比亚迪股份2022年中期报告

以梦为马 逐光前行 StockCode股份代号:1211 INTERIMREPORT 中期报告 2022 INTERIMRESULTSFORTHESIXMONTHSENDED30JUNE2022(PERIOD) 截至二零二二年六月三十日止六个月中期业绩（期内） Turnover 营业额 Grossprofit 毛利 ProfitattributabletoshareholdersoftheParent 母公司拥有人应占溢利 Earningspershare 每股盈利 65.71%toRMB150,607million 至人民币150,607百万元 75.35%toRMB20,342million 至人民币20,342百万元 206.35%toRMB3,595million 至人民币3,595百万元 202.44%toRMB1.24 至人民币1.24元 HIGHLIGHTS 1.ThedeliveryunitsoftheCompany’snewenergyvehiclesachievednon-stopnewhighs,withmarketshareincreasedsignificantly,andbrandinfluencefurtherenhanced. 2.TheCompanyfurtherexpandedtheproductlinestoperfectproductmatrix,withtheedgeoftechnologyinnovation,itledthenewdevelopingtrendoftheindustry. 3.WiththecooperationbetweentheCompanyandkeyaccountsfurtherstrengthened,theCompany’sbusinesscoverageexpandedcontinuously,whichfurtheroptimizedtheCompany’sproduct-mix. 4.TherapidgrowthinsalesvolumehashelpedtheCompanytoscaleupandimproveitsprofitability,whichpartiallyoffsetthepressurebroughtbytheinflationoftherawmaterials. 摘要 1.公司新能源汽车销量屡创历史新高，市占率大幅提升，品牌影响力持续扩大。 2.构建品牌新矩阵，拓展产品新系列，并加大产品创索尼度，引领行业发展新风向。 3.电子大客户业务持续拓展，业务领域不断拓宽，产品结构不断优化。 4.销量迅猛增长助力公司盈利大幅改善，并一定程度对冲原材料带来的盈利压力。 INDUSTRYANALYSISANDREVIEW AutomobilesandBatteriesBusiness Inthefirsthalfof2022,theCOVID-19andtheRussia-UkraineConflictformedanintertwinedeffect,whichleadedtoacomplicatedandsevereinternationalsituation.Asaresult,thecommoditypricessoared,globalinflationexceededconsensusexpectations,andtheworldeconomicgrowthhadanotableslowdown.InChina,COVID-19outbreaksappeartobesporadic,whichaggravatedthetensionsinindustrychainsandsupplychains,andfurtherincreasetheuncertaintyoftheeconomicoperations.Meanwhile,China’smacroeconomycameunderthepressureofshrinkingdemand,supplyshockandweakeningexpectations,whichresultedintheweakenedconsumerconfidence,declinedprosperityofrealestateindustry,andunderperformedinvestment.China’seconomyhasseriouslydeviatedfromthenormaltrack,withvariousmacroeconomicindicatorsbrokethebottomline.AccordingtothedatareleasedbytheNationalBureauofStatistics,thedomesticGDPinthefirsthalfof2022increasedby2.5%yearonyear,withtheyear-on-yearincreaseofonly0.4%inthesecondquarter. 行业分析及回顾 汽车及电池业务 二零二二年上半年，新冠疫情和俄乌冲突的影响交织，国际形势复杂严峻，致使大宗商品价格飙升，全球通货膨胀超预期，世界经济增长放缓的态势明显。中国新一轮疫情多点散发，众多产业链和供应链紧张加剧，对经济运行的扰乱加大。同时，伴随内部需求收缩、供给冲击和预期转弱的三重压力，国民消费信心不足，房地产持续下滑，投资亦不及预期，中国经济严重偏离正常增长轨道，各类宏观经济指标突破底线。据国家统计局公布的数据显示，二零二二年上半年国内生产总值同比增长2.5%，其中第二季度增长同比仅为0.4%。 MANAGEMENTDISCUSSIONANDANALYSIS 管理层讨论及分析 Underthecircumstanceofcomplexinternalandexternalenvironment,thewillingnessforautomobileconsumptionisinsufficient.Thus,thedevelopmentofChineseautomobileindustryhasbeenseverelycompromised.Moreover,theCOVID-19outbreakinJilinandShanghaihasweakenedthetrafficsinofflinestores,whichaggravatesthesituation.Meanwhile,theshortageofchipsandtherisingpriceofrawmaterialsarefuelingthechallengesoftheautomobileindustry.Tocopewiththedifficulties,thegovernmentunveiledaslewofautomobileconsumptionstimuluspolicies,stimulatingmarketvitalityandpromotingautomobileconsumptionbywayssuchascuttingautomobilepurchasetaxbyhalf,cashsubsidiesandconsumercoupons,whilemaintainingtheobjectiveof“zero-COVID”andeffectivelycontrollingthePandemic.InMay,theautomobilemarketbegantoreviveandgraduallycameoutofthedoldrums,however,thetotalsalesvolumeofthefirsthalfisstillcompromised.AccordingtothedatafromChinaAssociationofAutomobileManufacturers,theproductionandsalesvolumeofautomobilesinChinawere 12.117millionunitsand12.057millionunitsinthefirsthalfof 2022,representingayear-on-yeardecreaseof3.7%and6.6%,respectively.Newenergyvehicleswerepoisedforcontinuedhighgrowthagainsttheindustrialpressure,andtheproductionandsalesvolumeofnewenergyvehicleswere2.661millionunitsand2.600millionunitsrespectivelyinthefirsthalfof2022,increasedbyapproximately1.2timesyearonyear,both.WiththecontinuousimprovementoftechnologylevelandindustrialsystemofChina’snewenergyvehicleindustry,theproductcompetitivenesshasbeengreatlyenhanced,whichiscommonlysoughtafterbyconsumersandrecognizedbythemarket,andtheachievementofindustrialtransformationandupgradinghasbeenfurtherconsolidated.Meanwhile,thecontinuousriseinoilpricealsocontributedtotheconsumptiontrendofnewenergyvehiclessincethebeginningofthisyear.Inthefirsthalfof2022,themarketpenetrationrateofnewenergyvehiclesreached21.6%,representinganincrementof8.2percentageascomparedto2021.Asthepenetrationratecontinuedtorise,newenergyvehiclesenteredthenewstageofmarket-orientedandscaledevelopment. 在错综复杂的内外部环境下，中国汽车行业受到严重的冲击，居民汽车消费热情不足，特别是三月以来吉林、上海等地爆发的疫情，消费者进店受限，影响加剧。同时，芯片短缺、原材料价格上涨，汽车产业的发展面临挑战。为应对困难，政府出台系列汽车消费刺激政策，以购置税减半、现金补贴及消费券等方式激发市场活力，促进汽车消费，同时坚持动态清零的防疫目标，使疫情得到有效控制。五月，虽然汽车市场开始恢复并逐步走出低谷，但上半年整体销量依旧承压，根据中国汽车工业协会的数据，二零二二年上半年中国汽车产销量分别为1,211.7万辆和1,205.7万辆，同比分别下降3.7%和6.6%。其中，新能源汽车顶住行业压力保持了高增长态势，上半年新能源汽车产销量分别为266.1万辆和260.0万辆，同比均增长约1.2倍。随着中国新能源汽车产业技术水平持续提升、产业体系日趋完善，产品竞争力大幅增强，备受广大消费者追捧和市场认可，行业转型升级的成效进一步巩固。同时，今年以来，油价的持续上涨也助推了新能源汽车的消费趋势。二零二二年上半年，新能源汽车的市场渗透率达21.6%，较去年全年相比提升8.2个百分点。随着新能源汽车渗透率的不断提升，新能源汽车进入了市场导向和规模化发展的新阶段。 Thedevelopmentofnewenergyvehiclesistheonlyap