BYD Co., Ltd. 2025 Related Party Transactions Disclosure, Operating Transactions Dominate

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Fangfang Net data: BYD Company Limited (hereinafter referred to as “BYD”) recently disclosed a summary table of its non-operating funds occupation and other related-party fund transactions for fiscal year 2025. The announcement shows that, as of December 31, 2025, the company has no non-operating funds occupation by its controlling shareholder, actual controller, or their subsidiaries.

In terms of related-party fund transactions, the statements mainly divide them into two parts: non-operating transactions and operating transactions. Non-operating transactions mainly occur between BYD and its subsidiaries, involving the accounts receivable-other subject. Among these, the amount due from/by BYD (H.K.) CO., LIMITED is the largest, reaching RMB 13.416 billion at period-end; transactions with BYD Auto Industry Co., Ltd. are significantly higher, with a cumulative amount of RMB 13.535 billion during the year. In addition, transactions with multiple subsidiaries such as BYD Precision Manufacturing Co., Ltd. involved large-scale repayments or occurrences within the reporting period.

Operating transactions, on the other hand, widely exist between the company and its joint ventures, associates, and other related parties, involving accounts receivable and prepayments, mainly generated by normal procurement and sales business activities. Key figures show that, with respect to joint venture BYD UZBEKISTAN FACTORY LLC, the accounts receivable balance at period-end reached RMB 1.017 billion; with respect to associate Shenzhen Fujia Auto Parts Co., Ltd., the accounts receivable transaction amount was RMB 468 million, the repayment amount was RMB 519 million, and the period-end balance was RMB 106 million. Other related parties, such as BYD Auto Finance Co., Ltd. and Meituan Better Travel (Hangzhou) Automotive Technology Co., Ltd., also show relatively active operating fund transactions.

Overall, BYD’s related-party fund transactions for 2025 are primarily centered on operating transactions generated from daily business activities, reflecting close business cooperation between the company and related enterprises across the upstream and downstream of the industrial chain. During the reporting period, related fund transactions occurred frequently, and some project balances were relatively large, but no violations involving non-operating funds occupation were disclosed. This summary table reflects the company’s receivables and payables position regarding funds between the company and each related party at the end of the reporting period; it is a regular component of how the company standardizes related-party transactions and makes information disclosures.

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