative breakthroughs in design,intelligence,control and comfort that subvert the traditional perspectives have been po
96、sitively recognized by consumers.12BYD Company Limited比亞迪股份有限公司MANAGEMENT DISCUSSION AND ANALYSIS管理層討論及分析期內,伴隨着 易四方 等核心技術的成熟與應用,本集團於年初正式發佈全新高端品牌 仰望,以顛覆性的技術和產品開拓百萬級新能源市場,並重塑新能源時代高端品牌價值觀。四月,百萬級新能源硬派越野 仰望U8 和百萬級純電動性能超跑 仰望U9 亮相上海車展,引爆市場關注,成為最矚目的焦點。仰望U8 同步開啓預售,搭載 易四方 技術及雲輦-P 智能液壓車身控制系統,實現對車身的全方位智能控制,真正做到
97、了極致越野、舒適奢享的完美平衡,讓駕乘體驗更具想象力。此外,專業個性化品牌於六月正式定名為 方程豹。方程豹 品牌基於消費者日益增長的個性化需求,並凝聚本集團強大的新能源科技,通過具有專業標準、專注純粹的技術平台,打造更極致、獨特、自由的新物種產品,攜手用戶不斷解鎖汽車個性化生活的未來。During the period,with the maturity and application of core technologies such as“e4 Platform”,the Group officially launched a new high-end brand“Yangwang”at
98、the beginning of the year,which will open up the million-RMB-worth new energy market with subversive technologies and products,and reshape the high-end brand values in the new energy era.“Yangwang U8”,a million-RMB-worth new energy hardcore SUV and“Yangwang U9”,a million-RMB-worth battery electric p
99、erformance supercar were unveiled at the Shanghai Auto Show in April,receiving a lot of market attention and becoming the most eye-catching focus.“Yangwang U8”started the pre-sale at the same time.It is equipped with“e4 Platform”technology and“DiSus-P”intelligent hydraulic body control system to rea
100、lize all-round intelligent control of the body,and it truly achieved the perfect balance of extreme off-road capability,comfort and luxury,making the driving experience more imaginative.In addition,the professional and personalized brand was officially named“FANGCHENGBAO”in June.The“FANGCHENGBAO”bra
101、nd is based on the growing individual needs of consumers and integrates the Groups powerful new energy technologies.Through a technical platform with professional standards and pure focus,the Group will create more extreme,unique and free new species products,and work with users to continuously unlo
102、ck the future of personalized life of autos.13Interim Report 2023二零二三年中期報告MANAGEMENT DISCUSSION AND ANALYSIS管理層討論及分析在鞏固和擴大國內市場發展優勢的同時,本集團依託 科技領先、安全領先、品質領先、市場領先 的全面實力,加速海外市場拓展。本集團新能源乘用車已進入日本、德國、澳大利亞、巴西、阿聯酋等50多個國家和地區,躋身多個市場熱銷前列,深受全球消費者青睞。期內,本集團於三月攜八款新能源汽車亮相第44屆曼谷國際車展,並發佈標準續航版 海豚。同月,本集團在墨西哥城舉行品牌發佈暨新車型上
103、市發佈會,推出 漢EV、唐EV、元PLUS 三款純電動車型,開啓墨西哥乘用車市場的新格局。六月,本集團在阿聯酋推出通過本地化和高溫測試的 元PLUS,以確保用戶能夠獲得最佳的駕駛體驗,開啓中東乘用車市場全新篇章。作為本集團首款全球化車型,元PLUS(又名 BYD ATTO 3)憑藉設計、技術、性能和用戶體驗等方面的卓越體現,在國際市場上獲得銷量和市場口碑雙豐收,多次獲得泰國、以色列、新西蘭、新加坡純電動車月銷冠軍,並奪得泰國二零二三年上半年純電動汽車銷量冠軍。此外,本集團秉承合作共贏的理念,不斷加強與國際夥伴在汽車電動化發展方面的合作,攜手眾多全球優質經銷商,為當地消費者提供優質的新能源汽車產
104、品及服務,推動全球汽車電動化轉型。隨着海外佈局的持續深化,三月,本集團首個海外乘用車生產基地在泰國奠基,為當地新能源汽車市場發展注入新的活力。二零二三年上半年,儘管面對汽車行業競爭加劇、新能源汽車補貼取消的挑戰,本集團憑藉不斷提升的品牌力、持續擴大的規模優勢和強大的產業鏈成本控制能力,叠加上游原材料價格回落,本集團新能源乘用車業務繼續保持良好的盈利能力。While consolidating and expanding its development advantages in the domestic market,the Group has been accelerating overse
105、as market expansion by relying on its comprehensive strength of“leading technology,leading safety,leading quality and leading market”.The Groups new energy passenger vehicles have entered more than 50 countries and regions including Japan,Germany,Australia,Brazil and the United Arab Emirates,ranking
106、 among the top sellers in many markets,and gaining recognition of consumers all over the world.During the period,the Group exhibited eight new energy vehicles at the 44th Bangkok International Motor Show in March,and released the standard range version“Dolphin”.In the same month,the Group held a bra
107、nd release and new model launch conference in Mexico City,and launched three pure electric models,“Han EV”,“Tang EV”and“Yuan PLUS”,opening up a new pattern in the Mexican passenger vehicles market.In June,the Group launched“Yuan PLUS”in the United Arab Emirates,which had passed localization and high
108、-temperature tests to ensure that users can get the best driving experience,opening a new chapter in the Middle East passenger vehicles market.As the Groups first global model,“Yuan PLUS”(also known as“BYD ATTO 3”),with its outstanding design,technology,performance and user experience,has achieved b
109、oth good sales and market reputation in the international market.It won the monthly sales champion of pure electric vehicles in Thailand,Israel,New Zealand and Singapore many times,and also won the sales champion of pure electric vehicles in Thailand in the first half of 2023.In addition,adhering to
110、 the concept of win-win cooperation,the Group continued to strengthen cooperation with international partners in the development of vehicle electrification,and joined hands with many high-quality global dealers to provide local consumers with high-quality new energy vehicle products and services,the
111、reby promoting the transformation of global vehicle electrification.With the continuous deepening of overseas layout,in March,the foundation stone of the Groups first overseas passenger vehicle production base was laid in Thailand,injecting new vitality into the development of the local new energy v
112、ehicle market.In the first half of 2023,despite the challenges such as intensified competition in the auto industry and cancellation of subsidies for new energy vehicles,the Groups new energy passenger vehicle business continued to maintain good profitability with the continuous improvement of brand
113、 power,continuous expansion of scale advantages and strong cost control capabilities of the industrial chain,coupled with the decline in prices of upstream raw material.14BYD Company Limited比亞迪股份有限公司MANAGEMENT DISCUSSION AND ANALYSIS管理層討論及分析純電動大巴領域,本集團深化市場佈局、以領先技術推出優質產品,優化經營模式,攜手眾多合作夥伴持續提升城市公交服務質量,引
114、領全球公交電動化改革。本集團持續開拓海外市場,助力出海大巴銷量持續增長。城市軌道交通領域,本集團圍繞解決城市微循環和最後一公里問題,穩步推進具有完全自主知識產權的中運量 雲軌 和低運量 雲巴 發展,為全球城市治理交通擁堵提供有效方案。雲巴 項目方面,五月,首條定位休閑旅遊的湖南大王山歡樂雲巴已正式開通,將有效帶動區域旅遊產業升級,推動都市休閑旅遊產業融合發展。對外合作方面,本集團積極與全球不同專業領域領先的夥伴加強合作。二零二三年上半年,本集團與全球領先的人工智能計算製造商英偉達深化合作,雙方強強聯手,為廣大消費者打造更加安全且智能的汽車;本集團亦與濰柴動力簽署戰略合作協議,利用雙方優勢在新能
115、源領域建立更加全面、深度的戰略合作關係,助力我國新能源商用車產業化發展邁向新階段;此外,本集團與跨國銀行集團桑坦德達成戰略性合作,為墨西哥、巴西當地經銷商或消費者提供汽車金融方案,積極推動當地綠色交通消費升級。In the field of battery electric buses,the Group carried out in-depth market development,launched quality products with leading technology,optimized its business models,worked with various partne
116、rs to continuously improve the quality of urban public transportation services and lead the transformation of electrification of global public transportation.The Group continued to explore overseas markets,which contributed to the continuous growth of the sales of overseas buses.In the field of urba
117、n rail transit,the Group focused on solving urban microcirculation and last-mile problems by launching the medium-capacity“SkyRail”and low-capacity“SkyShuttle”with proprietary intellectual property rights,providing effective solutions to traffic jams in cities all over the world.For the“SkyShuttle”p
118、roject,in May,the first“Happy Sky Shuttle(歡樂雲巴)”in Dawang Mountain,Hunan,which was positioned as leisure tourism,has been officially opened,which would effectively promote the upgrading of the regional tourism industry and promote the integrated development of the urban leisure tourism industry.In t
119、erms of external cooperation,the Group actively strengthened cooperation with leading partners in different professional fields around the world.In the first half of 2023,the Group deepened its cooperation with Nvidia,the worlds leading artificial intelligence computing manufacturer,to jointly devel
120、op vehicles that are safer and intelligent for consumers.The Group also signed a strategic cooperation agreement with Weichai Power to establish a more comprehensive and in-depth strategic cooperation relationship in the new energy field by utilizing the advantages of both parties,thereby helping Ch
121、inas new energy commercial vehicle industrialization develop toward a new stage.In addition,the Group reached a strategic cooperation with Santander,a multinational banking group,to provide auto finance solutions for local dealers or consumers in Mexico and Brazil,and actively promote the upgrading
122、of local green transportation consumption.15Interim Report 2023二零二三年中期報告MANAGEMENT DISCUSSION AND ANALYSIS管理層討論及分析二次充電電池方面,本集團持續深耕,技術規模國內領先,年內產品研發及產能提升進展順利,助力電池業務穩步發展。在保障自身動力電池需求的同時,本集團亦持續積極拓展外部客戶,加速市場化佈局。本集團儲能業務全面覆蓋電網儲能、工商業儲能、家庭儲能等領域,為全球客戶提供全面的、先進的技術和產品解決方案,推動新型儲能產業實現跨越式發展。光伏業務方面,在 雙碳 目標的引領下,本集團加速新
123、技術研發佈局,進一步構建綜合競爭優勢,為行業的快速發展做好準備。手機部件及組裝業務本集團是全球領先的平台型高端製造企業,專注於為客戶提供產品設計與研發、零組件及整機製造、供應鏈管理、物流及售後等一站式服務。本集團業務廣泛,涵蓋消費電子、新型智能產品等多元化領域。依託於業界領先的研發和製造實力、高效規模化的生產經驗、多元的產品組合以及豐厚的客戶資源,本集團積極提升市場份額,持續優化業務結構,在嚴峻的市場環境下業務彰顯強勁韌性,已邁入新一輪的高質高速成長週期。消費電子業務方面,本集團憑藉頂尖的研發及堅實的產品設計製造實力,持續深挖大客戶需求,強化與大客戶的戰略合作,故此在市場不景氣下仍實現市場份額
124、提升及收入增長,進一步夯實其行業龍頭地位。本集團積極拓展海外大客戶業務,持續提升了市場份額和出貨量,強化在其供應鏈中的地位,新品類的結構件項目量產進展良好,業務保持增長動力。本集團亦持續為安卓客戶提供服務,然而智能手機市場需求疲軟,本集團安卓業務收入受到一定影響。In terms of rechargeable batteries,the Group continued to carry out in-depth development and maintained its leading position in domestic technology.Product R&D and capa
125、city expansion went smoothly during the year,which contributed to the steady development of the battery business.While protecting our own power battery demand,the Group also continued to actively expand external customers and accelerate the market-based deployment.The Groups energy storage business
126、covered grid energy storage,industrial and commercial energy storage,household energy storage,providing global customers with comprehensive and advanced technology and product solutions and facilitating the new energy storage industry to achieve leapfrog development.In respect of the photovoltaic bu
127、siness,under the guidance of the“dual carbon”goal,the Group accelerated new technology R&D to further build up its comprehensive competitive advantages and prepare for the rapid development of the industry.Handset Components and Assembly BusinessThe Group is a global leading high-end platform-based
128、manufacturing enterprise,providing customers with one-stop services including product design,research and development,components and machine manufacturing,supply chain management,logistics,after-sales and other etc.With a wide range of businesses,the Group engages in diversified market segments,such
129、 as consumer electronics and new intelligent products.With industry-leading R&D and manufacturing strength,efficient mass production experience,diversified product portfolio and abundant customer base,the Group actively increased its market share and continued to optimize its business structure.Unde
130、r the severe market environment,its business still showed strong resilience and had entered a new cycle with high-quality and high-speed growth.With respect to the consumer electronics business,the Group,relying on top-notch R&D and solid product design and manufacturing capabilities,continued to ex
131、plore key customers needs and strengthen strategic cooperation with them.As a result,despite the market downturn,it still achieved an increase in market share and growth in revenue,further consolidating its leading position in the industry.The Group actively expanded its business with major overseas
132、 customers,continuously increased its market share and shipments,and strengthened its position in its supply chain.The mass production of new categories of structural components was progressing well,and the business maintained growth momentum.The Group also continued to serve Android customers,but i
133、ts revenue from the Android business was affected by the weak demand of the smartphone market.16BYD Company Limited比亞迪股份有限公司MANAGEMENT DISCUSSION AND ANALYSIS管理層討論及分析新型智能產品業務方面,本集團憑藉在海內外市場的完善業務網絡及卓越的客戶口碑,出貨量及收入規模取得強勁增長。本集團亦持續與各行業頂尖客戶保持緊密合作,無人機、智能家居、遊戲硬件等業務板塊延續穩健發展勢頭。前景及策略展望二零二三年下半年,通脹、地緣政治等多重不確定風險持續
134、,主要經濟體增長動能不足,全球經濟衰退的壓力不斷升溫。中國經濟亦受到複雜嚴峻的外部環境影響,但中國經濟韌性強、潛力大、活力足,長期向好的基本面沒有改變。七月,中央政治局會議強調,着力擴大內需、提振信心,推動經濟運行持續好轉。同月,國家發展改革委等部門印發 關於促進汽車消費的若干措施,進一步穩定和擴大汽車消費,加強新能源汽車配套設施建設,營造有利於汽車消費的政策和市場環境。預期二零二三年下半年,中國新能源汽車產業將延續良好的增長勢頭,滲透率亦有望繼續突破。汽車及電池業務本集團將堅定發展戰略,強化核心技術的自主可控,持續提升產品競爭力;深度觸達市場,以消費者需求為導向,持續推進多品牌矩陣建設;加速
135、推進出海進程,以新能源汽車領域的全面實力,為全球消費者提供卓越的新能源汽車體驗。八月,本集團第500萬輛新能源汽車下線,成為全球首家達成這一里程碑的車企,為全球汽車工業變革注入中國汽車力量。In terms of the new intelligent product business,with the Groups well-established business network and excellent customer reputation in domestic and overseas markets,it achieved strong growth in both shipm
136、ents and revenue scale.The Group also continued to maintain close cooperation with top customers in various industries,and business sectors such as drones,smart homes and game hardware continued to develop in a steady manner.PROSPECT AND STRATEGYLooking forward to the second half of 2023,due to the
137、continued multiple uncertainties such as inflation and geopolitical risks,major economies are under insufficient growth momentum and global economic recession pressure is on the rise.Chinas economy,in a way,is affected by the severe and complicated external environment.However,given the strong resil
138、ience of Chinas economy with great potential and infinite vitality,Chinas bright long-term prospects remain unchanged.In July,the meeting of the Political Bureau of the CPC Central Committee emphasized that efforts should be made to stimulate domestic demands,boost confidence and promote a sustained
139、 improvement in economic performance.Also in July,the National Development and Reform Commission and other departments issued“Several Measures to Promote Automobile Consumption(關於促進汽車消費的若干措施”in order to further stabilize and expand automobile consumption,strengthen the construction of supporting fac
140、ilities for new energy vehicles,and offer a policy and market environment conducive to automobile consumption.In the second half of 2023,Chinas new energy vehicle industry is expected to continue its sound growth momentum.The new energy vehicle penetration rate is also expected to make continued bre
141、akthroughs.Automobiles and Batteries BusinessThe Group will adhere to its development strategy,strengthen the independency and controllability of its core technologies,and continue to enhance the competitiveness of its products;it will reach out to the market in depth,and continue to promote the con
142、struction of a multi-brand matrix in line with consumer demands;and with its comprehensive strength in the field of new energy vehicle,it will accelerate the step in going abroad to provide consumers around the world with an excellent experience in new energy vehicles.In August,the Group rolled off
143、its 5 millionth new energy vehicle,making it the first automaker in the world to achieve this milestone and injecting momentum from Chinas automobile into the global automobile industry transformation.17Interim Report 2023二零二三年中期報告MANAGEMENT DISCUSSION AND ANALYSIS管理層討論及分析在新能源乘用車領域,本集團將繼續深化新能源汽車核心技術
144、研發,強化行業領先實力。七月,本集團發佈的高階智能駕駛輔助系統,以自研硬件、軟件以及算法構建全棧自研整車系統級解決方案,為安全而生,實現全場景的陪伴、輔助、救助,開啓智能化的新篇章。八月,本集團發佈 DMO 超級混動越野平台,通過全新混動非承載式架構和越野專用混動架構的極致融合,充分發揮本集團在高性能底盤、智能電四驅及越野專用動力總成等方面的領先優勢,成就整車安全之上超強動力、強悍越野與極致能耗之間的最佳平衡。本集團持續推進多品牌策略,不斷完善產品矩陣,開啓全新產品週期,滿足消費者差異化的需求。比亞迪 品牌方面,海洋 系列首款B+級超混轎車 海豹DM-i 基於海洋美學設計理念,搭載 DM-i超
145、級混動,首批量產車已於七月正式下線。騰勢 品牌方面,豪華獵跑SUV 騰勢N7 於七月正式上市,以全新理念打破設計邊界、以超感交互打破豪華邊界、以尖端技術打破電動邊界、以創新科技打破智能邊界,得到數萬消費者的積極認可和持續追捧。八月,智能豪華全場景SUV 騰勢N8 正式上市,進一步完善 騰勢 品牌產品矩陣。仰望 品牌方面,仰望U8 車型亮點持續解鎖,引得市場廣泛關注。此外,方程豹 品牌於八月正式發佈,以兼具 野心、悅心、玩心 的多樣化強悍產品,讓不同人群的個性化用車需求擁有更專屬的承載,旗下首款硬派SUV豹5 將搭載超級混動越野平台 DMO 及 雲輦-P,為用戶帶來前所未有的新能源個性體驗。In
146、 the field of new energy passenger vehicles,the Group will continue to deepen the R&D of core technologies for new energy vehicles and strengthen the industry-leading strengths.In July,the high-end intelligent driving assistance system released by the Group,with its self-research hardware,software a
147、nd algorithms to build a full stack of self-research system-level solutions for the entire vehicle,is born for safety,enables a whole scenario of companionship,assistance and rescue,and opens up a new chapter of auto-intelligence.In August,the Group launched“DMO”,a super hybrid off-road platform,whi
148、ch makes full use of the Groups leading advantages in high-performance chassis,intelligent electric four-wheel drive and off-road-specific power-train system through the ultimate integration of new hybrid non-load-bearing frame structure and off-road-specific hybrid structure to achieve a perfect ba
149、lance among super power,strong off-road strength and the least energy consumption while ensuring vehicle safety.The Group continues to advance its multi-brand strategy,constantly refines its product matrix and initiates new product cycles to satisfy the differentiated needs of consumers.With respect
150、 to the“BYD”brand,“BYD-Seal DM-i”,the first B+super-hybrid sedan of the“Ocean”series,is equipped with the“DM-i Super Hybrid”based on the design concept of oceanic aesthetics,with the first batch of mass-produced vehicles getting off the assembly line in July.Also in July,the“Denza”brand officially l
151、aunched its luxury sports SUV“Denza N7”,aiming to redefine pure electric luxury with cutting-edge intelligent technologies and provide an unparalleled travel experience for its users,which has gained positive recognition and sustained popularity among tens of thousands of consumers.“Denza N8”,an int
152、elligent and luxurious SUV designed for all scenarios,was officially launched in August,further complementing the product matrix of the“Denza”brand.With respect to the“Yangwang”brand,the new model“Yangwang U8”continues to unveil its feature highlights,attracting widespread attention in the market.In
153、 addition,the“FANGCHENGBAO”brand was officially released in August,which is catering to a range of individual preferences with diversified powerful products featuring“ambition,joy and fun(野心、悅心、玩心).Its first hardcore SUV,“BAO 5”,will be equipped with“DMO”,a super hybrid off-road platform,and“DiSus-P
154、”to provide owners with unique personalized experience of new energy vehicles.18BYD Company Limited比亞迪股份有限公司MANAGEMENT DISCUSSION AND ANALYSIS管理層討論及分析海外乘用車業務領域,本集團憑藉新能源領先優勢,加速開拓海外市場,推進出海進程,繼續攜手合作夥伴深耕海外各地市場,為全球消費者提供差異化、有競爭力的產品和優質的服務。七月,本集團為進一步推動全球化進程,宣佈將在巴西設立大型生產基地綜合體,加速新能源汽車在當地的普及與應用。純電動大巴領域,本集團將繼續助
155、力全球公交系統的綠色升級,為不同國家和地區帶來可持續、零污染、智能化的公共交通解決方案,通過高效領先的創新技術,推出受市場認可的零排放高質量綠色環保公共交通產品及服務,促進低碳社會快速普及健康發展。城市軌道交通方面,本集團將在綠色低碳、智能智慧、集成高效等方面不斷創新,將電動車產業鏈延伸到軌道交通領域,着力推廣低碳環保的城市軌道交通產品 雲軌 及 雲巴,不斷開拓城市應用和國際合作,助力城市打造低碳交通,實現綠色智能交通可持續發展。二次充電電池方面,本集團將積極推進創新技術應用,進一步擴大客戶基礎和業務範圍,推動相關業務持續發展。光伏業務方面,本集團將積極把握行業發展脈絡,集中資源,着力技術研發
156、,推動產品轉型升級,以優質的產品迎接行業爆發性增長機遇。In the field of overseas passenger vehicle business,the Group has leveraged its leading strengths in the new energy vehicle sector to accelerate its overseas markets expansion and advance the progress of going abroad.The Group will continue to work together with its partn
157、ers to develop overseas markets and provide global consumers with differentiated,competitive products and quality services.In July,in order to further promote globalization,the Group announced that it would establish a large-scale manufacturing base complex in Brazil to accelerate the popularization
158、 and application of new energy vehicles in the country.In the field of battery electric buses,the Group will continue to empower low-carbon upgrades in global public transportation systems,provide sustainable,zero-pollution and intelligent public transportation solutions to different countries and r
159、egions,launch zero-emission,high quality,green and environmentally friendly public transportation products and services recognized by the market through efficient and leading-edge innovative technologies,and promote rapid and healthy development of a low-carbon society.In terms of urban rail transit
160、,the Group will continue to innovate in the areas of green and low-carbon,intelligent and smart,integrated and efficient development,extend the electric vehicle industry chain to the field of rail transit,focus on promoting low-carbon and environmentally friendly urban rail transit products,namely“S
161、kyRail”and“SkyShuttle”,and continuously expand urban applications and international cooperation to help cities build low-carbon transportation and achieve sustainable development of green and intelligent transportation.In terms of rechargeable batteries,the Group will actively promote the applicatio
162、n of the innovative technologies,further expand its customer base and business coverage,and facilitate sustainable development of relevant businesses.In terms of photovoltaics business,the Group will actively grasp the development trend of the industry,concentrate resources,focus on technology R&D,p
163、romote product transformation and upgrading,to usher in the explosive growth opportunities of the industry with high-quality products.19Interim Report 2023二零二三年中期報告MANAGEMENT DISCUSSION AND ANALYSIS管理層討論及分析手機部件及組裝業務二零二三年下半年,本集團將密切注視市場發展趨勢,繼續把握市場機遇,加大佈局核心技術研發及創新,進一步鞏固垂直整合優勢,強化大客戶策略。在保持傳統業務的行業領先地位的同時,
164、加快完善前瞻佈局的新興業務相關產品線,全速推動業務發展,帶動本集團業務及收入規模持續增長。消費電子業務方面,本集團將繼續鞏固綜合競爭優勢,進一步提升市場份額。本集團將繼續深入挖掘海外大客戶的核心業務潛力,持續提高核心產品的份額,積極開拓新品類領域,進一步壯大業務規模。同時,本集團將加強與安卓領域在中高端產品的戰略合作,持續擴大技術領先優勢,進一步鞏固本集團的市場領導地位。新型智能產品業務方面,人工智能及機器人等新興技術發展一日千里,推動應用場景多元化發展,同時催生更多新市場需求,本集團前瞻佈局的智能家居、遊戲硬件、無人機等領域將迎來發展新機遇。依託行業領先的研發實力、全球化佈局和垂直整合的綜合
165、能力,本集團將持續深化與各細分領域頭部客戶的合作,充分把握市場龐大商機,並拓展有發展潛力的新品類和新市場,藉此搶佔高增量市場先機及培育新增長點。Handset Components and Assembly BusinessIn the second half of 2023,the Group will closely monitor the market development trend and continue to capitalize on the market opportunities by stepping up its efforts in core technology
166、research and development and innovation,further consolidating its vertically-integrated strengths and reinforcing its key account strategy.While maintaining our industry-leading position in the traditional business,the Group will accelerate the improvement of its forward-looking deployment in the re
167、levant product lines of emerging businesses,so as to promote the business development at full speed and drive the sustained growth of the Groups business and revenue scale.In terms of consumer electronics business,the Group will continue to consolidate its comprehensive competitive advantages and fu
168、rther increase its market share.The Group will continue to deeply explore the core business potential of its major overseas customers,continue to increase the core products share in those customers and actively expand into new categories of products to further expand its business scale.At the same t
169、ime,the Group will strengthen its strategic cooperation with the Android customers in the mid-to-high-end products to continue to expand its technological leadership,thus further consolidating the Groups market leadership position.In terms of new intelligent product business,the evolving development
170、 of emerging technologies,such as artificial intelligence and robots,is driving the diversified development of application scenarios,while also generating more new market demands.Therefore,the Groups forward-looking deployment in the areas of smart homes,game hardware and drones,etc.,will face new d
171、evelopment opportunities.Relying on its industry-leading research and development strength,global presence and comprehensive vertically-integrated capabilities,the Group will continue to deepen its cooperation with leading customers in various segments,fully seize the huge business opportunities in
172、the market,and expand potential new categories and markets to capture opportunities in high-incremental markets and nurture new growth points.20BYD Company Limited比亞迪股份有限公司MANAGEMENT DISCUSSION AND ANALYSIS管理層討論及分析財務回顧營業額及母公司擁有人應佔溢利 期內,營業額較二零二二年上半年上升72.72%,主要是新能源汽車業務增加所致。母公司擁有人應佔溢利較去年同期上升204.68%,主要是
173、新能源汽車銷量增長所致。分部資料以下為本集團於截至二零二三年及二零二二年六月三十日止六個月按產品類別分析的營業額比較:毛利及邊際利潤本集團期內的毛利上升約134.36%至約人民幣47,673百萬元。毛利率由二零二二年上半年約13.51%上升至期內約18.33%。毛利率上升主要是新能源汽車業務增加所致。FINANCIAL REVIEWRevenue and Profit attributable to Owners of the Parent CompanyDuring the Period,revenue increased by 72.72%as compared with that of
174、the first half of 2022,mainly attributable to the rapid growth in the new energy vehicle business.The profit attributable to owners of the parent company increased by 204.68%as compared to the same period of previous year,mainly attributable to the increase in the sales volume of new energy vehicles
175、.Segmental InformationComparisons of the Groups revenue by product categories for the six months ended 30 June 2023 and 2022 are illustrated as follows:2022H12023H12023H12022H120%Mobile handsetcomponents,assembly andother products80%Automobiles andrelated products,and other products27%Mobile handset
176、components,assembly andother products73%Automobiles andrelated products,and other products二零二三年上半年二零二二年上半年手機部件、組裝及其他產品汽車、汽車相關產品及其他產品手機部件、組裝及其他產品汽車、汽車相關產品及其他產品Gross Profit and MarginThe Groups gross profit for the Period increased by approximately 134.36%to approximately RMB47,673 million.The gross p
177、rofit margin increased from approximately 13.51%for the first half of 2022 to approximately 18.33%for the Period.The increased in gross profit margin was mainly due to the increase in the new energy vehicle business.21Interim Report 2023二零二三年中期報告MANAGEMENT DISCUSSION AND ANALYSIS管理層討論及分析Liquidity an
178、d Financial ResourcesDuring the Period,the Group recorded an operating cash inflow of approximately RMB81,971 million,as compared to an operating cash inflow of approximately RMB43,185 million in the first half of last year.The increase in cash inflow of the Group during the Period was mainly attrib
179、utable to the increase in cash generated from the sales of goods and provision of services in operating activities.Total borrowings as at 30 June 2023,including all bank loans,were approximately RMB23,910 million,as compared to the total borrowings as at 31 December 2022,including all bank loans and
180、 bonds,of approximately RMB18,517 million.The maturity profile of bank loans spread over a period of five years,with approximately RMB16,149 million repayable within one year,approximately RMB7,761 million repayable within the second to fifth years.The Group holds sufficient cash to meet daily liqui
181、dity management and capital expenditure requirements,and controls internal operating cash flows.For the six months ended 30 June 2023,the turnover days of receivables(including trade receivables,contract assets and financing receivables)were approximately 46 days as compared to approximately 68 days
182、 for the corresponding period in 2022.The change was mainly due to the fact that the increase of trade receivables balance in average was lower than that of sales revenue over the same period.The inventory turnover days were approximately 72 days for the six months ended 30 June 2023 as compared to
183、approximately 71 days for the corresponding period in 2022,which had no significant change.Capital StructureThe Groups financial division is responsible for the Groups financial risk management which operates according to policies implemented and approved by senior management.As at 30 June 2023,borr
184、owings were mainly settled in RMB,while its cash and cash equivalents were mainly held in RMB and USD.The Group maintained an appropriate mix of equity and debt to ensure an effective capital structure during the Period.As at 30 June 2023,all of the Groups outstanding loans were RMB loans,of which a
185、pproximately 44%(31 December 2022:43%)bore fixed interest rates and the rest bore floating interest rates.The Group monitors its capital using a gearing ratio,which is net debt divided by equity.The Groups policy is to maintain the gearing ratio as low as possible.Net debt includes debt capital less
186、 monetary funds.Equity represents equity attributable to owners of the parent company.Therefore,the Groups gearing ratio as at 30 June 2023 and 31 December 2022 was-43%and-26%,respectively.流動資金及財務資源期內,本集團錄得經營現金流入約人民幣81,971百萬元,而去年上半年則錄得經營現金流入約人民幣43,185百萬元,本集團期內現金流入增加主要是經營活動銷售商品及提供服務收到的現金增加所致。於二零二三年六月
187、三十日的總借貸包括全部銀行貸款,約為人民幣23,910百萬元,而二零二二年十二月三十一日總借貸包括全部銀行貸款及債券,約為人民幣18,517百萬元。銀行貸款的到期還款期限分佈在五年期間,分別須於一年期內償還約人民幣16,149百萬元,於第二至第五年期內償還約人民幣7,761百萬元。本集團持有足夠的現金以滿足日常流動資金管理及資本開支需求,並控制內部經營現金流量。截至二零二三年六月三十日止六個月,應收類款項(含應收賬款,合同資產,應收款項融資)週轉期約46日,而截至二零二二年同期則約為68日,變化的主要原因為應收賬款平均餘額的同期增幅比營業收入的同期增幅小所致。存貨週轉期截至二零二三年六月三十日
188、止六個月約為72日,截至二零二二年同期則約為71日,無明顯變化。資本架構本集團財務處的職責是負責本集團的財務風險管理工作並根據高級管理層實行批核的政策運作。於二零二三年六月三十日,借貸主要以人民幣結算,而其現金及現金等價物則主要以人民幣及美元持有。本集團於期內維持適當的股本及債務組合,以確保具備有效的資本架構。於二零二三年六月三十日,本集團尚未償還貸款均為人民幣貸款,該等尚未償還貸款中約44%(二零二二年十二月三十一日:43%)按固定利率計息,其餘則按浮動利率計息。本集團透過使用資本負債比率(即負債淨額除以權益)監管其資本。本集團的政策為盡量維持低資本負債比率。負債淨額包括債務資本減去貨幣資金
189、。權益為母公司擁有人應佔權益。故本集團於二零二三年六月三十日及二零二二年十二月三十一日的資本負債比率為-43%和-26%。22BYD Company Limited比亞迪股份有限公司MANAGEMENT DISCUSSION AND ANALYSIS管理層討論及分析於二零二三年六月三十日,本集團無(二零二二年十二月三十一日:無)以土地及房屋建築物作為抵押取得長期借款。於二零二三年六月三十日,賬面價值為人民幣151千元(二零二二年十二月三十一日:人民幣880千元)的貨幣資金作為銀行承兌匯票出票保證金而受限,另有人民幣197,785千元(二零二二年十二月三十一日:人民幣166,291千元)為信用保
190、證金、投標保證金及其他受限性質而受限。外匯風險本集團大部分收入及開支以人民幣及美元結算。期內,本集團並無因貨幣匯率的波動而令其營運或流動資金出現任何重大困難或影響。董事相信,本集團將有充足外幣應付其外匯需要,並將採取切實有效的方法防範外匯匯兌風險。僱用、培訓及發展於二零二三年六月三十日,本集團僱用約63.15萬名員工。期內,員工成本總額佔本集團營業額約15.54%。本集團按僱員的表現、資歷及當時的行業慣例釐定給予僱員的報酬,而酬金政策會定期檢討。根據年度工作表現評核,僱員或會獲發花紅及獎金。發放獎勵乃作為個人推動力的鼓勵。此外,本集團亦已採納二零二二年員工持股計劃(員工持股計劃)及比亞迪半導體
191、股份有限公司股權期權激勵計劃(子公司股權期權計劃),均已獲本公司股東分別於二零二二年五月二十七日及二零二一年六月十六日舉行的臨時股東大會上批准。有關員工持股計劃及子公司股權期權計劃的進一步詳情,請分別參閱本報告以下標題為 二零二二年員工持股計劃 及 子公司股權期權計劃 章節。As at 30 June 2023,there were no land and buildings of the Group which were pledged as collateral for long-term borrowings(31 December 2022:nil).As at 30 June 202
192、3,cash and bank balances with book value of RMB151,000(31 December 2022:RMB880,000)were subject to restrictions as deposits of bank acceptance bills;cash and bank balances with book value of RMB197,785,000(31 December 2022:RMB166,291,000)were subject to restrictions as guarantee deposits,bid bond an
193、d others.Exposure to Foreign Exchange RiskMost of the Groups income and expenditure are settled in RMB and US dollar.During the Period,the Group did not experience any significant difficulties in or impacts on its operations or liquidity due to fluctuations in currency exchange rates.The Directors b
194、elieve that the Group has sufficient foreign exchange to meet its own foreign exchange requirements and will adopt practical measures to prevent exposure to exchange rate risk.Employment,Training and DevelopmentAs at 30 June 2023,the Group had approximately 631.5 thousand employees.During the Period
195、,total staff cost accounted for approximately 15.54%of the Groups turnover.Employees remuneration was determined based on performance,qualifications and prevailing industry practices,with compensation policies being reviewed on a regular basis.Bonuses were also awarded to employees,based on the appr
196、aisal on their annual performance.Incentives were offered to encourage personal motivation.In addition,the Group also adopted 2022 Employee Share Ownership Plan(the“Employee Share Ownership Plan”)and Share Option Incentive Scheme(the“Subsidiary Share Option Scheme”)of BYD Semiconductor Company Limit
197、ed(比亞迪半導體股份有限公司),which were approved by the shareholders of the Company at the EGM held on 27 May 2022 and 16 June 2021,respectively.For further details of the Employee Share Ownership Plan and the Subsidiary Share Option Scheme,please refer to the sections headed“2022 Employee Share Ownership Plan”
198、and“Subsidiary Share Option Scheme”in this report.23Interim Report 2023二零二三年中期報告MANAGEMENT DISCUSSION AND ANALYSIS管理層討論及分析二零二二年員工持股計劃茲提述本公司日期為二零二二年四月二十二日的公告及日期為二零二二年五月五日的通函(該通函),內容有關(其中包括)採納員工持股計劃(草案)。本公司股東於本公司於二零二二年五月二十七日舉行的臨時股東大會上批准採納。本次員工持股計劃為本公司的一項酌情員工持股計劃,並不涉及授出發行新股份或本公司任何其他新證券的期權。本次員工持股計劃有利於本公
199、司建立和完善利益共享機制,提高員工凝聚力和本公司競爭力,實現企業的長遠可持續發展。參與對象包括本公司的職工代表監事、高級管理人員以及比亞迪集團的中層管理人員、核心骨幹員工,不包括本公司董事及最高行政人員及其聯繫人,參與本次員工持股計劃的總人數不超過12,000人。本次員工持股計劃通過非交易過戶等法律法規允許的方式受讓公司回購的公司A股股票,受讓價格為人民幣0元股,參與對象無需出資。公司回購專用證券賬戶所持有的5,511,024股公司A股股票已於二零二二年七月十五日以非交易過戶形式過戶至本次員工持股計劃專用證券賬戶,並全部完成授予,緊接授予日前一交易日公司A股股票收盤價為人民幣323.00元股。
200、於本報告日期,上述過戶股票數量約佔公司已發行的總股本的比例為0.189%。本次員工持股計劃第一個鎖定期已於二零二三年七月十五日屆滿,已解鎖比例為本次員工持股計劃持有公司股票總數的30%,對應的標的股票數量為1,653,307股A股股票,佔本公司與本報告日期總股本2,911,142,855股的0.057%。於解鎖日前一交易日,本公司A股股票的收盤價為人民幣264.41元股。2022 EMPLOYEE SHARE OWNERSHIP PLANReferences are made to the announcement dated 22 April 2022 and the circular da
201、ted 5 May 2022(the“Circular”)of the Company in relation to,among others,the adoption of Employee Share Ownership Plan(draft).The adoption was approved by the shareholders of the Company at the extraordinary general meeting of the Company held on 27 May 2022.The Employee Share Ownership Plan is a dis
202、cretionary employee share ownership plan of the Company and does not involve the grant of options to issue new Shares or any other new securities of the Company.The Employee Share Ownership Plan is beneficial for the Company to establish and improve the benefit sharing mechanism,enhance the cohesion
203、 of employees and the competitiveness of the Company,realizing its long-term sustainable development.Participants include employee representative supervisors,senior management of the Company,middle level management and core backbone employees of BYD Group(other than the Directors and chief executive
204、s of the Company and their respective associates).The total number of participants of the Employee Share Ownership Plan shall not exceed 12,000 persons.The Employee Share Ownership Plan transfers the A shares of the Company repurchased through non-trading transfer and other methods permitted by laws
205、 and regulations.The transfer price is RMB0 per share,and the participants do not need to make any payments.The 5,511,024 A shares held by the designated securities repurchase account of the Company have been transferred to the designated securities account for the Employee Share Ownership Plan in t
206、he form of non-trading transfer and granted in full on 15 July 2022,and the closing price of the Companys A shares was RMB323.00 per share on the trading day immediately preceding the grant date.The aforesaid number of shares transferred accounted for approximately 0.189%of the total issued share ca
207、pital of the Company as at the date of this report.The first lock-up period of the Employee Share Ownership Plan had expired on 15 July 2023,and 30%of the total number of shares of the Company maintained under the Employee Share Ownership Plan were vested,which corresponds to 1,653,307 A shares,repr
208、esenting 0.057%of the total share capital of the Company of 2,911,142,855 shares as at the date of this report.The closing price of the Companys A shares was RMB264.41 per share on the trading day immediately preceding the vesting date.24BYD Company Limited比亞迪股份有限公司MANAGEMENT DISCUSSION AND ANALYSIS
209、管理層討論及分析本次員工持股計劃的存續期為48個月,自本次員工持股計劃經股東大會審議通過且本公司公告最後一筆標的股票過戶至本員工持股計劃名下之日起算。因此,截至二零二三年六月三十日,本次員工持股計劃剩餘期限約為37個月。有關本次員工持股計劃及回購本公司A股股票的具體內容分別詳見下方表格以及本報告財務報表附註13。下文載列於本報告期內及直至本報告日期本次員工持股計劃項下A股股票的變動詳情:The term of the Employee Share Ownership Plan shall be 48 months from the date on which the Employee Shar
210、e Ownership Plan is considered and approved at the general meeting and the Company announces that the last batch of the underlying shares is transferred to the Employee Share Ownership Plan.Thus,the remaining life of the Employee Share Ownership Plan is about 37 months as at 30 June 2023.For details
211、 of the Employee Share Ownership Plan and repurchase of A shares of the Company,please refer to the table below and note 13 to the financial statements in this report,respectively.List out below are the details of movement of the A shares under the Employee Share Ownership Plan during the reporting
212、period and up to the date of this report:Type of participantsNo.of A shares available for grant as at 1 January 2023No.of unvested A sharesas at 1 January 2023No.of unvested A shares granted during the reporting periodNo.of A shares vested during the reporting periodNo.of A shares cancelled during t
213、he reporting periodNo.of A shares lapsed during the reporting periodNo.of A shares available for grant/unvested A shares as at 30 June 2023參與對象類別於二零二三年一月一日可供授予A股股票數目於二零二三年一月一日未解鎖A股股票數目於本報告期內授予的未解鎖A股股票數目於本報告期內解鎖的A股股票數目於本報告期內註銷的A股股票數目於本報告期內失效的A股股票數目於二零二三年六月三十日可供授予的A股股票未解鎖A股股票數目 Employee participants(n
214、ote 1)僱員參與者(附註1)Employee representative supervisors and senior management of the Company,middle level management and core backbone employees of BYD Group0(note 2)0(note 2)00(note 3)0(note 4)0(note 4)0(note 5)本公司職工代表監事及高級管理人員、比亞迪集團的中層管理人員及核心 骨幹員工0(附註2)0(附註2)00(附註3)0(附註4)0(附註4)0(附註5)25Interim Report 2
215、023二零二三年中期報告MANAGEMENT DISCUSSION AND ANALYSIS管理層討論及分析註:(1)本次員工持股計劃參與對象不含本公司董事、最高行政人員或主要股東又或其各自的聯繫人;亦不含本公司關連實體參與者或服務提供者。(2)5,511,024股回購A股股票已於二零二二年七月十五日全部授予。緊接授予日前一交易日本公司A股股票收盤價為人民幣323.00元股。於授予日期,授予股票的公允價值為人民幣1,863,773,000元。本次員工持股計劃持有的本公司A股股票分三批解鎖:(a)第一個解鎖期,自本公司公告最後一筆A股股票過戶至本次員工持股計劃名下之日起滿12個月,解鎖數量為本次
216、員工持股計劃所持有A股股票總數的30%;(b)第二個解鎖期,自本公司公告最後一筆A股股票過戶至本員工持股計劃名下之日起算滿24個月,解鎖數量為本次員工持股計劃所持有A股股票總數的30%;及(c)第三個解鎖期,自本公司公告最後一筆A股股票過戶至本次員工持股計劃名下之日起算滿36個月,解鎖數量為本員工持股計劃所持有A股股票總數的40%。授予股票需滿足相關具體條件才可解鎖。關於授予股票解鎖的具體標準詳見本報告財務附註13。(3)於本報告期內,並無任何A股股票被授予。(4)於本報告期內,並無任何A股股票被註銷或失效。(5)由於本報告期內未解鎖任何A股股票,因此本報告期內根據員工持股計劃授予的A股股票可
217、轉讓的股份數量為0。Notes:(1)The participants of the Employee Share Ownership Plan do not include directors,chief executives or substantial shareholders of the Company or their respective associates;or any related entities or service providers of the Company.(2)All the 5,511,024 repurchased A shares were gran
218、ted on 15 July 2022.The closing price of the Companys A shares was RMB323.00 per share on the trading day immediately preceding the grant date.The fair value of the granted shares as at the date of the grant was RMB1,863,773,000.The A Shares under the Employee Share Ownership Plan will be unlocked i
219、n three tranches:(a)The first unlocking period shall be of 12 months commencing from the date of the last transfer of A Shares by the Plan and the relevant announcement by the Company,with the number of shares unlocked being 30%of the total number of A Shares under the Employee Share Ownership Plan;
220、(b)The second unlocking period shall be of 24 months commencing from the date of the last transfer of A Shares by the Plan and the relevant announcement by the Company,with the number of shares unlocked being 30%of the total number of A Shares under the Employee Share Ownership Plan;and(c)The third
221、unlocking period shall be of 36 months commencing from the date of the last transfer of A Shares by the Plan and the relevant announcement by the Company,and the number of shares unlocked being 40%of the total number of A Shares under the Employee Share Ownership Plan.The vesting of the shares grant
222、ed is subject to the fulfillment of relevant specific conditions.For the specific conditions for the vesting of the shares granted,please refer to note 13 to the financial statements of this report.(3)No A shares were granted during the reporting period.(4)No A shares were cancelled or lapsed during
223、 the reporting period.(5)As none of the A shares are vested during the reporting period,the number of shares that may be transferred in respect of A shares granted under Employee Share Ownership Plan during the reporting period is 0.26BYD Company Limited比亞迪股份有限公司MANAGEMENT DISCUSSION AND ANALYSIS管理層
224、討論及分析SUBSIDIARY SHARE OPTION SCHEMEReferences are made to the announcement dated 11 May 2021 and the circular dated 31 May 2021(the“Circular”)of the Company in relation to,among others,the proposed adoption of the Subsidiary Share Option Scheme.The adoption of the Subsidiary Share Option Scheme was
225、approved by the shareholders of the Company at the extraordinary general meeting of the Company held on 16 June 2021.The purpose of the Subsidiary Share Option Scheme is to,among others,further establish and improve the incentive mechanism of BYD Semiconductor,retain and motivate talents,and allow a
226、ll participants to focus on the long-term development of BYD Semiconductor and jointly promote its sustainable development.There are 36 participants in the Subsidiary Share Option Scheme,including directors(excluding independent non-executive directors),senior management and key personnel(excluding
227、supervisors)of BYD Semiconductor.The Subsidiary Share Option Scheme is tailored to be a one-off incentive arrangement for the aforesaid 36 participants only.None of the 36 incentive participants of the Subsidiary Share Option Scheme is a connected person at the Company level.For details of the ident
228、ity and positions of the aforesaid participants,please refer to the Circular.The number of shares of BYD Semiconductor in respect of which the share options involved is 33,088,235 shares(representing 7.353%of the registered share capital of BYD Semiconductor as at the date of this report),and the cu
229、mulative total number of shares of BYD Semiconductor involved under the Subsidiary Share Option Scheme and all other schemes of BYD Semiconductor shall not exceed 10%of the total share capital of BYD Semiconductor in issue as at 16 June 2021,which was the date of approval of the Subsidiary Share Opt
230、ion Scheme by the extraordinary general meeting of the Company.As at the date of this report,an aggregate of 33,088,235 share options,representing all the share options which could be granted under the Subsidiary Share Option Scheme,were granted to 36 employees of BYD Semiconductor pursuant to the t
231、erms and conditions of the Subsidiary Share Option Scheme at the exercise price of RMB4.54 per share.As of 30 June 2023,314,627 share options out of the 33,088,235 share options had been lapsed and cancelled as a result of the resignation of an employee.子公司股權期權計劃茲提述本公司日期為二零二一年五月十一日的公告及日期為二零二一年五月三十一日
232、的通函(該通函),內容有關(其中包括)建議採納子公司股權期權計劃。本公司股東於本公司於二零二一年六月十六日舉行的臨時股東大會上批准採納子公司股權期權計劃。子公司股權期權計劃旨在(其中包括)進一步建立及完善比亞迪半導體的激勵機制、挽留及激勵人才以及允許全體參與方聚焦比亞迪半導體的長期發展並共同促進其可持續發展。子公司股權期權計劃有36名參與者,包括比亞迪半導體董事(不包括獨立非執行董事)、高級管理層及關鍵人員(不包括監事)。子公司股權期權計劃乃僅為上述36名參與者量身定制的一次性激勵安排。概無子公司股權期權計劃的36名激勵參與者乃本公司層面的關連人士。有關上述參與者的身份及職位,請參閱該通函。涉
233、 及 股 權 期 權 的 比 亞 迪 半 導 體 股 份 數 目 為33,088,235股(於本報告日期佔比亞迪半導註冊股本的7.353%)。子公司股權期權計劃項下涉及的比亞迪半導體累計股份總數及比亞迪半導體所有其他計劃不應超過比亞迪半導體於二零二一年六月十六日(本公司臨時股東大會批准子公司股權期權計劃之日)已發行股本總額的10%。於本報告日期,根據子公司股權期權計劃的條款及條件按行權價格每股人民幣4.54元授予比亞迪半導體36名僱員合共33,088,235份股權期權(即子公司股權期權計劃項下可授予的所有股權期權)。截至二零二三年六月三十日,已授予的33,088,235份股權期權中,由於僱員辭
234、任導致314,627份股權期權已失效並註銷。27Interim Report 2023二零二三年中期報告MANAGEMENT DISCUSSION AND ANALYSIS管理層討論及分析子公司股權期權計劃的有效期自股權期權授予日起至激勵對象獲授的股權期權全部行權或注銷之日止,最長不超過十年。根據子公司股權期權計劃授予的股權期權應分三期行使,相應等待期應自授予日期起分別為24個月、36個月及48個月。截至二零二三年六月三十日止,子公司股權期權計劃第一個行權期的可行權股權期權為9,826,411份,其中6,218,756份股權期權獲行權,剩餘3,607,655份股權期權因逾期未行權已注銷。有關行
235、使期、作為股權期權行使條件的績效考核目標的詳情及子公司股權期權計劃的進一步詳情,請參閱該通函及本報告的財務報表附註13。股本於二零二三年六月三十日,本公司的股本如下:The validity period of the Subsidiary Share Option Scheme shall commence from the grant date of the share options and end on the date on which all the share options granted to the incentive participants have been exer
236、cised or cancelled,which shall not be longer than 10 years.The share options granted under the Subsidiary Share Option Scheme shall be exercised in three tranches,and the corresponding vesting periods shall be 24 months,36 months and 48 months respectively from the grant date.As at 30 June 2023,ther
237、e were 9,826,411 exercisable share options for the first exercise period of the Subsidiary Share Option Scheme,of which 6,218,756 share options had been exercised and the remaining 3,607,655 share options had been cancelled as they were not exercised during the exercise period.For further details of
238、 the exercise period,performance appraisal objectives(as conditions of the exercise of the share options)and further details of the Subsidiary Share Option Scheme,please refer to the Circular and note 13 to the financial statements in this report.SHARE CAPITALAs of 30 June 2023,the share capital of
239、the Company is as follows:Number of shares in issueApproximate percentage(%)已發行股份數目約佔百分比(%)A SharesA股1,813,142,85562.28H SharesH股1,098,000,00037.72 Total總數2,911,142,855100.00 28BYD Company Limited比亞迪股份有限公司MANAGEMENT DISCUSSION AND ANALYSIS管理層討論及分析所持重大投資及重大收購及出售附屬公司、聯營公司及合營公司 於本報告期內,概無所持重大投資及重大收購及出售附
240、屬公司、聯營公司及合營公司。資本承擔有關資本承擔業務的詳情,請參閱財務報表附註15。或有負債有關或有負債的詳情,請參閱財務報表附註14。資產負債表日後事項有關資產負債表日後事項的詳情,請參閱財務報表附註18。SIGNIFICANT INVESTMENT HELD AND MATERIAL ACQUISITIONS AND DISPOSALS OF SUBSIDIARIES,ASSOCIATES AND JOINT VENTURESDuring the reporting period,there was no significant investment held,material acqui
241、sition and disposal of subsidiaries,associates and joint ventures.CAPITAL COMMITMENTPlease refer to note 15 to the financial statements for details of capital commitments.CONTINGENT LIABILITIESPlease refer to note 14 to the financial statements for details of contingent liabilities.EVENTS AFTER THE
242、BALANCE SHEET DATEPlease refer to note 18 to the financial statements for details of events after the balance sheet date.29Interim Report 2023二零二三年中期報告MANAGEMENT DISCUSSION AND ANALYSIS管理層討論及分析CORPORATE GOVERNANCECOMPLIANCE WITH THE CORPORATE GOVERNANCE CODE(THE“CODE”)The board of directors of the C
243、ompany(the“Board”)is committed to maintaining and ensuring high standards of corporate governance practises.The Board emphasises on maintaining a quality Board with a balance of expertise,transparency and accountability in order to enhance shareholders value.In the opinion of the Board,the Company h
244、as complied with the applicable code provisions as set out in Appendix 14 to the Listing Rules during the Period,except for the following deviations:Code Provision C.2.1Code provision C.2.1 stipulates that the roles of chairman and chief executive should be separate and should not be performed by th
245、e same individual.Mr.Wang Chuan-fu is the Chairman and Chief Executive Officer of the Company.The Board considers that this structure will not impair the balance of power and authority between the Board and the management.The Board of the Company comprises experienced and high caliber individuals an
246、d meets regularly to discuss issues affecting operations of the Group.The balance of power and authority is ensured by the operation of the Board.The Board believes that this structure is conducive to strong and consistent leadership,enabling the Group to make and implement decisions promptly and ef
247、ficiently.The Board has full confidence in Mr.Wang and believes that his appointment to the posts of Chairman and Chief Executive Officer is beneficial to the business development of the Company.Code Provision C.1.6Code provision C.1.6 stipulates that independent non-executive directors and non-exec
248、utive directors should attend general meetings.Some of the non-executive Directors did not attend the annual general meeting held on 8 June 2023 due to personal affairs at the relevant time.企業管治遵守企業管治守則(守則)本公司董事會(董事會)致力維持並確保企業管治常規處於高水平。董事會強調維持董事會的素質,各董事須具備不同的專長,透明度高而問責制度有效,務求提升股東價值。董事會認為,本公司於期內符合上市規
249、則附錄十四所載的適用守則條列,除以下所述的偏離行為外:守則條文C.2.1守則條文C.2.1規定主席與行政總裁的角色應有區分,並不應由一人同時兼任。王傳福先生為本公司的主席兼行政總裁。董事會認為此架構不會影響董事會與管理層兩者之間的權利和職權的平衡。本公司董事會由極具經驗和才幹的成員組成,並定期開會,以商討影響本集團運作的事項。透過董事會的運作,足以確保權利和職權得到平衡。董事會相信此架構有助於建立穩健而一致的領導權,使本集團能夠迅速及有效地作出及實施各項決定。董事會對王先生充滿信心,相信委任他出任主席兼行政總裁之職,會有利於本公司的業務發展。守則條文C.1.6守則條文第C.1.6條規定,獨立非
250、執行董事及非執行董事應出席股東大會。鑒於部分非執行董事在相關時間因有個人公務,無法全數出席於二零二三年六月八日舉行的股東週年大會。30BYD Company Limited比亞迪股份有限公司MANAGEMENT DISCUSSION AND ANALYSIS管理層討論及分析遵守上市公司董事進行證券交易的標準守則 本公司已採用上市規則附錄十所載的上市公司董事進行證券交易的標準守則(標準守則)作為董事進行證券交易的操守守則。經向全體董事作出特定查詢後,各董事確認在本期間內已遵守標準守則的規定標準。根據上市規則第13.51B(1)條進行的披露 蔡洪平先生已自二零二三年二月二十七日起不再擔任中遠海運發
251、展股份有限公司(一間於香港聯交所及深交所上市的公司,股份代號:H股:02866;A股:601866)的獨立非執行董事。張敏先生已自二零二三年五月十九日不再擔任北京清新環境技術股份有限公司(一間於深交所上市的公司,股份代號:002573)的獨立非執行董事。除上文所披露者,於本報告期內,概無資料須根據上市規則第13.51B(1)條予以披露。買賣或贖回本公司上市證券 於截至二零二三年六月三十日止六個月,本公司或其任何附屬公司均概無買賣或贖回本公司任何上市證券。董事會多元化政策董事會已採用多元化政策,其中載有董事會多元化之方針。本公司認同董事會成員多元化對企業管治及董事會行之有效的重要性,董事會成員多
252、元化政策旨在列載為達致董事會成員多元化而採取的方針,以確保董事會根據本公司業務所需具備適當的技能、經驗及多元化觀點。本公司董事會及提名委員會在設定董事會成員組合時,會從多方面考慮董事會成員多元化,包括但不限於性別、年齡、文化及教育背景、專業經驗、技能及知識。董事會所有委任均以用人唯才為原則,並以客觀準則考慮人選,充分顧及董事會多元化的裨益。COMPLIANCE WITH THE MODEL CODE FOR SECURITIES TRANSACTIONS BY DIRECTORS OF LISTED COMPANIESThe Company has adopted the Model Code
253、 for Securities Transactions by Directors of Listed Issuers(the“Model Code”)as set out in Appendix 10 to the Listing Rules as the code of conduct regarding securities transactions by the Directors.Having made specific enquiry of all Directors,each of the Directors has confirmed compliance with the r
254、equired standard set out in the Model Code during the Period.DISCLOSURE PURSUANT TO RULE 13.51B(1)OF THE LISTING RULESMr.Cai Hong-ping has no longer served as an independent non-executive director of COSCO SHIPPING Development Co.,Ltd.(中遠海運發展股份有限公司)(a company listed on the Hong Kong Stock Exchange a
255、nd the SZSE,stock code:H shares:02866;A shares:601866)with effect from 27 February 2023.Mr.Zhang Min has no longer served as an independent non-executive director of Beijing SPC Environment Protection Tech Co.,Ltd.(北京清新環境技術股份有限公司)(a company listed on the SZSE,stock code:002573)with effect from 19 Ma
256、y 2023.Save as disclosed above,there is no information required to be disclosed pursuant to Rule 13.51B(1)of the Listing Rules during the reporting period.PURCHASE,SALE OR REDEMPTION OF THE COMPANY S LISTED SECURITIESNeither the Company nor any of its subsidiaries had purchased,sold or redeemed any
257、of the listed securities of the Company for the six months ended 30 June 2023.THE BOARDS DIVERSITY POLICYThe Board has adopted the Board Diversity Policy,which sets out the approach to the diversity of Board.The Company recognises the importance of diversity to corporate governance and an effective
258、Board.The Board Diversity Policy aims to set out the approach to achieve Board diversity,so as to ensure that the Board members possess appropriate skills,experience and diverse views necessary for the business of the Company.In determining the Board composition,the Board and Nomination Committee of
259、 the Company consider a range of diversity elements,including but not limited to gender,age,cultural and educational background,professional experience,skills and knowledge.All appointments of the Board will be made based on merit and objective criteria while taking into full account the interest of
260、 the Boards diversity.31Interim Report 2023二零二三年中期報告MANAGEMENT DISCUSSION AND ANALYSIS管理層討論及分析The selection of candidates will be based on a range of diversity elements and measurable objectives which will be reviewed regularly.Such measurable objectives shall include,but be not limited to,gender,ag
261、e,cultural and educational background,professional experience,skills,knowledge and/or terms of service.The final decision will be made according to the strengths of the candidate and his/her contribution that would bring to the Board.Furthermore,pursuant to code provision B.1.3 of the Code,the Board
262、 should review the implementation and effectiveness of the issuers policy on board diversity on an annual basis.The Nomination Committee has performed the above duties in terms of selection of candidates and review of the implementation and effectiveness of the Companys diversity policy during the y
263、ear.Having considered the business and development needs of the Company,the Nomination Committee considers that the current Board is sufficiently diversified in terms of its skills,experience,knowledge,length of service and independence.There were female members in the previous sessions of the Board
264、 of the Company.However,as at the date of this report,all members of the Seventh Session(current session)of the Board are male.The Director for this session of the Board were nominated by the shareholders,and have been considered and approved by the Nomination Committee and the Sixth Session of the
265、Board on 21 August 2020.In addition,they were appointed after consideration and approval at the extraordinary general meeting of the Company held on 8 September 2020(collectively,the“Appointment Procedures for this Session of the Board”).This session of the Board has a term of 3 years with effect fr
266、om 8 September 2020.During the implementation of the Appointment Procedures for this Session of the Board,when appointing the Directors,factors to be taken into consideration by the Company are not limited to age,cultural and educational background,professional experience,skills and knowledge,etc.,a
267、nd gender is not regarded as an important restriction on the candidate selection for the Board.To comply with Rule 13.92 of the Listing Rules,the Company is contemplating to include a female director to join the Board by 31 December 2024 via different channels such as by engaging human resources age
268、ncies to identify potential successors for the Board and enhance gender diversity in the coming years,if necessary,and will emphasize to include gender as a factor to be taken into consideration for achieving the Board diversity.甄選人選將基於一系列多元化觀點及將定期審閱的可計量目標。這些可計量目標包括但不限於性別、年齡、文化背景、教育背景、專業經驗、技能、知識及或服務
269、年期等。最終將按所選人選的優點及其將為董事會帶來的貢獻而作出決定。此外,根據守則第B.1.3守則條文,董事會應每年檢討發行人的董事會多元化政策的實施情況及有效性。提名委員會已履行其年內上述職責,包括甄選人選及審閱公司的董事會多元化政策的實施情況及有效性。經考慮本公司業務及發展需求,提名委員會認為現任董事會在技能、經驗、知識、服務年限及獨立性方面充分表現多樣化格局。本公司歷屆董事會不乏女性董事成員。但截至本報告發佈之日,第七屆(本屆)董事會成員均為男性。本屆董事會董事經股東提名,於二零二零年八月二十一日經提名委員會及第六屆董事會審核通過,並提交公司股東於二零二零年九月八日的臨時股東大會上審議通過
270、並予以委任(合稱 本屆董事會委任程序,本屆董事會成員任期為自二零二零年九月八日起三年。本公司於本屆董事會委任程序實施期間,委任董事考慮的因素包括但不限於年齡、文化及教育背景、專業經驗、技能及知識等,本公司並未將性別作為限制選擇董事會候選人人選的重要因素。為遵守上市規則13.92,本公司正考慮於二零二四年十二月三十一日之前通過不同渠道(如聘請人力資源機構為董事會物色潛在的繼承人並在未來數年內增加性別多元化(如適用)新添女性董事加入董事會,並著重將性別納入本公司實現董事會多元化的考量因素之一。32BYD Company Limited比亞迪股份有限公司MANAGEMENT DISCUSSION A
271、ND ANALYSIS管理層討論及分析審核委員會本公司審核委員會於二零二三年八月二十八日召開會議,審閱本集團採用的會計政策及慣例,並討論核數、內部監控、風險管理及財務申報事宜(包括截至二零二三年六月三十日止六個月的財務報表),其後方向董事會建議批准有關事宜。審核委員會已審閱本集團截至二零二三年六月三十日止六個月的業績。中期股息董事會不建議派付截至二零二三年六月三十日止六個月期間的中期股息(截至二零二二年六月三十日止六個月:無)。AUDIT COMMITTEEA meeting was convened by the Companys audit committee on 28 August 2
272、023 to review the accounting policies and practices adopted by the Group and to discuss auditing,internal control,risk management and financial reporting matters(including reviewing the financial statements for the six months ended 30 June 2023)before recommending them to the Board for approval.The
273、audit committee has reviewed the results of the Group for the six months ended 30 June 2023.INTERIM DIVIDENDThe Board does not recommend the distribution of interim dividend for the six months ended 30 June 2023(for the six months ended 30 June 2022:Nil).33Interim Report 2023二零二三年中期報告MANAGEMENT DISC
274、USSION AND ANALYSIS管理層討論及分析DIRECTORS,SUPERVISORS AND CHIEF EXECUTIVES INTERESTSAs at 30 June 2023,the interests and short positions of each of the Directors,supervisors and chief executives of the Company in the shares,underlying shares and debentures of the Company or any associated corporation(wit
275、hin the meaning of Part XV of the Securities and Futures Ordinance(Cap 571 of the Laws of Hong Kong)(“SFO”)which were required to be notified to the Company and the Hong Kong Stock Exchange pursuant to Divisions 7 and 8 of Part XV of the SFO(including interests which he is taken or deemed to have un
276、der such provisions of the SFO)or were required,pursuant to Section 352 of the SFO,to be entered into the register referred to therein,or which were required,pursuant to the Model Code for Securities Transactions by Directors of Listed Issuers under the Rules Governing the Listing of Securities on t
277、he Hong Kong Stock Exchange,to be notified to the Company and the Hong Kong Stock Exchange(for this purpose,the relevant provisions of the SFO will be interpreted as if they applied to the supervisors)were as follows:A shares of RMB1.00 eachName姓名Number ofA sharesA股數目Approximatepercentage ofsharehol
278、dingin total issuedA shares(%)持股量佔已發行A股總數的概約百分比(%)Approximatepercentage ofshareholdingin totalissued sharecapital(%)持股量佔已發行股本總額的概約百分比(%)Wang Chuan-fu (Director and President)王傳福(董事兼總裁)513,623,850(L)(Note 1)(附註1)28.33%17.64%Lv Xiang-yang (Director)呂向陽(董事)394,378,222(L)(Note 2)(附註2)21.75%13.55%Xia Zuo
279、-quan (Director)夏佐全(董事)82,635,607(L)4.56%2.84%(L)Long Position董事、監事及最高行政人員權益 於二零二三年六月三十日,本公司董事、監事及最高行政人員各自於本公司或任何相聯法團(定義見香港法例第571章證券及期貨條例(證券及期貨條例)第XV部)的股份、相關股份及債券中擁有根據證券及期貨條例第XV部第7及8分部須知會本公司及香港聯交所的權益及淡倉(包括根據證券及期貨條例有關條文持有或被視為擁有的權益),或根據證券及期貨條例第352條須記錄於指定登記冊,或根據香港聯交所證券上市規則的上市公司董事進行證券交易的標準守則須知會本公司及香港聯交所
280、的權益(就此目的而言,證券及期貨條例的相關條文將詮釋為適用於監事)如下:每股面值人民幣1.00元的A股(L)好倉34BYD Company Limited比亞迪股份有限公司MANAGEMENT DISCUSSION AND ANALYSIS管理層討論及分析附註:1.在該513,623,850股A股之中,不包含王先生通過易方達資產比亞迪增持1號資產管理計劃持有的3,727,700股A股股份。2.在該394,378,222股A股之中,239,228,620股A股由呂先生以個人身份持有及155,149,602股A股由融捷投資控股集團有限公司(融捷投資,前稱為廣州融捷投資管理集團有限公司)持有。融捷投
281、資則由呂先生及其配偶分別持有89.5%及10.5%股權,因此根據證券及期貨條例,呂先生被視為於該155,149,602股A股中擁有權益。每股人民幣1.00元的H股(L)好倉附註:於500,000股 H股之中,夏先生以實益擁有人身份持有195,000股H股,而由夏先生全資擁有的Sign Investments Limited則持有305,000股H股。Notes:1.The 513,623,850 A shares did not include the 3,727,700 A shares held by Mr.Wang in No.1 Assets Management Plan throu
282、gh E Fund BYD.2.Of the 394,378,222 A shares,239,228,620 A shares were held by Mr.Lv in his personal capacity and 155,149,602 A shares were held by Youngy Investment Holding Group Co.,Ltd.(融捷投資控股集團有限公司)(“Youngy Investment”,formerly known as Guangzhou Youngy Equity Investment Co.,Ltd(廣州融捷股權投資有限公司).You
283、ngy Investment was in turn held by Mr.Lv and his spouse as to 89.5%and 10.5%of equity interests,respectively.Mr.Lv was therefore deemed to be interested in the 155,149,602 A shares under the SFO.H shares of RMB1.00 eachName姓名Number of H sharesH股數目Approximate percentage of shareholding in total issue
284、d H shares(%)持股量佔已發行H股總數的概約百分比(%)Approximate percentage of shareholdingin total issued share capital(%)持股量佔已發行股本總額的概約百分比(%)Wang Chuan-fu (Director and President)王傳福(董事兼總裁)1,000,000(L)0.09%0.03%Xia Zuo-quan (Director)夏佐全(董事)500,000(L)(Note)(附註)0.05%0.02%(L)Long PositionNote:Of the 500,000 H shares,19
285、5,000 H shares were held by Mr.Xia as a beneficial owner and 305,000 H shares were held by Sign Investments Limited,which was wholly-owned by Mr.Xia.35Interim Report 2023二零二三年中期報告MANAGEMENT DISCUSSION AND ANALYSIS管理層討論及分析除上述披露者外,於二零二三年六月三十日,概無本公司董事、監事或最高行政人員於本公司或其任何相聯法團(定義見證券及期貨條例第XV部)的股份、相關股份或債權證中擁
286、有權益或淡倉而須(a)記錄於本公司根據證券及期貨條例第352條存置的登記冊內;或(b)根據上市公司董事進行證券交易的標準守則須知會本公司及香港聯交所。擁有須予知會權益的股東於二零二三年六月三十日,就本公司董事所知,以下人士(不包括本公司董事、監事及最高行政人員)於本公司股份及相關股份中擁有根據證券及期貨條例第XV部第2及3分部須向本公司及香港聯交所披露或根據證券及期貨條例第336條載入本公司存置的登記冊的權益或淡倉:1、每股面值人民幣1.00元的A股(L)好倉附註:融捷投資由本公司非執行董事呂向陽先生擁有89.5%權益。因此,根據證券及期貨條例,呂先生被視為於融捷投資持有的155,149,60
287、2股A股中擁有權益。Saved as disclosed above,as at 30 June 2023,none of the Directors,supervisors or chief executives of the Company had any interest or short position in the shares,underlying shares or debentures of the Company or any of its associated corporations(within the meaning of Part XV of the SFO)wh
288、ich was required to be(a)recorded in the register to be kept by the Company pursuant to Section 352 of the SFO;or(b)notified to the Company and the Hong Kong Stock Exchange pursuant to the Model Code for Securities Transactions by Directors of Listed Issuers.SHAREHOLDERS WITH NOTIFIABLE INTERESTSAs
289、at 30 June 2023,to the knowledge of the Directors of the Company,the following persons(other than the Directors,supervisors and chief executives of the Company)had interests or short positions in the shares and underlying shares of the Company which were required to be disclosed to the Company and t
290、he Hong Kong Stock Exchange under the provisions of Divisions 2 and 3 of Part XV of the SFO,or were required to be entered in the register kept by the Company pursuant to Section 336 of the SFO:1.A shares of RMB1.00 eachName名稱Number of A sharesA股數目Approximate percentage of shareholding in total issu
291、ed A shares(%)持股量佔已發行A股總數的概約百分比(%)Approximatepercentage of shareholdingin total issued share capital(%)持股量佔已發行股本總額的概約百分比(%)Youngy Investment(Note)融捷投資(附註)155,149,602(L)8.56%5.33%(L)Long Position Note:Youngy Investment is owned by Mr.Lv Xiang-yang,a non-executive Director of the Company,as to 89.5%.M
292、r.Lv is therefore deemed to be interested in the 155,149,602 A shares held by Youngy Investment under the SFO.36BYD Company Limited比亞迪股份有限公司MANAGEMENT DISCUSSION AND ANALYSIS管理層討論及分析2、每股面值人民幣1.00元的H股(L)好倉附註:1.根 據 於 二 零 二 三 年 六 月 二 十 三 日 提 交 的披露權益通知Berkshire Hathaway Inc.及Berkshire Hathaway Energy Co
293、mpany(原名為MidAmerican Energy Holdings Company)分別被視為透過其間接控制公司及全資持有公司Western Capital Group LLC所直接持有的98,603,142股H股,於98,603,142股H股(L)之中擁有權益。2.BlackRock,Inc.的權益乃通過其各控制公司持有,其中306,500股好倉為現金結算非上市衍生工具,及348,500股淡倉為現金結算非上市衍生工具。於二零二三年六月三十日,本公司已發行股本總額為人民幣2,911,142,855元,分為1,813,142,855股每股面值人民幣1.00元的A股及1,098,000,00
294、0股每股面值人民幣1.00元的H股,全部為實收資本。2.H shares of RMB1.00 eachName名稱Number ofH sharesH股數目Approximatepercentage ofshareholdingin total issuedH shares(%)持股量佔已發行H股總數的概約百分比(%)Approximatepercentage ofshareholdingin totalissued sharecapital(%)持股量佔已發行股本總額的概約百分比(%)Berkshire Hathaway Inc.(Note 1)Berkshire Hathaway Inc
295、.(附註1)98,603,142(L)8.98%3.39%Berkshire Hathaway Energy(Note 1)Berkshire Hathaway Energy(附註1)98,603,142(L)8.98%3.39%Western Capital Group LLC(Note 1)Western Capital Group LLC(附註1)98,603,142(L)8.98%3.39%BlackRock,Inc.(Note 2)BlackRock,Inc.(附註2)56,981,853(L)5.19%1.96%351,000(S)0.03%0.01%(L)Long Positio
296、n Notes:1.According to the disclosure of interests notice filed on 23 June 2023,each of Berkshire Hathaway Inc.and Berkshire Hathaway Energy Company(formerly known as MidAmerican Energy Holdings Company)is deemed to be interested in 98,603,142 H Shares(L)through 98,603,142 H Shares directly held by
297、its indirectly controlled corporation and wholly-owned corporation,Western Capital Group LLC,respectively.2.The interests of BlackRock,Inc.were held through its various controlled corporations,and of which 306,500 long positions were cash settled unlisted derivatives,and 348,500 short positions were
298、 cash settled unlisted derivatives.The total issued share capital of the Company as at 30 June 2023 was RMB2,911,142,855,divided into 1,813,142,855 A shares of RMB1.00 each and 1,098,000,000 H shares of RMB1.00 each,all fully paid up.Consolidated Balance Sheet合併資產負債表37Interim Report 2023二零二三年中期報告30
299、June 2023二零二三年六月三十日RMB000 人民幣千元30 June202331 December2022二零二三年六月三十日二零二二年十二月三十一日Note(Unaudited)(Audited)附註(未經審計)(經審計)Assets資產Current assets流動資產 Monetary funds 貨幣資金79,811,26351,471,263 Financial assets held for trading 交易性金融資產13,064,44220,626,930 Trade receivables 應收賬款949,058,86038,828,494 Receivables
300、 financing 應收款項融資7,682,52812,894,284 Prepayments 預付款項4,279,6078,223,567 Other receivables 其他應收款2,011,1671,910,009 Inventories 存貨86,900,48279,107,199 Contract assets 合同資產5,081,67513,552,998 Long-term receivables due within one year 一年內到期的長期應收款3,375,9281,052,562 Other current assets 其他流動資產14,741,18213
301、,136,201 Total current assets流動資產合計266,007,134240,803,507 Non-current assets非流動資產 Long-term receivables 長期應收款4,985,6921,118,637 Long-term equity investments 長期股權投資16,473,88615,485,402 Other equity instrument investments 其他權益工具投資5,197,9144,418,584 Other non-current financial assets 其他非流動金融資產2,429,094
302、2,147,140 Investment properties 投資性房地產83,75785,005 Fixed assets 固定資產181,104,955131,880,369 Construction in progress 在建工程51,589,60044,621,935 Right-of-use assets 使用權資產3,488,0153,137,327 Intangible assets 無形資產30,614,51023,223,497 Development expenditures 開發支出1,592,6271,683,000 Goodwill 商譽65,91465,914
303、Long-term deferred expenditures 長期待攤費用796,848458,108 Deferred tax assets 遞延所得稅資產5,206,9153,686,905 Other non-current assets 其他非流動資產21,496,54621,045,316 Total non-current assets非流動資產合計325,126,273253,057,139 Total assets資產總計591,133,407493,860,646 The accompanying notes form an integral part of these f
304、inancial statements後附財務報表附註為本財務報表的組成部分Consolidated Balance Sheet合併資產負債表38BYD Company Limited比亞迪股份有限公司30 June 2023二零二三年六月三十日RMB000 人民幣千元30 June202331 December2022二零二三年六月三十日二零二二年十二月三十一日Notes(Unaudited)(Audited)附註(未經審計)(經審計)Liabilities負債Current liabilities流動負債 Short-term borrowings 短期借款9,835,1415,153,0
305、98 Financial liabilities held for trading 交易性金融負債140,69754,605 Bills payables 應付票據103,603,3873,328,419 Trade payables 應付賬款11165,489,829140,437,310 Contract liabilities 合同負債35,084,86635,516,571 Employee benefits payables 應付職工薪酬14,584,42712,037,011 Tax payables 應交稅費4,452,6824,326,394 Other payables 其他
306、應付款159,018,267122,123,841 Provision 預計負債2,040,6521,287,452 Non-current liabilities due within one year 一年內到期的非流動負債7,225,4826,464,828 Other current liabilities 其他流動負債2,214,1712,615,032 Total current liabilities流動負債合計403,689,601333,344,561 Non-current liabilities非流動負債 Long-term borrowings 長期借款7,760,84
307、47,593,596 Bond payables 應付債券 Lease liabilities 租賃負債2,852,4842,617,274 Deferred tax liabilities 遞延所得稅負債2,612,8192,018,530 Other non-current liabilities 其他非流動負債43,816,50326,896,848 Total non-current liabilities非流動負債合計57,042,65039,126,248 Total liabilities負債合計460,732,251372,470,809 The accompanying no
308、tes form an integral part of these financial statements後附財務報表附註為本財務報表的組成部分Consolidated Balance Sheet合併資產負債表39Interim Report 2023二零二三年中期報告30 June 2023二零二三年六月三十日RMB000 人民幣千元30 June202331 December2022二零二三年六月三十日二零二二年十二月三十一日Note(Unaudited)(Audited)附註(未經審計)(經審計)Shareholders equity股東權益Shareholders equity股東
309、權益 Share capital 股本122,911,1432,911,143 Capital reserve 資本公積62,265,71761,705,893 Less:Treasury shares 減:庫存股1,809,9201,809,920 Other comprehensive income 其他綜合收益870,198428,332 Special reserve 專項儲備17,01112,078 Surplus reserve 盈餘公積6,838,5416,838,541 Undistributed profit 未分配利潤48,572,85240,943,232 Total s
310、hareholders equity attributable to the parent company歸屬於母公司股東權益合計119,665,542111,029,299Non-controlling interests少數股東權益10,735,61410,360,538 Total shareholders equity股東權益合計130,401,156121,389,837 Total liabilities and shareholders equity負債和股東權益總計591,133,407493,860,646 The accompanying notes form an int
311、egral part of these financial statementsThe financial statement was signed by the following persons:Legal representative:Chief Financial Officer:Head of Accounting Department:Wang Chuan-fu Zhou Ya-linLiu Hui法定代表人:主管會計工作負責人:會計機構負責人:王傳福周亞琳劉惠後附財務報表附註為本財務報表的組成部分財務報表由以下人士簽署:Consolidated Income Statement合
312、併利潤表40BYD Company Limited比亞迪股份有限公司Six months ended 30 June 2023截至二零二三年六月三十日止六個月期間RMB000 人民幣千元For thesix monthsended30 June2023For thesix monthsended30 June2022截至二零二三年六月三十日止六個月期間截至二零二二年六月三十日止六個月期間Notes(Unaudited)(Unaudited)附註(未經審計)(未經審計)I.Operating revenue一、營業收入5260,124,143150,607,252Less:Operating c
313、osts減:營業成本5212,451,556130,265,478Tax and surcharge稅金及附加4,648,3232,380,322Selling expenses銷售費用10,838,0544,722,663Administrative expenses管理費用6,818,6373,670,510Research and development expenses研發費用13,834,6485,424,256Finance expenses財務費用(1,102,954)(898,445)Including:Interest expenses 其中:利息費用977,473652,6
314、84Interest income利息收入1,168,146844,379Add:Other income加:其他收益1,857,641649,549Investment gain/(loss)投資收益(損失)590,770(369,664)Including:Investment gains/(losses)in associates and joint ventures其中:對聯營企業和合營企業 的投資收益(損失)597,938(404,634)Loss on derecognition of financial assets measured at amortised cost以攤餘成本
315、計量的 金融資產終止確 認損失(11,267)Gains/(losses)from changes in fair value公允價值變動收益(損失)86,896(16,041)Impairment losses on credit信用減值損失(610,523)(228,157)Impairment losses on asset資產減值損失(905,154)(431,992)Gains/(losses)from disposal of assets資產處置收益(損失)75,774(24,047)II.Operating profit二、營業利潤13,731,2834,622,116Add:N
316、on-operating income加:營業外收入305,965211,760Less:Non-operating expenses減:營業外支出637,328192,395 III.Total profit三、利潤總額13,399,9204,641,481Less:Income tax expenses減:所得稅費用61,960,201708,345 IV.Net profit四、淨利潤11,439,7193,933,136 The accompanying notes form an integral part of these financial statements後附財務報表附註為
317、本財務報表的組成部分Consolidated Income Statement合併利潤表41Interim Report 2023二零二三年中期報告Six months ended 30 June 2023截至二零二三年六月三十日止六個月期間RMB000 人民幣千元For thesix monthsended30 June2023For thesix monthsended30 June2022截至二零二三年六月三十日止六個月期間截至二零二二年六月三十日止六個月期間Notes(Unaudited)(Unaudited)附註(未經審計)(未經審計)V.Classified by continui
318、ty of operation五、按經營持續性分類Net profit from continuing operations持續經營淨利潤11,439,7193,933,136 VI.Classified by ownership六、按所有權歸屬分類Net profit attributable to shareholders of the parent company歸屬於母公司所有者的淨利潤10,954,1453,595,279 Non-controlling interests少數股東損益485,574337,857 VII.Earnings per share(RMB/share)七、
319、每股收益(元股)Basic earnings per share基本每股收益83.771.24 Diluted earnings per share稀釋每股收益83.771.24 The accompanying notes form an integral part of these financial statements後附財務報表附註為本財務報表的組成部分Consolidated Income Statement合併利潤表42BYD Company Limited比亞迪股份有限公司Six months ended 30 June 2023截至二零二三年六月三十日止六個月期間RMB000
320、 人民幣千元For thesix monthsended30 June2023For thesix monthsended30 June2022截至二零二三年六月三十日止六個月期間截至二零二二年六月三十日止六個月期間Notes(Unaudited)(Unaudited)附註(未經審計)(未經審計)VIII.Other comprehensive income/(loss)八、其他綜合收益(虧損)450,683(27,754)Other comprehensive income/(loss)that cannot be reclassified to profit or loss不能重分類進損益
321、的其他綜合 收益(虧損)Changes in fair value of other equity instrument investments其他權益工具投資公允價值變動496,02794,158Income tax impact所得稅影響(122,515)(17,589)Other comprehensive income/(loss)that will be reclassified to profit or loss將重分類進損益的其他綜合收益 (虧損)Exchange difference on foreign currency translation外幣報表折算差額29,382(9
322、1,727)Changes in fair value of receivables financing應收款項融資公允價值變動41,092(10,850)Provision for credit impairment of receivables financing應收款項融資信用減值準備(2,120)1,698Other comprehensive income/(loss)attributable to non-controlling interests,net of tax歸屬於少數股東的其他綜合收益 (虧損)的稅後淨額8,817(3,444)IX.Total comprehensiv
323、e income九、綜合收益總額11,890,4023,905,382 Among which:其中:Total comprehensive income attributable to shareholders of the parent company 歸屬於母公司股東的綜合 收益總額11,396,0113,570,969 Total comprehensive income attributable to non-controlling interests 歸屬於少數股東的綜合收益總額494,391334,413 The accompanying notes form an integr
324、al part of these financial statements後附財務報表附註為本財務報表的組成部分Consolidated Statement of Changes in Owners Equity合併股東權益變動表43Interim Report 2023二零二三年中期報告Six months ended 30 June 2023截至二零二三年六月三十日止六個月期間RMB000 人民幣千元For the six months ended 30 June 2023(Unaudited)Shareholders equity attributable to the parent c
325、ompany歸屬於母公司股東權益 SharecapitalCapitalreserveLess:TreasurysharesOthercomprehensiveincomeSpecialreserveSurplusreserveUndistributedprofitSub-totalNon-controllinginterestsTotalshareholdersequity股本資本公積減:庫存股其他綜合收益專項儲備盈餘公積未分配利潤小計少數股東權益股東權益合計 I.Opening balance for the period一、本期期初餘額2,911,14361,705,8931,809,9
326、20428,33212,0786,838,54140,943,232111,029,29910,360,538121,389,837 II.Amount of change in the current period二、本期增減變動金額(I)Total comprehensive income(一)綜合收益總額441,86610,954,14511,396,011494,39111,890,402(II)Capital contribution and reduction by shareholders(二)股東投入和減少資本1 Ordinary shares contributed by s
327、hareholders1 股東投入的普通股2 Share-based payment recognized in shareholders equity2 股份支付計入股東 權益的金額559,798559,7988,057567,8553 Others3 其他2626(75)(49)(III)Profit distribution(三)利潤分配1 Appropriation to surplus reserve1 提取盈餘公積2 Distribution to shareholders2 對股東的分配(3,324,525)(3,324,525)(127,297)(3,451,822)(IV)S
328、pecial reserve(四)專項儲備Appropriation for the period本期提取4,9334,9334,933 III.Closing balance for the period三、本期期末餘額2,911,14362,265,7171,809,920870,19817,0116,838,54148,572,852119,665,54210,735,614130,401,156 後附財務報表附註為本財務報表的組成部分The accompanying notes form an integral part of these financial statements截至二
329、零二三年六月三十日止六個月期間(未經審計)Consolidated Statement of Changes in Owners Equity合併股東權益變動表44BYD Company Limited比亞迪股份有限公司Six months ended 30 June 2023截至二零二三年六月三十日止六個月期間RMB000 人民幣千元For the six months ended 30 June 2022(Unaudited)Shareholders equity attributable to the parent company歸屬於母公司股東權益 SharecapitalCapita
330、lreserveLess:TreasurysharesOthercomprehensivelossSpecialreserveSurplusreserveUndistributedprofitSub-totalNon-controllinginterestsTotalshareholdersequity股本資本公積減:庫存股其他綜合虧損專項儲備盈餘公積未分配利潤小計少數股東權益股東權益合計 I.Opening balance for the period一、本期期初餘額2,911,14360,807,219(124,055)10,3695,009,08826,455,90795,069,671
331、9,174,538104,244,209 II.Amount of change in the current period二、本期增減變動金額(I)Total comprehensive income(一)綜合收益總額(24,310)3,595,2793,570,969334,4133,905,382(II)Capital contribution and reduction by shareholders(二)股東投入和減少資本1 Ordinary shares contributed by shareholders1 股東投入的普通股178,625178,6252 Share-based
332、 payment recognized in shareholders equity2 股份支付計入股東 權益的金額36,91836,91814,14451,0623 Others3 其他11,3991,809,920(1,798,521)115,817(1,682,704)(III)Profit distribution(三)利潤分配1 Appropriation to surplus reserve1 提取盈餘公積 -2 Distribution to shareholders2 對股東的分配(305,670)(305,670)(79,464)(385,134)(IV)Special re
333、serve(四)專項儲備Appropriation for the period本期提取5,4745,4745,474(V)Others(五)其他Repurchase rights of minority shareholders of subsidiaries子公司少數股東 回購權30,20030,200(106,848)(76,648)III.Closing balance for the period三、本期期末餘額2,911,14360,885,7361,809,920(148,365)15,8435,009,08829,745,51696,609,0419,631,225106,240,266 後附財務報表附註為本財務報表的組成部分The accompanying notes form an integral part of these financial statements截