BYD Co Ltd Class A
BYD Company Limited, together with its subsidiaries, engages in automobiles and batteries business in the People's Republic of China, Hong Kong, Macau, Taiwan, and internationally. It operates in two segments, Mobile Handset Components, Assembly Service and Other Products; and Automobiles and Related Products and Other Products. The Mobile Handset Components, Assembly Service and Other Products s… Read more
BYD Co Ltd Class A (002594) - Net Assets
Latest net assets as of September 2025: CN¥232.74 Billion CNY
Based on the latest financial reports, BYD Co Ltd Class A (002594) has net assets worth CN¥232.74 Billion CNY as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥901.93 Billion) and total liabilities (CN¥669.18 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥232.74 Billion |
| % of Total Assets | 25.81% |
| Annual Growth Rate | 21.72% |
| 5-Year Change | 208.26% |
| 10-Year Change | 451.46% |
| Growth Volatility | 31.51 |
BYD Co Ltd Class A - Net Assets Trend (2002–2024)
This chart illustrates how BYD Co Ltd Class A's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for BYD Co Ltd Class A (2002–2024)
The table below shows the annual net assets of BYD Co Ltd Class A from 2002 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥198.69 Billion | +32.05% |
| 2023-12-31 | CN¥150.46 Billion | +23.95% |
| 2022-12-31 | CN¥121.39 Billion | +16.45% |
| 2021-12-31 | CN¥104.24 Billion | +61.73% |
| 2020-12-31 | CN¥64.45 Billion | +2.96% |
| 2019-12-31 | CN¥62.60 Billion | +3.14% |
| 2018-12-31 | CN¥60.69 Billion | +1.23% |
| 2017-12-31 | CN¥59.96 Billion | +8.21% |
| 2016-12-31 | CN¥55.41 Billion | +53.79% |
| 2015-12-31 | CN¥36.03 Billion | +24.69% |
| 2014-12-31 | CN¥28.89 Billion | +16.25% |
| 2013-12-31 | CN¥24.86 Billion | +2.95% |
| 2012-12-31 | CN¥24.14 Billion | +0.68% |
| 2011-12-31 | CN¥23.98 Billion | +13.38% |
| 2010-12-31 | CN¥21.15 Billion | +11.16% |
| 2009-12-31 | CN¥19.03 Billion | +42.66% |
| 2008-12-31 | CN¥13.34 Billion | +7.47% |
| 2007-12-31 | CN¥12.41 Billion | +147.44% |
| 2006-12-31 | CN¥5.02 Billion | +25.55% |
| 2005-12-31 | CN¥3.99 Billion | +1.73% |
| 2004-12-31 | CN¥3.93 Billion | +15.50% |
| 2003-12-31 | CN¥3.40 Billion | +29.16% |
| 2002-12-31 | CN¥2.63 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to BYD Co Ltd Class A's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 20952.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥98.65 Billion | 53.25% |
| Common Stock | CN¥2.91 Billion | 1.57% |
| Other Comprehensive Income | CN¥77.04 Billion | 41.59% |
| Other Components | CN¥6.65 Billion | 3.59% |
| Total Equity | CN¥185.25 Billion | 100.00% |
BYD Co Ltd Class A Competitors by Market Cap
The table below lists competitors of BYD Co Ltd Class A ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
American Tower REIT
LSE:0HEU
|
$87.59 Billion |
|
Canadian Imperial Bank Of Commerce
NYSE:CM
|
$88.19 Billion |
|
Williams Companies Inc
NYSE:WMB
|
$88.33 Billion |
|
China Mobile Limited
SHG:600941
|
$88.53 Billion |
|
Intercontinental Exchange Inc
NYSE:ICE
|
$86.83 Billion |
|
Banco Santander S.A
PINK:BCDRF
|
$86.81 Billion |
|
American Tower Corp
NYSE:AMT
|
$86.39 Billion |
|
Hitachi Ltd
PINK:HTHIF
|
$86.13 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in BYD Co Ltd Class A's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 138,810,065,000 to 185,251,104,000, a change of 46,441,039,000 (33.5%).
- Net income of 40,254,346,000 contributed positively to equity growth.
- Dividend payments of 9,636,015,000 reduced retained earnings.
- Share repurchases of 400,028,000 reduced equity.
- Other comprehensive income increased equity by 67,325,025,000.
- Other factors decreased equity by 51,102,289,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥40.25 Billion | +21.73% |
| Dividends Paid | CN¥9.64 Billion | -5.2% |
| Share Repurchases | CN¥400.03 Million | -0.22% |
| Other Comprehensive Income | CN¥67.33 Billion | +36.34% |
| Other Changes | CN¥-51.10 Billion | -27.59% |
| Total Change | CN¥- | 33.46% |
Book Value vs Market Value Analysis
This analysis compares BYD Co Ltd Class A's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 4.85x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 130.14x to 4.85x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2002-12-31 | CN¥0.79 | CN¥102.87 | x |
| 2003-12-31 | CN¥1.00 | CN¥102.87 | x |
| 2004-12-31 | CN¥1.19 | CN¥102.87 | x |
| 2005-12-31 | CN¥1.21 | CN¥102.87 | x |
| 2006-12-31 | CN¥0.80 | CN¥102.87 | x |
| 2007-12-31 | CN¥1.74 | CN¥102.87 | x |
| 2008-12-31 | CN¥1.84 | CN¥102.87 | x |
| 2009-12-31 | CN¥2.34 | CN¥102.87 | x |
| 2010-12-31 | CN¥2.59 | CN¥102.87 | x |
| 2011-12-31 | CN¥3.05 | CN¥102.87 | x |
| 2012-12-31 | CN¥2.60 | CN¥102.87 | x |
| 2013-12-31 | CN¥3.01 | CN¥102.87 | x |
| 2014-12-31 | CN¥3.51 | CN¥102.87 | x |
| 2015-12-31 | CN¥4.27 | CN¥102.87 | x |
| 2016-12-31 | CN¥6.36 | CN¥102.87 | x |
| 2017-12-31 | CN¥6.31 | CN¥102.87 | x |
| 2018-12-31 | CN¥6.15 | CN¥102.87 | x |
| 2019-12-31 | CN¥6.94 | CN¥102.87 | x |
| 2020-12-31 | CN¥6.95 | CN¥102.87 | x |
| 2021-12-31 | CN¥11.03 | CN¥102.87 | x |
| 2022-12-31 | CN¥12.71 | CN¥102.87 | x |
| 2023-12-31 | CN¥15.91 | CN¥102.87 | x |
| 2024-12-31 | CN¥21.23 | CN¥102.87 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently BYD Co Ltd Class A utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 21.73%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.18%
- • Asset Turnover: 0.99x
- • Equity Multiplier: 4.23x
- Recent ROE (21.73%) is above the historical average (12.12%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 25.60% | 28.74% | 0.72x | 1.25x | CN¥401.16 Million |
| 2003 | 25.57% | 20.36% | 0.74x | 1.71x | CN¥505.36 Million |
| 2004 | 23.12% | 13.88% | 0.75x | 2.23x | CN¥507.32 Million |
| 2005 | 9.38% | 5.65% | 0.61x | 2.72x | CN¥-24.40 Million |
| 2006 | 20.45% | 7.71% | 0.86x | 3.07x | CN¥516.15 Million |
| 2007 | 15.05% | 7.60% | 0.72x | 2.74x | CN¥540.90 Million |
| 2008 | 9.05% | 3.68% | 0.85x | 2.88x | CN¥-107.31 Million |
| 2009 | 22.74% | 9.23% | 1.02x | 2.42x | CN¥2.13 Billion |
| 2010 | 13.67% | 5.21% | 0.91x | 2.87x | CN¥677.38 Million |
| 2011 | 6.55% | 2.84% | 0.74x | 3.11x | CN¥-727.83 Million |
| 2012 | 0.38% | 0.17% | 0.70x | 3.24x | CN¥-2.04 Billion |
| 2013 | 2.55% | 1.05% | 0.69x | 3.52x | CN¥-1.62 Billion |
| 2014 | 1.71% | 0.74% | 0.62x | 3.71x | CN¥-2.10 Billion |
| 2015 | 8.74% | 3.53% | 0.69x | 3.58x | CN¥-406.00 Million |
| 2016 | 9.86% | 4.88% | 0.71x | 2.83x | CN¥-73.44 Million |
| 2017 | 7.39% | 3.84% | 0.59x | 3.24x | CN¥-1.43 Billion |
| 2018 | 5.04% | 2.14% | 0.67x | 3.52x | CN¥-2.74 Billion |
| 2019 | 2.84% | 1.26% | 0.65x | 3.45x | CN¥-4.06 Billion |
| 2020 | 7.44% | 2.70% | 0.78x | 3.53x | CN¥-1.45 Billion |
| 2021 | 3.20% | 1.41% | 0.73x | 3.11x | CN¥-6.46 Billion |
| 2022 | 14.97% | 3.92% | 0.86x | 4.45x | CN¥5.52 Billion |
| 2023 | 21.64% | 4.99% | 0.89x | 4.90x | CN¥16.16 Billion |
| 2024 | 21.73% | 5.18% | 0.99x | 4.23x | CN¥21.73 Billion |
Industry Comparison
This section compares BYD Co Ltd Class A's net assets metrics with peer companies in the Auto Manufacturers industry.
Industry Context
- Industry: Auto Manufacturers
- Average net assets among peers: $10,903,504,439
- Average return on equity (ROE) among peers: -42.43%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| BYD Co Ltd Class A (002594) | CN¥232.74 Billion | 25.60% | 2.88x | $87.17 Billion |
| Weichai Power Co Ltd Class A (000338) | $40.85 Billion | 12.24% | 1.95x | $22.99 Billion |
| Haima Automobile Group Co Ltd (000572) | $51.44 Million | 0.00% | 13.34x | $994.86 Million |
| Chongqing Changan Automobile Co Ltd (000625) | $46.15 Billion | 1.47% | 1.03x | $12.14 Billion |
| Faw Car Co Ltd (000800) | $4.48 Billion | 10.21% | 0.28x | $984.75 Million |
| Anhui Ankai Automobile Co Ltd (000868) | $1.38 Billion | 6.88% | 2.00x | $311.06 Million |
| Kunming Yunnei Power Co Ltd (000903) | $3.54 Billion | 4.55% | 0.82x | $463.94 Million |
| Zhejiang Qianjiang Motorcycle Co Ltd (000913) | $832.28 Million | 13.17% | 0.69x | $570.39 Million |
| Zotye Automobile Co Ltd (000980) | $240.46 Million | -416.07% | 14.00x | $1.37 Billion |
| Yinyi Real Estate Co Ltd (000981) | $596.31 Million | -14.36% | 0.78x | $1.56 Billion |