BYD Financial Statement Performance Study

Abstract

In the context of carbon neutrality and carbon peaking, BYD, as a representative of new energy vehicle enterprises, actively responds to the national strategy to develop green technology products such as photovoltaic, energy storage, cloud rail, etc., to open up the various links of energy acquisition, storage and application, and the company's market value reaches 778 billion in 2021. This paper analyzes its financial data before and after the development of new energy business, it can be found that BYD has a large amount of receivables, and the asset structure is not reasonable, there is a high financial risk; net sales margin and return on net assets have not yet formed a leading position in the industry; but the growth ability maintains a more prominent position in the industry. Although BYD was in a short "slump" at the beginning of the new energy industry, mainly due to the general rise of raw materials under the premise of more stable operating income, net profit declined; the new energy subsidies to retreat on net profit had a negative effect, but the relevant data will be more real; increased investment in research and development, expansion of industrial scale for its temporary financial pressure, but laid the foundation for occupying more market share later.