(Stock Code 股份代號 : 285) 2021年年報 Annual Report BYD Electronic (International) Company Limited ("BYD Electronic" or the "Company"; together with its subsidiaries known as the "Group"; stock code: 0285) was spun off from BYD Company Limited ("BYD", stock code: 1211) and listed on the Main Board of The Stock Exchange of Hong Kong Limited on 20 December 2007. BYD Electronic is a global leading high-end platform-based manufacturing enterprise, providing world renowned customers with innovative materials developme ...

Financial Performance - BYD Electronic reported a revenue of approximately RMB 53,028 million for the year ended December 31, 2019, representing a year-on-year increase of 29.19%[15] - The net profit attributable to equity holders of the parent company decreased by 27.00% to RMB 1,598 million compared to the previous year[15] - The gross profit margin for 2019 was 7%, down from 10% in 2018[6] - The total assets of the company reached RMB 28,026,974 thousand, an increase from RMB 26,051,172 thousand in 2018[7] - The company maintained a current ratio of 1.64, indicating a stable liquidity position[7] - The group recorded a sales revenue of approximately RMB 53,028 million in 2019, representing a year-on-year increase of about 29.19%[19] - The net profit attributable to shareholders decreased by approximately 27.00% to about RMB 1,598 million compared to 2018[19] - The smartphone and laptop business generated revenue of RMB 454.09 billion, an increase of approximately 27.85% year-on-year, with assembly revenue growing by 53.37%[20] - The new smart products segment achieved revenue of approximately RMB 60.25 billion, accounting for 11.36% of total revenue, and grew by about 38.83% compared to 2018[20] - The automotive intelligent systems business generated revenue of approximately RMB 15.94 billion, representing a year-on-year growth of about 33.94%[20] Market Trends - The smartphone market saw a decline in shipments, with global smartphone shipments down 2.3% to 1.37 billion units in 2019[15] - The global smartphone shipment volume declined by 2.3% to 1.37 billion units in 2019, with China's smartphone shipments decreasing by 4.7% to 372 million units[18] - The company is leveraging opportunities from 5G commercialization to drive business transformation and growth across its three major business segments[19] - The Chinese smart home market is expected to enter a phase of scaled development in 2020, presenting significant growth potential for the company[23] - By 2025, it is projected that 80% of new car sales in China will be connected vehicles, with the total market size exceeding RMB 1 trillion[23] Corporate Governance - The board consists of seven directors, including two executive directors, two non-executive directors, and three independent non-executive directors[49] - The company has implemented corporate governance practices in accordance with the applicable provisions of the Listing Rules, except for a deviation regarding the attendance of independent non-executive directors at the annual general meeting[47] - The board held nine meetings during the year to discuss overall strategy, operational and financial performance, and other significant business matters[49] - The company is committed to maintaining high standards of corporate governance to enhance confidence among shareholders, investors, employees, and business partners[47] - The independent non-executive directors have confirmed their independence in accordance with the Listing Rules[49] Environmental Responsibility - In 2019, the total greenhouse gas emissions of the company were approximately 1.1111 million tons of CO2, calculated based on the power purchase emission factors[87] - The company generated approximately 2,437,084 tons of wastewater in 2019, which was treated and discharged after meeting standards[88] - The total amount of hazardous solid waste produced in 2019 was approximately 13,330 tons, reduced by 3,683 tons compared to the previous year[88] - The company achieved a total water consumption of approximately 8,025,764 cubic meters in 2019, with a water saving of about 1,332,800 cubic meters[97] - The total energy consumption in 2019 was approximately 1,306,366,854 KWH, with natural gas consumption around 3,112,771 cubic meters[96] Employee Engagement and Development - The company emphasizes the importance of talent as the primary resource, focusing on systematic and humanized human resource management to enhance employee performance and growth[104] - In 2019, the female employee ratio remained stable at approximately 35%, with female managers accounting for 24% of the management team[106] - The company organized various entertainment activities in 2019 to enrich employees' cultural lives and improve overall satisfaction[116] - In 2019, the company conducted over 130,000 training sessions, with a total of approximately 4.95 million participants, achieving a total training duration of 13.84 million hours, averaging about 82 hours per person[129] - The company maintained a zero fatal accident record throughout 2019, emphasizing its commitment to health and safety for all employees[123] Supplier Management - The company has implemented a 100% responsible procurement rate, ensuring that all procurement activities align with its development strategy and environmental policies[138] - The company emphasizes the importance of supplier management, requiring compliance with social responsibility standards and conducting annual audits to ensure adherence[135] - The company has developed a comprehensive supplier evaluation system that includes environmental management and social responsibility criteria, ensuring suppliers meet specific standards[136] - The company conducts regular checks on suppliers' compliance with environmental and social standards, including monitoring for any administrative penalties[137] - The company has established a clear set of requirements for suppliers, including adherence to ISO14001 and SA8000 standards, to ensure responsible sourcing[135] Audit and Compliance - The independent auditor confirmed that the financial statements fairly reflect the group's financial position as of December 31, 2019[190] - The company is responsible for preparing financial statements that present a true and fair view in accordance with Hong Kong Financial Reporting Standards[196] - The audit aims to provide reasonable assurance that the financial statements are free from material misstatement due to fraud or error[197] - The independent auditor's report emphasizes the responsibility to assess significant misstatements in the consolidated financial statements, whether due to fraud or error[198] - The auditor must conclude on the appropriateness of the going concern basis of accounting, identifying any significant uncertainties that may affect the company's ability to continue as a going concern[198]