比亚迪2021年一季度财务分析报告
一、上市公司基本信息
机构简介：本公司系经原国家经贸委核准，由比亚迪实业收购比亚迪锂电池后变更设立。根据原国家经贸委《关于同意设立比亚迪股份有限公司的批复》（国经贸企改[2002]153号）以及《关于同意比亚迪股份有限公司调整股本结构的复函》（国经贸厅企改函[2002]348号）批准，本公司发起人以截至2002年4月30日经审计的净资产390,868,003元折为390,000,000股，每股面值人民币1.00元，未折入股本的868,003元计入本公司的资本公积金。2002年6月5日，安达信·华强会计师事务所出具《验资报告》，验证本公司的注册资本已经全部足额缴纳。2002年6月11日，本公司在深圳市工商局办理了工商变更登记手续并领取了《企业法人营业执照》（4403011001641），注册资本为39,000万元。
主营业务：二次充电电池业务、手机部件及组装业务，以及包含传统燃油汽车及新能源汽车在内的汽车业务
经营范围：锂离子电池以及其他电池、充电器、电子产品、仪器仪表、柔性线路板、五金制品、液晶显示器、手机零配件、模具、塑胶制品及其相关附件的生产、销售；3D眼镜、GPS导航产品的研发、生产及销售；货物及技术进出口（不含分销、国家专营专控商品）；作为比亚迪汽车有限公司比亚迪品牌乘用车、电动车的总经销商，从事上述品牌的乘用车、电动车及其零部件的营销、批发和出口，提供售后
服务；电池管理系统、换流柜、逆变柜/器、汇流箱、开关柜、储能机组的销售；汽车电子装置研发、销售；新能源汽车关键零部件研发以及上述零部件的关键零件、部件的研发、销售；轨道交通运输设备（含轨道交通车辆、工程机械、各类机电设备、电子设备及零部件、电子电气件、轨道交通信号系统、通信及综合监控系统与设备）的研发、设计、销售、租赁与售后服务（不涉及国营贸易管理商品，涉及配额、许可证管理及其他专项管理的商品，按国家有关规定办理申请）；轨道梁柱的研发、设计、销售；自有物业租赁（物业位于大鹏新区葵涌街道延安路一号比亚迪工业园内及龙岗区龙岗街道宝龙工业城宝荷路3001号比亚迪工业园内）；广告设计、制作、代理及发布；信息与技术咨询、技术服务。二、财务报表分析
（一）利润数据
2021-03-312020-12-312020-09-302020-06-302020-03-31同比环比营业总收入(元)40,991,873,000.051,575,058,000.044,519,647,000.040,824,444,000.019,678,542,000.0108.31%-20.52%营业收入(元)40,991,873,000.051,575,058,000.044,519,647,000.040,824,444,000.019,678,542,000.0108.31%-20.52%营业总成本(元)40,496,895,000.049,824,415,000.041,648,684,000.037,750,313,000.019,786,960,000.0104.66%-18.72%营业成本(元)35,828,950,000.043,019,838,000.034,584,857,000.032,442,767,000.016,203,918,000.0
121.11%-16.72%营业税金及附加(元)445,462,000.0778,776,000.0700,047,000.0430,364,000.0245,228,000.081.65%-42.80%销售费用(元)1,247,470,000.01,527,293,000.01,522,930,000.01,320,890,000.0684,500,000.082.25%-18.32%管理费用(元)1,162,579,000.01,221,091,000.01,080,145,000.01,078,432,000.0941,825,000.023.44%-4.79%财务费用(元)595,230,000.0704,347,000.01,394,275,000.0709,030,000.0954,958,000.0-37.67%-15.49%公允价值变动收益
(元)-8,841,000.0-68,227,000.0-25,514,000.0-5,558,000.048,032,000.0-118.41%-87.04%投资收益(元)-137,425,000.0-71,487,000.0-73,509,000.0-33,277,000.0-94,537,000.045.37%92.24%对联营企业和合营
-127,715,000.0-79,403,000.0-12,227,000.0-97,730,000.02,523,000.0-5162.03%60.84%企业的投资收益(元)
营业利润(元)646,400,000.01,285,461,000.02,852,189,000.02,573,615,000.0374,508,000.072.60%-49.71%营
业外收入(元)58,503,000.0103,907,000.074,140,000.056,466,000.047,147,000.024.09%-43.70%营业外支出(元)48,806,000.0184,557,000.0176,634,000.083,935,000.039,720,000.022.88%-73.56%
利润总额(元)656,097,000.01,204,811,000.02,749,695,000.02,546,146,000.0381,935,000.071.78%-45.54%
所得税费用(元)145,045,000.092,719,000.0231,247,000.0484,691,000.059,967,000.0141.87%56.44%
净利润(元)511,052,000.01,112,092,000.02,518,448,000.02,061,455,000.0321,968,000.058.73%-54.05%
归属于母公司股东
237,356,000.0820,697,000.01,751,140,000.01,549,794,000.0112,636,000.0110.73%-71.08%的净利润(元)
少数股东损益(元)273,696,000.0291,395,000.0767,308,000.0511,661,000.0209,332,000.030.75%-6.07%
基本每股收益(元)0.080.290.620.540.02300.00%-72.41%
稀释每股收益(元)0.080.290.620.540.02300.00%-72.41%
其他综合收益(元)-313,743,000.0-314,107,000.0-3,274,000.0-112,396,000.0-79,142,000.0296.43%-0.12%
综合收益总额(元)197,309,000.0797,985,000.02,515,174,000.01,949,059,000.0242,826,000.0-18.74%-75.27%
归属于母公司所有
-76,547,000.0507,313,000.01,744,393,000.01,437,591,000.035,563,000.0-315.24%-115.09%者的综合收益总额
(元)
归属于少数股东的
273,856,000.0290,672,000.0770,781,000.0511,468,000.0207,263,000.032.13%-5.79%综合收益总额(元)
利润分析：2021年一季度利润总额为65609.7万元，与2020年一季度的38193.5万元相比，增长71.78%；环比2020年四季度的120481.1万元相比，增长-45.54%，利润总额主要来源于主营业务。
（二）现金流数据
2021-03-312020-12-312020-09-302020-06-302020-03-31同比环比
销售商品、提供劳
32,379,041,000.043,729,990,000.039,712,539,000.036,087,598,000.019,136,788,000.069.20%-25.96%务收到的现金(元)
收到的税费返还(元)943,041,000.01,780,343,000.02,821,493,000.01,390,091,000.0419,872,000.0124.60%-47.03%
收到其他与经营活
1,854,959,000.01,866,090,000.092,695,000.0559,426,000.01,125,081,000.064.87%-0.60%动有关的现金(元)
经营活动现金流入
35,177,041,000.047,376,423,000.042,626,727,000.038,037,115,000.020,681,741,000.070.09%-25.75%小计(元)
购买商品、接受劳
务支付的现金(元)
25,803,901,000.020,217,993,000.018,630,118,000.020,543,891,000.09,868,115,000.0161.49%27.63%支付给职工以及为
职工支付的现金(元)
6,058,618,000.07,019,688,000.06,427,144,000.05,219,391,000.03,855,249,000.057.15%-13.69%支付的各项税费(元)1,942,401,000.01,979,492,000.02,819,731,000.0930,739,000.0438,026,000.0343.44%-1.87%支付其他与经营活
动有关的现金(元)
1,230,265,000.01,430,058,000.01,624,705,000.0753,330,000.01,571,668,000.0-21.72%-13.97%经营活动现金流出
小计(元)
35,035,185,000.030,647,231,000.029,501,698,000.027,447,351,000.015,733,058,000.0122.69%14.32%经营活动产生的现
金流量净额(元)
141,856,000.016,729,192,000.013,125,029,000.010,589,764,000.04,948,683,000.0-97.13%-99.15%取得投资收益收到
的现金(元)
30,640,000.028,925,000.051,079,000.069,694,000.095,570,000.0-67.94% 5.93%处置固定资产、无
形资产和其他长期
资产收回的现金净
额(元)
70,952,000.057,157,000.028,232,000.0108,060,000.065,528,000.08.28%24.14%
处置子公司及其他
营业单位收到的现
金净额(元)
931,000.04,718,000.0-11,941,000.08,035,000.097,016,000.0-99.04%-80.27%
收到其他与投资活
动有关的现金(元)
2,100,000,000.0670,000,000.02,646,300,000.09,100,000,000.05,800,000,000.0-63.79%213.43%投资活动现金流入
小计(元)
2,202,523,000.0760,848,000.02,713,670,000.09,285,789,000.06,058,114,000.0-63.64%189.48%购建固定资产、无
形资产和其他长期
资产支付的现金(元)
4,207,848,000.02,597,111,000.02,681,283,000.02,564,839,000.03,930,861,000.07.05%62.02%投资支付的现金(元)542,379,000.0483,619,000.0492,775,000.043,500,000.0816,920,000.0-33.61%12.15%支付其他与投资活
动有关的现金(元)
2,250,000,000.02,105,461,000.02,646,300,000.09,100,000,000.05,800,000,000.0-61.21% 6.86%投资活动现金流出
小计(元)
7,000,227,000.05,186,191,000.05,820,358,000.011,708,339,000.010,547,781,000.0-33.63%34.98%投资活动产生的现
金流量净额(元)
-4,797,704,000.0-4,425,343,000.0-3,106,688,000.0-2,422,550,000.0-4,489,667,000.0 6.86%8.41%取得借款收到的现
金(元)
8,586,978,000.04,284,147,000.02,213,112,000.014,110,295,000.020,026,193,000.0-57.12%100.44%筹资活动现金流入
小计(元)
34,049,130,000.03,843,675,000.02,418,820,000.019,145,059,000.020,026,193,000.070.02%785.85%偿还债务支付的现
金(元)
12,323,095,000.012,638,274,000.09,945,248,000.025,006,005,000.019,534,128,000.0-36.92%-2.49%分配股利、利润或
偿付利息支付的现
金(元)
550,565,000.0589,781,000.01,003,509,000.01,171,581,000.0921,158,000.0-40.23%-6.65%
支付其他与筹资活
动有关的现金(元)
140,356,000.051,425,000.083,107,000.0-374,000.097,323,000.044.22%172.93%筹资活动现金流出
小计(元)
13,614,016,000.014,779,480,000.012,831,864,000.026,177,212,000.020,552,609,000.0-33.76%-7.89%
筹资活动产生的现金流量净额(元)20,435,114,000.0-
10,935,805,000.0
-
byd汽车10,413,044,000.0
-7,032,153,000.0-526,416,000.0-3981.93%-286.86%
汇率变动对现金及
现金等价物的影响
-13,175,000.049,302,000.0-4,439,000.0-13,881,000.0-7,783,000.069.28%-126.72%现金及现金等价物
净增加额
15,766,091,000.01,417,346,000.0-399,142,000.01,121,180,000.0-75,183,000.0-21070.29%1012.37%期初现金及现金等
价物余额(元)
13,738,498,000.012,321,152,000.012,720,294,000.011,599,114,000.011,674,297,000.017.68%11.50%期末现金及现金等
价物余额(元)
29,504,589,000.013,738,498,000.012,321,152,000.012,720,294,000.011,599,114,000.0154.37%114.76%
现金流分析：2021年一季度期末现金及现金等价物余额为2950458.9万元，与2020年一季度的1159911.4万元相比，增长154.37%；环比2020年四季度的1373849.8万元相比，增长114.76%。
（三）资产负债数据
2021-03-312020-12-312020-09-302020-06-302020-03-31同比环比
货币资金(元)29,974,477,000.014,445,030,000.013,181,897,000.013,241,316,000.012,641,416,000.0
137.11%107.51%应收账款(元)36,994,803,000.041,216,427,000.038,907,717,000.043,909,067,000.039,541,976,000.0-6.44%-10.24%预付款项(元)1,240,311,000.0724,350,000.01,106,009,000.01,192,801,000.0526,853,000.0135.42%71.23%其他应收款
(元)993,673,000.01,042,710,000.01,231,939,000.01,270,798,000.01,109,800,000.0-10.46%-4.70%存货(元)35,813,906,000.031,396,358,000.032,892,862,000.027,794,288,000.026,829,232,000.033.49%14.07%一年内到期的
1,147,245,000.01,250,853,000.0899,601,000.01,133,880,000.01,164,892,000.0-1.51%-8.28%非流动资产
(元)
其他流动资产
(元)11,500,481,000.07,312,937,000.06,801,512,000.07,591,370,000.07,435,222,000.054.68%57.26%流动资产合计
(元)133,680,278,000.0111,605,110,000.0107,774,544,000.0108,849,577,000.0101,528,167,000.031.67%19.78%长期应收款
(元)1,681,989,000.01,804,913,000.0958,806,000.01,073,203,000.01,092,036,000.054.02%-6.81%长期股权投资
(元)5,656,091,000.05,465,588,000.05,229,248,000.04,776,938,000.04,866,511,000.016.22% 3.49%投资性房地产
(元)93,546,000.094,217,000.094,888,000.095,559,000.096,230,000.0-2.79%-0.71%固定资产(元)54,469,213,000.054,584,620,000.053,190,974,000.048,539,242,000.048,798,591,000.011.62%-0.21%在建工程(元)6,794,812,000.06,111,767,000.07,527,123,000.011,723,781,000.011,550,026,000.0-41.17%11.18%无形资产(元)15,439,908,000.011,804,174,000.011,882,649,000.012,024,065,000.012,651,000,000.022.04%30.80%开发支出(元)1,275,497,000.04,885,708,000.05,330,064,000.05,946,277,000.06,147,953,000.0-79.25%-73.89%商誉(元)65,914,000.065,914,000.065,914,000.065,914,000.065,914,000.00.00%0.00%长期待摊费用
(元)61,983,000.067,195,000.072,849,000.089,997,000.0115,796,000.0-46.47%-7.76%
递延所得税资
1,872,144,000.01,768,975,000.01,615,570,000.01,598,866,000.01,477,315,000.026.73% 5.83%产(元)
其他非流动资
105,949,000.0108,419,000.0298,626,000.0302,265,000.0316,828,000.0-66.56%-2.28%产(元)
非流动资产合
90,112,986,000.089,412,211,000.089,024,473,000.088,786,828,000.089,835,107,000.00.31%0.78%计(元)
资产总计(元)223,793,264,000.0201,017,321,000.0196,799,017,000.0197,636,405,000.0191,363,274,000.016.95%11.33%短期借款(元)16,588,358,000.016,400,690,000.024,789,523,000.032,091,445,000.038,466,906,000.0-56.88% 1.14%应付票据(元)9,775,010,000.08,925,694,000.09,332,481,000.011,575,368,000.013,665,388,000.0-28.47%9.52
%应付账款(元)39,188,102,000.042,982,610,000.032,000,797,000.023,836,677,000.017,990,531,000.0117.83%-8.83%预收款项(元)1,500,000.07,500,000.01,400,000.01,300,000.01,300,000.015.38%-80.00%应付职工薪酬
(元)4,530,070,000.04,835,248,000.05,016,499,000.05,207,609,000.03,861,885,000.017.30%-6.31%应交税费(元)1,565,074,000.01,858,782,000.01,648,259,000.01,881,535,000.0583,697,000.0168.13%-15.80%应付利息(元)436,574,000.0414,168,000.0333,879,000.0375,441,000.0629,754,000.0-30.68% 5.41%其他应付款
(元)9,495,023,000.08,855,472,000.07,770,065,000.06,204,435,000.05,424,512,000.075.04%7.22%一年内到期的
14,729,624,000.011,412,460,000.09,201,306,000.09,540,363,000.08,537,569,000.072.53%29.07%非流动负债
(元)
其他流动负债
(元)695,241,000.0545,954,000.0208,821,000.0207,395,000.05,204,844,000.0-86.64%27.34%流动负债合计
(元)107,748,951,000.0106,430,696,000.099,867,853,000.0101,361,651,000.0100,975,290,000.0 6.71% 1.24%
长期借款(元)13,622,224,000.014,745,495,000.015,654,973,000.015,822,055,000.014,533,550,000.0-6.27%-7.62%应付债券(元)6,387,775,000.08,880,459,000.09,876,424,000.09,874,753,000.09,970,309,000.0-35.93%-28.07%递延所得税负
债(元)
414,104,000.0393,150,000.0174,219,000.0188,408,000.0105,840,000.0291.25% 5.33%
其他非流动负
债(元)
5,750,280,000.05,270,323,000.02,556,016,000.02,559,977,000.02,459,047,000.0133.84%9.11%非流动负债合
计(元)
27,043,984,000.030,132,713,000.029,071,565,000.029,061,896,000.027,627,221,000.0-2.11%-10.25%负债合计(元)134,792,935,000.0136,563,409,000.0128,939,418,000.0130,423,547,000.0128,602,511,000.0 4.81%-1.30%实收资本(或股
本)(元)
2,861,143,000.02,728,143,000.02,728,143,000.02,728,143,000.02,728,143,000.0 4.88% 4.88%
资本公积金
(元)49,521,283,000.024,698,663,000.026,303,696,000.026,354,806,000.024,530,666,000.0101.88%100.50%盈余公积金
(元)4,448,300,000.04,448,300,000.04,086,827,000.04,098,989,000.04,098,989,000.08.52%0.00%未分配利润
(元)24,663,312,000.024,456,556,000.024,091,978,000.022,387,637,000.021,085,659,000.016.97%0.85%归属于母公司
股东权益合计
(元)
81,127,153,000.056,874,274,000.059,764,561,000.059,928,232,000.056,715,028,000.043.04%42.64%
少数股东权益
(元)7,873,176,000.07,579,638,000.08,095,038,000.07,284,626,000.06,045,735,000.030.23% 3.87%股东权益合计
(元)89,000,329,000.064,453,912,000.067,859,599,000.067,212,858,000.062,760,763,000.041.81%38.08%
负债和股东权
益合计223,793,264,000.0201,017,321,000.0196,799,017,000.0197,636,405,000.0191,363,274,000.016.95%11.33% 2021-03-312020-12-312020-09-302020-06-302020-03-31同比环比
资产分析：2021年一季度资产总计为22379326.4万元，与2020年一季度的19136327.4万元相比，增长16.95%；环比2020年四季度的20101732.1万元相比，增长11.33%。
负债分析：2021年一季度负债总计为13479293.5万元，与2020年一季度的12860251.1万元相比，增长4.81%；环比2020年四季度的13656340.9万元相比，增长-1.3%。
（四）财务指标数据
2021-03-312020-12-312020-09-302020-06-302020-03-31同比环比
每股收益EPS(元)0.0830.30080.64190.56810.04130.04-0.22扣除非经常损益后
的净利润(元)
-81,651,000.0460,777,000.01,576,919,000.01,387,927,000.0-471,700,000.0390049000.00-542428000.00经营活动净收益(元)494,978,000.01,750,643,000.02,870,963,000.03,074,131,000.0-108,418,000.0603396000.00-1255665000.00价值变动净收益(元)-146,266,000.0-139,714,000.0-99,023,000.0-38,835,000.0-46,505,000.0-99761000.00-6552000.00净资产收益率
ROE(%)0.34 1.41 2.93 2.660.20.14-1.07净资产收益率(扣除
非经常损益)(%)
-0.120.79 2.63 2.38-0.830.71-0.91
总资产净利率
ROA(%)0.240.56 1.28 1.060.170.07-0.32销售净利率(%) 1.25 2.16 5.66 5.05 1.64-0.39-0.91销售毛利率(%)12.5916.5922.3220.5317.66-5.07-4.00营业总成本/营业总
收入(%)
98.7996.6193.5592.47100.55-1.76 2.18营业利润/营业总收
入(%)
1.58
2.49 6.41 6.3 1.9-0.32-0.91
净利润/营业总收入
(%) 1.25 2.16 5.66 5.05 1.64-0.39-0.91
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