Performance | BYD Electronics earned 18% less last year

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BYD Electronic (00285) announced that, as of the end of last year, its annual profit was 3.515 billion yuan (RMB, same below), a year-on-year decrease of 17.61%, with earnings per share of 1.56 yuan; a final dividend of 15.6 cents was declared.

During the period, revenue was 179.477 billion yuan, an increase of 1.22% year-on-year.

In terms of future strategy, the group will continue to focus on core technology research and development, enhance its high-end manufacturing innovation capabilities, continuously strengthen vertical integration barriers, deepen strategic cooperation with major clients, and strive to seize the high ground in future markets. While consolidating its leading position in the smart terminal industry, the new energy vehicle business will maintain rapid growth, and emerging businesses such as AI computing infrastructure and AI robots will accelerate growth, jointly driving the group’s substantial development.

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